Nonprofit · EIN 75-1886342
LONE STAR CORVETTE CLUB INC
Tax-exempt · PLANO, TX 75075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $72,362 | $63,214 | $9,148 | $87,217 | $8,010 | $79,207 |
| December 31, 2023 | 990-EZ | $69,201 | $74,290 | -$5,089 | $79,299 | $9,240 | $70,059 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,136
- Membership dues
- $33,905
- Program service revenue
- $30,509
- Investment income
- $810
- Net income from sales of inventory
- $2,002
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Printing, publications and postage
- $7,031
- Other expenses
- $55,183
Balance sheet and other
- Total assets, start of year
- $79,299
- Total assets, end of year
- $87,217
- Total liabilities, end of year
- $8,010
- Net assets, end of year
- $79,207
- Cash, savings and investments
- $84,640
- Gross receipts
- $82,084
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ken Burks | President | 10 | $0 |
| Glenn Jones | Vice President | 0 | $0 |
| Quinn Morris | Financial Officer | 4 | $0 |
| Bill Bignall | Treasurer | 4 | $0 |
| Becky Corbitt | Recording Secretary | 4 | $0 |
| Kerry Hogan | Membership Officer | 4 | $0 |
| Jim Cook | Social Media Officer | 2 | $0 |
| Sean Hadley | Webmaster | 2 | $0 |
| Tom Carr | Recreational Events | 2 | $0 |
| Robert Perez | Competitive Events | 2 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Ellie Mendez | President | 10 | $0 |
| Ken Burks | Vice President | 10 | $0 |
| Glenn Jones | Treasurer | 4 | $0 |
| John Raiden | Financial Officer | 4 | $0 |
| Becky Corbitt | Recording Secretary | 4 | $0 |
| Tom Carr | Recreational Events | 2 | $0 |
| Kerry Hogan | Membership Officer | 2 | $0 |
| Sean Hadley | Webmaster | 2 | $0 |
| Robert Perez | Competitive Events | 2 | $0 |
| Jim Cook | Social Media Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2904 WEST PARKER ROAD UNIT 867712, PLANO, TX 75075-0000
- Signed the 990-EZ
- Robert Paton, Financial Advisor
- Phone
- (972) 712-8916
Mission
Affinity Organization for Corvette Owners and Admirers as Well as Funding Notable Independent Charities
Program accomplishments
- Affinity organization for Corvette owners and admirers as well as providing funds to independent charitiesgrants $1,000
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 75-1886342
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $87,217
- Income (IRS master file)
- $82,084
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $72,362 | $63,214 | $87,217 | IRS |
| 990-EZ | December 2023 | $69,201 | $74,290 | $79,299 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | 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 75-1886342).
Questions about LONE STAR CORVETTE CLUB INC
- What is the EIN of LONE STAR CORVETTE CLUB INC?
- The employer identification number (EIN) of LONE STAR CORVETTE CLUB INC is 75-1886342.
- Is LONE STAR CORVETTE CLUB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1983.
- Are donations to LONE STAR CORVETTE CLUB INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LONE STAR CORVETTE 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 LONE STAR CORVETTE CLUB INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LONE STAR CORVETTE CLUB INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of LONE STAR CORVETTE CLUB INC?
- The 990-EZ for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does LONE STAR CORVETTE CLUB INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $72,362, expenses of $63,214 and total assets of $87,217 at year end.
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