TY 2024 Form 990

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(1) DARIN WADE......................................................................
PRESIDENT

2.00
.................

(2) TRAVIS EDENS......................................................................
IMMEDIATE PAST PRESIDENT

2.00
.................

(3) RYON BORNEMEIER......................................................................
VICE-PRESIDENT

2.00
.................

(4) JAIME GALLES......................................................................
SECRETARY/TREASURER

2.00
.................

(5) GARY HOUSELY......................................................................
DIRECTOR

2.00
.................

(6) DOMINIC SALAZAR......................................................................
DIRECTOR

2.00
.................

(7) KENNETH ORTIZ......................................................................
EXECUTIVE DIRECTOR

4.00
.................

17,408

2,251

(A)
Name and title

(B)
Average hours per week (list any hours for related organizations below dotted line)

(D)
Reportable compensation from the organization (W-2/1099-MISC/1099-NEC)

(E)
Reportable compensation from related organizations (W-2/1099-MISC/1099-NEC)

(F)
Estimated amount of other compensation from the organization and related organizations

(A)
Name and business address

(B)
Description of services

Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

- TIN:

SCHEDULE O
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

Open to Public
Inspection

Name of the organization

ALBUQUERQUE NEW CAR & TRUCK DEALERS
ASSOCIATION

Employer identification number

85-6009191

Return Reference	Explanation
FORM 990 AUDIT IN PROCESS NOTE	THE ORGANIZATION'S AUDIT IS STILL IN PROCESS, SO THIS TAX RETURN INCLUDES AMOUNTS THAT MAY CHANGE ONCE THE AUDIT IS COMPLETE. WHEN THE AUDIT IS COMPLETED, WE WILL PREPARE AN AMENDED RETURN IF NECESSARY.
FORM 990, PART VI, SECTION A, LINE 6	THE ORGANIZATION HAS TWO CLASSES OF MEMBERSHIP. ACTIVE MEMBERSHIP IN THE ASSOCIATION IS OPEN TO ANY INDIVIDUAL, PARTNERSHIP, FIRM OR CORPORATION ACTIVELY ENGAGED IN AND DEVOTING A SUBSTANTIAL PORTION OF TIME TO THE BUSINESS OF NEW MOTOR VEHICLE RETAILING, WHO IS OPERATING A PERMANENTLY ESTABLISHED PLACE OF BUSINESS ANYWHERE WITHIN THE BOUNDARIES OF THE STATE OF NEW MEXICO UNDER AN AUTHORIZED FRANCHISE CURRENTLY IN FORCE WITH THE MANUFACTURER OR DISTRIBUTOR. ASSOCIATED MEMBERSHIP IN THE ASSOCIATION IS OPEN TO ANY INDIVIDUAL, PARTNERSHIP, FIRM OR CORPORATION ENGAGED IN A BUSINESS ALLIED IN ANY WAY WITH THAT OF DEALING IN NEW MOTOR VEHICLE RETAILING WITHIN THE BOUNDARIES OF THE STATE OF NEW MEXICO. ONLY ACTIVE MEMBERS IN GOOD STANDING ARE ELIGIBLE FOR MEMBERSHIP ON THE BOARD OF DIRECTORS OR TO HOLD OFFICE IN THE ASSOCIATION.
FORM 990, PART VI, SECTION A, LINE 7A	EACH ACTIVE MEMBER IN GOOD STANDING SHALL BE ENTITLED TO CAST ONE VOTE IN ANY AND ALL ELECTIONS OF DIRECTORS FROM THE COUNTY IN WHICH SAID MEMBER'S DEALERSHIP IS LOCATED.
FORM 990, PART VI, SECTION B, LINE 11B	UPON COMPLETION OF THE FORM 990 BY THE INDEPENDENT ACCOUNTING FIRM, THE CFO REVIEWS THE 990 AND THEN PRESENTS IT TO THE BOARD OF DIRECTORS FOR THE BOARD'S REVIEW PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	DISCLOSURE OF A CONFLICT OF INTEREST SHOULD BE MADE TO THE CHIEF EXECUTIVE OFFICER (OR IF S/HE IS THE ONE WITH THE CONFLICT, THE BOARD CHAIR), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE CHAIR OF THE AUDIT COMMITTEE, OR HIS/HER DESIGNEE. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, OR IF S/HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIR OF THE AUDIT COMMITTEE. THE AUDIT COMMITTEE SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO ANCT. THE DESICISON OF THE AUDIT COMMITTEE ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF ANCT AND THE ADVANCEMENT OF ITS PURPOSE.
FORM 990, PART VI, SECTION B, LINE 15	THE CEO'S COMPENSATION IS DETERMINED BY INDEPENDENT MEMBERS OF THE EXECUTIVE COMMITTEE. IN THAT DETERMINATION, INDUSTRY COMPARATIVES ARE REVIEWED AND CONSIDERED. ANY COMPENSATION INCREASE REQUIRES APPROVAL BY THE EXECUTIVE COMMITTEE. THIS PROCESS IS UNDERTAKEN AS INCREASES OCCUR. THIS PROCESS WAS LAST COMPLETED IN 2016. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS SUBSTANTIATION AND DELIBERATION OF THE DECISION. THE CFO COMPENSATION REQUIRES APPROVAL BY THE EXECUTIVE COMMITTEE. THE CEO PERFORMS THE REVIEW OF COMPARATIVES, WHICH INCLUDES SPEAKING WITH OTHER ASSOCIATION EXECUTIVES IN OTHER STATES AND NEW MEXICO. THE CEO THEN MAKES A RECOMMENDATION THAT IS PRESENTED FOR APPROVAL TO THE EXECUTIVE COMMITTEE. THE ORGANIZATION MAINTAINS CONTEMPORANEOUS SUBSTANTIATION AND DELIVERATION OF THE DECISION.
FORM 990, PART VI, SECTION C, LINE 19	UPON ANY PUBLIC REQUEST, CFO IS DIRECTED TO PROVIDE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS. THE ORGANIZATION IS IN THE PROCESS OF DRAFTING A CONFLICT OF INTEREST POLICY AND IT WILL BE MADE AVAILABLE TO THE PUBLIC IN THE SAME MANNER AS THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS.
FORM 990, PART VII, SECTION A, LINE 1A - OFFICER COMPENSATION:	THE W-2'S FOR OFFICER COMPENSATION ARE ISSUED BY NEW MEXICO AUTOMOTIVE DEALERS ASSOCIATION (NMADA), AN UNRELATED ENTITY. THE W-2 INCLUDES AMOUNTS PAID FOR SERVICES PROVIDED TO THE ORGANIZATION UNDER A SHARED AGREEMENT. THESE AMOUNTS ARE REFLECTED IN PART VII - THE PORTION ATTRIBUTABLE TO THE FILING ORGANIZATION IS BEING REPORTED IN LINE 1A, COLUMN D AND COLUMN F.
FORM 990, PART IX, LINE 11G	OUTSIDE SERVICES 9,362.
PART XII, LINE 2C EXPLANATION	THE BOARD ACTS AS A WHOLE TO SELECT THE AUDITORS AND OVERSEE THE AUDIT PROCESS; THIS PROCESS HAS NOT CHANGED.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) (Rev. 1-2025)

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: AUTOMOTIVE DEALER TRADE ASSOCIATION
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	6
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	6
5	Total number of individuals employed in calendar year 2024 (Part V, line 2a) ......	5	0
6	Total number of volunteers (estimate if necessary) .............	6	0
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	0
b	Net unrelated business taxable income from Form 990-T, Part I, line 11 .........	7b	0

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	0	0
9	Program service revenue (Part VIII, line 2g) .........	49,500	44,250
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	21,417	-9,719
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	0	0
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	70,917	34,531
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	0	0
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	40,586	37,268
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 0
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	27,900	16,937
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	68,486	54,205
19	Revenue less expenses. Subtract line 18 from line 12.......	2,431	-19,674
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	568,598	617,406
21	Total liabilities (Part X, line 26).............	13,789	26,706
22	Net assets or fund balances. Subtract line 21 from line 20.....	554,809	590,700

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	PROMOTES COMMUNICATION OF AUTO DEALER VIEWS TO LOCAL GOVERNING BODIES. THERE WERE APPROXIMATELY 30 MEMBERS IN 2024.

4b	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )
	ASSIST DEALERS WITH VARIOUS LEGAL AND REGULATORY MATTERS OF GENERAL INTEREST TO ALBUQUERQUE AUTO DEALERS.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses

1b	Sub-Total..............
c	Total from continuation sheets to Part VII, Section A..
d	Total (add lines 1b and 1c).........	17,408	0	2,251

(A) Name and business address	(B) Description of services	(C) Compensation





2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 0

1a	Federated campaigns..	1a
b	Membership dues..	1b
c	Fundraising events..	1c
d	Related organizations	1d
e	Government grants (contributions)	1e

f	All other contributions, gifts, grants, and similar amounts not included above	1f

g	Noncash contributions included in lines 1a - 1f:$	1g

h Total. Add lines 1a-1f.......

		Business Code
2a	MEMBERSHIP DUES	561000	43,125	43,125
b	SERVICES	561000	1,125	1,125
c
d
e
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		44,250

3 Investment income (including dividends, interest, and othersimilar amounts) ......			24,692			24,692
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
			(i) Real	(ii) Personal
6a	Gross rents	6a
b	Less: rental expenses	6b
c	Rental income or (loss)	6c
d	Net rental income or (loss).......
			(i) Securities	(ii) Other
7a	Gross amount from sales of assets other than inventory	7a
b	Less: cost or other basis and sales expenses	7b	34,411
c	Gain or (loss)	7c	-34,411
d	Net gain or (loss).........			-34,411			-34,411
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a
b	Less: cost of goods sold ..		10b
c	Net income or (loss) from sales of inventory..

Business Code
11a
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......
12	Total revenue. See instructions.....			34,531	44,250	0	-9,719

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	19,659
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	13,257
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	165
9	Other employee benefits .......	890
10	Payroll taxes ...........	3,297
11	Fees for services (non-employees):
a	Management ......
b	Legal .........
c	Accounting ...........	1,290
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	9,362
12	Advertising and promotion ....
13	Office expenses .......	3,811
14	Information technology ......	621
15	Royalties ..
16	Occupancy ...........	1,262
17	Travel ............	258
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..
23	Insurance ...	307
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	MISCELLANEOUS EXPENSE	26
b
c
d
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	54,205
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........		5,008	1	11,690
2	Savings and temporary cash investments .........			2
3	Pledges and grants receivable, net ......			3
4	Accounts receivable, net .............		5,250	4	8,375
5	Loans and other receivables from any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				5
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				6
7	Notes and loans receivable, net ...........			7	497
8	Inventories for sale or use ............			8
9	Prepaid expenses and deferred charges ......			9	765
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a
b	Less: accumulated depreciation	10b		10c
11	Investments—publicly traded securities .		558,340	11	596,079
12	Investments—other securities. See Part IV, line 11 .....			12
13	Investments—program-related. See Part IV, line 11 ..			13
14	Intangible assets ...............			14
15	Other assets. See Part IV, line 11 ...........			15
16	Total assets. Add lines 1 through 15 (must equal line 33)...		568,598	16	617,406

17	Accounts payable and accrued expenses .....	13,789	17	26,706
18	Grants payable ...		18
19	Deferred revenue .........		19
20	Tax-exempt bond liabilities .........		20
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
			22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D		25
26	Total liabilities. Add lines 17 through 25..	13,789	26	26,706

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........	554,809	27	590,700
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	554,809	32	590,700
33	Total liabilities and net assets/fund balances ........	568,598	33	617,406

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ......................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ........................
c	Total lobbying expenditures (add lines 1a and 1b) ............................................................
d	Other exempt purpose expenditures ...............................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ..................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) .................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ...................................................................................................................	Yes No

4-Year Averaging Period Under Section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2021	(b) 2022	(c) 2023	(d) 2024	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
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