Shelby American Automobile Club Inc
- Assets
- $132.1k
- Revenue
- $670.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Wallingford, CT
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 27-0294359
Organization Overview
Shelby American Automobile Club Inc is located in Wallingford, CT. The organization was established in 2014. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shelby American Automobile 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, Shelby American Automobile Club Inc generated $670.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $591.0k during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CLUB IS DEDICATED TO THE PRESERVATION, CARE, HISTORY AND ENJOYMENT OF THE CARS CARROLL SHELBY CREATED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION AND CAR RALLY
CAR REGISTRIES AND MERCHANDISE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curt Vogt President | OfficerTrustee | 1 | $10,397 |
Virginia Blinn Secretary | OfficerTrustee | 10 | $8,155 |
James Talbott Director | Trustee | 1 | $20,796 |
Ronald Richards Director | Trustee | 1 | $867 |
Howard Pardee Director | Trustee | 1 | $10,400 |
James Dolan Director | Trustee | 1 | $10,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $137,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,284 |
| All other contributions, gifts, grants, and similar amounts not included above | $240,712 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $396,496 |
| Total Program Service Revenue | $273,842 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $670,338 |
| 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. | $64,481 |
| Compensation of current officers, directors, key employees. | $8,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $700 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $31,221 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,035 |
| Advertising and promotion | $4,780 |
| Office expenses | $5,453 |
| Information technology | $2,886 |
| Royalties | $11,325 |
| Occupancy | $0 |
| Travel | $2,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $700 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,363 |
| Insurance | $10,743 |
| All other expenses | $7,510 |
| Total functional expenses | $591,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,052 |
| Savings and temporary cash investments | $0 |
| 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 | $17,083 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,135 |
| 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 | $15,485 |
| Total liabilities | $15,485 |
| 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 | $74,690 |
| Retained earnings, endowment, accumulated income, or other funds | $41,960 |
| Total liabilities and net assets/fund balances | $132,135 |