Blue Comet Motorcycle Club Inc
- Assets
- $519.9k
- Revenue
- $75.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Skippack, PA
- Founding
- 05/1952
- Data as of
- 12/2022
- EIN
- 23-6299971
Organization Overview
Blue Comet Motorcycle Club Inc is located in Skippack, PA. The organization was established in 1952. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is the central organization for a national or regional group of organizations. Blue Comet Motorcycle 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 12/2022, Blue Comet Motorcycle Club Inc generated $75.9k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $48.3k during the year ending 12/2022. 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
ADVANCE THE INTERESTS OF MOTORCYCLEISTS THROUGH EDUCATION, RACING AND OTHER EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTORCYCLE RACES AND EDUCATIONAL EVENTS
POKER RUNS
ANNUAL BIKER BANQUET
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dane Morgridge President | Trustee | 10 | $0 |
Chip Main Vice President | Trustee | 10 | $0 |
Keith Gengler Treasurer | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,017 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,054 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,071 |
| Total Program Service Revenue | $23,243 |
| Investment income | $6,647 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $5,504 |
| Net Income from Sales of Inventory | -$1,030 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $75,921 |
| 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 | $100 |
| Office expenses | $1,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,285 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,919 |
| All other expenses | $20,136 |
| Total functional expenses | $48,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,727 |
| Savings and temporary cash investments | $47,047 |
| 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 | $11,724 |
| Investments—publicly traded securities | $412,280 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,156 |
| Total assets | $519,934 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $519,934 |
| 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 | $519,934 |