International Conference Of Sports Car Clubs Inc
- Assets
- $130.4k
- Revenue
- $89.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, WA
- Founding
- 06/1969
- Data as of
- 12/2021
- EIN
- 23-7025426
Organization Overview
International Conference Of Sports Car Clubs Inc is located in Monroe, WA. The organization was established in 1969. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Conference Of Sports Car Clubs Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, International Conference Of Sports Car Clubs Inc generated $89.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $85.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A REGULATORY AND ADMINISTRATIVE ASSOCIATION OF INDEPENDENT SPORTS CAR CLUBS IN THE USA AND CANADA PROVIDING BASIC GUIDELINES FOR ORGANIZED SPORTS CAR RACING IN ITS MEMBERSHIP AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DUE TO COVID RESTRICTIONS AND ITS ECONOMIC IMPACT, THE ORGANIZATION FACED MANY CHALLENGES BUT KEPT RACING. THERE WERE 12 RACES HOSTED UNDER ICSCC COMPETITION REGULATIONS. THERE WERE DRIVER TRAINING EVENTS AND VARIOUS OTHER RACING EVENTS THROUGHOUT 2021. DRIVERS FROM THE MEMBERSHIP AND AFFILIATE CLUBS COMPETED FOR POINTS LEADING TO A CHAMPIONSHIP IN APPROX 50 DIFFERENT CLASSES IN RACES HELD AT TRACKS AROUND THE PACIFIC NORTHWEST REGION. THERE ARE CAR CLASSIFICATIONS AND PREPARATION RULES THAT ARE STRUCTURED TO ALLOW PARTICIPATION OF THE WIDEST POSSIBLE RANGE OF CARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Hurley Treasurer | Officer | 2 | $0 |
Rick Bostrom President | Officer | 2 | $0 |
Bill Ecker License Director | Officer | 2 | $0 |
Linda Heinrich Vice President | Officer | 2 | $0 |
Lynn Coupland Secretary | Officer | 2 | $0 |
Duane Mortinsen Points Keeper | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $89,160 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $89,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,500 |
| Office expenses | $590 |
| Information technology | $680 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,254 |
| Insurance | $47,120 |
| All other expenses | $0 |
| Total functional expenses | $85,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $72,757 |
| Savings and temporary cash investments | $52,869 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $844 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $130,369 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,730 |
| Total liabilities | $12,730 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $117,639 |
| Total liabilities and net assets/fund balances | $130,369 |
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|---|---|---|
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Valley Club Inc Sun Valley, ID | $38,309,857 | $11,290,911 |
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Meridian Valley Country Club Inc Kent, WA | $8,643,385 | $5,751,943 |
Costco Wholesale Employee Club Issaquah, WA | $12,237,798 | $7,934,255 |
Bend Golf & Country Club Bend, OR | $5,177,493 | $4,263,275 |
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Lake Connor Park Inc Lake Stevens, WA | $2,614,581 | $3,287,751 |
Mill Creek Country Club An Association Mill Creek, WA | $6,663,805 | $4,207,043 |
Mercer Island Country Club Mercer Island, WA | $6,268,169 | $3,764,472 |
Lake Merwin Campers Hideaway Amboy, WA | $6,668,263 | $4,804,013 |
Mercer Island Beach Club Mercer Island, WA | $5,095,588 | $2,669,699 |