2020-07-14T08:56:04-05:00 2019-12-31 161092347 MENGEL METZGER BARR & CO LLP 333 EAST WATER ST STE 200 ELMIRA NY 14901 990 2019-01-01 161572964 WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC WATK 6079362560 610 S DECATUR ST WATKINS GLEN NY 14891 JOHN R SAUNDERS CHAIRMAN 6079362560 2020-06-26 1 KATHERINE E STICKLER CPA P00385238 6077344183 2020-06-26 69.49.130.51 2020-06-26 10:09:13 ED P B9876373ECD9E08E25EBE043B33A0D1C2403D862 F9E6590FAB14F4F0FB546A30E2CD3B901C2AA618 2019 2021-01-29 14:40:06Z JOHN R SAUNDERS 610 S DECATUR ST WATKINS GLEN NY 14891 2385467 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 24 0 0 638118 434981 10343 13043 146198 204367 48005 -1805 842664 650586 0 0 0 0 363891 345036 0 0 90915 318481 209640 682372 554676 160292 95910 3948242 4466605 44732 43919 3903510 4422686 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 270306 13043 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. 270306 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 4 1 1 9 1 0 0 0 0 0 1 1 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 MITCH BISHOP SECRETARY 0.50 X X 0 0 0 SCOTT WELLIVER TREASURER 0.50 X X 0 0 0 PETER ARGETSINGER TRUSTEE 0.50 X 0 0 0 BILL BRANSON TRUSTEE 0.50 X 0 0 0 NICHOLAS CRAW TRUSTEE 0.50 X 0 0 0 EVAN 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 HANK KIMBALL TRUSTEE 0.50 X 0 0 0 ROBERT M NEWMAN JR TRUSTEE 0.50 X 0 0 0 TONY PARELLA 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 R DAVID JONES TRUSTEE - PART YEAR 0.50 X 0 0 0 DANIEL G DERUSHA EXECUTIVE DIRECTOR 40.00 X 41245 0 15479 41245 0 15479 0 0 0 0 0 115105 93217 226659 84625 434981 OTHER INCOME 900099 9614 9614 RESEARCH SERVICES 900099 3429 3429 13043 105241 105241 1684532 1585406 99126 99126 99126 39660 93217 70607 -30947 -30947 108010 78868 29142 29142 650586 13043 0 202562 56724 22690 34034 236682 164909 34097 37676 16298 10057 2387 3854 35332 20713 6524 8095 519 519 14025 14025 37612 37612 5895 5895 13902 1372 12530 25991 370 25621 25928 3855 14817 7256 46648 43446 3202 4722 3199 1523 14582 8980 5602 COLLECTION EXPENSES 8576 8576 RETAIL SALES 6047 2505 3542 SPECIAL EVENTS 5193 2324 2869 554676 270306 193455 90915 19991 57236 87684 25351 2500 9843 147778 81258 167093 66520 3670959 4305155 2515 3948242 4466605 44732 43919 44732 43919 X 1229449 2474801 2674061 1947885 3903510 4422686 3948242 4466605 95910 496638 -73372 0 X X 0 1 X 1 0 X 339828 260368 212082 638118 434981 1885377 339828 260368 212082 638118 434981 1885377 284570 1600807 106466 108309 151355 63748 105241 535119 2420496 23386 0.66140 0.63670 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3739567 663588 98000 4305155 0.54750 0.45250 0 0 50000 50000 45560 39533 6027 52218 41725 10493 66520 X 1157882 496638 48270 544908 612974 37612 37612 650586 565334 48270 48270 517064 37612 37612 554676 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, 2019, 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, 2016. THE TAX RETURNS FOR YEARS ENDED DECEMBER 31, 2016 THROUGH DECEMBER 31, 2019 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 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING AND GAMING COSTS 48,270. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING AND GAMING COSTS 48,270. CRA AWARD DINNER 132620 92960 39660 7065 22640 40902 132620 92960 39660 7065 22640 40902 70607 -30947 108010 71500 7368 1 1.00000 108010 71500 7368 78868 29142 NY 1 0 1 0 1.00000 NICK ARGETSINGER 610 S DECATUR STREET WATKINS GLEN NY 14870 0 BOARD OF DIRECTORS BOARD MEMBERSHIP OVERSEES ALL FACETS OF RAFFLE MANAGEMENT X 0 X 1 71500 ESTIMATED VALUE X STORAGE SPACE 1 13125 ESTIMATED VALUE 1 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.