Alfa Romeo Owners Club is located in Portland, OR. The organization was established in 1966. 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. Alfa Romeo 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 12/2023, Alfa Romeo Owners Club generated $338.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $343.9k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE APPRECIATION, CARE AND USE OF ALFA ROMEO AUTOMOBILES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COSTS TO PRODUCE CLUB MAGAZINE ALFA OWNER. THESE COSTS ARE OFFSET BY UNRELATED BUSINESS REVENUE ON FORM 990T
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nikki Nalum Accountant | 20 | $19,850 | |
Cynthia Bennet Director | Trustee | 10 | $0 |
David Welch Director | Trustee | 10 | $0 |
John Justus Jr Director | Trustee | 10 | $0 |
Doug Zaitz Director | Trustee | 10 | $0 |
Lance Dong Director | Trustee | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $263,776 |
| 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 | $263,776 |
| Total Program Service Revenue | $0 |
| Investment income | $15 |
| 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 | $1,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,755 |
| 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 | $164 |
| Fees for services: Accounting | $19,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $5,849 |
| Information technology | $34,201 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,246 |
| Interest | $0 |
| Payments to affiliates | $45,436 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,627 |
| All other expenses | $0 |
| Total functional expenses | $343,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,260 |
| Savings and temporary cash investments | $75,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,662 |
| Prepaid expenses and deferred charges | $7,614 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $298,607 |
| Accounts payable and accrued expenses | $1,848 |
| Grants payable | $0 |
| Deferred revenue | $77,103 |
| 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 | $31,993 |
| Total liabilities | $110,944 |
| 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 | $187,663 |
| Total liabilities and net assets/fund balances | $298,607 |