Lone Star Corvette Club Inc
- Assets
- $79.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Plano, TX
- Founding
- 10/1983
- Data as of
- 12/2023
- EIN
- 75-1886342
Organization Overview
Lone Star Corvette Club Inc is located in Plano, TX. The organization was established in 1983. 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. Lone Star Corvette Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Lone Star Corvette Club Inc generated $69.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $74.3k during the year ending 12/2023. While expenses have increased by 3.5% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3
AFFINITY ORGANIZATION FOR CORVETTE OWNERS AND ADMIRERS AS WELL AS FUNDING NOTABLE INDEPENDENT CHARITIES SUDH AS THE NATIONAL CORVETTE MUSEUM, AND THE GREATER DALLAS VETERANS FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellie Mendez President | 10 | $0 | |
Ken Burks Vice President | 10 | $0 | |
Glenn Jones Treasurer | 4 | $0 | |
John Raiden Financial Officer | 4 | $0 | |
Becky Corbitt Recording Secretary | 4 | $0 | |
Tom Carr Recreational Events | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,000 |
| Total Program Service Revenue | $29,623 |
| Membership dues | $34,360 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $69,201 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $13,500 |
| Other expenses | $59,790 |
| Total expenses | $74,290 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,845 |
| Other assets | $0 |
| Total assets | $79,299 |
| Total liabilities | $9,240 |
| Net assets or fund balances | $70,059 |