2024-11-15T07:28:20-06:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2023-01-01 161572964 WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC WATK 6075359044 610 S DECATUR ST WATKINS GLEN NY 14891 JOHN R SAUNDERS CHAIRMAN 6075359044 2024-11-11 1 1 KATHERINE E STICKLER CPA P00385238 6077344183 2024-11-11 2023 2024-10-15 13:58:12Z JOHN R SAUNDERS 610 S DECATUR ST WATKINS GLEN NY 14891 2485271 0 X WWW.RACINGARCHIVES.ORG X 1999 NY THE INTERNATIONAL MOTOR RACING RESEARCH CENTER COLLECTS, SHARES AND PRESERVES THE HISTORY OF MOTORSPORTS. SPANNING CONTINENTS, ERAS AND RACE SERIES, THE CENTER'S COLLECTION EMBODIES THE SPEED, DRAMA AND CAMARADERIE OF AMATEUR AND PROFESSIONAL MOTOR RACING THROUGHOUT THE WORLD. THE CENTER WELCOMES SERIOUS RESEARCHERS AND THE CASUAL FANS ALIKE TO SHARE STORIES OF RACE DRIVERS, RACE SERIES, AND RACE CARS CAPTURED ON OUR SHELVES AND WALLS, AND BROUGHT TO LIFE THROUGH A REGULAR CALENDAR OF PUBLIC LECTURES AND SPECIAL EVENTS. THE CENTER'S COLLECTION DOCUMENTS THE HISTORY OF RACING IN THE MORE THAN 4000 BOOKS OR 250 DIFFERENT MOTORSPORTS MAGAZINES AND NEWSPAPERS TITLES; CLUB AND SANCTIONING BODY RECORDS; RACE RESULTS, PROGRAMS AND POSTERS; PAPERS OF MOTORSPORTS JOURNALISTS AND SCHOLARS; CORRESPONDENCE OF RACE ORGANIZERS; AND STILL AND MOVING IMAGES HOUSED ONSITE AND IN OUR EXPANDING OFFSITE COLLECTIONS STORAGE FACILITIES. ITS KNOWLEDGEABLE RESEARCH AND ARCHIVES STAFF ASSISTS HUNDRE 16 16 10 20 0 0 586153 486850 49248 29083 194051 87496 74704 -22863 904156 580566 0 0 0 0 410002 385755 0 0 194535 466094 340469 876096 726224 28060 -145658 5001610 5064582 205684 94515 4795926 4970067 X THE INTERNATIONAL MOTOR RACING RESEARCH CENTER COLLECTS, SHARES AND PRESERVES THE HISTORY OF MOTORSPORTS. SPANNING CONTINENTS, ERAS AND RACE SERIES, THE CENTER'S COLLECTION EMBODIES THE SPEED, DRAMA AND CAMARADERIE OF AMATEUR AND PROFESSIONAL MOTOR RACING THROUGHOUT THE WORLD. THE CENTER WELCOMES SERIOUS RESEARCHERS AND THE CASUAL FANS ALIKE TO SHARE STORIES OF RACE DRIVERS, RACE SERIES, AND RACE CARS CAPTURED ON OUR SHELVES AND WALLS, AND BROUGHT TO LIFE THROUGH A REGULAR CALENDAR OF PUBLIC LECTURES AND SPECIAL EVENTS. THE CENTER'S COLLECTION DOCUMENTS THE HISTORY OF RACING IN THE MORE THAN 4000 BOOKS OR 250 DIFFERENT MOTORSPORTS MAGAZINES AND NEWSPAPERS TITLES; CLUB AND SANCTIONING BODY RECORDS; RACE RESULTS, PROGRAMS AND POSTERS; PAPERS OF MOTORSPORTS JOURNALISTS AND SCHOLARS; CORRESPONDENCE OF RACE ORGANIZERS; AND STILL AND MOVING IMAGES HOUSED ONSITE AND IN OUR EXPANDING OFFSITE COLLECTIONS STORAGE FACILITIES. ITS KNOWLEDGEABLE RESEARCH AND ARCHIVES STAFF ASSISTS HUNDRE 0 0 244937 29083 A VALUABLE COLLECTION OF RESEARCH AND ARCHIVAL MATERIALS DOCUMENTING THE HISTORY OF MOTORSPORTS ARE ACQUIRED THROUGH DONATION AND MAINTAINED AS A RESOURCE FOR THE RACING COMMUNITY AND THE GENERAL PUBLIC. THE CENTER SERVES AS THE CUSTODIAN OF THE ARCHIVES OF THE SPORTS CAR CLUB OF AMERICA, THE LARGEST CLUB FOR AUTOMOBILE RACING IN THE UNITED STATES. IT SHARES ITS HISTORICAL COLLECTIONS THROUGH AN ACTIVE RESEARCH AND REFERENCE SERVICES PROGRAM, PUBLIC EVENTS, AND EXHIBITIONS AS WELL AS ONLINE UTILIZING ITS WEBSITE, SOCIAL MEDIA PLATFORMS, AND ELECTRONIC PUBLICATIONS. 244937 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 21 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 NY X X X THE ORGANIZATION 6075359044 610 S DECATUR ST WATKINS GLEN NY 14891 JOHN R SAUNDERS CHAIRMAN 0.50 X X 0 0 0 LARRY KESSLER VICE CHAIRMAN 0.50 X X 0 0 0 BILL BRANSON VICE CHAIRMAN 0.50 X X 0 0 0 SCOTT WELLIVER TREASURER 0.50 X X 0 0 0 BEREN ARGETSINGER SECRETARY 0.50 X X 0 0 0 DAWN BURLEW TRUSTEE 0.50 X 0 0 0 NICHOLAS CRAW TRUSTEE 0.50 X 0 0 0 CHRIS DYSON TRUSTEE 0.50 X 0 0 0 EVAN FAY EARLE TRUSTEE 0.50 X 0 0 0 JOHN CGORSLINE TRUSTEE 0.50 X 0 0 0 PHIL HENDERSON TRUSTEE 0.50 X 0 0 0 MICHAEL PRINTUP TRUSTEE 0.50 X 0 0 0 ROB ROESSEL TRUSTEE 0.50 X 0 0 0 DINAH GUELDENPFENNIG WEISBERG TRUSTEE 0.50 X 0 0 0 CHIP WILE TRUSTEE 0.50 X 0 0 0 DARYL Q WOLFE TRUSTEE 0.50 X 0 0 0 PHYLLISA DESARNO TRUSTEE 0.50 X 0 0 0 MARK STEIGERWALD EXECUTIVE DIRECTOR 40.00 X 92700 0 0 92700 0 0 0 0 0 0 0 91909 49336 345605 486850 OTHER 900099 23974 23974 RESEARCH SERVICES 900099 5109 5109 29083 135656 135656 1813518 1861678 -48160 -48160 -48160 20164 49336 43027 -22863 -22863 580566 29083 0 64633 92700 37080 55620 240091 169533 58879 11679 20969 5523 14437 1009 31995 16299 9226 6470 22358 22358 39024 39024 4490 4490 27826 604 27222 25787 25787 20103 2700 7315 10088 71681 42363 29318 43 43 SWEEPSTAKES SOLICITATIO 63591 63591 SWEEPSTAKES PRIZE 43000 43000 SPECIAL EVENTS 10537 220 7239 3078 RETAIL SALES 6724 2652 4072 5305 5043 262 726224 244937 286752 194535 98806 33545 949 889 12397 9344 142778 97778 50000 45000 4684883 4448844 154575 526960 5001610 5064582 143447 58432 62237 36083 205684 94515 X 2813083 3441103 1982843 1528964 4795926 4970067 5001610 5064582 -145658 319799 0 X X 0 1 X 1 0 X 434981 621907 828124 586153 486850 2958015 434981 621907 828124 586153 486850 2958015 102814 2855201 105241 106974 129688 135063 135656 612622 3570637 117093 0.79960 0.78140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 4684883 81235 368271 685545 4448844 5324494 9708 -532519 116800 4684883 4646684 25000 652810 5324494 4305155 81263 330266 70000 4646684 3739567 663588 98000 4305155 0.65630 0.27020 0.07350 0 0 45000 45000 45560 45560 0 52218 52218 0 45000 OPERATING LEASE RIGHT-OF-USE ASSET 36083 CONSTRUCTION IN PROGRESS 489377 OTHER CURRENT ASSET 1500 526960 OPERATING LEASE LIABILITY 36083 36083 X 857731 319799 13125 43027 375951 481780 39024 59762 98786 580566 683590 13125 43027 56152 627438 39024 59762 98786 726224 PART III, LINE 1A: THE COUNCIL'S COLLECTIONS ARE HELD FOR EDUCATION, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE COUNCIL'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS OR REVENUE IN THE FINANCIAL STATEMENTS. PART V, LINE 4: THE ORGANIZATION HAS A BUILDING ENDOWMENT FUND AS WELL AS AN ENDOWMENT TO SUPPORT OPERATIONS. PART X, LINE 2: THE COUNCIL IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL AND STATE INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE REGULATIONS. THE COUNCIL FILES TAX RETURNS IN VARIOUS JURISDICTIONS AND IS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES. THE COUNCIL'S CURRENT AND PRIOR THREE YEARS TAX RETURNS REMAIN SUBJECT TO REVIEW BY TAXING AUTHORITIES. MANAGEMENT OF THE COUNCIL BELIEVES IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 43,027. PART XI, LINE 4B - OTHER ADJUSTMENTS: SWEEPSTAKES PRIZE COST NETTED WITH REVENUE IN FINANCIAL STATEMENTS 59,762. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 43,027. PART XII, LINE 4B - OTHER ADJUSTMENTS: SWEEPSTAKES PRIZE COST NETTED WITH REVENUE IN FINANCIAL STATEMENTS 59,762. CRA AWARD DINNER 69500 49336 20164 16762 26265 69500 49336 20164 16762 26265 43027 -22863 X 0 X 0 X 1 30255 FMV ON OPEN MARKET X 9 0 X GRAPHIC MATERIALS 4 0 0 1 0 PART I, LINE 33: THE COUNCIL'S COLLECTIONS ARE HELD FOR EDUCATION, RESEARCH, AND CURATORIAL PURPOSES. EACH OF THE ITEMS IS CATALOGED, PRESERVED AND CARED FOR. THE COLLECTIONS, WHICH WERE ACQUIRED THROUGH CONTRIBUTIONS SINCE THE COUNCIL'S INCEPTION, ARE NOT RECOGNIZED AS ASSETS OR REVENUE IN THE FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS A COPY OF THE FORM 990 BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C A GOVERNING COUNCIL MEMBER, OFFICER OR KEY STAFF MEMBER SHALL DISCLOSE A CONFLICT OF INTEREST ON THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT FORM ANNUALLY OR UPON KNOWN CONFLICT TO THE GOVERNING COUNCIL CHAIRMAN AND SECRETARY FORM 990, PART VI, SECTION B, LINE 15A THE GOVERNING COUNCIL MEMBERS APPROVE EXECUTIVE DIRECTOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR.