West Virginia Motorcar Festival Inc
- Assets
- $37.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 09/2012
- Data as of
- 12/2021
- EIN
- 27-4265493
Organization Overview
West Virginia Motorcar Festival Inc is located in Charleston, WV. The organization was established in 2012. According to its NTEE Classification (N52) the organization is classified as: Fairs, 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. West Virginia Motorcar Festival Inc 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, West Virginia Motorcar Festival Inc generated $124.2k 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 (6.1%) each year. All expenses for the organization totaled $133.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
SERVINGTHEPUBLICASAVENUEFORSHARINGINFORMATIONABOUTTHEHISTORYANDSCIENCEOFTHEAUTOMOTIVEINDUSTRYTHROUGHEDUCATIONALSESSIONS,DEMONSTRATIONS,ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Rutledge Director | 15 | $0 | |
Ed Webb Director | 8 | $0 | |
Randy Damron Director | 10 | $0 | |
Kenny Wells Director | 8 | $0 | |
Jack Jarvis President Director | 40 | $0 | |
Lloyd Mcintyre Vice President Treasurer Director | 30 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,650 |
| Total Program Service Revenue | $20,419 |
| Membership dues | $0 |
| Investment income | $187 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,942 |
| Total Revenue | $124,198 |
| 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 | $1,250 |
| Printing, publications, postage, and shipping | $7,442 |
| Other expenses | $125,114 |
| Total expenses | $133,806 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $37,747 |
| Other assets | $0 |
| Total assets | $37,747 |
| Total liabilities | $0 |
| Net assets or fund balances | $37,747 |
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Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
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Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |