Free State Corvette Club Foundationinc
- Assets
- $42.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 10/2006
- Data as of
- 12/2022
- EIN
- 20-5576739
Organization Overview
Free State Corvette Club Foundationinc is located in Ellicott City, MD. The organization was established in 2006. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free State Corvette Club Foundationinc 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, Free State Corvette Club Foundationinc generated $56.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $55.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ANNUAL CORVETTE WEEKEND HELD IN OCEAN CITY, MARYLAND TO RAISE FUNDS TO CONTRIBUTE TO SEVERAL 510(C)(3) ORGANIZATIONS. IN 2022, THE FOLLOWING AMOUNTS WERE CONTRIBUTED: GILCHRIST KIDS - 5,000 BENNET INSTITUTE - 5,000 WORCHESTER COUNTY GOLD - 5,000 USO METRO - 5,000 SPINA BIFIDA - 25,000 HEROES OF THE WATER - 5,000
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Steinbock President | 5 | $0 | |
Chris Wren Vice Preside | 5 | $0 | |
Norman Elkins Treasurer | 6 | $0 | |
Jeff Weiner Director | 1 | $0 | |
Jim Kinnear Director | 1 | $0 | |
Joe Daley Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,133 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $52,452 |
| Other Revenue | $0 |
| Total Revenue | $56,587 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $2,910 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $52,178 |
| Total expenses | $55,738 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,183 |
| Other assets | $0 |
| Total assets | $42,183 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,183 |