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Ferrari Owners Club

  • San Clemente, CA
  • Tax-exempt since Nov. 1973
  • EIN: 23-7304497

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$115k (2024)

Expenses
$101k (2024)

Total Assets
$202k (2024)

Total Liabilities
$20.1k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,880
Expenses
$101,113
Net Income
$13,767
Net Assets
$182,369
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,799
18.1%
Assets/Debt
Total Assets $202,465
Total Liabilities $20,096
Net Assets $182,369
Club or Co-Op Income
Initiation Fees & Contributions $94,081
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on March 14, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$108,017
Expenses
$83,519
Net Income
$24,498
Net Assets
$168,602
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $19,412
18.0%
Assets/Debt
Total Assets $168,602
Total Liabilities $0
Net Assets $168,602
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on May 31, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$74,672
Expenses
$76,276
Net Income
-$1,604
Net Assets
$144,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $131
0.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,392
9.9%
Assets/Debt
Total Assets $144,104
Total Liabilities $0
Net Assets $144,104
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on April 5, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$52,303
Expenses
$52,818
Net Income
-$515
Net Assets
$145,708
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,532
2.9%
Program Services $0
Investment Income $123
0.2%
Net Fundraising $551
1.1%
Sales of Assets $0
Net Inventory Sales -$1,789
Other Revenue $0
Assets/Debt
Total Assets $145,708
Total Liabilities $0
Net Assets $145,708
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on May 26, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$47,928
Expenses
$49,072
Net Income
-$1,144
Net Assets
$146,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $504
1.1%
Net Fundraising $815
1.7%
Sales of Assets $0
Net Inventory Sales -$4,443
Other Revenue $0
Assets/Debt
Total Assets $146,243
Total Liabilities $20
Net Assets $146,223
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on July 20, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$54,383
Expenses
$53,710
Net Income
$673
Net Assets
$147,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,032
1.9%
Net Fundraising $657
1.2%
Sales of Assets $0
Net Inventory Sales -$5,781
Other Revenue $0
Assets/Debt
Total Assets $149,194
Total Liabilities $1,827
Net Assets $147,367
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Chris Aber (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 4, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$52,700
Expenses
$54,969
Net Income
-$2,269
Net Assets
$146,694
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,019
1.9%
Net Fundraising $434
0.8%
Sales of Assets $0
Net Inventory Sales -$4,041
Other Revenue $0
Assets/Debt
Total Assets $148,572
Total Liabilities $1,878
Net Assets $146,694
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Diane Le (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on May 14, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,033
Expenses
$57,042
Net Income
-$8,009
Net Assets
$148,963
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $484
1.0%
Net Fundraising $810
1.7%
Sales of Assets $0
Net Inventory Sales -$6,551
Other Revenue $0
Assets/Debt
Total Assets $150,863
Total Liabilities $1,900
Net Assets $148,963
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Diane Le (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on May 16, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,875
Expenses
$55,499
Net Income
-$5,624
Net Assets
$156,972
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $247
0.5%
Net Fundraising $1,431
2.9%
Sales of Assets $0
Net Inventory Sales -$7,255
Other Revenue $0
Assets/Debt
Total Assets $160,336
Total Liabilities $3,364
Net Assets $156,972
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Diane Le (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on Nov. 14, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$67,371
Expenses
$58,174
Net Income
$9,197
Net Assets
$162,596
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $246
0.4%
Net Fundraising $2,905
4.3%
Sales of Assets $0
Net Inventory Sales -$1,345
Other Revenue $0
Assets/Debt
Total Assets $164,088
Total Liabilities $1,492
Net Assets $162,596
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Diane Le (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 14, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$77,612
Expenses
$61,504
Net Income
$16,108
Net Assets
$153,399
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $247
0.3%
Net Fundraising $2,154
2.8%
Sales of Assets $0
Net Inventory Sales $3,553
4.6%
Other Revenue $0
Assets/Debt
Total Assets $157,617
Total Liabilities $4,218
Net Assets $153,399
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
Richard Adams (Chairman) $0 $0
Michael Greenwald (President) $0 $0
Carolyn Sledge Ward (Vice President) $0 $0
Robert De Pietro (Secretary) $0 $0
Michael Lowenstam (Treasurer) $0 $0
John Cannizzo (Director) $0 $0
Denise Woleben (Director) $0 $0
Daunn Lomonaco (Director) $0 $0
John Adkins (Director) $0 $0
Diane Le (Director) $0 $0
Jim Hunter (Director) $0 $0
+ View more people

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990-EZ
Filed on Sept. 11, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$85,366
Expenses
$57,161
Net Income
$28,205
Net Assets
$137,291
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,903
91.3%
Investment Income $182
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$250
Sales of Assets $0
Net Inventory Sales $431
0.5%
Other Revenue $7,100
8.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $575
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $139,244
Total Liabilities $1,953
Net Assets $137,291
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Related Other
Michael Greenwald (President) $575 $0 $0
Richard Adams (Chairman) $0 $0 $0
Carolyn Sledge Ward (Vice President) $0 $0 $0
Robert De Pietro (Secretary) $0 $0 $0
Michael Lowenstam (Treasurer) $0 $0 $0
John Cannizzo (Director) $0 $0 $0
Denise Woleben (Director) $0 $0 $0
Daunn Lo Monaco (Director) $0 $0 $0
John Adkins (Director) $0 $0 $0
Diane Le (Director) $0 $0 $0
Paul Evans (Director) $0 $0 $0
+ View more people

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990
Filed on Aug. 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,961
Expenses
$71,780
Net Income
$16,181
Net Assets
$109,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,732
87.2%
Investment Income $189
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$572
Sales of Assets $0
Net Inventory Sales -$675
Other Revenue $12,287
14.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $575
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $112,744
Total Liabilities $3,658
Net Assets $109,086
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,152
Expenses
$62,980
Net Income
$39,172
Net Assets
$92,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $80,095
78.4%
Investment Income $61
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $536
0.5%
Sales of Assets $0
Net Inventory Sales -$2,456
Other Revenue $23,916
23.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $525
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $92,905
Total Liabilities $0
Net Assets $92,905
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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