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← THE FOUNDERS REGION POTOMAC PORSCHE CLUB OF AMERICA

Form 990 for tax year 2024

Filed by THE FOUNDERS REGION POTOMAC PORSCHE CLUB OF AMERICA.

Totals

Total revenue
$1,065,480
Total expenses
$1,116,411
Contributions and grants received
$65,126
Grants paid
$3,926
Program service revenue
$996,332
Investment income
$0
Other revenue
$4,022
Total assets, end of year
$284,625
Total liabilities, end of year
$6,935
Net assets or fund balances, end of year
$277,690
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.

  • 1f · All other contributions, gifts and grants

    $65,126

  • 2a · Program service revenue: REGISTRATION INCOME

    total $877,423 · related or exempt $877,423

  • 2b · Program service revenue: MEMBERSHIPS

    total $62,723 · related or exempt $62,723

  • 2c · Program service revenue: NEWSLETTER ADVERTISING

    total $56,186 · related or exempt $56,186

  • 8a · Fundraising events: gross income

    $4,022

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $4,022 · excluded $4,022

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,926

  • 11c · Fees: accounting

    total $880

  • 13 · Office expenses

    total $4,908

  • 14 · Information technology

    total $11,439

  • 16 · Occupancy

    total $629,595

  • 22 · Depreciation, depletion and amortization

    total $137

  • 23 · Insurance

    total $9,653

  • 24a · Other expenses: PROGRAM EXPENSES

    total $271,664

  • 24b · Other expenses: NEWSLETTER EXPENSES (DE

    total $141,047

  • 24c · Other expenses: BANK CHARGES AND CHARGE

    total $42,669

  • 24d · Other expenses: GENERAL TAXES AND LICEN

    total $493

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,185 · end of year $191,410

  • 2 · Savings and temporary cash investments

    beginning of year $40,596 · end of year $40,596

  • 4 · Accounts receivable

    beginning of year $14,625 · end of year $8,208

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

    $26,129

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

    $26,129

  • 10c · Land, buildings and equipment, net

    beginning of year $137 · end of year $0

  • 15 · Other assets

    beginning of year $50,201 · end of year $44,411

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,123 · end of year $6,935

  • 27 · Net assets without donor restrictions

    beginning of year $328,621 · end of year $277,690

Mission and programs · 2024

Mission

PROMOTE THE PORSCHE OWNING AND DRIVING EXPERENCE.

Activities or mission (Part I)

PROMOTE THE PORSCHE OWNING AND DRIVING EXPERIENCE.

  • CLUB PUBLICATIONS - THE CLUB PRODUCES A MONTHLY MAGAZINE THAT PROVIDES MEMBERSHIP INFORMATION, MEETING AND EVENT NOTICES, AND SPECIAL INTEREST ARTICLES WRITTEN BY MEMBERS. APPROXIMATELY 2,500 MEMBERS RECEIVE THE 30 TO 40 PAGE PUBLICATION.

  • CLUB RACE - THE CLUB HOSTS AN ANNUAL RACE SANCTIONED BY THE PORSCHE CLUB OF AMERICA. THE RACE IS FOR PORSCHES ONLY AND ENTRY IS LIMITED TO PORSCHE CLUB MEMBERS.

  • DRIVER'S EDUCATION EVENTS - PROGRAMS DESIGNED TO IMPROVE DRIVING SKILLS AND DRIVER SAFETY. EVENTS ARE HELD AT RENTED TRACKS AND DRIVING FACILITIES.

  • OTHER DRIVING AND SOCIAL EVENTS FOR THE BENEFIT OF CLUB MEMBERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Don Mattran

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Alan French

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Stephen Kiraly

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kenny Kong

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Diane Sullenberger

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2024
Filed
6 November 2025
IRS schema version
2024v5.2
Source object
202523189349302642

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