Motorcycle Industry Council Inc
- Assets
- $9.2m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Irvine, CA
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 31-4394320
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 12/2022, 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 12/2022, Motorcycle Industry Council Inc generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 8 years. 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
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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Brooks Chair Of The Board | OfficerTrustee | 1 | $0 |
Tim Calhoun Director | Trustee | 1 | $0 |
Kerry Graeber Director | Trustee | 1 | $0 |
Jeff Brown Director | Trustee | 1 | $0 |
Jeff Proctor Director | Trustee | 1 | $0 |
Joey Lindahl Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipsos Insight Llc Data Analysis | 12/30/18 | $171,988 |
The Irvine Company Office Rent | 12/30/18 | $454,473 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $726,865 |
| 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 | $726,865 |
| Total Program Service Revenue | $5,735,542 |
| Investment income | $585 |
| 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 | $6,647,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $124,800 |
| 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. | $1,256,273 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $953,242 |
| Pension plan accruals and contributions | $44,745 |
| Other employee benefits | $270,149 |
| Payroll taxes | $145,574 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,247 |
| Fees for services: Accounting | $30,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $874,371 |
| Advertising and promotion | $447,486 |
| Office expenses | $71,752 |
| Information technology | $225,603 |
| Royalties | $0 |
| Occupancy | $81,276 |
| Travel | $133,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $428,286 |
| Interest | $47,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $297,682 |
| Insurance | $89,344 |
| All other expenses | $19,851 |
| Total functional expenses | $5,639,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,033,630 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $217,222 |
| 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 | $257,577 |
| Net Land, buildings, and equipment | $354,678 |
| Investments—publicly traded securities | $138,090 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,764,717 |
| Other assets | $388,938 |
| Total assets | $9,154,852 |
| Accounts payable and accrued expenses | $616,720 |
| Grants payable | $0 |
| Deferred revenue | $1,533,851 |
| 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 | $2,236,328 |
| Total liabilities | $4,386,899 |
| Net assets without donor restrictions | $4,767,953 |
| 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 | $9,154,852 |
Grants Awarded
Over the last fiscal year, Motorcycle Industry Council Inc has awarded $144,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL OFF-HIGHWAY VEHICLE CONSERVATION COUNCIL (NOHVCC) 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 PURPOSE: INDUSTRY COLLABERATION GRANT FROM MIC MEMBERS TO RIDE INITIATIVE FOR YOUTH RIDE SAFETY. | $40,000 |