Rolls-Royce Owners Club Inc is located in Mechanicsburg, PA. The organization was established in 1961. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Rolls-Royce Owners Club Inc employed 6 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Rolls-Royce Owners Club 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, Rolls-Royce Owners Club Inc generated $799.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $803.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.8%) 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING IN THE OPERATION OF MEETS AND TOURS WHERE AUTOMOBILES ARE DISPLAYED AND JUDGED, SPONSORING SEMINARS RELATED TO VARIOUS ASPECTS OF MAINTAINING THE AUTOMOBILES, PUBLISHING A PERIODICAL DEVOTED TO THE DISSEMINATION OF HISTORICAL AND TECHNICAL INFORMATIONS ABOUT ROLLS-ROYCE AND BENTLEY AUTOMOBILES.
PRINTING AND MAILING OF FLYING LADY MAGAZINE AND CLUB DIRECTORY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Lizewskie Executive Di | Officer | 45 | $86,414 |
Bob Fahning President | OfficerTrustee | 3 | $0 |
Jon Waples Treasurer | OfficerTrustee | 3 | $0 |
John Sweney Secretary | OfficerTrustee | 3 | $0 |
Marilyn Turner Vice Preside | OfficerTrustee | 3 | $0 |
Jason Coker 11 - 630 Past Preside | Trustee | 3 | $0 |
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 | $670,969 |
Investment income | $280 |
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 | $39,072 |
Miscellaneous Revenue | $0 |
Total Revenue | $799,582 |
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. | $86,414 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $187,831 |
Pension plan accruals and contributions | $5,896 |
Other employee benefits | $50,507 |
Payroll taxes | $23,185 |
Fees for services: Management | $0 |
Fees for services: Legal | $71 |
Fees for services: Accounting | $13,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $55,362 |
Advertising and promotion | $0 |
Office expenses | $116,652 |
Information technology | $14,527 |
Royalties | $0 |
Occupancy | $17,694 |
Travel | $2,675 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $142,976 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,820 |
Insurance | $16,783 |
All other expenses | $20,095 |
Total functional expenses | $803,886 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $108 |
Savings and temporary cash investments | $333,453 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $67,082 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $123,618 |
Prepaid expenses and deferred charges | $81,637 |
Net Land, buildings, and equipment | $108,731 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $76,472 |
Total assets | $791,101 |
Accounts payable and accrued expenses | $86,569 |
Grants payable | $0 |
Deferred revenue | $271,739 |
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 | $51,633 |
Total liabilities | $409,941 |
Net assets without donor restrictions | $381,160 |
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 | $791,101 |
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