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Nonprofiteer
← MAVERICK REGION PORSCHE CLUB OF AMERICA

Form 990 for tax year 2024

Filed by MAVERICK REGION PORSCHE CLUB OF AMERICA.

Totals

Total revenue
$376,822
Total expenses
$426,299
Contributions and grants received
$58,779
Grants paid
$13,255
Program service revenue
$285,593
Investment income
$9
Other revenue
$32,441
Total assets, end of year
$116,930
Total liabilities, end of year
$18,478
Net assets or fund balances, end of year
$98,452
Program services expenses (Part IX)
$323,365
Management and general expenses
$102,297
Fundraising expenses
$637
Program service expenses (Part III)
$323,365

Program services were 75.9% 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

    $58,779

  • 2a · Program service revenue: Registration for events

    total $198,602 · related or exempt $198,602

  • 2b · Program service revenue: Sponsorships

    total $55,250 · related or exempt $55,250

  • 2c · Program service revenue: Social Events

    total $31,741 · related or exempt $31,741

  • 3 · Investment income

    total $9 · related or exempt $9

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $4,842

  • 10b · Cost of goods sold

    $2,376

  • 10c · Net income from sales of inventory

    total $2,466 · related or exempt $2,466

  • 11a · Other revenue: License Plate Commissio

    total $710 · unrelated business $710

  • 11b · Other revenue: Advertising

    total $27,757 · unrelated business $27,757

  • 11c · Other revenue: Other Income

    total $1,508 · related or exempt $1,508

  • 11e · Other revenue, total

    $29,975

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,255 · program services $13,255

  • 11g · Fees: other

    total $637 · fundraising $637

  • 12 · Advertising and promotion

    total $60,795 · management and general $60,795

  • 22 · Depreciation, depletion and amortization

    total $623 · program services $623

  • 24a · Other expenses: Track expenses

    total $208,214 · program services $208,214

  • 24b · Other expenses: Social activity expenses

    total $69,347 · program services $69,347

  • 24c · Other expenses: Other activity expenses

    total $31,926 · program services $31,926

  • 24e · All other expenses

    total $41,502 · management and general $41,502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,028 · end of year $1,857

  • 2 · Savings and temporary cash investments

    beginning of year $106,964 · end of year $82,023

  • 3 · Pledges and grants receivable

    end of year $1,761

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,000 · end of year $26,800

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

    $53,059

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

    $48,570

  • 10c · Land, buildings and equipment, net

    beginning of year $5,112 · end of year $4,489

  • 17 · Accounts payable and accrued expenses

    beginning of year -$337 · end of year -$337

  • 25 · Other liabilities

    beginning of year -$3,488 · end of year $18,815

  • 31 · Retained earnings, endowment or other funds

    beginning of year $147,929 · end of year $98,452

Mission and programs · 2024

Mission

To promote courtesy and safety on public roads; to exchange technical and mechanical information; and ato engage in social and sporting events.

  • Several driver education schools that promote safety on the road were held. Several meetings for members that provide for an exchange of technical and mechanical information and social events were held. A monthly newsletter was sent to all members that facilitates the exchange of technical, mechanical and social information.

    Expenses $323,365 · Grants $13,255 · Revenue $376,822

As filed on the 2024 return.

Listed in Part VII

  • William L Kruder

    President

    Total calculated
    $0
    Hours/week
    4

  • Michael Hays

    Vice President

    Total calculated
    $0
    Hours/week
    3

  • Olga Taylor

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • James Falgout

    Treasurer

    Total calculated
    $0
    Hours/week
    8

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 June 2026
IRS schema version
2024v5.2
Source object
202601629349300240

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