Porsche Club Of America Peachstate Region Inc
- Assets
- $423.1k
- Revenue
- $433.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dunwoody, GA
- Founding
- 12/2001
- Data as of
- 12/2022
- EIN
- 58-1915423
Organization Overview
Porsche Club Of America Peachstate Region Inc is located in Dunwoody, GA. The organization was established in 2001. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porsche Club Of America Peachstate Region 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, Porsche Club Of America Peachstate Region Inc generated $433.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $433.1k during the year ending 12/2022. While expenses have increased by 3.5% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CATER TO THE PARTICULAR NEEDS AND INTERESTS OF THE PORSCHE OWNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONDUCTS NUMEROUS TRACK AND DRIVING ACTIVITIES AS OUTLINED BELOW:(1) PORSCHE CLUB RACE IS AN ANNUAL EVENT HELD AT ROAD ATLANTA SPEEDWAY. THE ACTIVITY INCLUDES SPRINT RACES AND 90-MINUTE "PEACHSTATE 225 ENDURANCE RACES." ADDITIONALLY, WE OFFER DRIVER EDUCATION CLASSES TO BOTH MEMBERS AND THE PUBLIC. OUR GOAL IS TO INCREASE AWARENESS OF DRIVER SAFETY STANDARDS THROUGH EDUCATION AND TRAINING. THIS PROGRAM PROVIDES A SAFE AND STRUCTURED ENVIRONMENT FOR PARTICIPANTS TO EXPERIENCE HIGH-SPEED DRIVING, WHICH HELPS TO CREATE BETTER AND SAFER DRIVERS. (2) AUTOCROSS IS AN AFFORDABLE AND ENJOYABLE WAY TO PARTICIPATE IN COMPETITIVE MOTORSPORTS. ADDITIONALLY, IT IS ONE OF THE SAFEST AND MOST CONTROLLED ENVIRONMENTS TO LEARN CAR CONTROL. (3) TOURS ARE SOCIAL EVENTS MIXED WITH GROUP DRIVING TO INTERESTING DESTINATIONS. TOURS ARE NON-COMPETITIVE EVENTS MEANT TO BE FUN FOR EVERYONE IN THE FAMILY. WE VISIT MUSEUMS, WINERIES, GOOD RESTAURANTS, CAR COLLECTIONS, STATE PARKS, AND OCCASIONALLY EVEN A RACE TRACK.(4) PARTICIPANTS IN THE CONCOURS EVENT ARE JUDGED BASED ON THEIR PORSCHE'S CLEANLINESS AND ORIGINALITY. POINTS ARE AWARDED OR DEDUCTED BASED ON THE CLASS THEY HAVE REGISTERED FOR. (5) RENNFEST IS A WEEKEND EVENT FOR MEMBERS TO RELAX AND SOCIALIZE WITH OTHER MEMBERS. THE WEEKEND INCLUDES A WELCOMING HOSPITALITY SOCIAL, SOCIAL LUNCHES AND DINNERS. WE ALSO CONDUCT VARIOUS DRIVING EVENTS INCLUDING AUTOCROSS, DRIVING TOURS AND CONCOURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Ellsom President | OfficerTrustee | 20 | $0 |
Sherry Knuth Vice President | OfficerTrustee | 20 | $0 |
Andrew Douglas Past President | OfficerTrustee | 20 | $0 |
Robert Schultz Treasurer | OfficerTrustee | 20 | $0 |
Joe Baker Secretary | OfficerTrustee | 20 | $0 |
Martin Najbrt Autocross Chair | Trustee | 10 | $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 | $4,543 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,543 |
| Total Program Service Revenue | $426,554 |
| Investment income | $815 |
| 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 | $433,573 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $6,410 |
| 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 | $0 |
| Fees for services: Accounting | $1,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $24,504 |
| Information technology | $0 |
| 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 | $338,935 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $36,277 |
| Total functional expenses | $433,116 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,848 |
| Savings and temporary cash investments | $388,270 |
| 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 | $423,118 |
| 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 | $13,372 |
| Total liabilities | $13,372 |
| Net assets without donor restrictions | $409,746 |
| 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 | $423,118 |