2021-07-14T12:53:42-05:00 2020-12-31 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2020-01-01 161572964 WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC WATK 6079362560 610 S DECATUR ST WATKINS GLEN NY 14891 JOHN R SAUNDERS CHAIRMAN 6079362560 2021-06-17 1 JOHN SAUNDERS 999009999 KATHERINE E STICKLER CPA P00385238 6077344183 2021-06-17 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JOHN R SAUNDERS 610 S DECATUR ST WATKINS GLEN NY 14891 2566793 0 X WWW.RACINGARCHIVES.ORG X 1999 NY TO BE THE WORLD-CLASS LEADER IN THE COLLECTION OF MATERIALS REPRESENTING THE DOCUMENTARY HERITAGE OF AMATEUR AND PROFESSIONAL MOTOR RACING, HIGHLIGHTING SPORTS CAR, FORMULA 1, NASCAR, AND VINTAGE AND HISTORIC RACING. THE RESEARCH CENTER MAINTAINS ARCHIVES FOR THE PERSONAL PAPERS OF DRIVERS, JOURNALISTS AND AUTHORS; RARE BOOKS, SERIAL PUBLICATIONS, AND REFERENCE BOOKS PERTAINING TO DRIVERS, CARS, RACES AND THE HISTORY OF MOTOR RACING; THE HISTORICAL RECORDS AND NEWSLETTERS OF CLUBS AND MOTOR RACING TEAMS AND CORPORATIONS; AND HISTORICAL PHOTOGRAPHS, MOVIE FILMS, VIDEOS, ORAL HISTORIES, AND MEMORABILIA. OPERATING ACCORDING TO PROFESSIONAL ARCHIVAL STANDARDS OF PRESERVATION AND BIBLIOGRAPHIC CATALOGUING, THE RESEARCH CENTER IS OPEN TO ALL FOR PRIMARY RESEARCH, OFFERS EXTENSIVE REFERENCE AND OTHER PUBLIC SERVICES, AND MAKES THE WEALTH OF GATHERED INFORMATION AVAILABLE WORLDWIDE THROUGH COMPUTER TECHNOLOGY. 16 16 9 19 0 0 434981 621907 13043 4387 204367 148477 -1805 19604 650586 794375 0 0 0 0 345036 355095 0 0 258190 209640 362740 554676 717835 95910 76540 4466605 4874605 43919 161082 4422686 4713523 X TO BE THE WORLD-CLASS LEADER IN THE COLLECTION OF MATERIALS REPRESENTING THE DOCUMENTARY HERITAGE OF AMATEUR AND PROFESSIONAL MOTOR RACING, HIGHLIGHTING SPORTS CAR, FORMULA 1, NASCAR, AND VINTAGE AND HISTORIC RACING. THE RESEARCH CENTER MAINTAINS ARCHIVES FOR THE PERSONAL PAPERS OF DRIVERS, JOURNALISTS AND AUTHORS; RARE BOOKS, SERIAL PUBLICATIONS, AND REFERENCE BOOKS PERTAINING TO DRIVERS, CARS, RACES AND THE HISTORY OF MOTOR RACING; THE HISTORICAL RECORDS AND NEWSLETTERS OF CLUBS AND MOTOR RACING TEAMS AND CORPORATIONS; AND HISTORICAL PHOTOGRAPHS, MOVIE FILMS, VIDEOS, ORAL HISTORIES, AND MEMORABILIA. OPERATING ACCORDING TO PROFESSIONAL ARCHIVAL STANDARDS OF PRESERVATION AND BIBLIOGRAPHIC CATALOGUING, THE RESEARCH CENTER IS OPEN TO ALL FOR PRIMARY RESEARCH, OFFERS EXTENSIVE REFERENCE AND OTHER PUBLIC SERVICES, AND MAKES THE WEALTH OF GATHERED INFORMATION AVAILABLE WORLDWIDE THROUGH COMPUTER TECHNOLOGY. 0 0 253777 4387 A VALUABLE COLLECTION OF BOOKS ON MOTOR RACING, ARCHIVES, JOURNALS, AND RECORDS ARE ACQUIRED AND MAINTAINED TO ACT AS A REFERENCE RESOURCE FOR THE GENERAL PUBLIC. 253777 1 1 0 0 0 0 0 0 0 0 1 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 1 0 0 0 0 0 0 0 0 1 0 1 9 1 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 1 1 0 0 0 NY X THE ORGANIZATION 6079362560 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 TONY PARELLA VICE CHAIRMAN 0.50 X X 0 0 0 MITCH BISHOP SECRETARY 0.50 X X 0 0 0 SCOTT WELLIVER TREASURER 0.50 X X 0 0 0 BILL BRANSON TRUSTEE 0.50 X 0 0 0 DAWN BURLEW TRUSTEE 0.50 X 0 0 0 NICHOLAS CRAW TRUSTEE 0.50 X 0 0 0 EVAN FAY EARLE TRUSTEE 0.50 X 0 0 0 GREGORY G GALDI 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 ARCHIE URCIUOLI 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 HANK KIMBALL TRUSTEE 0.50 X 0 0 0 DANIEL G DERUSHA EXECUTIVE DIRECTOR 40.00 X 85000 0 21207 85000 0 21207 0 0 0 0 0 102675 519232 54812 621907 RESEARCH SERVICES 900099 2576 2576 OTHER INCOME 900099 1811 1811 4387 106974 106974 1813921 1772418 41503 41503 41503 EMPLOYER TAX REFUND 900099 19604 19604 19604 794375 23991 0 148477 106207 42483 63724 212877 165205 35460 12212 6571 5646 593 332 29440 16328 6865 6247 17391 17391 32508 32508 3988 3988 18268 3169 15099 26296 26276 20 17557 2793 5917 8847 46826 43619 3207 4302 4302 14581 8980 5601 SWEEPSTAKES SOLICITATIO 104192 104192 SWEEPSTAKES PRIZE 62322 62322 COLLECTION EXPENSES 6919 6919 SPECIAL EVENTS 5204 322 4588 294 2386 796 1590 717835 253777 205868 258190 57236 148271 25351 12262 2500 3000 9843 12449 147778 95839 66520 51939 4305155 4646684 4466605 4874605 43919 103182 57900 43919 161082 X 2474801 2691526 1947885 2021997 4422686 4713523 4466605 4874605 76540 214297 0 X X 0 1 X 1 0 X 260368 212082 638118 434981 621907 2167456 260368 212082 638118 434981 621907 2167456 259592 1907864 108309 151355 63748 105241 106974 535627 2703083 27773 0.70580 0.66140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4305155 81263 330266 70000 4646684 3739567 663588 98000 4305155 0.56485 0.43515 0 0 50000 50000 45560 43670 1890 52218 52169 49 51939 X 913842 214297 214297 699545 32508 62322 94830 794375 623005 0 623005 32508 62322 94830 717835 PART V, LINE 4: THE ORGANIZATION HAS A BUILDING ENDOWMENT FUND AS WELL AS AN ENDOWMENT TO SUPPORT OPERATIONS. PRIOR YEAR INFORMATION FOR PART V IS NOT AVAILABLE. 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 HAS FILED FOR AND RECEIVED INCOME TAX EXEMPTIONS IN THE VARIOUS JURISDICTIONS WHERE IT IS REQUIRED TO DO SO. THE COUNCIL FILES A FORM 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND IN NEW YORK STATE. WITH FEW EXCEPTIONS, AS OF DECEMBER 31, 2020, THE COUNCIL IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED PRIOR TO DECEMBER 31, 2017. THE TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2017 THROUGH DECEMBER 31, 2020 ARE STILL SUBJECT TO POTENTIAL AUDIT BY THE IRS AND TAXING AUTHORITIES IN NEW YORK STATE. 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 4B - OTHER ADJUSTMENTS: SWEEPSTAKES PRIZE COST NETTED WITH REVENUE IN FINANCIAL STATEMENTS 62,322. PART XII, LINE 4B - OTHER ADJUSTMENTS: SWEEPSTAKES PRIZE COST NETTED WITH REVENUE IN FINANCIAL STATEMENTS 62,322. X 4 41687 FAIR VALUE X STORAGE SPACE 1 13125 ESTIMATED VALUE PER 0 0 0 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 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.