Porsche Club Of America Inc
- Assets
- $11.2m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Columbia, MD
- Founding
- 06/1958
- Data as of
- 12/2021
- EIN
- 94-1677331
Organization Overview
Porsche Club Of America Inc is located in Columbia, MD. The organization was established in 1958. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Porsche Club Of America Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Porsche 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 12/2021, Porsche Club Of America Inc generated $9.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $9.0m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 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.
Since 2020, Porsche Club Of America Inc has awarded 43 individual grants totaling $383,158. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DISTRIBUTES INFORMATION, HOLDS EVENTS AND PROVIDES A FORUM FOR ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCA PARADE: ANNUAL PARADE (CONVENTION) EVENT PROVIDES MEMBERS A FORUM FOR THE EXCHANGE OF IDEAS, TO COMPARE AUTOMOBILES, PROVIDE AND RECEIVE INFORMATION ABOUT CLUB ACTIVITIES, AUTOMOBILE PRODUCT LINE, AND RELATED MATTERS. THERE WERE OVER 1,500 PARTICIPANT ATTENDEES FOR PARADE 2021.
PCA PANORAMA MAGAZINE: PROVIDES MEMBERS WITH TECHNICAL ADVICE, NEW PRODUCT RELEASES, GENERAL CLUB INFORMATION AND REGION EVENTS TO ENCOURAGE CLUB MEMBERS PARTICIPATION.
CLUB RACING: THE ORGANIZATION SPONSORS RACES WHICH PROVIDE MEMBERS AN ADDITIONAL FORUM FOR AN EXCHANGE OF IDEAS, AUTOMOBILE TESTING, AND INFORMATION. THE EVENTS ARE OPEN TO ALL MEMBERS. THERE WERE OVER 1,000 PARTICIPANTS IN THE RACES IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vu Nguyen Executive Director | Officer | 40 | $191,432 |
Robert Sass Panorama Editor | 40 | $177,279 | |
Ellen Denise Hovington Director Of Finance | Officer | 40 | $109,985 |
Thomas A Gorsuch President | OfficerTrustee | 30 | $0 |
Aaron Ambrosino Vice President | OfficerTrustee | 30 | $0 |
Todd Benz Secretary | OfficerTrustee | 30 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,588,885 |
| Investment income | $75,503 |
| 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 | $1,666,106 |
| Net Income from Sales of Inventory | -$10,269 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,468,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $352,160 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $25,228 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $310,410 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,401,339 |
| Pension plan accruals and contributions | $7,674 |
| Other employee benefits | $36,041 |
| Payroll taxes | $99,233 |
| 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 | $366,158 |
| Advertising and promotion | $539,985 |
| Office expenses | $105,606 |
| Information technology | $200,692 |
| Royalties | $0 |
| Occupancy | $41,885 |
| Travel | $591,035 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,815 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,529 |
| Insurance | $279,400 |
| All other expenses | $966,748 |
| Total functional expenses | $8,998,927 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,785,898 |
| Savings and temporary cash investments | $688,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,282 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $65,040 |
| Prepaid expenses and deferred charges | $372,009 |
| Net Land, buildings, and equipment | $1,096,569 |
| Investments—publicly traded securities | $4,974,302 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,168,170 |
| Accounts payable and accrued expenses | $2,130,063 |
| 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 | $3,356,784 |
| Total liabilities | $5,486,847 |
| Net assets without donor restrictions | $5,681,323 |
| 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 | $11,168,170 |
Grants Awarded
Over the last fiscal year, Porsche Club Of America Inc has awarded $169,248 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
Woodbridge, VA PURPOSE: SURPLUS FUNDS | $11,184 |
Seattle, WA PURPOSE: SURPLUS FUNDS | $9,940 |
Chicago, IL PURPOSE: SURPLUS FUNDS | $9,632 |
San Mateo, CA PURPOSE: SURPLUS FUNDS | $9,612 |
Dallas, TX PURPOSE: SURPLUS FUNDS | $9,520 |
Clifton, NJ PURPOSE: SURPLUS FUNDS | $9,464 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Farmington Country Club Inc Charlottesville, VA | $52,436,644 | $25,257,129 |
Saucon Valley Country Club Bethlehem, PA | $67,852,931 | $24,203,066 |
Columbia Country Club Chevy Chase, MD | $51,891,404 | $22,067,092 |
Washington Golf And Country Club Inc Arlington, VA | $48,455,931 | $21,067,505 |
Philadelphia Cricket Club Philadelphia, PA | $37,903,760 | $20,280,729 |
Rolling Rock Club Ligonier, PA | $40,965,761 | $18,300,601 |
Delta Sigma Theta Sorority Inc Washington, DC | $54,155,945 | $17,762,087 |
Wilmington Country Club Wilmington, DE | $36,588,269 | $16,899,345 |
River Bend Golf & Country Club Inc Great Falls, VA | $31,856,555 | $12,190,244 |
Philadelphia Country Club Gladwyne, PA | $32,330,060 | $13,976,423 |
Merion Golf Club Ardmore, PA | $47,289,704 | $14,329,733 |
Merion Cricket Club Haverford, PA | $51,258,941 | $16,918,678 |