Overview
What is Somernites Cruise Inc?
Somernites Cruise Inc is a nonprofit organization based in Somerset, Kentucky. Their primary mission involves organizing and executing a series of automobile shows in the area. These events serve multiple purposes, including boosting the community's image, attracting tourism, and stimulating commerce within the downtown district. Additionally, Somernites Cruise Inc extends its support to other local nonprofit and charitable organizations by helping them raise funds for their respective causes. This collaborative approach not only benefits the Somerset area but also contributes to various charitable initiatives in the region, thereby increasing overall community development and engagement.
Official website here: www.somernitescruise.org
Is Somernites Cruise Inc legitimate?
Somernites Cruise Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somernites Cruise Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.somernitescruise.org
What is the mission statement of Somernites Cruise Inc?
Somernites Cruise Inc's mission involves organizing a series of automobile shows, promoting a positive image of the community, attracting tourism, and boosting local commerce. The events also serve to assist various non-profit and charitable organizations in raising funds for their causes. These automobile shows have been successful in increasing tourism, visitors, and commerce in the area, leading to additional funds for charitable purposes.
Official website here: www.somernitescruise.org
What is the revenue of Somernites Cruise Inc?
Somernites Cruise Inc's revenue in 2024 was $277,102.
Official website here: www.somernitescruise.org
Who are the executives of Somernites Cruise Inc and what are their salaries?
There 50 volunteers at Somernites Cruise Inc.
Here are 9 key members and their salaries:
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Official website here: www.somernitescruise.org
Where can I find the form 990 for Somernites Cruise Inc?
Somernites Cruise Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.somernitescruise.org
Learn more at the official website: www.somernitescruise.org
Mission Statement of Somernites Cruise Inc
Somernites Cruise Inc, a non-profit organization, is dedicated to planning and executing a series of automobile shows. Their primary objective is to project a favorable image of the community, attract tourism, and stimulate commerce within the downtown area. Furthermore, the organization extends its assistance to various non-profit and charitable entities in raising funds for their respective causes. Through these automobile shows, Somernites Cruise Inc has successfully increased tourism and visitors to the area, thereby generating more funds available for charitable purposes.
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Impact
October, 2024
Somernites Cruise Inc profoundly impacts the Somerset, KY community by planning and executing a series of automobile shows that significantly enhance the local economy and community image. These events attract tourists and visitors, leading to increased tourism income that benefits local businesses and generates commerce within the downtown area.
As a result of these bustling gatherings, the overall visibility of Somerset improves, showcasing it as a vibrant and welcoming destination. In addition to fostering economic development, Somernites Cruise Inc also plays a vital role in supporting other nonprofit and charitable organizations, assisting them with fundraising initiatives that further contribute to community welfare.
The continued success and growth of the automobile shows directly correlate with a rise in funding available for various charitable purposes, underscoring the organization's commitment to community improvement. Overall, Somernites Cruise Inc serves as a catalyst for positive change in Somerset, driving both economic uplift and community solidarity.
This information is meant to be a general summary of Somernites Cruise Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Program Service Revenue: $120,782
- Gross Receipts: $412,484
Assets and Liabilities:
- Total Assets: $250,504
- Total Liabilities: $0
- Net Assets: $250,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIP INCOME
Revenue
$102,685
VENDOR INCOME
Revenue
$7,450
CHANGE FUND INCOME
Revenue
$5,000
JEEP EVENT INCOME
Revenue
$2,802
ADVERTISING INCOME
Revenue
$2,485
Organization Details
Founding Year
2005
Principal Officer
Keith Floyd
Website
www.somernitescruise.orgNTEE Category
Code: S122 - Community improvement
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