Multnomah Hot Rod Council Inc
- Assets
- $243.6k
- Revenue
- $277.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 12/2014
- Data as of
- 05/2024
- EIN
- 93-0555329
Organization Overview
Multnomah Hot Rod Council Inc is located in Portland, OR. The organization was established in 2014. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multnomah Hot Rod Council 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 05/2024, Multnomah Hot Rod Council Inc generated $277.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $245.7k during the year ending 05/2024. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 9 years. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MULTNOMAH HOT ROD COUNCIL IS A NONPROFIT ORGANIZATION FOUNDED IN 1954 FOR PROMOTING THE AUTOMOTIVE HOBBY IN A SAFE AND ENJOYABLE ENVIRONMENT. WE EDUCATE THE PUBLIC AS TO MOTORING SAFETY, SUPPORT CHARITABLE AND COMMUNITY EVENTS WITHIN OR OTHERWISE RELATED TO THE AUTOMOTIVE COMMUNITY AND PROJECT A POSITIVE IMAGE OF AUTOMOTIVE ENTHUSIASTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MULTNOMAH HOT ROD COUNCIL PUTS ON AN ANNUAL EVENT, THE PORTLAND ROADSTER SHOW WHERE VEHICLES ARE DISPLAYED AND JUDGED. AVERAGE ATTENDANCE EXCEEDS 30,000. THE PORTLAND ROADSTER SHOW ALLOWS CHARITIES, SUCH AS THE KYRON HORMAN FOUNDATION, AMERICAN CANCER SOCIETY, THE DIABETES FOUNDATION AND OTHERS, TO BE A PART OF THE SHOW AT NO COST AS A SERVICE TO THE COMMUNITY.
THE MULTNOMAH HOT ROD COUNCIL AWARDS AUTOMOTIVE SCHOLARSHIPS TO STUDENTS IN HIGH SCHOOL AND COMMUNITY COLLEGES IN THE PORTLAND AND SOUTHWEST WASHINGTON AREA, CONTRIBUTES TO THE RANDALL LEGACY EMANUEL HOSPITAL FOR KIDS WITH CANCER, THE RONALD MCDONALD HOUSE AND IS A SPONSOR OF THE MISS OREGON ORGANIZATION FOR YOUNG WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Fakler Vice President | OfficerTrustee | 35 | $0 |
Mike Itel President | OfficerTrustee | 10 | $0 |
Mark Magionos Secretary | OfficerTrustee | 10 | $0 |
Chuck Butler Treasurer | OfficerTrustee | 25 | $0 |
Phil Mitchell Sgt At Arms | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,955 |
| Total Program Service Revenue | $268,806 |
| Investment income | $4 |
| 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 | $277,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,658 |
| 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 | $0 |
| 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 | $1,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $291 |
| Advertising and promotion | $1,769 |
| Office expenses | $3,861 |
| Information technology | $26 |
| Royalties | $0 |
| Occupancy | $61,010 |
| Travel | $13,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,355 |
| All other expenses | $22,593 |
| Total functional expenses | $245,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $227,423 |
| Savings and temporary cash investments | $16,159 |
| 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 | $243,582 |
| 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 | $243,582 |
| 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 | $243,582 |