Bmw Car Club Of America Inc

Organization Overview

Bmw Car Club Of America Inc is located in Charlotte, NC. The organization was established in 2007. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Bmw Car Club Of America 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, Bmw Car Club Of America Inc generated $360.5k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $325.0k during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE TARHEEL CHAPTER MISSION IS TO ENHANCE MEMBERS OWNERSHIP EXPERIENCE THROUGH SHARED KNOWLEDGE, SOCIAL INTERACTION AND COMMUNITY INVOLVEMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TWO HIGH PERFORMANCE DRIVING SCHOOLS WERE CONDUCTED FOR APPROXIMATLY 300 PEOPLE TO INSTRUCT THEM IN HIGH PERFORMANCE DRIVING AND CAR HANDLING.


OVER TWENTY FIVE CLINICS, SEMINARS, CAR SHOWS AND MEETINGS WERE CONDUCTED FOR APPROXIMATELY 1,000 PEOPLE (MEMBERS AND THE GENERAL PUBLIC) TO INFORM, EDUCATE AND INSTRUCT ON AUTOMOBILE OPERATION, MAINTENANCE, APPRECIATION AND SAFETY.


PUBLISH AND DISTRIBUTED OUR MONTHLY NEWSLETTER TO ALL MEMBERS, PROMOTING OUR ACTIVITIES AND EVENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Bud Boren
Member-At-Large
$0
April Curtis
Vice-President
$0
Karen Seymour
Secretary
$0
Andy Barbee
Treasurer
$0
Kenyata Thomas
Editor
$0
Danny Staley
Custodian
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$14,610
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$14,610
Total Program Service Revenue$345,886
Investment income $0
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 $360,496

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