2024-05-31T12:15:50-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2023-01-01 251381839 STUDEBAKER DRIVERS CLUB STUD 8107932452 PO BOX 3044 SOUTH BEND IN 46619 JANE STINSON TREASURER 8107932452 2024-05-24 1 JANE STINSON 999009999 1 JAMES R FRIES P01320612 5404346736 2024-05-21 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JANE STINSON PO BOX 3044 SOUTH BEND IN 46619 402321 0 X WWW.STUDEBAKERDRIVERSCLUB.COM X 1962 VA PROVIDE MEMBERSHIP SERVICES FOR RESTORATION OF VEHICLES; PUBLICATION OF "TURNING WHEELS" MAGAZINE; PROVIDE FUNDS TO RUN SDC MUSEUM; EDUCATE PUBLIC 16 15 0 500 63716 27183 302725 280675 57320 50686 20995 28182 48547 42778 429587 402321 0 0 0 0 13100 0 0 0 0 435521 421801 448621 421801 -19034 -19480 1360310 1324110 79633 62913 1280677 1261197 THE PURPOSE OF THE STUDEBAKER DRIVERS CLUB IS TO HONOR THE STUDEBAKER AUTOMOBILE AND ALL OF THE STUDEBAKER-RELATED PRODUCTS. 0 0 PUBLICATION OF "TURNING WHEELS MAGAZINE" FOR MEMBERS MAILING AND DISTRIBUTION COSTS OF THE MAGAZINE. PLANNING AND EXECUTION OF AN INTERNATIONAL MEET WHICH INCLUDES A CAR SHOW. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 0 1 0 0 0 X JANE STINSON 8107932452 PO BOX 3044 SOUTH BEND IN 46619 X DENNIS FOUST PRESIDENT 10.00 X X 0 0 0 DON JONES VICE PRESIDENT 10.00 X X 0 0 0 CINDY FOUST SECRETARY 10.00 X X 0 0 0 JANE STINSON TREASURER 30.00 X X 0 0 0 TOM CURTIS PAST PRESIDENT 1.00 X X 0 0 0 CARL THOMPSON PARLIMENTARIAN 1.00 X X 0 0 0 FRANK PHILIPPI DIRECTOR 1.00 X 0 0 0 STEVE GRANT DIRECTOR 1.00 X 0 0 0 MARK CARSON DIRECTOR 1.00 X 0 0 0 DON COX DIRECTOR 1.00 X 0 0 0 TOM SEXTON DIRECTOR 1.00 X 0 0 0 CLYDE FURR DIRECTOR 1.00 X 0 0 0 PHIL HENDERSON DIRECTOR 1.00 X 0 0 0 HARVEY SNITZER DIRECTOR 1.00 X 0 0 0 ED SMITH DIRECTOR 1.00 X 0 0 0 CHARLES DONKLE DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 SHERIDAN PRESS PO BOX 842377 BOSTON MA 02284 PRINTING 112064 1 276135 4540 280675 INTERNATIONAL MEETING 561439 50686 50686 50686 6052 6052 22130 0 22130 22130 22130 1452 0 1452 1452 ADVERTISING 541800 35534 35534 MISCELLANEOUS 900099 5792 5792 41326 402321 57930 63716 0 X 23600 3625 10286 6768 UNRELATED BUSINESS INCO 14424 PRINTING & POSTAGE 222986 EDITORS'S FEES & COMMIS 64276 MEMBERSHIP FEES 28514 47322 421801 267382 203117 1092928 1120993 1360310 1324110 79633 62913 79633 62913 X 1280677 1261197 1280677 1261197 1360310 1324110 -19480 0 X X 1 X 0 1 0 0 RESTORATION FUND LIABILITY 23252 MUSEUM CAPITAL FUND LIABILITY 39661 62913 X PART X, LINE 2: STUDEBAKER DRIVERS CLUB, INC IS A NOT-FOR-PROFIT CORPORATION EXEMPT FROM PAYMENT OF FEDERAL INCOME TAX UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. UNRELATED BUSINESS INCOME RESULTS FROM CERTAIN ADVERTISING IN THE CLUB'S MAGAZINE. THE CLUB UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY THAN NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. AS OF DECEMBER 31, 2023, THE CLUB HAS NO UNCERTAIN TAX PROVISIONS THAT QUALIFY FOR RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION A, LINE 2 DENNIS FOUST, PRESIDENT, AND CINDY FOUST, SECRETARY, ARE HUSBAND AND WIFE. FORM 990, PART VI, SECTION A, LINE 6 AS THE ORGANIZATION IS A CAR CLUB FOR STUDEBAKER ENTHUSIASTS, IT HAS APPROXIMATELY 8,673 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE DISTRICT DIRECTORS OF THE ORGANIZATION ARE ELECTED BY EACH DISTRICT'S MEMBERS. THE DISTRICT DIRECTORS THEN ELECT THE CORPORATE OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE TREASURER PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C IF A CONFLICT OF INTEREST SHOULD ARISE, THE BOARD OF DIRECTORS ADDRESSES THE CONFLICT AND DETERMINES THE COURSE OF ACTION TO BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS VOTES ON COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE PUBLISHED IN THE CLUB MAGAZINE AND ARE ALSO AVAILABLE UPON WRITTEN OR VERBAL REQUEST. FORM 990, PART IX, LINE 24E INTERNATIONAL MEETING 19,509. MEET REGISTRATION 10,649. FACILITIES 7,116. BANK CHARGES 7,070. MISCELLANEOUS 2,978. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT REVIEWS AND APPROVES THE FINANCIAL STATEMENTS AND FORM 990.