Model A Restorers Club Inc
- Assets
- $606.8k
- Revenue
- $398.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Garden City, MI
- Founding
- 12/1964
- Data as of
- 10/2023
- EIN
- 38-6095367
Organization Overview
Model A Restorers Club Inc is located in Garden City, MI. The organization was established in 1964. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Model A Restorers Club Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Model A Restorers Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 10/2023, Model A Restorers Club Inc generated $398.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $499.9k during the year ending 10/2023. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCOME FROM MEMBERSHIP IS USED TO ENCOURAGE MEMBERS TO ACQUIRE, PRESERVE, RESTORE, EXHIBIT, AND MAKE USE OF THE FORD MODEL A VEHICL, MODEL YEARTS 1928-1931, AND ALL THINGS PERTAINING TO THE FORD MODEL A, AND TO PROMOTE THE INTRODUCTION OF IDEAS AND FELLOWSHIP AMONG MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Gould President | OfficerTrustee | 5 | $0 |
Curtis Hillman Treasurer | OfficerTrustee | 5 | $0 |
Chris Duvall Secretary | OfficerTrustee | 5 | $0 |
James Zimmer Director | Trustee | 5 | $0 |
Thomas Hovater Director | Trustee | 5 | $0 |
Gerald Lemere Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $322,182 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,454 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $332,636 |
| Total Program Service Revenue | $58,636 |
| Investment income | $7,184 |
| 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 | $398,456 |
| 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 | $89,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,725 |
| Payroll taxes | $7,107 |
| Fees for services: Management | $14,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,853 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487 |
| Advertising and promotion | $0 |
| Office expenses | $76,019 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,955 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,004 |
| Insurance | $5,204 |
| All other expenses | $16,262 |
| Total functional expenses | $499,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,642 |
| Savings and temporary cash investments | $240,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,291 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $105,465 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $204,032 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $606,808 |
| Accounts payable and accrued expenses | $17 |
| 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 | $0 |
| Total liabilities | $17 |
| Net assets without donor restrictions | $606,791 |
| 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 | $606,808 |