Porsche 356 Registry Inc
- Assets
- $677.7k
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Sugar Land, TX
- Founding
- 07/1983
- Data as of
- 08/2022
- EIN
- 31-0894018
Organization Overview
Porsche 356 Registry Inc is located in Sugar Land, TX. The organization was established in 1983. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Porsche 356 Registry Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2022, Porsche 356 Registry Inc generated $405.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $429.3k during the year ending 08/2022. 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
TO ENCOURAGE THE PRESERVATION AND PERPETUATION OF THE VINTAGE (1948-1965) 356 SERIES PORSCHE AUTOMOBILE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
356 REGISTRY PUBLICATION (BI-MONTHLY). A VERY PROFESSIONAL 76 PAGE MAGAZINE PROVIDING INFORMATION ON TECHNICAL MATTER, SOCIAL EVENTS AND GENERAL PORSCHE 356 INFORMATION.
EAST COAST AND WEST COAST HOLIDAYS - A FOUR DAY GATHERING OF MEMBERS IN DIFFERENT CITIES ON THE EAST COAST AND WEST COAST FOR SOCIAL EVENTS, TECHNICAL INFORMATION AND CAR SHOWS. A WIDE RANGE OF OUTSIDE SPEAKERS INCLUDING REPRESENTATIVE FROM PORSCHE FACTORY IN GERMANY.
WEB PAGE - PORSCHE 356 REGISTRYWEB PAGE PROVIDES INFORMATION ABOUT THE ORGANIZATION, OUR MAGAZINE, NEWS AND EVENTS, 356 TALK FORUMS, CLASSIFIEDS, RESOURCES, GOODIE STORE, AND MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Branning President | OfficerTrustee | 10 | $0 |
Debbie Cooper Secretary | OfficerTrustee | 10 | $0 |
Cliff Murray Vice President | OfficerTrustee | 10 | $0 |
Mark Roth Treasurer | OfficerTrustee | 10 | $0 |
Al Zim Trustee | Trustee | 5 | $0 |
Rhys Haydon Trustee | Trustee | 5 | $0 |
Financial Statements
| 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 | $395,757 |
| Investment income | $962 |
| 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 | $405,324 |
| 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 | $24,840 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,847 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,000 |
| Office expenses | $2,356 |
| Information technology | $32,999 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $28,271 |
| All other expenses | $14,696 |
| Total functional expenses | $429,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,696 |
| Savings and temporary cash investments | $521,715 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,318 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,729 |
| Accounts payable and accrued expenses | $4,501 |
| Grants payable | $0 |
| Deferred revenue | $322,663 |
| 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 | $327,164 |
| Net assets without donor restrictions | $350,565 |
| 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 | $677,729 |
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