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Studebaker Drivers Club INC FY2020 filing

Not tax-deductible

South Bend, IN501(c)(7)EIN 25-1381839Revenue $378K in FY2020

On file with the IRSstudebakerdriversclub.comPo Box 3044, 46619-0044 · South Bend, INTax-exempt since Jul 1980

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Provide membership services for restoration of vehicles; publication of "turning wheels" magazine; provide funds to run sdc museum; educate public

$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $29K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$13K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$88K
7% of total assets
Looks good: liabilities are 7% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$378K
Spent
$351K
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$378K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$378K
FY2021$497K
FY2022$430K
FY2023$402K
FY2024$440K
Expenses
$351K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$351K
FY2021$362K
FY2022$449K
FY2023$422K
FY2024$421K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

19 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Jane Stinson
Treasurer
$12,600Pt VII · Sec A
Denny Foust
Vice President, President 7/1
$0Pt VII · Sec A
Don Jones
Vice President as of 7/1
$0Pt VII · Sec A
Cindy Foust
Secretary
$0Pt VII · Sec A
Tom Curtis
Past President
$0Pt VII · Sec A
Carl Thomason
Parlimentarian
$0Pt VII · Sec A
$0Pt VII · Sec A
Robert Henning
Director Until 6/30
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2022FY2021FY2020
Jane Stinson$12,600$12,600$12,600
Tom Curtis$100$100—
Carl Thompson$100——
Tom Sexton$100$100—
Allan Dias$100$100—
Ed Smith$100$100—
Carl Thomason—$100—
Frank Philippi—$100—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Studebaker Drivers Club INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers membership, publishes a magazine, funds a museum, and educates the public about vehicle restoration.

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Provided by the organization

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2 programs · in their own filed words · FY2020
01

Publication of "turning wheels magazine" for members; mailing and distribution costs of the magazine.

Pt IX · col B
02

Planning and execution of an international meet which includes a car show.

Pt IX · col B

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$378K
Ln 12
Gifts and grantsLn 1h$331K
Investment incomeLn 3$21K
Other incomeLn 4–11$13K
Money outPt IX
$351K
Ln 25
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$203K
Total assetsLn 16$1.3M
LiabilitiesLn 26$88K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$331K
Fees for servicesLn 2g$13K
Investment incomeLn 3$21K
Other incomeLn 4–11$13K
Gains on assetsLn 7$5K
Total revenueLn 12$378K
Assets in detailPt X, end of year
SavingsLn 2$203K
Cash and savings togetherLn 1–2$203K
InvestmentsLn 11–13$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$88K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6500
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$193K$203K
InvestmentsLn 11–13$1.0M$1.1M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$84K$88K
Net assetsLn 32$1.1M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$13K
Accounting feesLn 11c$11K
Advertising and promotionLn 12$1K
Information technologyLn 14$12K
InsuranceLn 23$9K
Other expenses (24a–d)Ln 24$288K
All other expensesLn 24e$17K
Total functional expensesLn 25$351K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $440K$421K$20K$1.3M 990 PDF
FY2023 $402K$422K−$19K$1.3M 990 PDF
FY2022 $430K$449K−$19K$1.3M 990 PDF
FY2021 $497K$362K$135K$1.3M 990 PDF
FY2020 Viewing $378K$351K$26K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $377,587 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $418,375$330,768
I-9 Program service revenuePrior year $63,240$12,627
I-10 Investment incomePrior year $30,853$21,010
I-11 Other revenuePrior year $10,774$13,182
I-12 Total revenuePrior year $523,242$377,587
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $12,600$12,600
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $373,784$338,654
I-18 Total expensesPrior year $386,384$351,254
I-19 Revenue less expensesPrior year $136,858$26,333
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $377,587 across 7 lines filed
Lines not itemized here account for $1,905 of total revenue; see the IRS return.
VIII-1b Membership dues$330,768
VIII-1h Total contributions, gifts and grants$330,768
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $12,627$12,627
VIII-3 Investment incomeExcluded from tax $16,459$16,459
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,551$4,551
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,913 · Unrelated business $6,364$11,277
VIII-12 Total revenueRelated to mission $19,445 · Unrelated business $6,364 · Excluded from tax $21,010$377,587
Part IX · Statement of functional expenses $351,254 across 7 lines filed
IX-5 Pay of current officers, directors and key staff$12,600
IX-11c Accounting fees$10,750
IX-12 Advertising and promotion$1,200
IX-14 Information technology$12,469
IX-23 Insurance$8,803
IX-24 Other expenses (24a–d)$288,455
IX-24e All other expenses$16,977
IX-25 Total functional expenses$351,254
Part X · Balance sheet $1,252,567 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $193,278$202,547
X-11 Publicly traded securitiesStart of year $1,029,036$1,050,020
X-16 Total assetsStart of year $1,222,317$1,252,567
X-25 Other liabilitiesStart of year $84,180$88,042
X-26 Total liabilitiesStart of year $84,180$88,042
X-27 Net assets without donor restrictionsStart of year $1,138,137$1,164,525
X-32 Total net assets or fund balancesStart of year $1,138,137$1,164,525
X-33 Total liabilities and net assetsStart of year $1,222,317$1,252,567
Part XI · Reconciliation of net assets $1,164,525 net assets at year end
XI-1 Total revenue$377,587
XI-2 Total expenses$351,254
XI-3 Revenue less expenses$26,333
XI-4 Net assets at start of year$1,138,137
XI-8 Prior period adjustments$55
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,164,525

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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