United States Auto Club Inc
- Assets
- $12.0m
- Revenue
- $12.9m
- Investments
- $156.9k
- Employees
- 26
- Location
- Speedway, IN
- Founding
- 03/1960
- Data as of
- 11/2023
- EIN
- 35-0970338
Organization Overview
United States Auto Club Inc is located in Speedway, IN. The organization was established in 1960. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2023, United States Auto Club Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Auto Club 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 11/2023, United States Auto Club Inc generated $12.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $11.8m during the year ending 11/2023. While expenses have increased by 9.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE HIGHEST QUALITY RACING EVENTS, AT THE BEST POSSIBLE VENUES, OFFICIATED AND DIRECTED WITH MAXIMUM INTEGRITY AND FAIRNESS. ASSUME A LEADERSHIP POSITION IN OFFERING THE MOST THRILLING MOTORSPORTS COMPETITION IN THE SAFEST ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ORGANIZE RACING ACTIVITIES IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Stoops Chairman Of The Board | OfficerTrustee | 1 | $0 |
Pete Morse Treasurer & Executive Comm | OfficerTrustee | 0.5 | $0 |
Brett Frood Executive Committee | Trustee | 0.5 | $0 |
Doug Boles Director | Trustee | 0.5 | $0 |
Tony Orlando Executive Committee | Trustee | 0.5 | $0 |
Mark Kvamme Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,085,310 |
| 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 | $3,085,310 |
| Total Program Service Revenue | $9,651,859 |
| Investment income | $95,363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$38,136 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,939,059 |
| 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. | $391,582 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,379,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $125,444 |
| Payroll taxes | $151,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $278,089 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,419 |
| Fees for services: Other | $39,819 |
| Advertising and promotion | $141,863 |
| Office expenses | $96,707 |
| Information technology | $480 |
| Royalties | $0 |
| Occupancy | $1,018,276 |
| Travel | $1,455,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,023 |
| Interest | $37,765 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $293,693 |
| Insurance | $795,234 |
| All other expenses | $515,656 |
| Total functional expenses | $11,793,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,044,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,521,336 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,093,924 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $338,170 |
| Net Land, buildings, and equipment | $2,789,746 |
| Investments—publicly traded securities | $2,924,980 |
| Investments—other securities | $156,936 |
| Investments—program-related | $0 |
| Intangible assets | $150,000 |
| Other assets | $0 |
| Total assets | $12,019,223 |
| Accounts payable and accrued expenses | $1,298,500 |
| Grants payable | $0 |
| Deferred revenue | $617,552 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $100,506 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,597,144 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,421,344 |
| Total liabilities | $6,035,046 |
| Net assets without donor restrictions | $5,984,177 |
| 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 | $12,019,223 |