Nonprofit · EIN 54-1661341
FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC
Tax-exempt · VIRGINIA BCH, VA 23453
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $299,270 | $302,430 | -$3,160 | $138,355 | $0 | $138,355 |
| December 31, 2024 | 990 | $217,026 | $246,649 | -$29,623 | $141,515 | $0 | $141,515 |
| December 31, 2023 | 990 | $249,360 | $208,063 | $41,297 | $173,575 | $0 | $173,575 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $26,530
- Membership dues
- $9,985
- Program service revenue
- $272,740
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $275
- Accounting fees
- $1,800
- Program services (functional)
- $298,782
- Management and general (functional)
- $3,648
Balance sheet and other
- Total assets, start of year
- $141,515
- Total assets, end of year
- $138,355
- Total liabilities, end of year
- $0
- Net assets, end of year
- $138,355
- Net assets without donor restrictions
- $138,355
- Gross unrelated business income
- $1,849
- Gross receipts
- $299,270
- Employees
- 0
- Volunteers
- 85
- Year formed
- 1971
- State of legal domicile
- VA
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 |
|---|---|---|---|
| RICH CAO | PRESIDENT Trustee or director | 4 | $0 |
| JOSIE GRANDFIELD | VICE PRESIDE Trustee or director | 3 | $0 |
| MANUEL CALO VAZQUEZ | VICE PRESIDE Trustee or director | 3 | $0 |
| CARL BESS | SECRETARY Trustee or director | 3 | $0 |
| JOHN SCHWAEBLER | TREASURER Trustee or director | 4 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIK APOTHEKER | PRESIDENT Trustee or director | 5 | $0 |
| JIM HAMEL | VICE PRESIDE Trustee or director | 5 | $0 |
| MICHAEL BALL | VICE PRESIDE Trustee or director | 5 | $0 |
| JOHN GREENE | SECRETARY Trustee or director | 5 | $0 |
| JOHN SCHWAEBLER | TREASURER Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIK APOTHEKER | President Trustee or director, Officer | 3 | $0 |
| JIM HAMEL | Vice President Trustee or director, Officer | 3 | $0 |
| MICHAEL BALL | Vice President Trustee or director, Officer | 3 | $0 |
| JOHN GREENE | Secretary Trustee or director, Officer | 3 | $0 |
| JERRY KENT | Treasurer Trustee or director, Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2505 HORSE PASTURE RD STE 102, VIRGINIA BCH, VA 23453-2988
- In care of
- % ALEX H BELL II
- Principal officer (990 for 2025)
- RICH CAO, 2505 HORSE PASTURE RD, STE 102, VIRGINIA BEACH, VA 23453
- Signed the 990
- JOHN SCHWAEBLER, TREASURER
- Phone
- (757) 679-2626
- Website
- WWW.FSRPCA.ORG
- Return prepared by
- PADGETT VIRGINIA BEACH
Mission
1. PROMOTE SAFE AND COURTEOUS DRIVING: UPHOLD THE HIGHEST STANDARDS OF SAFETY AND RESPECT ON THE ROAD AT ALL TIMES. 2. ENJOY AND SHARE FELLOWSHIP: EMBRACE THE CAMARADERIE AND GOODWILL THAT COMES WITH PORSCHE OWNERSHIP AND PARTICIPATE IN SOCIAL EVENTS THAT BRING MEMBERS TOGETHER. 3. MAINTAIN HIGH OPERATIONAL STANDARDS: STRIVE FOR OPTIMAL PERFORMANCE AND QUALITY OF PORSCHE VEHICLES BY ACTIVELY SHARING TECHNICAL AND MECHANICAL KNOWLEDGE AMONG MEMBERS. 4. BUILD STRONG RELATIONSHIPS: CULTIVATE MUTUALLY BENEFICIAL PARTNERSHIPS WITH PORSCHE, DEALERSHIPS, AND RELATED SERVICES, WHILE SUPPORTING THE PORSCHE BRANDS LEADING POSITION IN THE SPORTS CAR INDUSTRY. 5. ENCOURAGE GLOBAL EXCHANGE OF IDEAS: PROMOTE THE SHARING OF IDEAS AND SUGGESTIONS WITH OTHER PORSCHE CLUBS WORLDWIDE. 6. FOSTER COOPERATION WITH OTHER CLUBS: BUILD COLLABORATIVE RELATIONSHIPS WITH OTHER SPORTS CAR CLUBS FOR MUTUAL BENEFIT.
Program accomplishments
- ORGANIZED AND HOSTED HIGH PERFORMANCE DRIVER EDUCATION (HPDE) EVENTS, OFFERING MEMBERS A SAFE, STRUCTURED, AND CONTROLLED ENVIRONMENT TO DEVELOP THEIR DRIVING SKILLS, DEEPEN THEIR UNDERSTANDING OF VEHICLE DYNAMICS AND ROAD SAFETY, AND ENCOURAGE RESPONSIBLE VEHICLE OPERATION.Expenses $225,782 · revenue $230,941
- THE FIRST SETTLERS REGION PORSCHE CLUB DEMONSTRATED A STRONG COMMITMENT TO COMMUNITY SERVICE BY ACTIVELY SUPPORTING CHARITABLE ORGANIZATIONS. OUR EFFORTS INCLUDED VOLUNTEERING OUR TIME AND COORDINATING GENEROUS DONATIONS FROM OUR MEMBERS TO SPONSOR LOCAL PROGRAMS. ADDITIONALLY, WE CONTRIBUTED TO THE FOODBANK OF SOUTHEASTERN VIRGINIA AND HABITAT FOR HUMANITY, HELPING TO IMPROVE THE LIVES OF THOSE IN NEED IN OUR COMMUNITY.Expenses $22,925 · revenue $7,562
- ORGANIZED AND HOSTED A VARIETY OF MEMBER EVENTS, INCLUDING SOCIAL GATHERINGS, DRIVING TOURS, CARS & COFFEE EVENTS, BREAKFASTS, TECHNICAL SESSIONS, AND SPECIAL CLUB ACTIVITIES THAT FOSTERED FELLOWSHIP, STRENGTHENED MEMBER RELATIONSHIPS, ENCOURAGED PARTICIPATION IN CLUB PROGRAMS, AND ENHANCED THE OVERALL PORSCHE OWNERSHIP EXPERIENCE.Expenses $43,146 · revenue $42,061
- PUBLISHED THE HORIZONTALLY OPPOSED NEWSLETTER TO KEEP MEMBERS INFORMED AND ENGAGED WITH THE CLUBS ACTIVITIES AND PROGRAMS. EACH EDITION HIGHLIGHTED UPCOMING EVENTS, DRIVER EDUCATION SESSIONS, TECHNICAL ARTICLES, PORSCHE HISTORY AND MODEL SPOTLIGHTS, MEMBER STORIES, EVENT RECAPS, VOLUNTEER RECOGNITION, CLUB ANNOUNCEMENTS, AND OTHER CONTENT DESIGNED TO ENCOURAGE PARTICIPATION AND ENRICH THE PORSCHE OWNERSHIP EXPERIENCE.Expenses $6,929
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
- 54-1661341
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public safety, disaster preparedness and relief (M40)
- Assets (IRS master file)
- $138,355
- Income (IRS master file)
- $299,270
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $299,270 | $302,430 | $138,355 | XML |
| 990 | December 2024 | $217,026 | $246,649 | $141,515 | XML |
| 990 | December 2023 | $249,360 | $208,063 | $173,575 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 54-1661341).
Questions about FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC
- What is the EIN of FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC?
- The employer identification number (EIN) of FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC is 54-1661341.
- Is FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2012.
- Are donations to FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA 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 FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA 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 FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA 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 FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC?
- The 990 for the year ended December 31, 2025 names RICH CAO.
- Who are the officers and directors of FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FIRST SETTLERS REGION PORSCHE CLUB OF AMERICA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $299,270, expenses of $302,430 and total assets of $138,355 at year end.
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