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Nonprofiteer
← BMW CAR CLUB OF AMERICA INC

Form 990 for tax year 2022

Filed by BMW CAR CLUB OF AMERICA INC.

Totals

Total revenue
$5,441,837
Total expenses
$6,026,284
Contributions and grants received
$0
Grants paid
$14,929
Program service revenue
$3,466,452
Investment income
$5,589
Other revenue
$1,969,796
Total assets, end of year
$4,727,624
Total liabilities, end of year
$3,946,194
Net assets or fund balances, end of year
$781,430
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $2,892,589 · related or exempt $2,892,589

  • 2b · Program service revenue: MEMBER EVENTS

    total $549,099 · related or exempt $549,099

  • 2c · Program service revenue: MEMBER REPRINTS/REIMBURSEMENTS

    total $24,764 · related or exempt $24,764

  • 3 · Investment income

    total $5,604 · unrelated business $5,604

  • 5 · Royalties

    total $276 · unrelated business $276

  • 6a · Gross rents

    real property $44,700

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $44,700

  • 6d · Net rental income or loss

    total $44,700 · excluded $44,700

  • 7b · Less cost or other basis and sales expenses

    securities $15

  • 7c · Gain or loss

    securities -$15

  • 7d · Net gain or loss

    total -$15 · excluded -$15

  • 9a · Gaming: gross income

    $1,020,325

  • 9b · Gaming: direct expenses

    $476,067

  • 9c · Net income from gaming

    total $544,258 · excluded $544,258

  • 10a · Gross sales of inventory

    $186,140

  • 10b · Cost of goods sold

    $125,057

  • 10c · Net income from sales of inventory

    total $61,083 · related or exempt $61,083

  • 11a · Other revenue: ROUNDEL ADVERTISING

    total $541,910 · unrelated business $541,910

  • 11b · Other revenue: SPONSORSHIP REVENUE

    total $407,780 · unrelated business $407,780

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $365,789 · related or exempt $365,789

  • 11d · All other revenue

    total $4,000 · unrelated business $4,000

  • 11e · Other revenue, total

    $1,319,479

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,929

  • 5 · Compensation of officers, directors and key employees

    total $504,788

  • 7 · Other salaries and wages

    total $683,851

  • 8 · Pension plan contributions

    total $41,564

  • 9 · Other employee benefits

    total $214,974

  • 10 · Payroll taxes

    total $96,768

  • 11b · Fees: legal

    total $8,696

  • 11c · Fees: accounting

    total $12,358

  • 11g · Fees: other

    total $704,605

  • 12 · Advertising and promotion

    total $5,481

  • 13 · Office expenses

    total $1,313,915

  • 14 · Information technology

    total $10,779

  • 16 · Occupancy

    total $66,064

  • 17 · Travel

    total $96,521

  • 19 · Conferences, conventions and meetings

    total $116,795

  • 22 · Depreciation, depletion and amortization

    total $138,210

  • 23 · Insurance

    total $19,598

  • 24a · Other expenses: EVENT EXPENSES

    total $1,094,370

  • 24b · Other expenses: CHAPTER MEMBERSHIP REBA

    total $866,494

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $15,524

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,232,200 · end of year $1,314,731

  • 2 · Savings and temporary cash investments

    beginning of year $677,986 · end of year $679,549

  • 4 · Accounts receivable

    beginning of year -$34,145 · end of year $73,962

  • 7 · Other notes and loans receivable

    beginning of year $49,655 · end of year $43,954

  • 8 · Inventories for sale or use

    beginning of year $141,015 · end of year $201,268

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,932 · end of year $134,556

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

    $2,815,086

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

    $629,997

  • 10c · Land, buildings and equipment, net

    beginning of year $2,251,134 · end of year $2,185,089

  • 11 · Investments: publicly traded securities

    beginning of year $96,147 · end of year $93,015

  • 15 · Other assets

    beginning of year $2,700 · end of year $1,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $206,017 · end of year $140,278

  • 19 · Deferred revenue

    beginning of year $3,896,414 · end of year $3,786,591

  • 25 · Other liabilities

    beginning of year $8,122 · end of year $19,325

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,378,071 · end of year $781,430

Mission and programs · 2022

Mission

THE MISSION OF BMW CAR CLUB OF AMERICA, INC. IS TO PROVIDE A VARIETY OF ACTIVITIES, EVENTS, AND PUBLICATIONS DESIGNED TO HELP APPROXIMATELY 70,000 MEMBERS LEARN ABOUT, MAINTAIN, DRIVE & ENJOY THEIR BMW.

Activities or mission (Part I)

TO PROMOTE SOCIAL INTERACTION AMONG BMW CAR CLUB MEMBERS

  • THE ORGANIZATION'S NATIONAL OFFICE BUDGETS AND COORDINATES OKTOBERFEST EACH YEAR. OKTOBERFEST IS A WEEK-LONG EVENT THAT INCLUDES DRIVING EVENTS, CLUB RACES, AND SOCIAL FUNCTIONS FOR PARTICIPATING MEMBERS. THE NATIONAL OFFICE HOSTS THE NEWSLETTER EDITOR/WEBMASTER CONFERENCE, WHICH IS AN EDUCATIONAL CONFERENCE FOR CHAPTER NEWSLETTER EDITORS AND WEBMASTERS. THE NATIONAL OFFICE ALSO HOSTS THE CHAPTER LEADERSHIP CONFERENCE. THE INDIVIDUAL CHAPTERS SPONSOR VARIOUS DRIVING EVENTS FOR CLUB MEMBERS. THE NATIONAL OFFICE COORDINATES MOTORSPORT INSURANCE FOR THESE EVENTS. ADDITIONALLY, MEMBERS ARE GIVEN THE OPPORTUNITY TO PARTICIPATE IN CLUB RACES AND OTHER SOCIAL EVENTS. AS MEMBERS ARE ASSIGNED TO LOCAL CHAPTERS, A REBATE FROM MEMBERSHIP DUES IS MADE TO INDIVIDUAL STATE CHAPTERS ON AN ALLOCABLE BASIS TO SUPPORT EVENTS AT THE LOCAL LEVEL.

  • IN 2020 WE CHANGED THE OFFICIAL NAME OF THE PUBLICATION TO THE BMW CAR CLUB MAGAZINE. THIS WAS UPDATED AS WELL THROUGH THE USPS. WE NOW PRODUCE 8 ISSUES OF ROUNDEL AND 2 ISSUES OF BIMMERLIFE UNDER THIS PUBLICATION TITLE. BIMMERLIFE FOCUSES ON REGIONAL CHAPTERS AND THEIR EVENTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eddy Funahashi

    PESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Brian Thomason

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Athena Brekke

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Mark Hall

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • David Brighton

    NORTH CENTRAL RVP

    Total calculated
    $0
    Hours/week
    5

  • Simone Harrison

    SOUTH ATLANTIC RVP

    Total calculated
    $0
    Hours/week
    5

  • Jeff Gomon

    CENTRAL RVP

    Total calculated
    $0
    Hours/week
    5

  • James Crivellone

    PACIFIC RVP

    Total calculated
    $0
    Hours/week
    5

  • Lawrence Engel

    NORTH ATLANTIC RVP

    Total calculated
    $0
    Hours/week
    5

  • Frank C Patek II

    EXECUTIVE DIRECTOR

    Total calculated
    $210,126
    From this org
    $186,986
    From related orgs
    $0
    Other
    $23,140
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,986
    Bonus
    $0
    Other
    $0
    Deferred
    $8,991
    Nontaxable benefits
    $14,149
    Filer's total
    $210,126

  • Heather Tollison

    DFO

    Total calculated
    $130,483
    From this org
    $104,660
    From related orgs
    $0
    Other
    $25,823
    Hours/week
    40

  • Walker L Rayburn

    CREATIVE DIRECTOR

    Total calculated
    $130,024
    From this org
    $111,796
    From related orgs
    $0
    Other
    $18,228
    Hours/week
    40

  • Edward Tamsberg

    DIRECTOR OF IT

    Total calculated
    $124,167
    From this org
    $101,346
    From related orgs
    $0
    Other
    $22,821
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 7
ANNUAL BONUSES ARE GIVEN BASED ON PERFORMANCE REVIEWS. THESE BONUSES ARE NOT TIED TO COMPANY EARNINGS.

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

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349310207

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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