Sports Car Club Of America Foundation Inc
- Assets
- $335.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Topeka, KS
- Founding
- 04/1987
- Data as of
- 12/2023
- EIN
- 74-2442065
Organization Overview
Sports Car Club Of America Foundation Inc is located in Topeka, KS. The organization was established in 1987. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Sports Car Club Of America Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sports Car Club Of America Foundation Inc generated $155.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $159.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
MEMBER EDUCATION THROUGH CONFERENCES AND SYPOSIUMS. MOTORSPORT SAFETY RESEARCH INSTITUTE PROVIDES OPPORTUNITIES THAT WILL RESEARCH SOUND AND EFFECTIVE WAYS TO ENHANCE PARTICIPANT SAFETY. THE COMMUNITY OUTREACH PROGRAM DEVELOPS AND ENHANCES COLLABORATIVE COMMUNITY PARTNERSHIPS THAT BRING TOGETHER AUTOMOTIVE ENTHUSIASTS AND THE SCCA THROUGH EDUCATION AND COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Jacobs Chairman | 5 | $0 | |
Raleigh Boreen Director | 5 | $0 | |
Arnold Coleman Executive Dir. | 5 | $0 | |
Tere Pulliam Director | 5 | $0 | |
Bob Eddy Director | 5 | $0 | |
Velma Boreen Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $168,062 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7,476 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,176 |
| Other Revenue | $0 |
| Total Revenue | $155,714 |
| 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 | $25,809 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $648 |
| Other expenses | $116,987 |
| Total expenses | $159,944 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $319,637 |
| Other assets | $0 |
| Total assets | $335,684 |
| Total liabilities | $5,079 |
| Net assets or fund balances | $330,605 |
Grants Awarded
Over the last fiscal year, Sports Car Club Of America Foundation Inc has awarded $22,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VET MOTORSPORTS INC | | | $7,500 |
SPORTS CAR CLUB OF AMER INC | | | $15,000 |