Tesla Owners Of Silicon Valley
- Assets
- $115.3k
- Revenue
- $363.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Gatos, CA
- Founding
- Data as of
- 12/2022
- EIN
- 85-2748459
Organization Overview
Tesla Owners Of Silicon Valley is located in Los Gatos, CA. 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. Tesla Owners Of Silicon Valley is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Tesla Owners Of Silicon Valley generated $363.6k in total revenue. All expenses for the organization totaled $274.9k during the year ending 12/2022. While expenses have increased by 110.5% per year over the past 2 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
THE CLUB IS A SOCIAL CLUB ORGANIZED FOR THE PURPOSE OF PROMOTING THE SAFE USE AND ENJOYMENT OF TESLA VEHICLES, FOSTERING INFORMATION EXCHANGE AND FELLOWSHIP BETWEEN ITS MEMBERS, AND PROVIDING EDUCATION REGARDING ELECTRIC VEHICLE-RELATED ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLUB HOSTED TESLA OWNERS CALIFORNIA TAKEOVER, NORTH AMERICA'S LARGEST COMMUNITY-LED EVENT THAT BROUGHT TOGETHER TESLA OWNERS, EV ENTHUSIASTS, AND INDUSTRY EXPERTS TO CELEBRATE THE FUTURE OF ELECTRIC VEHICLES AND THE TESLA BRAND. THERE WERE 1,300+ ATTENDEES TRAVELING FROM CALIFORNIA AND BEYOND TO NETWORK WITH EACH OTHER, ADMIRE STUNNING CAR DISPLAYS, AND LEARN ABOUT THE LATEST ADVANCEMENTS IN EV TECHNOLOGY. ATTENDEES ALSO GOT TO MEET AND HEAR FROM INDUSTRY EXPERTS.
HELD QUARTERLY NEW OWNER ORIENTATION WEBCASTS TO HELP NEW TESLA OWNERS DRIVE AND OPERATE THEIR VEHICLES SAFELY
HOSTED THE FIRST ANNUAL TESLA OWNERS CALIFORNIA TAKEOVER, THE LARGEST OWNERS EVENT IN CALIFORNIA HISTORY FOR 1,000 TESLA OWNERS IN NORTHERN AND SOUTHERN CALIFORNIA TO NETWORK AND HAVE FUN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stringer President | Officer | 30 | $0 |
Kelvin Gee Treasurer | Officer | 20 | $0 |
Tim Chainmungkla Chief Event Officer | Officer | 0 | $0 |
Stephen Pallotta Director Of Business Development | Officer | 20 | $0 |
Raj Balwani Chief Content Officer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,625 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $2,625 |
| Total Program Service Revenue | $360,954 |
| Investment income | $0 |
| 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 | $363,579 |
| 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. | $33,340 |
| 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 | $28,259 |
| Fees for services: Legal | $11,273 |
| 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 | $0 |
| Advertising and promotion | $9,217 |
| Office expenses | $11,552 |
| Information technology | $3,179 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,342 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $124,388 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,799 |
| All other expenses | $18,289 |
| Total functional expenses | $274,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,250 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,250 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $115,250 |
| 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 | $115,250 |