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Nonprofiteer
← HOT AUGUST NIGHTS INC

Form 990 for tax year 2023

Filed by HOT AUGUST NIGHTS INC.

Totals

Total revenue
$2,956,345
Total expenses
$3,262,359
Contributions and grants received
$777,720
Grants paid
$0
Program service revenue
$1,742,043
Investment income
$41,046
Other revenue
$395,536
Total assets, end of year
$1,346,002
Total liabilities, end of year
$550,501
Net assets or fund balances, end of year
$795,501
Program services expenses (Part IX)
$3,025,409
Management and general expenses
$236,950
Fundraising expenses
$0
Program service expenses (Part III)
$3,025,409

Program services were 92.7% 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

    $17,341

  • 1f · All other contributions, gifts and grants

    $760,379

  • 2a · Program service revenue: REGISTRATION

    total $1,106,216 · related or exempt $1,106,216

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

    total $342,969 · related or exempt $342,969

  • 2c · Program service revenue: ADMISSIONS

    total $292,858 · related or exempt $292,858

  • 3 · Investment income

    total $17,772 · unrelated business $17,772

  • 7a · Gross sales of assets other than inventory

    other assets $23,274

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

    other assets $0

  • 7c · Gain or loss

    other assets $23,274

  • 7d · Net gain or loss

    total $23,274 · related or exempt $23,274

  • 10a · Gross sales of inventory

    $637,569

  • 10b · Cost of goods sold

    $242,033

  • 10c · Net income from sales of inventory

    total $395,536 · related or exempt $395,536

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $129,231 · program services $129,231

  • 7 · Other salaries and wages

    total $348,264 · program services $348,264

  • 9 · Other employee benefits

    total $62,782 · management and general $62,782

  • 10 · Payroll taxes

    total $41,534 · program services $41,534

  • 11b · Fees: legal

    total $4,656 · program services $4,656

  • 11g · Fees: other

    total $1,911 · program services $1,911

  • 12 · Advertising and promotion

    total $223,812 · program services $223,812

  • 13 · Office expenses

    total $91,687 · management and general $91,687

  • 16 · Occupancy

    total $53,319 · program services $47,619 · management and general $5,700

  • 22 · Depreciation, depletion and amortization

    total $83,878 · program services $83,878

  • 23 · Insurance

    total $69,648 · program services $69,648

  • 24a · Other expenses: EVENT EXPENSES

    total $930,910 · program services $930,910

  • 24b · Other expenses: EQUIPMENT RENTAL

    total $506,362 · program services $506,362

  • 24c · Other expenses: SECURITY

    total $245,326 · program services $245,326

  • 24d · Other expenses: FACILITY RENT

    total $98,343 · program services $98,343

  • 24e · All other expenses

    total $370,696 · program services $293,915 · management and general $76,781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $46,666 · end of year $81,688

  • 2 · Savings and temporary cash investments

    beginning of year $718,087 · end of year $503,563

  • 4 · Accounts receivable

    beginning of year $24,569 · end of year $14,117

  • 8 · Inventories for sale or use

    beginning of year $101,348 · end of year $112,897

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,487 · end of year $66,914

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

    $1,110,912

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

    $544,089

  • 10c · Land, buildings and equipment, net

    beginning of year $515,384 · end of year $566,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $320,985 · end of year $219,676

  • 25 · Other liabilities

    beginning of year $7,041 · end of year $330,825

  • 27 · Net assets without donor restrictions

    beginning of year $1,101,515 · end of year $795,501

Mission and programs · 2023

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 $3,025,409 · Revenue $2,160,853

As filed on the 2023 return.

Listed in Part VII

  • Randall Thornton

    TREASURER

    Total calculated
    $0
    Hours/week
    8 + 2 related
  • James Herr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10 + 1 related
  • Luis Palacio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chris Kilian

    SECRETARY

    Total calculated
    $0
    Hours/week
    5 + 1 related
  • John Crowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Diana Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Linda Lott

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5 + 2 related
  • Marshall McBride

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Holland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Russ Sheltra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Les Stuart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Vic Redding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Selesnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Deny Dotson

    EXECUTIVE DIRECTOR

    Total calculated
    $129,230
    From this org
    $129,230
    From related orgs
    $0
    Other
    $0
    Hours/week
    60 + 2 related

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

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
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511559349301106

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