2023-11-08T08:06:51-06:00 2022-12-31 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2022-01-01 941677331 PORSCHE CLUB OF AMERICA INC PORS 4103810911 PO BOX 6400 COLUMBIA MD 21045 RICHARD STRAHOTA TREASURER 4103810911 2023-10-11 1 RICHARD STRAHOTA 999009999 1 EDWARD T YODER CPA P00239134 7033858577 2023-10-11 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD STRAHOTA PO BOX 6400 COLUMBIA MD 21045 12260302 0 X WWW.PCA.ORG X 1955 DC THE ORGANIZATION DISTRIBUTES INFORMATION, HOLDS EVENTS AND PROVIDES A FORUM FOR ITS MEMBERS. 6 6 25 145 2128451 0 0 0 7588885 8352484 75503 81023 1804289 1851056 9468677 10284563 377388 99956 0 0 1854697 2000408 0 0 0 6766842 8076073 8998927 10176437 469750 108126 11168170 11391022 5486847 5980116 5681323 5410906 THE ORGANIZATION IS AN AUTO CLUB THAT DISTRIBUTES INFORMATION, PROVIDES A FORUM FOR PORSCHE OWNERS (MEMBERS) AND HOLDS EVENTS. 0 0 PCA PARADE: ANNUAL PARADE (CONVENTION) EVENT PROVIDES MEMBERS A FORUM FOR THE EXCHANGE OF IDEAS, TO COMPARE AUTOMOBILES, PROVIDE AND RECEIVE INFORMATION ABOUT CLUB ACTIVITIES, AUTOMOBILE PRODUCT LINE, AND RELATED MATTERS. THERE WERE OVER 1,500 PARTICIPANT ATTENDEES FOR PARADE 2022. PCA PANORAMA MAGAZINE: PROVIDES MEMBERS WITH TECHNICAL ADVICE, NEW PRODUCT RELEASES, GENERAL CLUB INFORMATION AND REGION EVENTS TO ENCOURAGE CLUB MEMBERS PARTICIPATION. CLUB RACING: THE ORGANIZATION SPONSORS RACES WHICH PROVIDE MEMBERS AN ADDITIONAL FORUM FOR AN EXCHANGE OF IDEAS, AUTOMOBILE TESTING, AND INFORMATION. THE EVENTS ARE OPEN TO ALL MEMBERS. THERE WERE OVER 1,000 PARTICIPANTS IN THE RACES IN 2022. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 11 1 25 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X PORSCHE CLUB OF AMERICA INC 4103810911 PO BOX 6400 COLUMBIA MD 21045 THOMAS A GORSUCH PRESIDENT 30.00 X X 0 0 0 AARON AMBROSINO VICE PRESIDENT 30.00 X X 0 0 0 TODD BENZ SECRETARY 30.00 X X 0 0 0 CRAIG KUGLER TREASURER 30.00 X X 0 0 0 CAREN COOPER PAST PRESIDENT 30.00 X 0 0 0 CINDY JACISIN EXECUTIVE VICE PRESIDENT 30.00 X 0 0 0 VU NGUYEN EXECUTIVE DIRECTOR 40.00 X 203212 0 6421 ELLEN DENISE HOVINGTON DIRECTOR OF FINANCE 40.00 X 115782 0 3420 ROBERT SASS PANORAMA EDITOR 40.00 X 193921 0 14408 512915 0 24249 3 0 1 0 ALLEN LANE 1516 TIMBER RACE CANTON GA 30114 PRODUCTION DIRECTOR 117648 1 MEMBERSHIP DUES 900099 2901372 2901372 PANORAMA ADVERTISING 541800 1629754 1629754 MEMBER EVENTS 711210 1352050 1352050 MEMBER PARADES 711210 1044476 1044476 CLUB RACING 711210 854327 834209 20118 570505 172949 397556 8352484 81023 81023 3567404 1859065 1708339 1708339 146657 116674 29983 29983 OTHER INCOME 900099 112734 112734 112734 10284563 8156112 2128451 0 93396 6560 328834 1525808 8110 24337 113319 479303 679962 180311 297390 46571 836012 75757 51730 321546 PRINTING 1378417 EVENTS 1092305 DISTRIBUTION 829187 PARADE EXPENSES 811156 996426 10176437 3785898 4108402 688070 709825 186282 157707 65040 83761 372009 484057 1583892 559312 1096569 1024580 4974302 4629760 0 192930 11168170 11391022 2130063 2375593 3356784 3604523 5486847 5980116 X 5681323 5410906 5681323 5410906 11168170 11391022 108126 -378543 0 X X 0 1 X 1 0 235000 235000 969474 337313 632161 379418 221999 157419 1024580 CONTRACT LIABILITY - MEMBERSHIP DUES 2515158 REGIONAL ORGANIZATION DUES PAYABLE 987398 CONTRACT LIABILITY - EVENTS 90746 LEASE LIABILITY 11221 3604523 X 11881759 -378543 1975739 1597196 10284563 0 10284563 12152176 1975739 1975739 10176437 0 10176437 PART X, LINE 2: THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE (IRC), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED FROM THE CODE. THE TAX EXEMPTION IS LIMITED TO MEMBERSHIP RECEIPTS AND PROGRAMS DEVELOPED FOR THE BENEFIT OF THE MEMBERS; THEREFORE, NO PROVISION HAS BEEN MADE FOR INCOME TAXES ON THOSE RECEIPTS. THE CLUB DOES PAY INCOME TAX ON TAXABLE INVESTMENT INCOME AND ADVERTISING INCOME; HOWEVER, NO PROVISION HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS DUE TO THE NET LOSS FROM THE UNRELATED BUSINESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 116,674. RAFFLE EXPENSES 1,859,065. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF SALES 116,674. RAFFLE EXPENSES 1,859,065. 3567404 255000 1367616 236449 0 3567404 255000 1367616 236449 1859065 1708339 MD 1 0 0 0 1.00000 E DENISE HOVINGTON 9689 GERWIG LANE UNITE 4 C/D COLUMBIA MD 21045 0 0 1 PART I, LINE 2: SURPLUS FUNDS ARE DISTRIBUTED BASED ON THE NUMBER OF MEMBERS IN THE REGION. X 1 0 X 0 0 0 VU NGUYEN EXECUTIVE DIRECTOR 178191 0 25021 0 0 0 5341 0 1080 0 209633 0 0 0 ROBERT SASS PANORAMA EDITOR 169165 0 24756 0 0 0 5070 0 9338 0 208329 0 0 0 B-LINE EXPRESS OWNED BY UNCLE OF EXECUTIVE DIRECTOR 190315 IT VENDOR SERVICES 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS NUMEROUS MEMBERS WHO HAVE ATTAINED THIS STATUS THROUGH THE PAYMENT OF MEMBERSHIP DUES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A AN ELECTION IS HELD EVERY 2 YEARS TO ELECT THE EXECUTIVE COUNCIL - PRESIDENT, VICE PRESIDENT, SECRETARY, AND TREASURER. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S BYLAWS PROVIDE FOR GENERAL AND FISCAL OVERSIGHT OF THE GOVERNING BODY (THE EXECUTIVE COUNCIL) BY THE BOARD OF DIRECTORS, WHICH CONSISTS OF THE PRESIDENTS OF INDIVIDUAL REGIONS (147), STANDING COMMITTEE CHAIRMEN, AND ELECTED OFFICERS. THIS LARGER GROUP IS CHARGED WITH "DETERMINING ALL MATTERS OF CLUB POLICY AND INSURING "THE PROPER CONDUCT OF THE ADMINISTRATIVE AFFAIRS OF THE CLUB BY THE EXECUTIVE COUNCIL, THE FULFILMENT OF DUTIES BY THE OFFICERS, AND COMPLIANCE WITH THESE BYLAWS." ADDITIONALY, UNUSUALLY LARGE EXPENDITURES REQUIRE BOARD OF DIRECTORS APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE TAX RETURN, THE 990 IS REVIEWD AND APPROVED BY THE TREASURER, THE EXECUTIVE COUNCIL, AND THE INTERNAL AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE ASKED TO ROUTINELY VERIFY THAT THEY ARE AWARE OF NO CONFLICTS OF INTEREST. ALL DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM VOTE WHERE AN ACTUAL AND/OR PERCEIVED CONFLICT COULD EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COUNCIL MEET ANNUALLY TO REVIEW COMPENSATION AND PERFORMANCE EVALUATIONS FOR EACH EMPLOYEE. THE PROCESS INCLUDES JOB DESCRIPTIONS, COMPARABLE DATA, CONTEMPORANEOUS SUBSTANTIATION AND THE BOARD'S COLLABORATION OF SKILLS. RECOMMENDATIONS ARE INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE EXECUTIVE COUNCIL AND DOCUMENTED IN THE ORGANIZATION RECORDS. THE EXECUTIVE COUNCIL MEMBERS THAT VOTE ARE INDEPENDENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ADDITIONALLY, THE FINANCIAL STATEMENTS ARE PUBLISHED TWICE A YEAR IN THE ORGANIZATION'S MAGAZINE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.