WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC (EIN 16-1572964)
Tax period
2017-01-01 to 2017-12-31
Filed
2018-11-15
IRS object ID
201803199349311640
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-11-15T14:13:18-06:00ReturnTs
Tax Period End2017-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN475324570PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1INSERO & CO CPAS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1401 E STATE STREETAddressLine1Txt
CityITHACACityNm
State AbbreviationNYStateAbbreviationCd
ZIP14850ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN161572964EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1WATKINS GLEN MOTOR RACINGBusinessNameLine1Txt
Business Name Line2RESEARCH COUNCIL INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlWATKBusinessNameControlTxt
Phone6079362560PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1610 S DECATUR STAddressLine1Txt
CityWATKINS GLENCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14891ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonTIM COLEMANPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone6079362560PhoneNum
Signature2018-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonDUANE SHOENPreparerPersonNm
PTINP00503316PTIN
Phone6072724444PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address98.159.211.134IPv4AddressTxt
FieldValueIRS element (for citing)
IP2018-11-15IPDt
IP Tm13:21:53IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id6C9B1A35775087DBDB8A6D25ECA509C7F6C27838AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerBOBBY RAHALPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1610 S DECATUR STAddressLine1Txt
CityWATKINS GLENCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14891ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$941,683GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RACINGARCHIVES.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO 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.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee10TotalEmployeeCnt
Total Volunteers30TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$260,368PYContributionsGrantsAmt
CY Contributions Grants$212,082CYContributionsGrantsAmt
PY Program Service Revenue$1,017PYProgramServiceRevenueAmt
CY Program Service Revenue$2,803CYProgramServiceRevenueAmt
PY Investment Income$155,365PYInvestmentIncomeAmt
CY Investment Income$186,523CYInvestmentIncomeAmt
PY Other Revenue$135,994PYOtherRevenueAmt
CY Other Revenue$159,827CYOtherRevenueAmt
PY Total Revenue$552,744PYTotalRevenueAmt
CY Total Revenue$561,235CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$225,042PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$354,069CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$24,347CYTotalFundraisingExpenseAmt
PY Other Expenses$211,596PYOtherExpensesAmt
CY Other Expenses$273,511CYOtherExpensesAmt
PY Total Expenses$436,638PYTotalExpensesAmt
CY Total Expenses$627,580CYTotalExpensesAmt
PY Revenues Less Expenses$116,106PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$66,345CYRevenuesLessExpensesAmt
Total Assets BOY$3,902,318TotalAssetsBOYAmt
Total Assets EOY$4,136,122TotalAssetsEOYAmt
Total Liabilities BOY$18,236TotalLiabilitiesBOYAmt
Total Liabilities EOY$52,847TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,884,082NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,083,275NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE 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.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$337,807ExpenseAmt
Revenue$2,803RevenueAmt
DescA 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.Desc
Total Program Service Expenses$337,807TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming ActivitiesYes (1)GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document3IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee10EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE ORGANIZATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6079362560PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1610 S DECATUR STAddressLine1Txt
CityWATKINS GLENCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14891ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (18 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JEAN S ARGETSINGER
TRUSTEE0.50Yes (X)$0$0$0
SYD SILVERMAN
TRUSTEE0.50Yes (X)$0$0$0
JOHN R SAUNDERS
VICE CHAIRMAN0.50Yes (X)$0$0$0Yes (X)
J ROBERT HENDERSON
TRUSTEE0.50Yes (X)$0$0$0
ARCHIE URCIUOLI
SECRETARY0.50Yes (X)$0$0$0Yes (X)
LARRY KESSLER
TRUSTEE0.50Yes (X)$0$0$0
MICHAEL PRINTUP
TRUSTEE0.50Yes (X)$0$0$0
BOBBY RAHAL
CHAIRMAN0.50Yes (X)$0$0$0Yes (X)
ROBERT M NEWMAN JR
TRUSTEE0.50Yes (X)$0$0$0
LAWRENCE AURIANA
TRUSTEE0.50Yes (X)$0$0$0
GREGORY G GALDI
TRUSTEE0.50Yes (X)$0$0$0
MAROLYN ROGERS
TRUSTEE0.50Yes (X)$0$0$0
MITCHELL BISHOP
TRUSTEE0.50Yes (X)$0$0$0
TONY PARELLA
TRUSTEE0.50Yes (X)$0$0$0
SCOTT WELLIVER
TREASURER0.50Yes (X)$0$0$0Yes (X)
EVAN EARLE
TRUSTEE0.50Yes (X)$0$0$0
DAVID PORTER
TRUSTEE0.50Yes (X)$0$0$0
THOMAS E WEIDEMANN
EXECUTIVE DIRECTOR40.00$69,801$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$69,801TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Fundraising$17,466FundraisingAmt
All Other Contributions$194,616AllOtherContributionsAmt
Total Contributions$212,082TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RESEARCH SERVICES900099$1,925$1,925
RENTAL INCOME900099$589$589
OTHER INCOME900099$289$289
FieldValueIRS element (for citing)
Total Program Service Revenue$2,803TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$151,355TotalRevenueColumnAmt
Exclusion$151,355ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$360,079SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$324,911SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$35,168SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$35,168TotalRevenueColumnAmt
Exclusion$35,168ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$140,840FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$17,466ContriRptFundraisingEventAmt
Fundraising Direct Expenses$23,521FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$117,319TotalRevenueColumnAmt
Exclusion$117,319ExclusionAmt
FieldValueIRS element (for citing)
Gaming Gross Income$74,524GamingGrossIncomeAmt
Gaming Direct Expenses$32,016GamingDirectExpensesAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,508TotalRevenueColumnAmt
Exclusion$42,508ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$561,235TotalRevenueColumnAmt
Related Or Exempt Func Income$2,803RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$346,350ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$69,801TotalAmt
Program Services$52,351ProgramServicesAmt
Management And General$17,450ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$236,714TotalAmt
Program Services$177,535ProgramServicesAmt
Management And General$59,179ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,146TotalAmt
Program Services$9,860ProgramServicesAmt
Management And General$3,286ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$34,408TotalAmt
Program Services$25,806ProgramServicesAmt
Management And General$8,602ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$177TotalAmt
Management And General$177ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$6,500TotalAmt
Management And General$6,500ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$40,092TotalAmt
Management And General$40,092ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$42,515TotalAmt
Program Services$1,114ProgramServicesAmt
Management And General$41,401ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$15,461TotalAmt
Program Services$15,461ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$14,805TotalAmt
Management And General$14,805ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$16,809TotalAmt
Management And General$16,809ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$33,063TotalAmt
Program Services$33,063ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$14,924TotalAmt
Management And General$14,924ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,794TotalAmt
Management And General$6,794ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FUNDRAISING$24,347$24,347
COLLECTIONS$21,037$21,037
OTHER ADMINISTRATION$18,748$18,748
EQUIPMENT SUPPLIES AND$9,303$9,303

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$8,936TotalAmt
Program Services$1,580ProgramServicesAmt
Management And General$7,356ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$627,580TotalAmt
Program Services$337,807ProgramServicesAmt
Management And General$265,426ManagementAndGeneralAmt
Fundraising$24,347FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$33,196BOYAmt
EOY$4,082EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$61,023BOYAmt
EOY$83,876EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$6,683BOYAmt
EOY$6,148EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$233,769LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$51,611LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$196,132BOYAmt
EOY$182,158EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$3,605,284BOYAmt
EOY$3,859,858EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,902,318BOYAmt
EOY$4,136,122EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$18,236BOYAmt
EOY$52,847EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$18,236BOYAmt
EOY$52,847EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,381,021BOYAmt
EOY$1,689,214EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,503,061BOYAmt
EOY$2,394,061EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,884,082BOYAmt
EOY$4,083,275EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,902,318BOYAmt
EOY$4,136,122EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$66,345ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$265,538NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$230,462CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$288,137CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$339,828CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$260,368CurrentTaxYearMinus1YearAmt
Current Tax Year$212,082CurrentTaxYearAmt
Total$1,330,877TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$230,462CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$288,137CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$339,828CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$260,368CurrentTaxYearMinus1YearAmt
Current Tax Year$212,082CurrentTaxYearAmt
Total$1,330,877TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$111,570SubstantialContributorsTotAmt
Public Support Total170$1,219,307PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$82,937CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$115,351CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$106,466CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,309CurrentTaxYearMinus1YearAmt
Current Tax Year$151,355CurrentTaxYearAmt
Total$564,418TotalAmt
FieldValueIRS element (for citing)
Total Support$1,895,295TotalSupportAmt
Gross Receipts Rltd Activities$898,874GrossReceiptsRltdActivitiesAmt
Public Support CY1700.64330PublicSupportCY170Pct
Public Support PY1700.67580PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS:FormAndLineReferenceDesc
ExplanationDESCRIPTION: BEQUEST DATE: 10/17/15 AMOUNT: 483949.ExplanationTxt

Schedule B IRS990ScheduleB

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SaleYes (1)SolicitedAssetsSaleInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$50,000OtherCostOrOtherBasisAmt
Book Value$50,000BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$45,560OtherCostOrOtherBasisAmt
Depreciation$30,724DepreciationAmt
Book Value$14,836BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$138,209OtherCostOrOtherBasisAmt
Depreciation$20,887DepreciationAmt
Book Value$117,322BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$182,158TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt$842,218TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$265,538NetUnrealizedGainsInvstAmt
Other Revenue$55,537OtherRevenueAmt
Revenue Not Reported$321,075RevenueNotReportedAmt
Revenue Subtotal$521,143RevenueSubtotalAmt
Investment Expenses Not Incld$40,092InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$40,092RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$561,235TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$643,025TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$55,537OtherExpensesIncludedAmt
Expenses Not Reported$55,537ExpensesNotReportedAmt
Expenses Subtotal$587,488ExpensesSubtotalAmt
Investment Expenses Not Incld2$40,092InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$40,092ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$627,580TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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 55,537.
PART XII, LINE 2D - OTHER ADJUSTMENTS:DIRECT FUNDRAISING AND GAMING COSTS 55,537.

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1CRA AWARD DINNEREvent1Nm
Gross Receipts Event1$135,925GrossReceiptsEvent1Amt
Gross Revenue Event1$135,925GrossRevenueEvent1Amt
Food And Beverage Event1$23,521FoodAndBeverageEvent1Amt
Event2COLLECTIBLES SALEEvent2Nm
Gross Receipts Event2$17,466GrossReceiptsEvent2Amt
Charitable Contri Event2$17,466CharitableContriEvent2Amt
Gross Receipts Total$153,391GrossReceiptsTotalAmt
Charitable Contributions Tot$17,466CharitableContributionsTotAmt
Gross Revenue Total Events$135,925GrossRevenueTotalEventsAmt
Food And Beverage Total Events$23,521FoodAndBeverageTotalEventsAmt
Direct Expense Summary Events$23,521DirectExpenseSummaryEventsAmt
Net Income Summary$112,404NetIncomeSummaryAmt

Gaming Information GamingInformationGrp

FieldValueIRS element (for citing)
Gross Revenue Other Gaming$74,524GrossRevenueOtherGamingAmt
Non Cash Prizes Other Gaming$31,669NonCashPrizesOtherGamingAmt
Oth Direct Expnss Other Gaming$347OthDirectExpnssOtherGamingAmt
Volunteer Labor Other GamingYes (1)VolunteerLaborOtherGamingInd
Volunteer Labor Other Gaming1.00000VolunteerLaborOtherGamingPct
Gross Revenue Total Gaming$74,524GrossRevenueTotalGamingAmt
Non Cash Prizes Total Gaming$31,669NonCashPrizesTotalGamingAmt
Oth Direct Expnss Total Gaming$347OthDirectExpnssTotalGamingAmt
Direct Expense Summary Gaming$32,016DirectExpenseSummaryGamingAmt
Net Gaming Income Summary$42,508NetGamingIncomeSummaryAmt
FieldValueIRS element (for citing)
States Where Gaming ConductedNYStatesWhereGamingConductedCd
LicensedYes (1)LicensedInd
License Suspended Etc0LicenseSuspendedEtcInd
Gaming With NonmembersYes (1)GamingWithNonmembersInd
Member Of Other Entity0MemberOfOtherEntityInd
Gaming Other Facility1.00000GamingOtherFacilityPct
Individual With BooksJEFF GRUEBERIndividualWithBooksNm

Persons With Books US Address PersonsWithBooksUSAddress

FieldValueIRS element (for citing)
Address Line1610 S DECATUR STREETAddressLine1Txt
CityWATKINS GLENCityNm
State AbbreviationNYStateAbbreviationCd
ZIP14870ZIPCd
FieldValueIRS element (for citing)
Cntrct With3rd Prty For Game Rev0CntrctWith3rdPrtyForGameRevInd
Gaming Manager PersonBOARD OF DIRECTORSGamingManagerPersonNm
Gaming Manager Services ProvBOARD MEMBERSHIP OVERSEES ALL FACETS OF RAFFLE MANAGEMENTGamingManagerServicesProvTxt
Gaming Manager Is Director OfcrYes (X)GamingManagerIsDirectorOfcrInd
Charitable Distribution Rqr0CharitableDistributionRqrInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BTHE BOARD REVIEWS A COPY OF THE FORM 990 BEFORE FILING.
FORM 990, PART VI, SECTION B, LINE 12CA 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 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PAGE 12, PART XII, LINE 2CTHE PROCESS FOR AUDIT OVERSIGHT AND AUDITOR SELECTION HAS NOT CHANGED FROM THE PRIOR YEAR.

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