Form 990 for tax year 2023

Totals

Total revenue

$487,025

Total expenses

$487,461

Contributions and grants received

$3,625

Grants paid

$15,000

Program service revenue

$464,166

Investment income

$16,236

Other revenue

$2,998

Total assets, end of year

$420,491

Total liabilities, end of year

$11,181

Net assets or fund balances, end of year

$409,310

Program services expenses (Part IX)

$472,595

Management and general expenses

$14,866

Fundraising expenses

$0

Program service expenses (Part III)

$472,595

Program services were 97.0% 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.

Mission and programs · 2023

• The Organization conducts numerous track and driving activities as outlined below:(1) Porsche Club race is an annual event held at Road Atlanta Speedway. The activity includes sprint races and 90-minute "Peachstate 225 Endurance Races." Additionally, we offer driver education classes to both members and the public. Our goal is to increase awareness of driver safety standards through education and training. This program provides a safe and structured environment for participants to experience high-speed driving, which helps to create better and safer drivers. (2) Autocross is an affordable and enjoyable way to participate in competitive motorsports. Additionally, it is one of the safest and most controlled environments to learn car control. (3) Tours are social events mixed with group driving to interesting destinations. Tours are non-competitive events meant to be fun for everyone in the family. We visit museums, wineries, good restaurants, car collections, state parks, and occasionally even a race track.(4) Participants in the Concours event are judged based on their Porsche's cleanliness and originality. Points are awarded or deducted based on the class they have registered for. (5) Rennfest is a weekend event for members to relax and socialize with other members. The weekend includes a welcoming hospitality social, social lunches and dinners. We also conduct various driving events including autocross, driving tours and concours.

  Expenses $472,595 · Grants $15,000 · Revenue $453,522

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• Atlanta Community Food Bank

  $5,000

  General Support for the Organization.

• Tommy Nobis Center

  $5,000

  General Support for the Organization.

• Second Wind Dreams

  $5,000

  General Support for the Organization.

Provenance

Return type

form_990

Tax year

2023

Filed

7 February 2025

IRS schema version

2023v6.0

Source object

202540449349301939

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