Santa Clara Corvettes
- Assets
- $39.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Clara, CA
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 94-2826549
Organization Overview
Santa Clara Corvettes is located in Santa Clara, CA. The organization was established in 2005. 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. Santa Clara Corvettes 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, Santa Clara Corvettes generated $32.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $30.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 6 years. 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
2023
Describe the Organization's Program Activity:
Part 3
SOCIAL CLUB GATHERINGS FOR CORVETTE OWNERS AND LOVERS INWHICH WE PAY DUES AND HAVE ACTIVITIES SUCH AS CAR SHOWS,MOTOR SPORTS AND SOCIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Selzer President | 10 | $0 | |
Kathryn Gibb Secretary | 5 | $0 | |
David Katz Car Show Direct | 10 | $0 | |
Jerry Banks Vice President | 20 | $0 | |
Gene Brickey Pub. Codirector | 10 | $0 | |
Sandy Mendia Motorsports Dir | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,591 |
| Total Program Service Revenue | $2,714 |
| Membership dues | $10,756 |
| Investment income | $735 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,531 |
| Other Revenue | $0 |
| Total Revenue | $32,728 |
| 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 | $800 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $29,585 |
| Total expenses | $30,635 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,333 |
| Other assets | $0 |
| Total assets | $39,333 |
| Total liabilities | $0 |
| Net assets or fund balances | $39,333 |