Porsche Club Of Amercia Connecticut
- Assets
- $136.0k
- Revenue
- $382.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Meriden, CT
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 06-1066831
Organization Overview
Porsche Club Of Amercia Connecticut is located in Meriden, CT. The organization was established in 1991. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porsche Club Of Amercia Connecticut is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Porsche Club Of Amercia Connecticut generated $382.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $395.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE HIGHEST STANDARDS OF OPERATION AND PERFORMANCE ON THE ROAD, INTERCHANGE OF IDEAS & SUGGESTIONS WITH OTHER PORSCHE CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRACK, AUTOCROSS, RALLY, TOUR, ETC - EVENTS WHICH PROMOTE SOCIAL INTERACTION AND AN OPPORTUNITY TO IMPROVE DRIVING SKILLS AND KNOWLEDGE OF ONE'S VEHICLE.
SOCIAL EVENTS-INCLUDE, BUT ARE NOT LIMITED TO, A BANQUET, PARTIES, ROOKIE ORIENTATION, PICNICS AND TOURS TO AREAS OF MUTUAL INTEREST AND ATTRACTION.
INDIVIDUALS CAN JOIN ORGANIZATION & RECEIVE CERTAIN BENEFITS FOR BEING MEMBER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Krohnengold President | OfficerTrustee | 0 | $0 |
Don Phelan Executive Vice President | OfficerTrustee | 0 | $0 |
Dave Vaccaro Vice President, Driver Edu | OfficerTrustee | 0 | $0 |
Jeff Coe Vice President, Programs | OfficerTrustee | 0 | $0 |
Tim Beckwith Treasurer | OfficerTrustee | 0 | $0 |
Susan Vaccaro Vice Treasurer, Drivers Ed | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $337,155 |
| Investment income | $167 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $261 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $382,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,900 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,072 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $23,251 |
| Total functional expenses | $394,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,519 |
| Savings and temporary cash investments | $134,486 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Total assets | $136,005 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $800 |
| Total liabilities | $800 |
| Net assets without donor restrictions | $0 |
| 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 | $135,205 |
| Total liabilities and net assets/fund balances | $136,005 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Porsche Club Of Amercia Connecticut has recieved totaling $9,056.
| Awarding Organization | Amount |
|---|---|
Porsche Club Of America Inc Columbia, MD PURPOSE: SURPLUS FUNDS | $9,056 |
Peer Organizations
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|---|---|---|
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Elderhostel Inc Boston, MA | $135,068,845 | $25,807,817 |
Yale Club Of New York City New York, NY | $50,588,779 | $20,944,634 |
Old Westbury Golf & Country Club Inc Old Westbury, NY | $24,637,751 | $16,881,231 |
Innis Arden Golf Club Inc Old Greenwich, CT | $33,992,814 | $14,860,228 |
Hudson National Golf Club Inc Croton On Hudson, NY | $51,687,185 | $12,086,027 |
Nantucket Golf Club Inc Siasconset, MA | $41,080,926 | $8,761,983 |
Great Harbor Yacht Club Inc Nantucket, MA | $67,641,341 | $7,821,481 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
Golf Club Of Marthas Vineyard Inc Edgartown, MA | $54,618,022 | $7,664,048 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Greenwich Water Club Inc Cos Cob, CT | $34,734 | $8,500,732 |