Porsche Club Of America Inc

Columbia, MD
Tax-exempt since June 1958
EIN: 94-1677331

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Type of Nonprofit

Designated as a 501(c)(7) Social and recreational clubs.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$12M (2023)

Expenses

$11.6M (2023)

Total Assets

$12.1M (2023)

Total Liabilities

$6.16M (2023)

Source: Form 990 tax filings from 2013 to 2023

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.
2023

Revenue

$12,039,558

Expenses

$11,593,254

Net Income

$446,304

Net Assets

$5,948,998

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$9,175,768	76.2%
Investment Income	$109,934	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$849,066	7.1%
Sales of Assets	$0
Net Inventory Sales	$24,705	0.2%
Other Revenue	$62,831	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$366,616	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,819,238	15.7%

Assets/Debt
Total Assets	$12,113,182
Total Liabilities	$6,164,184
Net Assets	$5,948,998

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$227,241	$0	$6,828
Robert Sass (Panorama Editor)	$197,923	$0	$10,703
Ellen Denise Hovington (Director Of Finance)	$128,754	$0	$3,794
Aaron Ambrosino (President)	$0	$0	$0
Ronald Gordon (Vice President)	$0	$0	$0
Todd Benz (Secretary)	$0	$0	$0
Richard Strahota (Treasurer)	$0	$0	$0
Thomas A Gorsuch (Past President)	$0	$0	$0
Craig Kugler (Executive Vice President)	$0	$0	$0

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990

Filed on Sept. 6, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$10,284,563

Expenses

$10,176,437

Net Income

$108,126

Net Assets

$5,410,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$8,352,484	81.2%
Investment Income	$81,023	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$29,983	0.3%
Other Revenue	$112,734	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$328,834	3.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,525,808	15.0%

Assets/Debt
Total Assets	$11,391,022
Total Liabilities	$5,980,116
Net Assets	$5,410,906

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$203,212	$0	$6,421
Robert Sass (Panorama Editor)	$193,921	$0	$14,408
Ellen Denise Hovington (Director Of Finance)	$115,782	$0	$3,420
Thomas A Gorsuch (President)	$0	$0	$0
Aaron Ambrosino (Vice President)	$0	$0	$0
Todd Benz (Secretary)	$0	$0	$0
Craig Kugler (Treasurer)	$0	$0	$0
Caren Cooper (Past President)	$0	$0	$0
Cindy Jacisin (Executive Vice President)	$0	$0	$0

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990

Filed on Nov. 8, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$9,468,677

Expenses

$8,998,927

Net Income

$469,750

Net Assets

$5,681,323

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$7,588,885	80.1%
Investment Income	$75,503	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	-$10,269
Other Revenue	$148,452	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$310,410	3.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,401,339	15.6%

Assets/Debt
Total Assets	$11,168,170
Total Liabilities	$5,486,847
Net Assets	$5,681,323

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$191,432	$0	$5,877
Robert Sass (Panorama Editor)	$177,279	$0	$17,717
Ellen Denise Hovington (Director Of Finance)	$109,985	$0	$3,115
Thomas A Gorsuch (President)	$0	$0	$0
Aaron Ambrosino (Vice President)	$0	$0	$0
Todd Benz (Secretary)	$0	$0	$0
Craig Kugler (Treasurer)	$0	$0	$0
Caren Cooper (Past President)	$0	$0	$0
Cindy Jacisin (Executive Vice President)	$0	$0	$0

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990

Filed on Nov. 14, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$7,437,697

Expenses

$7,309,164

Net Income

$128,533

Net Assets

$5,349,379

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$39,500	0.5%
Program Services	$4,995,485	67.2%
Investment Income	$95,078	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$43,946	0.6%
Other Revenue	$877,017	11.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$303,350	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,370,700	18.8%

Assets/Debt
Total Assets	$11,063,249
Total Liabilities	$5,713,870
Net Assets	$5,349,379

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$187,540	$0	$5,980
Robert Sass (Panorama Editor)	$170,773	$0	$17,177
E Denise Hovington (Controller/Director Of Finance)	$106,681	$0	$3,149
Thomas A Gorsuch (President)	$0	$0	$0
Cindy Jacisin (Vice President)	$0	$0	$0
Craig Kugler (Treasurer)	$0	$0	$0
Aaron Ambrosino (Secretary)	$0	$0	$0
Caren Cooper (Past President)	$0	$0	$0

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990

Filed on Nov. 15, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$9,220,533

Expenses

$8,968,445

Net Income

$252,088

Net Assets

$5,111,664

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,489,659	70.4%
Investment Income	$122,225	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$56,414	0.6%
Other Revenue	$1,201,479	13.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$189,689	2.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,264,820	14.1%

Assets/Debt
Total Assets	$9,935,234
Total Liabilities	$4,823,570
Net Assets	$5,111,664

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$183,825	$0	$5,864
Robert Sass (Panorama Editor)	$175,084	$0	$5,820
E Denise Hovington (Controller/Director Of Finance)	$104,177	$0	$3,073
Thomas A Gorsuch (President)	$0	$0	$0
Cindy Jacisin (Vice President)	$0	$0	$0
Craig Kugler (Treasurer)	$0	$0	$0
Aaron Ambrosino (Secretary)	$0	$0	$0
Caren Cooper (Past President)	$0	$0	$0

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990

Filed on Nov. 12, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$8,863,689

Expenses

$8,687,505

Net Income

$176,184

Net Assets

$4,091,689

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,409,603	72.3%
Investment Income	$1,781	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$84,029	0.9%
Other Revenue	$1,329,370	15.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$361,009	4.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$878,409	10.1%

Assets/Debt
Total Assets	$10,022,697
Total Liabilities	$5,931,008
Net Assets	$4,091,689

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$184,478	$0	$6,347
Robert Sass (Panorama Editor)	$176,531	$0	$6,376
Manny Alban (Past President)	$0	$0	$0
Caren Cooper (President)	$0	$0	$0
Cindy Jacisn (Secretary)	$0	$0	$0
Aaron Ambrosino (Treasurer)	$0	$0	$0
Thomas Gorsuch (Vice President)	$0	$0	$0

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990

Filed on Nov. 5, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$8,741,080

Expenses

$8,485,693

Net Income

$255,387

Net Assets

$3,915,505

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$6,244,310	71.4%
Investment Income	$32,276	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$95,658	1.1%
Other Revenue	$1,114,215	12.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$302,803	3.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$792,349	9.3%

Assets/Debt
Total Assets	$9,507,632
Total Liabilities	$5,592,127
Net Assets	$3,915,505

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$168,970	$0	$5,868
Robert Sass (Panorama Editor)	$133,833	$0	$3,039
Manny Alban (Past President)	$0	$0	$0
Caren Cooper (President)	$0	$0	$0
Cindy Jacisn (Secretary)	$0	$0	$0
Aaron Ambrosino (Treasurer)	$0	$0	$0
Thomas Gorsuch (Vice President)	$0	$0	$0

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990

Filed on Oct. 26, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$8,046,084

Expenses

$7,613,929

Net Income

$432,155

Net Assets

$3,660,118

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,933,429	73.7%
Investment Income	$90,582	1.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$106,528	1.3%
Other Revenue	$756,356	9.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$167,651	2.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$970,247	12.7%

Assets/Debt
Total Assets	$8,041,595
Total Liabilities	$4,381,477
Net Assets	$3,660,118

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Vu Nguyen (Executive Director)	$164,651	$0	$12,305
Pete Stout (Panorama Editor)	$116,239	$0	$11,265
Manny Alban (Past President)	$0	$0	$0
Caren Cooper (President)	$0	$0	$0
Cindy Jacisn (Secretary)	$0	$0	$0
Aaron Ambrosino (Treasurer)	$0	$0	$0
Thomas Gorsuch (Vice President)	$0	$0	$0

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990

Filed on Nov. 13, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$7,351,929

Expenses

$6,867,391

Net Income

$484,538

Net Assets

$3,227,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,240,419	71.3%
Investment Income	$58,642	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,839	0.0%
Net Inventory Sales	$101,806	1.4%
Other Revenue	$592,254	8.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$163,456	2.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$853,696	12.4%

Assets/Debt
Total Assets	$7,771,199
Total Liabilities	$4,543,236
Net Assets	$3,227,963

Club or Co-Op Income
Initiation Fees & Contributions	$0
Income From Public Use of Club Facilities	$0

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Pete Stout (Panorama Editor)	$208,343	$0	$11,327
Vu Nguyen (Executive Director)	$163,456	$0	$4,400
Manny Alban (Past President)	$0	$0	$0
Caren Cooper (President)	$0	$0	$0
Cindy Jacisn (Secretary)	$0	$0	$0
Aaron Ambrosino (Treasurer)	$0	$0	$0
Thomas Gorsuch (Vice President)	$0	$0	$0

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990

Filed on Nov. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$6,308,145

Expenses

$6,021,702

Net Income

$286,443

Net Assets

$2,743,425

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$5,200,451	82.4%
Investment Income	$43,541	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$50,507	0.8%
Other Revenue	$206,139	3.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$155,120	2.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$565,806	9.4%

Assets/Debt
Total Assets	$6,263,004
Total Liabilities	$3,519,579
Net Assets	$2,743,425

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
Pete Stout (Panorama Editor)	$183,721	$0	$5,353
Vu Nguyen (Executive Director)	$155,120	$0	$4,469
Manny Alban (President)	$0	$0	$0
Caren Cooper (Vice President)	$0	$0	$0
Sean Reardon (Secretary)	$0	$0	$0
Thomas Gorsuch (Treasurer)	$0	$0	$0
Kurt Gibson (Past President)	$0	$0	$0

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990

Filed on Nov. 13, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$5,402,612

Expenses

$4,982,291

Net Income

$420,321

Net Assets

$2,456,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$4,469,192	82.7%
Investment Income	$20,069	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$47,958	0.9%
Other Revenue	$87,716	1.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$150,918	3.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$369,081	7.4%

Assets/Debt
Total Assets	$6,310,550
Total Liabilities	$3,853,568
Net Assets	$2,456,982

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
Vu Nguyen (Executive Director)	$142,002	$0	$8,916
Pete Stout (Panorama Editor)	$140,000	$0	$10,068
Manny Alban (President)	$0	$0	$0
Caren Cooper (Vice President)	$0	$0	$0
Thomas Gorsuch (Treasurer)	$0	$0	$0
Sean Reardon (Secretary)	$0	$0	$0
Kurt Gibson (Past President)	$0	$0	$0

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990

Filed on Nov. 7, 2014

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.

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Types of Nonprofits

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Porsche Club Of America Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $12M (2023)

Expenses $11.6M (2023)

Total Assets $12.1M (2023)

Total Liabilities $6.16M (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Revenue

$12M (2023)

Expenses

$11.6M (2023)

Total Assets

$12.1M (2023)

Total Liabilities

$6.16M (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004