Hilton Head Island Concours D Elegance Inc
- Assets
- $228.3k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Hilton Head Island, SC
- Founding
- 09/2002
- Data as of
- 12/2022
- EIN
- 02-0547759
Organization Overview
Hilton Head Island Concours D Elegance Inc is located in Hilton Head Island, SC. The organization was established in 2002. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Hilton Head Island Concours D Elegance Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hilton Head Island Concours D Elegance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hilton Head Island Concours D Elegance Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ANNUAL AUTO SHOW & MOTORING FESTIVAL LOCATED ON HILTON HEAD ISLAND, SC.
Describe the Organization's Program Activity:
PRODUCTION OF A WEEK-LONG FESTIVAL MOTOR SHOW THAT FOCUSES UPONAUTOMOBILES AND OTHER VARIOUS METHODS OF TRANSPORTATION ANDWHICH IS OPEN AND AVAILABLE TO THE GENERAL PUBLIC.
PAYMENT OF GRANTS TO LOCAL NOT-FOR-PROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lindsey Harrell President | OfficerTrustee | 40 | $100,752 |
Meredith Harlacher Chairman | OfficerTrustee | 5 | $0 |
Bob Lee Treasurer | OfficerTrustee | 20 | $0 |
Truitt Rabun Secretary | OfficerTrustee | 5 | $0 |
Mike Mcclelland Board Member | Trustee | 5 | $0 |
Lawrence Koch Board Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $347,340 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,340 |
| Total Program Service Revenue | $925,563 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,342,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,200 |
| Grants and other assistance to domestic individuals. | $11,001 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,752 |
| Compensation of current officers, directors, key employees. | $25,188 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,439 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,715 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $313,912 |
| Office expenses | $0 |
| Information technology | $25,532 |
| Royalties | $0 |
| Occupancy | $21,294 |
| Travel | $3,801 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $19,624 |
| All other expenses | $79,316 |
| Total functional expenses | $1,499,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,075 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,163 |
| Total assets | $228,332 |
| Accounts payable and accrued expenses | $23,427 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $140,623 |
| Other liabilities | $495 |
| Total liabilities | $164,545 |
| Net assets without donor restrictions | $63,787 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $228,332 |