Free State Corvette Club Foundationinc
- Assets
- $41.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ellicott City, MD
- Founding
- 10/2006
- Data as of
- 12/2021
- 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 12/2021, Free State Corvette Club Foundationinc generated $70.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $65.6k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
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 2021, THE FOLLOWING AMOUNTS WERE CONTRIBUTED: GILCHRIST KIDS - 5,500 WORCHESTER COUNTY GOLD - 5,500 KENNEDY KRIEGER INSTITUTE - 5,500 USO METRO - 5,500 SPINA BIFIDA OF MD - 27,500 SPINA BIFIDA - 4,500 HEROES OF THE WATER - 5,500
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Steinbock President | 5 | $0 | |
Norman Elkins Treasurer | 6 | $0 | |
Chris Wren Vice Preside | 5 | $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 | $7,540 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $62,455 |
| Other Revenue | $0 |
| Total Revenue | $69,998 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $1,860 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63,741 |
| Total expenses | $65,601 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $41,334 |
| Other assets | $0 |
| Total assets | $41,334 |
| Total liabilities | $0 |
| Net assets or fund balances | $41,334 |
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The Essential Foundation Fka Aqua Charitable Trust Bryn Mawr, PA | $32,073,281 | $19,000,000 |
The Methuselah Foundation Springfield, VA | $18,792,317 | $14,799,805 |
The Meg And Bennett Goodman Family Foundation Jenkintown, PA | $50,458,470 | $11,004,981 |
Farm Journal Agricultural Foundation Washington, DC | $815,504 | $1,711,147 |
Yellow Ribbon Fund Inc Bethesda, MD | $1,996,496 | $3,055,184 |
Voorhis Foundation Wilmington, DE | $18,620,361 | $1,505,500 |
Izmirlian International Foundation Washington, DC | $264 | $2,005,003 |