Form 990 for tax year 2023

Totals

Total revenue

$311,547

Total expenses

$315,737

Contributions and grants received

$50,226

Grants paid

$0

Program service revenue

$257,393

Investment income

$3,928

Other revenue

$0

Total assets, end of year

$375,676

Total liabilities, end of year

$25

Net assets or fund balances, end of year

$375,651

Program services expenses (Part IX)

$315,737

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$315,737

Program services were 100.0% 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

• Driver education events are held at several venues in Colorado to instruct drivers in the safest method to drive cars at high performance levels. Members of other car clubs and the general public are welcome. Cars are subject to stringent safety inspections and drivers are given personalized and group instruction and oversight. Attendance ranges from 40 to 200 drivers per event plus volunteers depending on the type of event. The organization conducts post-event surveys to determine the success of the events. All events have received positive feedback.

  Expenses $283,335 · Revenue $239,393

• Other Expenses

  Expenses $28,584

• Monthly member meetings or socials and group tours are held at various venues to promote building relationships, to share information about Porsche cars, and provide recognition and award outstanding members. Membership meetings also serve to promote new memberships and conduct club business. Typical attendance ranges from 100 to 400 members. The organization conducts post-event surveys to determine the success of events. The feedback on all socials has been positive.

  Expenses $3,818 · Revenue $865

• Publication of monthly newsletter magazine Highgear. Topics include club business, announcements of future events, technical articels, commentary, photo essays and classified advertisements. The magazine has won numerous awards from Porsche Club of America. All members and affiliate members receive the newsletter magazine. The National Porsche Club of America helps to support the publishing.

  Grants $38,083 · Revenue $16,885

As filed on the 2023 return.

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

No itemized grants to organizations on this return.

Provenance

Return type

form_990

Tax year

2023

Filed

1 April 2024

IRS schema version

2023v5.0

Source object

202400939349301515

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