First Settlers Region Porsche Club Of America Inc
- Assets
- $132.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 05/2012
- Data as of
- 12/2022
- EIN
- 54-1661341
Organization Overview
First Settlers Region Porsche Club Of America Inc is located in Virginia Beach, VA. The organization was established in 2012. According to its NTEE Classification (M40) the organization is classified as: Safety Education, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Settlers Region Porsche Club Of America Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, First Settlers Region Porsche Club Of America Inc generated $177.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $189.5k during the year ending 12/2022. While expenses have increased by 5.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZED AND CONDUCTED DRIVER EDUCATION EVENTS TO DEVELOP AND IMPRORVE MEMBER DRIVING SKILLS. SUPPORTED CHARITABLE ORGANIZATIONS BY VOLUNTEERING AND COLLECTING MEMBER DONATIONS TO SPONSOR HORIZON HAMPTON ROADS 6-WEEK SUMMER EDUCATIONAL ENRICHMENT PROGRAM FOR 370 LOW-INCOME PUBLIC SCHOOL STUDENTS, FOODBANK OF SOUTHEASTERN VIRGINIA AND HABITAT FOR HUMANITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Apotheker President | 3 | $0 | |
Jim Hamel Vice President | 3 | $0 | |
Michael Ball Vice President | 3 | $0 | |
John Greene Secretary | 3 | $0 | |
Jerry Kent Treasurer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,363 |
| Total Program Service Revenue | $157,853 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $177,216 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $12,737 |
| Other expenses | $175,147 |
| Total expenses | $189,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $132,278 |
| Other assets | $0 |
| Total assets | $132,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $132,278 |