First Settlers Region Porsche Club Of America Inc
- Assets
- $144.6k
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 05/2012
- Data as of
- 12/2021
- 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 12/2021, First Settlers Region Porsche Club Of America Inc generated $214.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $144.3k during the year ending 12/2021. While expenses have increased by 1.7% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
1. TO PROMOTE THE HIGHEST STANDARDS OF COURTESY AND SAFETY ON THE ROADS. 2. TO ENJOY AND SHARE GOODWILL AND FELLOWSHIP ENGENDERED BY OWNING A PORSCHE AND ENGAGE IN SUCH SOCIAL OR OTHER EVENTS AS MAY BE AGREEABLE TO THE MEMBERSHIP. 3. TO MAINTAIN THE HIGHEST STANDARDS OF OPERATION AND PERFORMANCE OF THE MARQUE BY SHARING AND EXCHANGING TECHNICAL AND MECHANICAL INFORMATION. 4. TO ESTABLISH AND MAINTAIN MUTUALLY BENEFICIAL RELATIONSHIPS WITH PORSCHE WORKS, PORSCHE DEALERS AND OTHER SERVICES AND TO PROMOTE THE CAR'S UNIQUE LEADERSHIP POSITION IN THE SPORTS CAR ANNALS. 5. TO PROMOTE THE INTERCHANGE OF IDEAS AND SUGGESTIONS WITH OTHER PORSCHE CLUBS THROUGHOUT THE WORLD. 6. TO ESTABLISH MUTUALLY COOPERATIVE RELATIONSHIPS WITH OTHER SPORTS CAR CLUBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZED AND CONDUCTED DRIVER EDUCATION EVENTS TO DEVELOP AND IMPROVE MEMBER DRIVING SKILLS.
SUPPORTED CHARITABLE ORGANIZATIONS BY COLLECTING DONATIONS FROM MEMBERS DURING DRIVER EDUCATION EVENTS AND MONTHLY MEETINGS.
PUBLISHED SEMI-ANNUAL NEWSLETTERS TO INFORM MEMBERS ABOUT LOCAL AND NATIONAL EVENTS AND FURTHER MEMBER EDUCATION.
COMMUNITY EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Apotheker President | OfficerTrustee | 2 | $0 |
John Greene Secretary | OfficerTrustee | 2 | $0 |
Jerry Kent Treasurer | OfficerTrustee | 2 | $0 |
Michael Ball Vice President | OfficerTrustee | 2 | $0 |
Jim Hamel Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,991 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,991 |
| Total Program Service Revenue | $212,516 |
| 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 | $214,507 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $150 |
| Fees for services: Accounting | $900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,021 |
| Office expenses | $1,238 |
| Information technology | $1,200 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $100 |
| Total functional expenses | $144,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,596 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $144,596 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $144,596 |
| 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 | $144,596 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recreational Boating And Fishing Foundation Alexandria, VA | $1,596,637 | $14,302,457 |
Aopa Foundation Frederick, MD | $41,979,653 | $10,384,598 |
Safety Equipment Institute Mclean, VA | $3,866,631 | $5,093,632 |
Chesapeake Region Safety Council Inc Windsor Mill, MD | $1,688,026 | $5,136,301 |
Americans For Carbon Dividends Inc Washington, DC | $5,055,754 | $2,851,324 |
Boat Us Foundation Annapolis, MD | $2,787,236 | $3,240,469 |
Flight Safety Foundation Inc Alexandria, VA | $3,531,593 | $3,156,585 |
National Center For Healthy Housing Inc Columbia, MD | $1,040,188 | $2,049,917 |
Danville Area Training Center Inc Danville, VA | $966,057 | $2,354,656 |
International Safety Equipment Association Arlington, VA | $3,445,033 | $2,156,842 |
Institute Of Makers Of Explosives Washington, DC | $1,377,958 | $1,262,584 |
Drive Smart Virginia Inc Richmond, VA | $858,048 | $938,768 |