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Nonprofiteer
← HOT AUGUST NIGHTS INC

Form 990 for tax year 2024

Filed by HOT AUGUST NIGHTS INC.

Totals

Total revenue
$3,201,931
Total expenses
$3,701,215
Contributions and grants received
$935,248
Grants paid
$0
Program service revenue
$1,854,689
Investment income
$7,368
Other revenue
$404,626
Total assets, end of year
$993,538
Total liabilities, end of year
$697,879
Net assets or fund balances, end of year
$295,659
Program services expenses (Part IX)
$3,458,045
Management and general expenses
$243,170
Fundraising expenses
$0
Program service expenses (Part III)
$3,458,045

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $16,695

  • 1f · All other contributions, gifts and grants

    $918,553

  • 2a · Program service revenue: REGISTRATION

    total $1,114,336 · related or exempt $1,114,336

  • 2b · Program service revenue: HOT AUGUST NIGHT EVENT

    total $406,679 · related or exempt $406,679

  • 2c · Program service revenue: ADMISSIONS

    total $333,674 · related or exempt $333,674

  • 3 · Investment income

    total $7,368 · unrelated business $7,368

  • 10a · Gross sales of inventory

    $656,756

  • 10b · Cost of goods sold

    $252,130

  • 10c · Net income from sales of inventory

    total $404,626 · related or exempt $404,626

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $468,991 · program services $468,991

  • 9 · Other employee benefits

    total $71,436 · management and general $71,436

  • 10 · Payroll taxes

    total $44,965 · program services $44,965

  • 11b · Fees: legal

    total $15,651 · program services $15,651

  • 11g · Fees: other

    total $2,273 · program services $2,273

  • 12 · Advertising and promotion

    total $241,665 · program services $241,665

  • 13 · Office expenses

    total $73,405 · management and general $73,405

  • 16 · Occupancy

    total $42,786 · program services $37,019 · management and general $5,767

  • 20 · Interest

    total $11,252 · management and general $11,252

  • 22 · Depreciation, depletion and amortization

    total $42,850 · program services $42,850

  • 23 · Insurance

    total $84,018 · program services $84,018

  • 24a · Other expenses: EVENT EXPENSES

    total $924,541 · program services $924,541

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $716,247 · program services $716,247

  • 24c · Other expenses: SECURITY

    total $396,010 · program services $396,010

  • 24d · Other expenses: FACILITY RENT

    total $143,095 · program services $143,095

  • 24e · All other expenses

    total $422,030 · program services $340,720 · management and general $81,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,688 · end of year $129,264

  • 2 · Savings and temporary cash investments

    beginning of year $503,563 · end of year $180,644

  • 4 · Accounts receivable

    beginning of year $14,117 · end of year $1,777

  • 8 · Inventories for sale or use

    beginning of year $112,897 · end of year $9,771

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,914 · end of year $21,135

  • 10a · Land, buildings and equipment: cost or other basis

    $1,237,885

  • 10b · Land, buildings and equipment: accumulated depreciation

    $586,938

  • 10c · Land, buildings and equipment, net

    beginning of year $566,823 · end of year $650,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,676 · end of year $178,383

  • 23 · Secured mortgages and notes payable

    end of year $133,566

  • 25 · Other liabilities

    beginning of year $330,825 · end of year $385,930

  • 27 · Net assets without donor restrictions

    beginning of year $795,501 · end of year $295,659

Mission and programs · 2024

Mission

INSPIRE AND STRENGTHEN THE CLASSIC CAR CULTURE AND COMMUNITY

Activities or mission (Part I)

TO GENERATE AND PROMOTE INTEREST IN, AS WELL AS EDUCATE, THE PUBLIC ON HISTORICAL AUTOMOBILES.

  • HOT AUGUST NIGHTS - A UNIQUE ANNUAL EVENT THAT ENCOURAGES AND PROMOTES THE PUBLIC'S INTEREST IN HISTORICAL AUTOMOBILES WHILE BRINGING TOURISM TRADE TO THE COMMUNITY.

    Expenses $3,458,045 · Revenue $2,259,315

As filed on the 2024 return.

Listed in Part VII

  • Randall Thornton

    TREASURER

    Total calculated
    $0
    Hours/week
    10 + 4 related

  • Luis Palacio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Kilian

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Diana Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Lott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 4 related

  • Tim Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Paul Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vic Redding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Deny Dotson

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $111,420
    From this org
    $111,420
    From related orgs
    $0
    Other
    $0
    Hours/week
    60 + 2 related

    Schedule J breakdown matched by us

    Base
    $111,420
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $111,420

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
19 May 2026
IRS schema version
2024v5.5
Source object
202631499349300718

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