Ferrari Owners Club
- Assets
- $144.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Clemente, CA
- Founding
- 11/1973
- Data as of
- 12/2022
- EIN
- 23-7304497
Organization Overview
Ferrari Owners Club is located in San Clemente, CA. The organization was established in 1973. 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. Ferrari Owners Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Ferrari Owners Club generated $74.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $76.3k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MONTHLY MAGAZINE AND ADMINISTRATIVE EXPENSES TO RUN CAR CLUB
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Greenwald President | 0 | $0 | |
Carolyn Sledge Ward Vice President | 0 | $0 | |
Robert DE Pietro Secretary | 0 | $0 | |
Michael Lowenstam Treasurer | 0 | $0 | |
Richard Adams Chairman | 0 | $0 | |
John Adkins Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $67,149 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $131 |
| Other Revenue | $7,392 |
| Total Revenue | $74,672 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,990 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $46,194 |
| Other expenses | $24,092 |
| Total expenses | $76,276 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $143,441 |
| Other assets | $0 |
| Total assets | $144,104 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,104 |
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