Nonprofit · EIN 23-6299971
BLUE COMET MOTORCYCLE CLUB INC
Tax-exempt · SKIPPACK, PA 19474
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $75,670 | $38,716 | $36,954 | $669,674 | $0 | $669,674 |
| December 31, 2024 | 990 | $80,462 | $53,741 | $26,721 | $632,720 | $0 | $632,720 |
| December 31, 2023 | 990 | $84,960 | $53,434 | $31,526 | $578,657 | $0 | $578,657 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,052
- Membership dues
- $6,253
- Program service revenue
- $19,094
- Investment income
- $15,911
- Net rental income
- $13,800
- Net income from gaming
- $7,424
- Net income from sales of inventory
- $783
- Other revenue
- $30,613
Expenses
- Grants and similar amounts paid
- $700
- Benefits paid to members
- $108
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $180
- Occupancy
- $12,517
- Program services (functional)
- $38,716
Balance sheet and other
- Total assets, start of year
- $632,720
- Total assets, end of year
- $669,674
- Total liabilities, end of year
- $0
- Net assets, end of year
- $669,674
- Land, buildings and equipment
- $450,910
- Publicly traded securities
- $182,671
- Gross receipts
- $84,139
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1913
- State of legal domicile
- PA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB JOSEPH | PRESIDENT Officer | 0 | $0 |
| JERRY DEWHURST | VICE PRESIDENT Officer | 0 | $0 |
| GARY ASSELONE | TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB JOSEPH | Vice President Trustee or director | 10 | $0 |
| CHIP MAIN | President Trustee or director | 10 | $0 |
| KEITH GENGLER | Treasurer Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB JOSEPH | Vice President Trustee or director | 10 | $0 |
| CHIP MAIN | President Trustee or director | 10 | $0 |
| KEITH GENGLER | Treasurer Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 234, SKIPPACK, PA 19474-0234
- In care of
- % GARY ASSELONE
- Principal officer (990 for 2025)
- GARY ASSELONE, 109 BURNSIDE AVE, Norristown, PA 19403
- Signed the 990
- GARY ASSELONE, TREASURER
- Phone
- (267) 905-0416
- Website
- WWW.BLUECOMETMC.COM
- Return prepared by
- MARILYN A BANYAI CFP CPA
Mission
ADVANCE THE INTERESTS OF MOTORCYCLISTS THROUGH EDUCATION, RACING AND OTHER EVENTS
Program accomplishments
- MOTORCYCLE RACES AND EDUCATIONAL EVENTS POKER RUNS ANNULAL BIKER BANQUESTExpenses $38,716 · revenue $75,670
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-6299971
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $669,674
- Income (IRS master file)
- $84,139
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $75,670 | $38,716 | $669,674 | XML |
| 990 | December 2024 | $80,462 | $53,741 | $632,720 | IRS |
| 990 | December 2023 | $84,960 | $53,434 | $578,657 | XML |
| 990 | December 2022 | $75,921 | $48,254 | $519,934 | IRS |
| 990 | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-6299971).
Questions about BLUE COMET MOTORCYCLE CLUB INC
- What is the EIN of BLUE COMET MOTORCYCLE CLUB INC?
- The employer identification number (EIN) of BLUE COMET MOTORCYCLE CLUB INC is 23-6299971.
- Is BLUE COMET MOTORCYCLE CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1952.
- Are donations to BLUE COMET MOTORCYCLE CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does BLUE COMET MOTORCYCLE CLUB INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BLUE COMET MOTORCYCLE CLUB INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLUE COMET MOTORCYCLE CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BLUE COMET MOTORCYCLE CLUB INC?
- The 990 for the year ended December 31, 2025 names GARY ASSELONE.
- Who are the officers and directors of BLUE COMET MOTORCYCLE CLUB INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does BLUE COMET MOTORCYCLE CLUB INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $75,670, expenses of $38,716 and total assets of $669,674 at year end.
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