Buccaneer Region Sports Car Club
- Assets
- $2.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Bloomingdale, GA
- Founding
- 07/1990
- Data as of
- 12/2021
- EIN
- 59-1842323
Organization Overview
Buccaneer Region Sports Car Club is located in Bloomingdale, GA. The organization was established in 1990. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Buccaneer Region Sports Car Club employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Buccaneer Region Sports Car Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Buccaneer Region Sports Car Club generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 1.4% 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
PROMOTION OF AMATEUR SPORTS RACING THROUGH MEMBERSHIP IN LOCAL, REGIONAL, AND NATIONAL SPORTS CAR CLUBS. SPONSORSHIP OF VARIOUS RACING EVENTS INCLUDING A RACE DRIVING SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF AMATEUR SPORTS RACING THROUGH MEMBERSHIP IN LOCAL, REGIONAL, AND NATIONAL SPORTS CAR CLUBS. SPONSORSHIP OF VARIOUS RACING EVENTS INCLUDING A RACE DRIVING SCHOOL.
CONTINUED SUPPORT OF CLUB ACTIVITIES BY MAINTAINING A TOP QUALITY RACE TRACK FACILITY WHICH CREATES A POSITIVE SOCIAL ATMOSPHERE FOR THE CLUB WHICH HELPS ATTRACT NEW MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Dennis Asst Reg Exec | OfficerTrustee | 1 | $0 |
Don Johnson Regional Exec | OfficerTrustee | 5 | $0 |
Harvey Lewis Board Member | Trustee | 1 | $0 |
Bob Horansky Member-At-Large | Trustee | 1 | $0 |
Ron Ogletree Board Member | Trustee | 1 | $0 |
Chris Ronson Sr Treasurer | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,500 |
| 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 | $37,500 |
| Total Program Service Revenue | $1,038,691 |
| Investment income | $19,629 |
| 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 | $1,095,820 |
| 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 | $268,716 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,726 |
| Advertising and promotion | $3,251 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,041 |
| Travel | $11,184 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,488 |
| Insurance | $27,296 |
| All other expenses | $125,678 |
| Total functional expenses | $1,075,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,291,882 |
| 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 | $716,111 |
| Investments—publicly traded securities | $161,403 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,169,396 |
| 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 | $821,135 |
| Total liabilities | $821,135 |
| Net assets without donor restrictions | $0 |
| 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 | $1,348,261 |
| Total liabilities and net assets/fund balances | $2,169,396 |
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