Ncrs Inc
- Assets
- $1.5m
- Revenue
- $912.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Penn Valley, CA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 34-2124645
Organization Overview
Ncrs Inc is located in Penn Valley, CA. The organization was established in 1994. 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, Ncrs Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncrs 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, Ncrs Inc generated $912.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $956.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.3%) 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
TO PROVIDE ITS MEMBERS WITH A MEDIUM TO EXCHANGE IDEAS, INFORMATION AND PARTS FOR THE RESTORATION OF CORVETTE AND OTHER GENERAL MOTORS AUTOMOBILES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ITS MEMBERS WITH A MEDIUM TO EXCHANGE IDEAS, INFORMATION AND PARTS FOR THE RESTORATION OF CORVETTE AND OTHER GENERAL MOTORS AUTOMOBILES.
TO PROVIDE ITS MEMBERS WITH A MEDIUM TO EXCHANGE IDEAS, INFORMATION AND PARTS FOR THE RESTORATION OF CORVETTE AND OTHER GENERAL MOTORS AUTOMOBILES.
TO DEVELOP A PROGRAM WHICH ALLOWS THE NATIONAL CORVETTE RESTORERS SOCIETY TO SHOW ITS CONCERN FOR HUMANITY
TO DEVELOP A PROGRAM WHICH ALLOWS THE NATIONAL CORVETTE RESTORERS SOCIETY TO SHOW ITS CONCERN FOR HUMANITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Ballard Director | Trustee | 3 | $0 |
Mark Tulley Vice President | OfficerTrustee | 7 | $0 |
Mike Ingham Director | Trustee | 3 | $0 |
Shannon Urton President | OfficerTrustee | 15 | $0 |
Bob Johansen Director | Trustee | 3 | $0 |
Rick Coker Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $596,562 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $566 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $597,128 |
| Total Program Service Revenue | $305,300 |
| Investment income | $9,061 |
| 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 | $488 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,977 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,802 |
| 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. | $59,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $257,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,418 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,716 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,506 |
| Office expenses | $23,605 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,087 |
| 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 | $3,391 |
| Insurance | $24,851 |
| All other expenses | $140,305 |
| Total functional expenses | $956,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $591,399 |
| Savings and temporary cash investments | $769,471 |
| 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 | $87,591 |
| Prepaid expenses and deferred charges | $250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,905 |
| Other assets | $34,391 |
| Total assets | $1,487,007 |
| Accounts payable and accrued expenses | $1,561 |
| Grants payable | $0 |
| Deferred revenue | $17,824 |
| 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 | $19,385 |
| Net assets without donor restrictions | $1,467,622 |
| 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 | $1,487,007 |