Bmw Classic Car Club Of America Inc
- Assets
- $87.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-3388417
Organization Overview
Bmw Classic Car Club Of America Inc is located in Coral Gables, FL. The organization was established in 2017. 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. Bmw Classic Car Club Of America 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, Bmw Classic Car Club Of America Inc generated $43.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.7%) each year. All expenses for the organization totaled $40.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.1%) per year over the past 7 years. 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
THE CLUB ISSUES A QUARTERLY NEWSLETTER WHICH PROVIDES VALUABLE INFORMATION AND RESOURCES TO OWNERS AND OTHERS WHO ARE INTERESTED IN THE PRESERVATION, RESTORATION AND USE OF CLASSIC BMW AUTOMOBILES. THE CLUB ALSO SPONSORS SEVERAL AUTOMOBILE EVENTS DURING THE YEAR AND ENCOURAGES ALL MEMBERS TO PARTICIPATE IN ORDER TO PROMOTE THE USE OF THE VEHICLES AND TO FOSTER SOCIAL CONTACTS AMONG THE MEMBERS AND THE PUBLIC. THESE EVENTS ALSO SERVE TO EDUCATE THE PUBLIC ABOUT CLASSIC BMW AUTOMOBILES. THIS CLUB PLAYS A VITAL ROLE IN THE PRESERVATION OF CLASSIC BMW AUTOMOBILES WITH ITS ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dirk DE Groen President | 20 | $0 | |
David Lowen Treasurer | 2 | $0 | |
Eric Zagrocki Secretary | 2 | $0 | |
Andrew Wilson Director East | 2 | $0 | |
Chris Macha Director West | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105 |
| Total Program Service Revenue | $8,451 |
| Membership dues | $26,485 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9,100 |
| Total Revenue | $43,311 |
| 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 | $27,939 |
| Other expenses | $12,597 |
| Total expenses | $40,536 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,051 |
| Other assets | $0 |
| Total assets | $87,156 |
| Total liabilities | $26,245 |
| Net assets or fund balances | $60,911 |