2019-10-25T09:43:25-05:00 2018-12-31 475324570 INSERO & CO CPAS LLP 401 E STATE STREET SUITE 500 ITHACA NY 14850 990 2018-01-01 161572964 WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC WATK 6079362560 610 S DECATUR ST WATKINS GLEN NY 14891 JOHN R SAUNDERS CHAIRMAN 6079362560 2019-10-17 1 DUANE SHOEN P00503316 6072724444 98.159.211.134 2019-10-17 07:31:59 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BCEACE9A735E692F06B05E4E410769C0F2EA83B4 2018 2020-01-14 16:20:31Z JOHN R SAUNDERS 610 S DECATUR ST WATKINS GLEN NY 14891 1951881 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. 19 19 11 30 0 0 212082 638118 2803 10343 186523 146198 159827 48005 561235 842664 0 0 0 0 354069 363891 0 0 5790 273511 318481 627580 682372 -66345 160292 4136122 3948242 52847 44732 4083275 3903510 X THE MISSION OF THE INTERNATIONAL MOTOR RACING RESEARCH CENTER AT WATKINS GLEN IS 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 358150 10343 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. 358150 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 0 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 5 1 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 VICE CHAIRMAN/ CHAIRMAN 0.50 X X 0 0 0 J ROBERT HENDERSON TRUSTEE- PART YEAR 0.50 X 0 0 0 ARCHIE URCIUOLI SECRETARY 0.50 X X 0 0 0 LARRY KESSLER TRUSTEE/ VICE CHAIR 0.50 X X 0 0 0 MICHAEL PRINTUP TRUSTEE 0.50 X 0 0 0 BOBBY RAHAL CHAIRMAN/TRUSTEE 0.50 X X 0 0 0 ROBERT M NEWMAN JR TRUSTEE 0.50 X 0 0 0 LAWRENCE AURIANA TRUSTEE 0.50 X 0 0 0 GREGORY G GALDI TRUSTEE 0.50 X 0 0 0 MITCHELL BISHOP TRUSTEE 0.50 X 0 0 0 TONY PARELLA TRUSTEE 0.50 X 0 0 0 SCOTT WELLIVER TREASURER 0.50 X X 0 0 0 EVAN EARLE TRUSTEE 0.50 X 0 0 0 DAVID PORTER TRUSTEE 0.50 X 0 0 0 PETER ARGETSINGER TRUSTEE 0.50 X 0 0 0 R DAVID JONES TRUSTEE 0.50 X 0 0 0 HANK KIMBALL TRUSTEE 0.50 X 0 0 0 BILL BRANSON TRUSTEE 0.50 X 0 0 0 PHIL HENDERSON TRUSTEE 0.50 X 0 0 0 NICK CROW TRUSTEE 0.50 X 0 0 0 THOMAS E WEIDEMANN EXECUTIVE DIRECTOR- PART YEAR 40.00 X 49933 0 0 TIM COLEMAN INTERIM EXECUTIVE DIRECTOR 40.00 X 8380 0 0 58313 0 0 0 0 0 0 0 94240 110304 433574 43294 638118 OTHER INCOME 900099 6383 6383 RESEARCH SERVICES 900099 3960 3960 10343 63748 63748 1098619 1016169 82450 82450 82450 35500 110304 50675 -15175 -15175 105553 42373 63180 63180 842664 10343 0 194203 X 58313 43735 14578 246546 184909 61637 26438 17029 9409 32594 24446 8148 7453 2592 4861 3700 3700 43324 43324 82343 20732 61611 22679 20993 1686 33074 3330 29744 21442 21442 39797 6233 33564 17016 10126 6890 15065 11299 3766 3648 725 2923 COLLECTION EXPENSES 10751 10685 66 REPAIRS & MAINTENANCE 6372 6372 OTHER FUNDRAISING & DEV 5790 5790 SALES TAX EXPENSE 3547 3547 2480 1316 1164 682372 358150 318432 5790 4082 19991 83876 87684 6148 233769 66676 182158 167093 3859858 3670959 0 2515 4136122 3948242 52847 44732 52847 44732 X 1689214 1229449 2394061 2674061 4083275 3903510 4136122 3948242 160292 -340057 0 X X 0 1 X 1 0 X 288137 339828 260368 212082 638118 1738533 288137 339828 260368 212082 638118 1738533 284369 1454164 115351 106466 108309 151355 63748 545229 2283762 913989 0.63670 0.64330 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: BEQUEST DATE: 10/17/15 AMOUNT: 483949. X X X 1 50000 50000 45560 35345 10215 138209 31331 106878 167093 552331 -340057 93048 -247009 799340 43324 43324 842664 732096 93048 93048 639048 43324 43324 682372 PART III, LINE 1A: THE COUNCIL HOUSES AN EXTENSIVE COLLECTION OF INFORMATION ON THE SPORT OF MOTOR RACING. BECAUSE OF THE INDETERMINATE VALUE OF THESE COLLECTIONS, THEY HAVE NOT BEEN CAPITALIZED ON THE COUNCIL'S FINANCIAL STATEMENTS. THE COUNCIL MAINTAINS ITS COLLECTION IN AN ADDITION TO THE WATKINS GLEN PUBLIC LIBRARY. ITEMS IN THE COLLECTION ARE MAINTAINED AND CATALOGUED FOR MAINTENANCE PURPOSES. ALL COLLECTION ITEMS ARE MAINTAINED IN THE LIBRARY ADDITION; NO ITEMS ARE TAKEN OFF THE PREMISES. SOME ITEMS THAT ARE RECEIVED, WHICH DUPLICATE ITEMS IN THE COLLECTION, ARE SOLD TO INTERESTED PARTIES TO RAISE ADDITIONAL FUNDS FOR THE COUNCIL. PART III, LINE 4: THE COUNCIL HOUSES AN EXTENSIVE COLLECTION OF INFORMATION ON THE SPORT OF MOTOR RACING. BECAUSE OF THE INDETERMINATE VALUE OF THESE COLLECTIONS, THEY HAVE NOT BEEN CAPITALIZED ON THE COUNCIL'S FINANCIAL STATEMENTS. THE COUNCIL MAINTAINS ITS COLLECTION IN AN ADDITION TO THE WATKINS GLEN PUBLIC LIBRARY. ITEMS IN THE COLLECTION ARE MAINTAINED AND CATALOGUED FOR MAINTENANCE PURPOSES. ALL COLLECTION ITEMS ARE MAINTAINED IN THE LIBRARY ADDITION; NO ITEMS ARE TAKEN OFF THE PREMISES. SOME ITEMS THAT ARE RECEIVED, WHICH DUPLICATE ITEMS IN THE COLLECTION, ARE SOLD TO INTERESTED PARTIES TO RAISE ADDITIONAL FUNDS FOR THE COUNCIL. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING AND GAMING COSTS 93,048. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT FUNDRAISING AND GAMING COSTS 93,048. CRA AWARD DINNER 135215 100000 35215 550 31011 1425 17689 COLLECTIBLES SALE 10304 10304 145519 110304 35215 550 31011 1425 17689 50675 -15460 105553 37000 5373 1 1.00000 105553 37000 5373 42373 63180 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 37000 ESTIMATED VALUE X 1 6294 MEAN PRICE 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 ORGANIZATIONS 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 DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 358. MANAGEMENT AND GENERAL EXPENSES 51,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 52,158. BOOKKEEPING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 9,686. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,686. PAYROLL SERVICE: PROGRAM SERVICE EXPENSES 374. MANAGEMENT AND GENERAL EXPENSES 125. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 499. EVENT PLANNING FEES: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR.