Bmw Car Club Of America Inc
- Assets
- $5.5m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Greer, SC
- Founding
- 02/2007
- Data as of
- 12/2021
- EIN
- 20-2996713
Organization Overview
Bmw Car Club Of America Inc is located in Greer, SC. The organization was established in 2007. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Bmw Car Club Of America Inc employed 19 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Bmw Car Club Of America Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Bmw Car Club Of America Inc generated $4.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $4.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE SOCIAL INTERACTION AMONG BMW CAR CLUB MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S NATIONAL OFFICE BUDGETS AND COORDINATES OKTOBERFEST EACH YEAR. OKTOBERFEST IS A WEEK-LONG EVENT THAT INCLUDES DRIVING EVENTS, CLUB RACES, AND SOCIAL FUNCTIONS FOR PARTICIPATING MEMBERS. THE NATIONAL OFFICE HOSTS THE NEWSLETTER EDITOR/WEBMASTER CONFERENCE, WHICH IS AN EDUCATIONAL CONFERENCE FOR CHAPTER NEWSLETTER EDITORS AND WEBMASTERS. THE NATIONAL OFFICE ALSO HOSTS THE CHAPTER LEADERSHIP CONFERENCE. THE INDIVIDUAL CHAPTERS SPONSOR VARIOUS DRIVING EVENTS FOR CLUB MEMBERS. THE NATIONAL OFFICE COORDINATES MOTORSPORT INSURANCE FOR THESE EVENTS. ADDITIONALLY, MEMBERS ARE GIVEN THE OPPORTUNITY TO PARTICIPATE IN CLUB RACES AND OTHER SOCIAL EVENTS. AS MEMBERS ARE ASSIGNED TO LOCAL CHAPTERS, A REBATE FROM MEMBERSHIP DUES IS MADE TO INDIVIDUAL STATE CHAPTERS ON AN ALLOCABLE BASIS TO SUPPORT EVENTS AT THE LOCAL LEVEL.
IN 2020 WE CHANGED THE OFFICIAL NAME OF THE PUBLICATION TO THE BMW CAR CLUB MAGAZINE. THIS WAS UPDATED AS WELL THROUGH THE USPS. WE NOW PRODUCE 10 ISSUES OF ROUNDEL AND 2 ISSUES OF BIMMERLIFE UNDER THIS PUBLICATION TITLE. BIMMERLIFE FOCUSES ON REGIONAL CHAPTERS AND THEIR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank C Patek II Ed | Officer | 40 | $191,052 |
Walker L Rayburn Creative Director | 40 | $111,219 | |
Christopher Hennecy Director Of Marketing And Corp Sponsorship | 40 | $102,712 | |
Heather Tollison Dfo | Officer | 40 | $100,910 |
Eddy Funahashi Pesident | OfficerTrustee | 15 | $0 |
Lou Ann Shirk Executive Vice President | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stephens Green Publishers Ad Sales | 12/30/19 | $115,274 |
Gc Satch Carlson Assoc Llc Editor | 12/30/19 | $130,800 |
Stephen B Elliott (Dba Elliott It Consu It Director | 12/30/19 | $106,000 |
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 | $3,431,115 |
| Investment income | $2,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $217 |
| Net Rental Income | $42,000 |
| Net Gain/Loss on Asset Sales | -$36 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $360,997 |
| Net Income from Sales of Inventory | $100,515 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,813,166 |
| 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. | $505,893 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $447,904 |
| Pension plan accruals and contributions | $43,698 |
| Other employee benefits | $180,159 |
| Payroll taxes | $81,146 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,428 |
| Fees for services: Accounting | $7,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $762,958 |
| Advertising and promotion | $10,473 |
| Office expenses | $1,067,720 |
| Information technology | $14,453 |
| Royalties | $0 |
| Occupancy | $65,591 |
| Travel | $56,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $90,816 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $127,350 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,431,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,232,200 |
| Savings and temporary cash investments | $677,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$34,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,655 |
| Inventories for sale or use | $141,015 |
| Prepaid expenses and deferred charges | $71,932 |
| Net Land, buildings, and equipment | $2,251,134 |
| Investments—publicly traded securities | $96,147 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,700 |
| Total assets | $5,488,624 |
| Accounts payable and accrued expenses | $206,017 |
| Grants payable | $0 |
| Deferred revenue | $3,896,414 |
| 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 | $8,122 |
| Total liabilities | $4,110,553 |
| 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 | $1,378,071 |
| Total liabilities and net assets/fund balances | $5,488,624 |
Grants Awarded
Over the last fiscal year, Bmw Car Club Of America Inc has awarded $19,128 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Greer, SC PURPOSE: PROGRAM ACTIVITIES | $19,128 |
Pittsburgh, PA PURPOSE: PROGRAM ACTIVITES | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Myers Park Country Club Inc Charlotte, NC | $50,316,696 | $16,086,490 |
North Ridge Country Club Inc Raleigh, NC | $21,783,792 | $13,220,578 |
George Walton Academy Inc Monroe, GA | $18,498,422 | $12,032,755 |
Forest Lake Club Columbia, SC | $17,782,694 | $10,657,455 |
Eagle Point Golf Club Inc Wilmington, NC | $18,431,345 | $8,325,446 |
Dataw Island Club Inc Beaufort, SC | $27,067,751 | $8,525,272 |
Wade Hampton Golf Club Inc Cashiers, NC | $23,418,026 | $9,280,278 |
Old Town Club Inc Winstonsalem, NC | $12,827,032 | $8,211,808 |
Vor Club Corporation Charlotte, NC | $8,365,754 | $7,496,900 |
Standard Club Johns Creek, GA | $15,932,702 | $5,650,853 |
Old Chatham Golf Club Durham, NC | $20,568,212 | $7,510,404 |
Oldfield Club Okatie, SC | $11,156,902 | $7,833,609 |