2025-11-17T17:19:05-06:00 2024-12-31 381402622 FENNER MELSTROM & DOOLING PLC 355 S OLD WOODWARD AVE SUITE 200 BIRMINGHAM MI 48009 990 2024-01-01 382326624 NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS NATI 3013061614 9475 LOTTSFORD ROAD STE 150 UPPER MARLBORO MD 20774 PERRY WATSON PRESIDENT 3013061614 2025-11-17 1 1 DANIELL R PATTERSON CPA P01343982 2482588900 2025-11-17 2024 2025-03-06 01:10:19Z PERRY WATSON 9475 LOTTSFORD ROAD UPPER MARLBORO MD 20774 1433846 0 X WWW.NAMAD.ORG X 1980 MD THE NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS (NAMAD) IS A 501C3 NONPROFIT ORGANIZATION HEADQUARTERED IN LARGO MARYLAND. NAMAD'S MISSION IS TO PROVIDE VIABLE OPPORTUNITIES FOR ETHNIC MINORITIES IN THE AUTOMOBILE INDUSTRY. 22 22 3 0 0 0 4302945 1432916 0 0 1840 930 0 0 4304785 1433846 0 35000 0 0 416745 389028 0 0 52253 3282387 3564092 3699132 3988120 605653 -2554274 2729135 118901 255245 199285 2473890 -80384 THE NATIONAL ASSOCIATION OF MINORITY AUTOMOBILE DEALERS (NAMAD) IS A 501C3 NONPROFIT ORGANIZATION HEADQUARTERED IN LARGO MARYLAND. NAMAD'S MISSION IS TO PROVIDE VIABLE OPPORTUNITIES FOR ETHNIC MINORITIES IN THE AUTOMOBILE INDUSTRY. 0 0 3270281 35000 819641 ADVOCATE FOR THE INCREASE OF ETHNIC MINORITY NEW AUTOMOBILE DEALERS 119070 258295 MEMBERSHIP SUPPORT - 10 161407 354980 INDUSTRY RELATIONS - 60 3550758 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 3 0 0 0 0 0 1 1 0 0 0 0 0 X 22 22 0 0 0 1 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 MD X PERRY WATSON 3013061614 9475 LOTTSFORD ROAD STE 150 UPPER MARLBORO MD 20774 RAY FREGIA JR VICE CHAIRMAN 40.00 X 0 0 0 ROBERT VALDES TREASURER 40.00 X 0 0 0 JAMES RIVCHIN SECRETARY 40.00 X 0 0 0 PERRY WATSON IV PRESIDENT 40.00 X X 200000 0 0 DAMIAN MILLS IMMEDIATE PAST CHAIRMAN 1.00 X 0 0 0 JAY GILL CMDA APPOINTEE 1.00 X 0 0 0 BILL LYNCH GMMDA PRESIDENT 1.00 X 0 0 0 ROBERT BROGDEN GMMDA APPOINTEE 1.00 X 0 0 0 ANTHONY GORDON FORD-MDA CHAIRMAN 1.00 X 0 0 0 ZACH BRANDT FORD-MDA APPOINTEE 1.00 X 0 0 0 LUIS SOMOANO FORD-MDA APPOINTEE 1.00 X 0 0 0 JAMES COLON TLOMDA PRESIDENT 1.00 X 0 0 0 WINSTON PITTMAN TLOMDA APPOINTEE 1.00 X 0 0 0 JOE ALVAREZ CHAIRMAN APPOINTEE 1.00 X 0 0 0 GREG BARANCO CHAIRMAN APPOINTEE 1.00 X 0 0 0 RAY FREGIA SR CHAIRMAN APPOINTEE 1.00 X 0 0 0 JOSE POZOS CHAIRMAN APPOINTEE 1.00 X 0 0 0 GUS PALMAR CHAIRMAN APPOINTEE 1.00 X 0 0 0 FERNANDO VARELA CHAIRMAN APPOINTEE 1.00 X 0 0 0 JULIE HERRERA CHAIRMAN APPOINTEE 1.00 X 0 0 0 KARMALA SUTTON CHAIRMAN APPOINTEE 1.00 X 0 0 0 ANDREA ZADD CHAIRMAN APPOINTEE 1.00 X 0 0 0 AV FLEMING EXECUTIVE DIRECTOR OF FORD-MDA 1.00 X 0 0 0 OSVALDO GARCIA FORD MDA APPOINTEE 1.00 X 0 0 0 MARJORIE STATEN EXECUTIVE DIRECTOR OF GMMDA 1.00 X 0 0 0 MITCH MITCHELL EXECUTIVE DIRECTOR OF CMDA 1.00 X 0 0 0 ROBERT HATCHETT EXECUTIVE DIRECTOR OF TLOMDA 1.00 X 0 0 0 DAMON LESTER EXECUTIVE CHAIRPERSON 40.00 X 0 0 0 200000 0 0 1 0 1 0 0 258295 1174621 1432916 930 930 1433846 930 0 0 35000 35000 304906 121962 152453 30491 62548 25019 31274 6255 21574 8630 10787 2157 26575 26575 54516 53741 646 129 37828 9457 28371 28758 28758 4525 4525 66747 66747 132209 105767 13221 13221 1349798 1349798 59736 59736 6000 6000 MISAPPROPRIATION OF ASS 1714621 1714621 NEWSLETTER AND PUBLICAT 47408 47408 ALL OTHER EXPENSES 28208 19619 8589 EQUIPMENT RENTAL 4829 4829 2334 2334 3988120 3550758 385109 52253 340135 57901 2389000 61000 51755 51755 0 0 2729135 118901 182915 2000 72330 197285 255245 199285 X 2473890 -80384 2473890 -80384 2729135 118901 -2554274 0 X 0 0 0 X 2287047 2546343 2803190 2999988 1432916 12069484 2287047 2546343 2803190 2999988 1432916 12069484 12069484 1840 930 2770 215024 240410 254846 245760 956040 13028294 0.92640 0.92350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 51755 51755 0 0 1 CITIZENSHIP EDUCATION FUND 930 E 50TH STREET CHICAGO IL 60615 341447977 501(C)(3) 10000 0 CASH CITIZEN EMPOWERMENT PROGRAMS CONGRESSIONAL HISPANICS CAUCUS INSTITUTE 1128 16TH STREET NW WASHINGTON DC 20036 521114225 501(C)(3) 25000 0 CASH LEADERSHIP DEVELOPMENT PROGRAMS 2 0 0 0 0 0 0 0 0 0 PERRY WATSON IV PRESIDENT 200000 0 0 0 0 0 0 0 0 0 200000 0 0 0 DAMON LESTER PAST PRESIDENT SEE PART V 0 SCHEDULE L, PART I, LINE 1 DAMON LESTER THE ORGANIZATION'S FORMER PRESIDENT, DAMON LESTER, USED THE ORGANIZATIONS FUNDS FOR UNAUTHORIZED PERSONAL TRAVEL AND ENTERTAINMENT EXPENSES AND BUSINESS EXPENDITURES OVER SEVERAL YEARS. THE FRAUDULENT ACTIVITY WAS UNCOVERED THROUGH AN INDEPENDENT FORENSIC AUDIT. THE TOTAL AMOUNT OF EXCESS BENEFITS FROM FUNDS DIVERTED IS APPROXIMATELY $6,166,450. THE INVESTIGATION IS ONGOING. AS OF THE FILING OF THIS FORM 990, NO CORRECTIONS HAVE BEEN MADE. THE IRS HAS NOT YET ASSESSED ANY FORMAL TAXES OR PENALTIES ON MR. LESTER. ESTIMATED EXCISE TAX IS $1,541,613. FORM 990, PART VI, SECTION A, LINE 5 THE ORGANIZATION'S FORMER PRESIDENT USED THE ORGANIZATION'S FUNDS FOR UNAUTHORIZED PERSONAL TRAVEL AND ENTERTAINMENT EXPENSES AND BUSINESS EXPENDITURES OVER SEVERAL YEARS. THE FRAUDULENT ACTIVITY WAS UNCOVERED THROUGH AN INDEPENDENT FORENSIC AUDIT. THE INVESTIGATION IS ONGOING AND HAS BEEN TURNED OVER TO THE PROPER AUTHORITIES FOR PROSECUTION. SEE SCHEDULE L. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY REVIEWS AND APPROVE THE 990 RETURN BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C GOVERNANCE AND OVERSIGHT BY THE BOARD FOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A ALL COMPENSATION ARE REVIEWED AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNANCE DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST TO THE BOARD.