Motorcycle Industry Council Inc
- Assets
- $8.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Irvine, CA
- Founding
- 07/1973
- Data as of
- 12/2021
- EIN
- 31-4394320
Organization Overview
Motorcycle Industry Council Inc is located in Irvine, CA. The organization was established in 1973. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Motorcycle Industry Council Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motorcycle Industry Council Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Motorcycle Industry Council Inc generated $4.9m 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 (6.7%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.0%) 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
MOTORCYCLE INDUSTRY TRADE ASSOCIATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOVERNMENT RELATIONS PROGRAM - THE OBJECTIVE OF THE GOVERNMENT RELATIONS PROGRAM IS TO MONITOR AND RESPOND TO LEGISLATIVE AND REGULATORY MATTERS.
STATISTICS PROGRAM - THE OBJECTIVE OF THE PROGRAM IS TO PROVIDE RESEARCH AND STATISTICS TO SUPPORT MOTORCYCLE INDUSTRY COUNCIL OBJECTIVES AND INDUSTRY INFORMATION AND DATA COMMUNICATION NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erik Pritchard President & CEO | Officer | 8.38 | $530,537 |
Scott Schloegel Sr. Vp, Govt't Relations | Officer | 15 | $317,450 |
Alexander Berger General Counsel | Officer | 7 | $230,335 |
Jacqueline Peterson Vp, Communications | 9.38 | $208,724 | |
Cinnamon Kernes Vp, Market Expansion | 28.12 | $169,052 | |
Viridiana Sanchez Director, Operations | 9.38 | $139,186 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ipsos Insight Llc Data Analysis | 12/30/18 | $171,988 |
The Irvine Company Office Rent | 12/30/18 | $454,473 |
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 | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $300,000 |
| Total Program Service Revenue | $4,476,224 |
| Investment income | $88 |
| 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 | $8,353 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,936,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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. | $1,179,444 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $729,629 |
| Pension plan accruals and contributions | $48,693 |
| Other employee benefits | $264,739 |
| Payroll taxes | $124,891 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,924 |
| Fees for services: Accounting | $29,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $924,038 |
| Advertising and promotion | $182,471 |
| Office expenses | $57,560 |
| Information technology | $221,457 |
| Royalties | $0 |
| Occupancy | $189,764 |
| Travel | $97,084 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,246 |
| Interest | $43,752 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,284 |
| Insurance | $73,420 |
| All other expenses | $8,721 |
| Total functional expenses | $4,577,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,115,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $279,660 |
| 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 | $256,458 |
| Net Land, buildings, and equipment | $58,227 |
| Investments—publicly traded securities | $157,568 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,833,288 |
| Other assets | $483,605 |
| Total assets | $8,184,341 |
| Accounts payable and accrued expenses | $642,243 |
| Grants payable | $0 |
| Deferred revenue | $1,143,563 |
| 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 | $2,638,480 |
| Total liabilities | $4,424,286 |
| Net assets without donor restrictions | $3,760,055 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,184,341 |
Grants Awarded
Over the last fiscal year, Motorcycle Industry Council Inc has awarded $144,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Great Falls, MT PURPOSE: TO DEVELOP AND PROVIDE PROGRAMS, MATERIALS AND INFORMATION TO OHV RIDERS, CLUBS ASSOCIATIONS AND AGENCIES IN ORDER TO FUTHER A POSITIVE FUTURE FOR RESPONSIBLE OHV RECREATION. | $104,000 |
Irvine, CA PURPOSE: INDUSTRY COLLABERATION GRANT FROM MIC MEMBERS TO RIDE INITIATIVE FOR YOUTH RIDE SAFETY. | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Motorcycle Industry Council Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
National Motorcycle Safety Fund Irvine, CA PURPOSE: TO ASSIST MIC/FELD ENTERTAINMENT RIDE INITIATIVE EVENTS WITH THE GOAL OF INTRODUCING KIDSAND THEIR FAMILIES TO THE SPORT OF MOTORCYCLING DURING MONSTER JAM PIT PARTIES ACROSS THEU.S | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |
Paradise Valley Country Club Inc Paradise Valley, AZ | $41,632,521 | $18,336,957 |
Sharon Heights Golf & Country Club Menlo Park, CA | $51,835,070 | $19,221,394 |
Rolling Hills Country Club Rolling Hills Estates, CA | $71,103,768 | $16,906,847 |
Diablo Country Club Diablo, CA | $28,795,018 | $17,234,644 |
Ironwood Country Club Palm Desert, CA | $36,309,619 | $13,754,726 |
Los Altos Golf & Country Club Los Altos, CA | $30,864,685 | $15,701,239 |
Claremont Country Club Oakland, CA | $32,521,867 | $15,512,670 |
St Francis Yacht Club San Francisco, CA | $21,989,998 | $14,152,861 |