Porsche Club Of America Inc

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 12/2023, 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 12/2023, Porsche Club Of America Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $11.6m during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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 67 individual grants totaling $590,046. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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

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 2023.


PCA PANORAMA MAGAZINE: PROVIDES MEMBERS WITH TECHNICAL ADVICE, NEW PRODUCT RELEASES, GENERAL CLUB INFORMATION AND REGION EVENTS TO ENCOURAGE CLUB MEMBERS PARTICIPATION.


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 2023.


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Board, Officers & Key Employees

Name (title)Compensation
Aaron Ambrosino
President
$0
Ronald Gordon
Vice President
$0
Todd Benz
Secretary
$0
Richard Strahota
Treasurer
$0
Thomas A Gorsuch
Past President
$0
Craig Kugler
Executive Vice President
$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$9,175,768
Investment income $109,934
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $849,066
Net Income from Gaming Activities $1,817,254
Net Income from Sales of Inventory $24,705
Miscellaneous Revenue$0
Total Revenue $12,039,558

Grants Awarded

Over the last fiscal year, Porsche Club Of America Inc has awarded $206,888 in support to 24 organizations.

Grant RecipientAmount

PORSCHE CLUB OF AMERICA ARIZONA REGION INC

PURPOSE: SURPLUS FUNDS

$6,596

PORSCHE CLUB OF AMERICA ORANGE COAST REGION

PURPOSE: SURPLUS FUNDS

$7,468

PORSCHE CLUB OF AMERICA LOS ANGELES REGION

PURPOSE: SURPLUS FUNDS

$8,072

LONESTAR REGION PORSCHE CLUB OF AMERICA INC

PURPOSE: SURPLUS FUNDS

$7,560

SUNCOAST REGION PORSCHE CLUB OF AMERICA INC

PURPOSE: SURPLUS FUNDS

$8,432

RIESENTOTER REGION PORSCHE CLUB OF AMERICA

PURPOSE: SURPLUS FUNDS

$7,632
View Grant Profile

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