Civic Intelligence

Classic Race Boat Association Inc

EIN 46-4423216 • 501(c)4 • Mount Dora, FL

990-N Coverage

Profile

The classic race boat association, inc. Has been organized to promote and preserve the interest and enjoyment of vintage and classic race boats. The association holds events for the purpose of interested persons to display and run their vintage and classic race boats for the enjoyment and benefit of the members of the organization and the general public. In this way, the association brings attention to the history of power boat racing and the need for the preservation of such vintage and classic water craft. The community at large benefits from these events because they add to the knowledge and history of the sport. In addition, each event brings income to the local economy from lodging, food and the support of local businesses whose services are purchased to support the event.

P O Box 1457Mount Dora, FL 32756-1457

www.classicraceboatassoc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2018

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2018

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$0

Down $9,391 (-100%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $9,391 (-100%) from 2017

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,991

Down $23,897 (-89%) from 2017

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2015: $11,883Liabilities 2015: $0Net Assets 2015: $11,8832015Assets 2016: $5,149Liabilities 2016: $0Net Assets 2016: $5,1492016Assets 2017: $9,391Liabilities 2017: $0Net Assets 2017: $9,3912017Assets 2018: $0Net Assets 2018: $02018

Highlighted filing

2018

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0-$20KRevenue 2015: $49,333Expenses 2015: $55,936Net Income 2015: -$6,6032015Revenue 2016: $44,398Expenses 2016: $51,132Net Income 2016: -$6,7342016Revenue 2017: $31,130Expenses 2017: $26,888Net Income 2017: $4,2422017Expenses 2018: $2,9912018

Highlighted filing

2018

Revenue-
Expenses$2,991
Net Income-

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Mission and Program Overview

Mission

The classic race boat association, inc. Has been organized to promote and preserve the interest and enjoyment of vintage and classic race boats. The association holds events for the purpose of interested persons to display and run their vintage and classic race boats for the enjoyment and benefit of the members of the organization and the general public. In this way, the association brings attention to the history of power boat racing and the need for the preservation of such vintage and classic water craft. The community at large benefits from these events because they add to the knowledge and history of the sport. In addition, each event brings income to the local economy from lodging, food and the support of local businesses whose services are purchased to support the event.

Program Services

DescriptionGrantsExpenses
ORGANIZATION HELD, SPONSORED, PROMOTED AND/OR PARTICIPATED IN VARIOUS EVENTS THROUGHOUT THE YEAR ON THE FLORIDA VINTAGE RACE BOAT CIRCUIT, INCLUDING WINTER GATHERING AND ANNUAL MEETING, TAVARES SPRING THUNDER REGATTA, TAVARES FALL THUNDER REGATTA, VARIOUS SATURDAY MORNING GATHERINGS, AND MONTHLY FUN RUNS AND GATHERINGS ON THE FIRST SATURDAY OF EVERY MONTH.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
WILLIAM BILL JOHNPresident, B-$0--
JEFF BUCKLEYVice Preside-$0--
GERALDINE PRUSKOSecretary/Tr-$0--
LINWOOD GALEUCIABoard Member-$0--
JAMIE SMITHBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Classic Race Boat Association Inc
EIN
46-4423216
Phone
3527296060
Address
P O BOX 1457, MOUNT DORA, FL 32756-1457

Signing Officer

Name
Geraldine Prusko
Title
Secretary/treasurer
Phone
6033037710
Signed
2019-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Logan Bowyer & Mccullough Pa
Address
2310 S BAY ST, EUSTIS, FL 32726-6361
Preparer
David C Logan CPA
Phone
3524831100
Supplemental Narrative

Additional Explanations

Form 990-ez

The organization has been dissolved. The balance of its assets, consisting only of cash in the amount of 6,400 has been transferred in accordance with the bylaws to a 501 c (3) organization: friends of tavares library, inc 314 new hampshire ave tavares, fl 32778 46-2590267

Form 990-ez, Part I, Line 16

Expenses office expense 441 total 441

Form 990-ez, Part I, Line 20

Transfer to 501c3 organization -6,400 friends of tavares library46-2590267 0 314 new hampshire ave tavares fl 0

Form 990-ez, Part III

The classic race boat association, inc. Has been organized to promote and preserve the interest and enjoyment of vintage and classic race boats. The association holds events for the purpose of interested persons to display and run their vintage and classic race boats for the enjoyment and benefit of the members of the organization and the general public. In this way, the association brings attention to the history of power boat racing and the need for the preservation of such vintage and classic water craft. The community at large benefits from these events because they add to the knowledge and history of the sport. In addition, each event brings income to the local economy from lodging, food and the support of local businesses whose services are purchased to support the event.

Form 990-ez, Part III, Line 28

Organization held, sponsored, promoted and/or participated in various events throughout the year on the florida vintage race boat circuit, including winter gathering and annual meeting, tavares spring thunder regatta, tavares fall thunder regatta, various saturday morning gatherings, and monthly fun runs and gatherings on the first saturday of every month.

Raw XML Appendix134 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GERALDINE PRUSKO
IRS990EZ/BooksInCareOfDetail/PhoneNum06033037710
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0314 NEW HAMPSHIRE AVE
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt0314 NEW HAMPSHIRE AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TAVARES
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd032778
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt09391
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-2991
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0950
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt09391
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09391
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt09391
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OccupancyRentUtltsAndMaintAmt01600
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt4000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WILLIAM BILL JOHN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEFF BUCKLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2GERALDINE PRUSKO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LINWOOD GALEUCIA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JAMIE SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT, B
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherChangesInNetAssetsAmt0-6400
IRS990EZ/OtherExpensesTotalAmt0441
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE CLASSIC RACE BOAT ASSOCIATION, INC. HAS BEEN ORGANIZED TO PROMOTE AND PRESERVE THE INTEREST AND ENJOYMENT OF VINTAGE AND CLASSIC RACE BOATS. THE ASSOCIATION HOLDS EVENTS FOR THE PURPOSE OF INTERESTED PERSONS TO DISPLAY AND RUN THEIR VINTAGE AND CLASSIC RACE BOATS FOR THE ENJOYMENT AND BENEFIT OF THE MEMBERS OF THE ORGANIZATION AND THE GENERAL PUBLIC. IN THIS WAY, THE ASSOCIATION BRINGS ATTENTION TO THE HISTORY OF POWER BOAT RACING AND THE NEED FOR THE PRESERVATION OF SUCH VINTAGE AND CLASSIC WATER CRAFT. THE COMMUNITY AT LARGE BENEFITS FROM THESE EVENTS BECAUSE THEY ADD TO THE KNOWLEDGE AND HISTORY OF THE SPORT. IN ADDITION, EACH EVENT BRINGS INCOME TO THE LOCAL ECONOMY FROM LODGING, FOOD AND THE SUPPORT OF LOCAL BUSINESSES WHOSE SERVICES ARE PURCHASED TO SUPPORT THE EVENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ORGANIZATION HELD, SPONSORED, PROMOTED AND/OR PARTICIPATED IN VARIOUS EVENTS THROUGHOUT THE YEAR ON THE FLORIDA VINTAGE RACE BOAT CIRCUIT, INCLUDING WINTER GATHERING AND ANNUAL MEETING, TAVARES SPRING THUNDER REGATTA, TAVARES FALL THUNDER REGATTA, VARIOUS SATURDAY MORNING GATHERINGS, AND MONTHLY FUN RUNS AND GATHERINGS ON THE FIRST SATURDAY OF EVERY MONTH.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt02991
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.CLASSICRACEBOATASSOC.COM
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0true
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0DISSOLUTION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0FRIENDS OF TAVARES LIBRARY INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine2Txt0FRIENDS OF TAVERES LIBRARY INC
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02018-12-31
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0462590267
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt06400
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501C3
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0BALANCE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0314 NEW HAMPSHIRE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine2Txt0314 NEW HAMPSHIRE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0TAVARES
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0FL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd032778
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0GERALDINE PRUSKO FRIENDS OF TAVARES LIBRARY, INC 314 NEW HAMPSHIRE AVE TAVARES, FL 32778
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N, PAGE 1, PART I, LINE 2E
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS BEEN DISSOLVED. THE BALANCE OF ITS ASSETS, CONSISTING ONLY OF CASH IN THE AMOUNT OF 6,400 HAS BEEN TRANSFERRED IN ACCORDANCE WITH THE BYLAWS TO A 501 C (3) ORGANIZATION: FRIENDS OF TAVARES LIBRARY, INC 314 NEW HAMPSHIRE AVE TAVARES, FL 32778 46-2590267
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSE 441 TOTAL 441
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRANSFER TO 501C3 ORGANIZATION -6,400 FRIENDS OF TAVARES LIBRARY46-2590267 0 314 NEW HAMPSHIRE AVE TAVARES FL 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CLASSIC RACE BOAT ASSOCIATION, INC. HAS BEEN ORGANIZED TO PROMOTE AND PRESERVE THE INTEREST AND ENJOYMENT OF VINTAGE AND CLASSIC RACE BOATS. THE ASSOCIATION HOLDS EVENTS FOR THE PURPOSE OF INTERESTED PERSONS TO DISPLAY AND RUN THEIR VINTAGE AND CLASSIC RACE BOATS FOR THE ENJOYMENT AND BENEFIT OF THE MEMBERS OF THE ORGANIZATION AND THE GENERAL PUBLIC. IN THIS WAY, THE ASSOCIATION BRINGS ATTENTION TO THE HISTORY OF POWER BOAT RACING AND THE NEED FOR THE PRESERVATION OF SUCH VINTAGE AND CLASSIC WATER CRAFT. THE COMMUNITY AT LARGE BENEFITS FROM THESE EVENTS BECAUSE THEY ADD TO THE KNOWLEDGE AND HISTORY OF THE SPORT. IN ADDITION, EACH EVENT BRINGS INCOME TO THE LOCAL ECONOMY FROM LODGING, FOOD AND THE SUPPORT OF LOCAL BUSINESSES WHOSE SERVICES ARE PURCHASED TO SUPPORT THE EVENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ORGANIZATION HELD, SPONSORED, PROMOTED AND/OR PARTICIPATED IN VARIOUS EVENTS THROUGHOUT THE YEAR ON THE FLORIDA VINTAGE RACE BOAT CIRCUIT, INCLUDING WINTER GATHERING AND ANNUAL MEETING, TAVARES SPRING THUNDER REGATTA, TAVARES FALL THUNDER REGATTA, VARIOUS SATURDAY MORNING GATHERINGS, AND MONTHLY FUN RUNS AND GATHERINGS ON THE FIRST SATURDAY OF EVERY MONTH.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALDINE PRUSKO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06033037710
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CLASSIC RACE BOAT ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CLAS
ReturnHeader/Filer/EIN0464423216
ReturnHeader/Filer/PhoneNum03527296060
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1457
ReturnHeader/Filer/USAddress/CityNm0MOUNT DORA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0327561457
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId008BD273990EA01E5E38543C8FC488B7685EB5954
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0AC18F358502DB7D4BB3C0C14E43D9C2E043A1123
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02019-11-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:27:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0593454152
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOGAN BOWYER & MCCULLOUGH PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02310 S BAY ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0EUSTIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0327266361
ReturnHeader/PreparerPersonGrp/PhoneNum03524831100
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID C LOGAN CPA
ReturnHeader/ReturnTs02019-11-13T12:27:11-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.