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Nonprofit · EIN 56-1426385

TAR HEEL SPORTS CLUB INC

Tax-exempt · DURHAM, NC 27713

Financials

$126K$125K2023$58K$64K2024
Revenue Expenses · by fiscal year end
Financials of TAR HEEL SPORTS CLUB INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$57,601$63,778-$6,177$61,490–$61,490
December 31, 2023990-EZ$125,870$125,243$627$54,507–$54,507
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Membership dues
$8,945
Program service revenue
$48,656

Expenses

Compensation of officers, directors and key employees
$0
Occupancy
$21,835
Other expenses
$41,943
Program services (functional)
$59,892

Balance sheet and other

Total assets, start of year
$54,507
Total assets, end of year
$61,490
Total liabilities, end of year
–
Net assets, end of year
$61,490
Cash, savings and investments
$39,714
Gross receipts
$57,601

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARK BEECHPRESIDENT0.5$0
MARY JOHNSONTREASURER1.5$0
DENISE CRAIGSECRETARY0.5$0
ROGER MCDANIELSVP - RALLY C0.5$0
LAUREN MARCUSVP - RALLYCR0.5$0
BART CRAIGVP - HPDE/TR0.5$0
MARK BEECHVP - HPDE/TR0.5$0
DUANE BLACKVP - HPDE/TR0.5$0
ROB LUPELLAVP - AUTOCRO0.5$0
DANIEL SHUGANVP - AUTOCRO0.5$0
JACOB CLONINGERVP - AUTOCRO0.5$0
990-EZ for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensation
BRICE JOHNSONPRESIDENT0.5$0
MARY JOHNSONTREASURER1.5$0
DENISE CRAIGSECRETARY0.5$0
ROGER MCDANIELSVP - RALLY C0.5$0
LAUREN MARCUSVP - RALLYCR0.5$0
BART CRAIGVP - HPDE/TR0.5$0
ECHO IDALSKIVP - HPDE/TR0.5$0
ADAM RHYNEVP - HPDE/TR0.5$0
ROB LUPELLAVP - AUTOCRO0.5$0
MARK BEECHVP - AUTOCRO0.5$0
JACOB CLONINGERVP - AUTOCRO0.5$0

Address and contacts

Address (IRS master file)
205 WINTERBERRY RIDGE DR, DURHAM, NC 27713-9442
In care of
% LAUREN MARCUS
Signed the 990-EZ
MARY JOHNSON, TREASURER
Phone
(919) 889-2223
Return prepared by
WATSON & DAVIS PLLC

Mission

THE TAR HEEL SPORTS CAR CLUB PROVIDES AN ORGANIZED COMMUNITY FOR THOSE SHARING AN INTEREST IN SPORTS CARS TO PLAN AND CONDUCT ACTIVITIES FOR THE ENJOYMENT AND EDUCATION OF ITS MEMBERS.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • THE TAR HEEL SPORTS CAR CLUB PLANED AND CONDUCTED ACTIVITIES FOR THE ENJOYMENT AND EDUCATION OF ITS MEMBERS.
    Expenses $6,505
  • THE TAR HEEL SPORTS CAR CLUB ORGANIZED AND HOSTED EIGHT AUTOCROSS AND TWELVE RALLYCROSS EVENTS.
    Expenses $38,597
  • THE TAR HEEL SPORTS CAR CLUB ORGANIZED AND HOSTED A TRACK SCHOOL TO PROMOTE SAFETY, COURTESY, AND PROFICIENCY IN THE HANDLING OF AUTOMOBILES.
  • THE TAR HEEL SPORTS CAR CLUB PROVIDES AN ORGANIZATION FOR THOSE SHARING AN INTEREST IN SPORTS CARS TO PLAN AND CONDUCT ACTIVITIES FOR THE ENJOYMENT AND EDUCATION OF ITS MEMBERS.
    Expenses $14,790

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
56-1426385
Tax-exempt status
501(c)(7): Social or recreational club
Donations deductible
No
Exempt since
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$61,490
Income (IRS master file)
$57,601

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$57,601$63,778$61,490XML
990-EZDecember 2023$125,870$125,243$54,507XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 2020–––IRS
990-EZDecember 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1426385).

Questions about TAR HEEL SPORTS CLUB INC

What is the EIN of TAR HEEL SPORTS CLUB INC?
The employer identification number (EIN) of TAR HEEL SPORTS CLUB INC is 56-1426385.
Is TAR HEEL SPORTS CLUB INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2006.
Are donations to TAR HEEL SPORTS CLUB INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TAR HEEL SPORTS CLUB INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TAR HEEL SPORTS CLUB INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TAR HEEL SPORTS CLUB INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of TAR HEEL SPORTS CLUB INC?
The 990-EZ for the year ended December 31, 2024 lists 11 people; 0 received compensation from the organization.
How much revenue does TAR HEEL SPORTS CLUB INC have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $57,601, expenses of $63,778 and total assets of $61,490 at year end.

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