Early Ford V8 Club Of America
- Assets
- $960.6k
- Revenue
- $380.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Maple Grove, MN
- Founding
- Data as of
- 12/2023
- EIN
- 94-3197080
Organization Overview
Early Ford V8 Club Of America is located in Maple Grove, MN. Early Ford V8 Club Of America 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, Early Ford V8 Club Of America generated $380.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $390.4k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL FORD V8 CLUB IS AN ANTIQUE CAR CLUB THAT PUBLISHES A BI-MONTHLY MAGAZINE, AND SPONSORS CAR SHOWS AND EVENTS FOR SHOWING AND JUDGING CLUB RELATED VEHICLES. IT ALSO PRODUCES AND SELLS TO MEMBERS RESTORATION MANUALS AND VARIOUS ACCESSORIES RELATED TO THE CLUB'S VEHICLES. THE CLUB SUPPORTS FORD PRODUCTS MANUFACTURED FROM 1932-1953. THE CLUB HAS NO EMPLOYEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATION OF A SEMI-MONTHLY MAGAZINE, "V-8 TIMES", WHICH INCLUDES ARTICLES ABOUT THE HISTORY, RESTORATION, AND MAINTENANCE OF 1932-1953 FORD, MERCURY, AND LINCOLN MOTOR CARS. PUBLICATION OF AN ANNUAL MEMBERSHIP ROSTER LISTING THE 7,734 MEMBERS WORLDWIDE WITH CONTACT INFORMATION.
THE CONDUCT OF ANNUAL NATIONAL MEETS FOR THE PURPOSE OF JUDGING AND DISPLAYING ORIGINAL, RESTORED, AND TOURING CLASS VEHICLES. NORMALLY THREE ANNUAL MEETS ARE HELD, ONE EACH IN THE WESTERN, CENTRAL, AND EASTERN REGIONS OF THE US, EACH ATTRACTING BETWEEN 150 AND 300 MEMBERS. IN 2023, THE CLUB HOSTED A GRAND NATIONAL MEET.
SALE OF BOOKS WRITTEN BY MEMBERS ON TECHNICALLY CORRECT RESTORATION OF THESE CARS AND ACCESSORIES RELATED TO THE HOBBY. CURRENTLY, THERE ARE 15 BOOKS, 24 ACCESSORIES AND BACK ISSUES OF THE "V-8 TIMES" OFFERED THROUGH THE CLUB'S ONLINE STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Hall President & Director | OfficerTrustee | 1 | $0 |
John Emmering Secretary & Director | OfficerTrustee | 1 | $0 |
Joseph Valentino Director & Audit Chairman | Trustee | 1 | $0 |
Dave Gunnarson Director | Trustee | 1 | $0 |
David Collette Director | Trustee | 1 | $0 |
Dan Castellini Director | Trustee | 1 | $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 | $335,651 |
| Investment income | $10,713 |
| 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 | $17,258 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,814 |
| 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. | $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 | $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 | $2,149 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,183 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,394 |
| All other expenses | $35,560 |
| Total functional expenses | $390,406 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,111 |
| Savings and temporary cash investments | $713,763 |
| 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 | $11,000 |
| Inventories for sale or use | $121,770 |
| 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 | $960,644 |
| Accounts payable and accrued expenses | $4,263 |
| 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 | $4,263 |
| Net assets without donor restrictions | $956,381 |
| 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 | $960,644 |