2012-08-14T11:19:38-05:00 2011-12-31 420714325 MCGLADREY LLP PO BOX 5946 MADISON WI 537050946 990 2011-01-01 390711650 WISCONSIN AUTOMOBILE AND TRUCK DEALERS ASSOCIATION INC WISC 6082515577 PO BOX 5345 MADISON WI 53705 WILLIAM SEPIC 6082515577 2012-08-13 1 JAMES G GRAHAM P00006111 6088332612 2011 2016-02-24 21:20:13Z WILLIAM SEPIC POBOX 5345 MADISON WI 53705 3412040 0 X WWW.WATDA.ORG X 1928 WI ORGANIZED FOR THE PURPOSE OF ADVANCEMENT OF INTERESTS FOR AUTO & TRUCK DEALERS AND TO PROVIDE CONTINUING EDUCATION & OTHER SERVICES TO MEMBERS. 25 25 24 0 1549186 36688 40818 79033 3534265 2849686 179639 101935 21346 174977 3776068 3205631 155101 130111 0 0 2155754 1732253 0 0 0 1362272 1164895 3673127 3027259 102941 178372 4869027 4980941 1738687 1811604 3130340 3169337 X ORGANIZED FOR THE PURPOSE OF ADVANCEMENT OF INTERESTS FOR AUTO & TRUCK DEALERS AND TO PROVIDE CONTINUING EDUCATION & OTHER SERVICES TO MEMBERS. 0 0 MEMBER SERVICES - EXPENSES ON BEHALF OF MEMBERSHIP FOR GOVERNMENT AND INDUSTRY RELATIONS, RESEARCH, COUNSELING AND LEGAL ASSISTANCE; EDUCATION SEMINARS AND MATERIALS FOR MEMBERS MEMBERS CONFERENCES AND MEETINGS - REGIONAL MEETINGS THROUGHOUT WISCONSIN FOR FULL MEMBERSHIP EXPENSES ALLOCATED TO WATDA SERVICES, INC., WATDA INSURANCE TRUST, FOUNDATION OF WATDA, AND WATDA INSURANCE CORPORATION - PROVIDE MANAGEMENT SERVICES TO THESE RELATED ORGANIZATIONS THAT PROVIDE MEMBERS WITH WATDA ENDORSED PRODUCTS AND SERVICES COMMUNICATIONS - PUBLIC RELATIONS EXPENDITURES, PREPARATION AND DISTRIBUTION OF REFERENCE MANUAL AND NEWSLETTER, AND INFORMATIONAL MAILINGS TO FULL MEMBERSHIP. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 24 1 1 1 0 0 0 0 0 X 25 25 1 0 0 0 1 1 0 1 1 1 0 0 1 0 0 0 0 1 1 0 X MATT LAVOLD 6082515577 150 EAST GILMAN STREETLEVEL A MADISON WI 53703 FRANK PORTH 1.00 X X 0 0 0 ERIC JORGENSEN 1.00 X X 0 0 0 KEN VANCE 1.00 X 0 0 0 THOMAS WEIGAND 1.00 X 0 0 0 DANIEL TOYCEN 1.00 X 0 0 0 BARBARA A ANDERSON 1.00 X 0 0 0 RICHARD STOCKWELL 1.00 X 0 0 0 JAMES TESSMER 1.00 X X 0 0 0 JOHN R MCCOY 1.00 X 0 0 0 LAWRENCE M MEADE 1.00 X 0 0 0 RONALD J BOLDT 1.00 X 0 0 0 JOSHUA JOHNSON 1.00 X 0 0 0 WAYNE GROSS 1.00 X 0 0 0 LAVON FELTON 1.00 X 0 0 0 TIMOTHY SHARON 1.00 X 0 0 0 DAVID M CUENE 1.00 X 0 0 0 JAMES FLOOD 1.00 X 0 0 0 PAUL SCHLAGENHAUF 1.00 X 0 0 0 DONALD L LARSON 1.00 X 0 0 0 JOHN O'MALLEY 1.00 X 0 0 0 JIM OLSON 1.00 X 0 0 0 DENNIS V TRECEK 1.00 X 0 0 0 ROBERT A CLAPPER 1.00 X 0 0 0 BRIAN EWALD 1.00 X 0 0 0 ANDREW SCHLESINGER 1.00 X 0 0 0 WILLIAM SEPIC 40.00 X 192090 67177 45162 MATT LAVOLD 40.00 X 35126 58531 8904 MARY ANN GERRARD 40.00 X 133242 0 20114 CHRIS SNYDER 40.00 X 87953 24885 24640 RAY PEDERSEN 40.00 X 0 102444 8473 448411 253037 107293 2 0 1 0 0 79033 79033 MANAGEMENT SERVICES 561000 1494207 1494207 MEMBERSHIP DUES 900099 730447 730447 ROYALTIES 900099 275756 275756 STATISTIC SALES 900099 177778 177778 DEALER POINT NEWSP 511110 54979 54979 116519 116519 2849686 45262 45262 251299 11783 205111 1298 46188 10485 56673 56673 NET BOOK INCOME OF SUB 900099 174977 174977 174977 3205631 1199721 1549186 377691 130111 227216 1170850 114605 111782 107800 51643 25924 97562 10539 91634 617 86302 215387 83280 38739 58719 56701 17566 INCOME TAX EXPENSE 15126 COST OF SALES 142504 PRINTING AND POSTAGE 67900 REPAIRS AND MAINTENANCE 54046 50706 3027259 250 250 714533 707292 314491 186596 28926 54393 1870220 553410 1210148 1316810 1896339 1811252 684328 859303 20012 45045 4869027 4980941 202187 235033 380413 438831 1156087 1137740 1738687 1811604 X 2706927 2787525 423413 381812 3130340 3169337 4869027 4980941 X 178372 -139375 X X 0 1 1 X 0 0 0 1 730447 344105 100972 445077 260751 184326 1162740 1162740 707480 553410 154070 1316810 WATDA SERVICES, INC 859303 C 859303 3205631 3027259 178372 -139375 -139375 38997 1471146 -139375 120634 -18741 1489887 1715744 1715744 3205631 1390548 0 1390548 1636711 1636711 3027259 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION FOLLOWS THE PROVISIONS OF THE UNCERTAINTY IN INCOME TAXES SECTION OF THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION. THESE PROVISIONS ADDRESS THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF WATDA AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. AT DECEMBER 31, 2011 AND 2010, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. PART XII LINE 2D - NET ASSETS RELEASED FROM RESTRICTION $ 120,634 4B - EXPENSES REIMBURSED $ 1,494,207 RESTRICTED CONTRIBUTIONS $ 79,033 COST OF SALES NETTED $ 142,504 TOTAL $ 1,715,744 PART XIII LINE 4B - EXPENSES REIMBURSED $ 1,494,207 COST OF SALES NETTED $ 142,504 TOTAL $ 1,636,711 1 FOUNDATION OF THE WATDA ASSOCIATION 391719902 501(C)(3) 130111 GENERAL OPERATIONS 1 THE ASSOCIATION PROVIDED THE FOUNDATION $75,000 FOR GENERAL OPERATION EXPENSES. IN ADDITION THE ASSOCIATION AND FOUNDATION SHARE FACILITIES, EQUIPMENT AND EMPLOYEES. THE ASSOCIATION PROVIDED 55,111 OF UNREIMBURSED ADMINISTRATIVE AND GENERAL COSTS. THE FOUNDATION IS A RELATED TAX EXEMPT ORGANIZATION. X X 0 1 X X X 0 0 0 WILLIAM SEPIC 161752 56567 0 0 30338 10610 17934 6272 15526 5430 225550 78879 0 0 MARY ANN GERRARD 129637 0 1676 0 1929 0 10626 0 9488 0 153356 0 0 0 PART I, LINE 1A HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - MONTHLY MADISON CLUB DUES OF $105 ARE PAID FOR WILLIAM SEPIC AND MARY ANN GERARD. THE CLUB IS USED 100% FOR BUSINESS PURPOSES, AND THEREFORE THE DUES ARE NOT TREATED AS TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS - AMOUNTS WERE PAID TO THE PRESIDENT FOR MOVING ALLOWANCES PER THE EMPLOYMENT AGREEMENT. PART I, LINE 1B THERE IS NO SPECIFIC WRITTEN POLICY FOR THE MADISON CLUB DUES. HOWEVER, IN PRACTICE, THE INDIVIDUAL EMPLOYEE WILL PROVIDE THE DUES INVOICES TO THE ASSOCIATION FOR PAYMENT. THE ASSOCIATION MAKES THE PAYMENT DIRECTLY TO THE MADISON CLUB UPON RECEIPT OF THE INVOICE. THE TAX INDEMNIFICATION AND GROSS-UP PAYMENT WAS MADE TO THE PRESIDENT PURSUANT TO THE EMPLOYMENT AGREEMENT. FORM 990, PART VI FORM 990, PART VI, SECTION A, LINE 9: SEE LIST BELOW FOR CONTACT ADDRESSES. FORM 990, PART VI, SECTION A, LINE 2 IT IS COMMON BUSINESS PRACTICE FOR ONE DEALER TO TRADE/EXCHANGE/SELL A MOTOR VEHICLE OR PARTS TO ANOTHER DEALER. DIRECTORS WORK FOR DEALER MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 WATDA HAS MEMBERS WHO PAY ANNUAL DUES TO BE A MEMBER OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS IN EACH DISTRICT VOTE FOR THE BOARD MEMBER TO REPRESENT THEIR DISTRICT. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WAS REVIEWED BY THE CFO-CONTROLLER AND THE PRESIDENT BEFORE BEING FINALIZED. FORM 990, PART VI, SECTION B, LINE 15 A. AS PART OF THE CEO TRANSITION IN 2008 THE ASSOCIATION UTILIZED A TASK FORCE MADE UP OF MEMBERS AND HIRED A SEARCH FIRM TO IDENTIFY AND SELECT A CANDIDATE. A MULTI-YEAR CONTRACT WAS THEN NEGOTIATED BETWEEN THE PRESIDENT AND THE ASSOCIATION. B. DURING THE BUDGET PROCESS, THE EXECUTIVE COMMITTEE AND THEN THE BOARD APPROVES A TOTAL COMPENSATION AMOUNT. EXECUTIVE MANAGEMENT TEAM THEN ALLOCATES THE APPROVED AMOUNT TO THE EMPLOYEES AND THE OVERALL ALLOCATION IS APPROVED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII FRANK PORTH - 510 S US HWY 141, CRIVITZ, WI 54114. ERIC JORGENSEN - 720 INDUSTRIAL COURT SUITE B, HARTLAND, WI 53029. KEN VANCE - 5252 STATE RD 93, EAU CLAIRE, WI 54701. THOMAS WEIGAND - N16622 SHORELINE DR, PEMBINE, WI 54156. DANIEL TOYCEN - 1115 MARTIN RD, BLOOMER, WI 54724. BARBARA A. ANDERSON - 424 W. INDUSTRIAL ROAD, ELLSWORTH, WI 54011. RICHARD STOCKWELL - 3636 E MILWAUKEE ST, JANESVILLE, WI 53546. JAMES TESSMER - 20445 W CAPITOL DRIVE, BROOKFIELD, WI 53008. JOHN R. MCCOY - PO BOX 8687, MADISON, WI 53708. LAWRENCE M. MEADE - PO BOX 454, WISCONSIN DELLS, WI 53965. RONALD J. BOLDT - 75 S OAK ST, PLATTEVILLE, WI 53818. JOSHUA JOHNSON - 15570 HWY 63, HAYWARD, WI 54843. WAYNE GROSS - 404 E DIVISION STREET, NEILLSVILLE, WI 54456. LAVON FELTON - 1225 NORTH MAIN, VIROQUA, WI 54665. TIMOTHY SHARON - 515 AMRON AVE, ANTIGO, WI 54409. DAVID M. CUENE - 1010 S MILITARY AVE, GREEN BAY, WI 54307. JAMES FLOOD - 815 S ROLLING MEADOWS, FOND DU LAC, WI 54937. PAUL SCHLAGENHAUF - 2326 W ST PAUL AVENUE, MILWAUKEE, WI 53233. DONALD L. LARSON - S3801 US HIGHWAY 12, BARABOO, WI 53913. JOHN O'MALLEY - 3405 W STEWART AVE, WAUSAU, WI 54401. JIM OLSON - 632 GREEN BAY RD, STURGEON BAY, WI 54235. DENNIS V. TRECEK - 1350 E. WISCONSIN, PORTAGE, WI 53901. ROBERT A. CLAPPER - 3601 E MILWAUKEE ST, JANESVILLE, WI 53546. BRIAN EWALD - 6319 S 108TH ST, FRANKLIN, WI 53132. ANDREW SCHLESINGER - 1500 W. SILVER SPRING DR, MILWAUKEE, WI 53209. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -139,375. FORM 990, PART XII, LINE 2C: THE AUDIT AND FINANCE COMMITTEE ARE RESPONSIBLE FOR THIS. THE POLICY DID NOT CHANGE. THE FOUNDATION OF THE WI AUTO AND TRUCK DEALERS ASSOC PO BOX 5345 MADISON WI 53705 391719902 CHARITABLE WI 501(C)3 7 WATDA 1 WATDA INSURANCE TRUST PO BOX 5345 MADISON WI 53705 391099259 HEALTH AND WELFARE BENEFITS WI 501(C)9 WATDA 1 CARPAC CAR AND TRUCK RETAILERS POLITICAL ACTION COMMITTEE PO BOX 5345 MADISON WI 53705 391546098 POLITICAL ACTION WI 527 WATDA 1 DEALERS DIRECT GIVERS FUND PO BOX 5345 MADISON WI 53705 030473116 POLITICAL ACTION WI 527 N/A 0 WATDA SERVICES INC PO BOX 5345 MADISON WI 53705 391193487 BUSINESS SERVICES WI WATDA C 1446058 1557660 1.00000 WATDA INSURANCE CORPORATION PO BOX 5345 MADISON WI 53705 392023511 INSURANCE WI N/A C 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 WATDA SERVICES INC P 1031493 COST WATDA INSURANCE TRUST P 6089 COST WATDA INSURANCE CORPORATION P 442894 COST THE FOUNDATION OF THE WI AUTO AND TRUCK DEALERS ASSOC P 243325 COST THE FOUNDATION OF THE WI AUTO AND TRUCK DEALERS ASSOC B 130111 COST