Motorcycle Industry Council Inc

Organization Overview

Motorcycle Industry Council Inc is located in Irvine, CA. The organization was established in 1973. 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, Motorcycle Industry Council Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motorcycle Industry Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Motorcycle Industry Council Inc generated $4.9m 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 (6.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MOTORCYCLE INDUSTRY TRADE ASSOCIATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOVERNMENT RELATIONS PROGRAM - THE OBJECTIVE OF THE GOVERNMENT RELATIONS PROGRAM IS TO MONITOR AND RESPOND TO LEGISLATIVE AND REGULATORY MATTERS.


STATISTICS PROGRAM - THE OBJECTIVE OF THE PROGRAM IS TO PROVIDE RESEARCH AND STATISTICS TO SUPPORT MOTORCYCLE INDUSTRY COUNCIL OBJECTIVES AND INDUSTRY INFORMATION AND DATA COMMUNICATION NEEDS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Irvine Company
Office Rent
$454,473
Ipsos Insight Llc
Data Analysis
$171,988
View All Vendors

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$300,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$300,000
Total Program Service Revenue$4,476,224
Investment income $88
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 $8,353
Miscellaneous Revenue$0
Total Revenue $4,936,693

Grants Awarded

Over the last fiscal year, Motorcycle Industry Council Inc has awarded $144,000 in support to 2 organizations.

Grant RecipientAmount

NATIONAL OFF-HIGHWAY VEHICLE CONSERVATION COUNCIL (NOHVCC)

Org PageRecipient Profile

Great Falls, MT

PURPOSE: TO DEVELOP AND PROVIDE PROGRAMS, MATERIALS AND INFORMATION TO OHV RIDERS, CLUBS ASSOCIATIONS AND AGENCIES IN ORDER TO FUTHER A POSITIVE FUTURE FOR RESPONSIBLE OHV RECREATION.

$104,000

MOTORCYCLE INDUSTRY COUNCIL

Org PageRecipient Profile

Irvine, CA

PURPOSE: INDUSTRY COLLABERATION GRANT FROM MIC MEMBERS TO RIDE INITIATIVE FOR YOUTH RIDE SAFETY.

$40,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Motorcycle Industry Council Inc has recieved totaling $60,000.

Awarding OrganizationAmount
National Motorcycle Safety Fund

Irvine, CA

PURPOSE: TO ASSIST MIC/FELD ENTERTAINMENT RIDE INITIATIVE EVENTS WITH THE GOAL OF INTRODUCING KIDSAND THEIR FAMILIES TO THE SPORT OF MOTORCYCLING DURING MONSTER JAM PIT PARTIES ACROSS THEU.S

$60,000
View Grant Recipient Profile

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