Sports Car Racing Association Of The Monterey Peninsula
- Assets
- $336.3k
- Revenue
- $513.0k
- Investments
- $0.0
- Employees
- 64
- Location
- Monterey, CA
- Founding
- 01/1959
- Data as of
- 12/2019
- EIN
- 94-1403748
Organization Overview
Sports Car Racing Association Of The Monterey Peninsula is located in Monterey, CA. The organization was established in 1959. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2018, Sports Car Racing Association Of The Monterey Peninsula employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sports Car Racing Association Of The Monterey Peninsula is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Sports Car Racing Association Of The Monterey Peninsula generated $513.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (47.1%) each year. All expenses for the organization totaled $513.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (45.7%) per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT LOCAL CHARITABLE AND NON-PROFIT ORGANIZATIONS AND TO PROMOTE THE ECONOMIC VITALITY OF MONTEREY THROUGH MOTORSPORTS EVENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED SOCIAL WELFARE BY ENCOURAGING, SOLICITING, ORGANIZING, AND PERPETUATINGSPORTS CAR AND MOTORCYCLE RACING IN THE VICINITY OF THE MONTEREY PENINSULA, ANDTHROUGH FINANCIAL CONTRIBUTIONS TO NUMEROUS CIVIC AND CHARITABLE ORGANIZATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gill Campbell VP Events | Officer | 40 | $166,827 |
Tim Mcgrane CEO | Officer | 40 | $138,335 |
Ann W Bixler VP Event Ops | Officer | 40 | $131,347 |
Barry Toepke VP Reunion | Officer | 40 | $120,454 |
Melvyn Record VP Sales & Mkt. | Officer | 40 | $120,161 |
Michael Plitkins Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All Fields Sports Marketing Marketing Consultant | 12/30/18 | $366,390 |
Dennis Mcgoff Outsourced Cfo | 12/30/18 | $129,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $513,000 |
| Statement of Expenses | |
|---|---|
| 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. | $567,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,735,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $185,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $513,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,084 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,263 |
| Total assets | $336,347 |
| 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 | $2,557,134 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,557,134 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,220,787 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Desert Mountain Club Inc Scottsdale, AZ | $166,271,047 | $90,760,793 |
Blackhawk Country Club Danville, CA | $46,780,436 | $25,821,111 |
Arizona Country Club Inc Ingleside Golf Course Phoenix, AZ | $28,519,514 | $16,170,854 |
Peninsula Golf & Country Club San Mateo, CA | $37,014,286 | $17,194,396 |
Tradition Golf Club La Quinta, CA | $47,453,667 | $16,366,705 |
Indian Ridge Country Club Inc Palm Desert, CA | $34,712,749 | $13,063,649 |
Orinda Country Club Orinda, CA | $26,304,081 | $14,413,689 |
Thunderbird Country Club A Corp Rancho Mirage, CA | $22,264,861 | $10,979,612 |
Oahu Country Club Honolulu, HI | $21,871,149 | $11,423,263 |
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |