Cruisin The Coast Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 640881293 ✦ Gulfport, MS ✦ Designated as a 501(c)(4)

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Overview

What is Cruisin The Coast Inc?

Cruisin The Coast Inc is a nonprofit organization established in 1996 with the primary mission of boosting tourism on the Gulf Coast. The organization accomplishes this goal by hosting an annual festival celebrating antique, classic, and hot rod vehicles, as well as nostalgic music and related events. The event's popularity has grown steadily over the years, with 374 vehicles registered in the inaugural year and 8,308 vehicles participating in 2017. The festival serves as a platform for enthusiasts to showcase their vehicles and enjoy a shared passion for vintage automobiles.

Is Cruisin The Coast Inc legitimate?

Cruisin The Coast Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Cruisin The Coast 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Cruisin The Coast Inc?

Cruisin The Coast Inc was established in 1996 with a goal to foster tourism on the Gulf Coast. Originally, this was achieved through a festival celebrating antique, classic, and hot rod vehicles, accompanied by nostalgic music and related events. The event saw 374 registered vehicles in its inaugural year, and this number grew significantly to 8,308 by 2017. The mission of Cruisin The Coast Inc, therefore, can be summarized as promoting tourism on the Gulf Coast by organizing festivals that celebrate vintage vehicles and music, thereby attracting a large number of participants over the years.

Who is the CEO of Cruisin The Coast Inc?

Sherwood R Bailey Jr is the Vice-President of Cruisin The Coast Inc.

What is the revenue of Cruisin The Coast Inc?

Cruisin The Coast Inc's revenue in 2022 was $1,828,834.

Who are the executives of Cruisin The Coast Inc and what are their salaries?

There are 4 employees at Cruisin The Coast Inc.


Here are 3 key members and their salaries:


Sherwood R Bailey Jr (Vice-President)
  • Compensation: $101,923
  • Related: $0
  • Other: $0
Bill Lady (Sectreas)
  • Compensation: $32,308
  • Related: $0
  • Other: $0
Chevis C Swetman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Cruisin The Coast Inc?

Cruisin The Coast Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Cruisin The Coast Inc

Cruisin The Coast, established in 1996, initially began as a festival celebrating the charm of antique, classic, and hot rod vehicles, alongside nostalgic music and related events. Over the years, its popularity soared, with 374 vehicles registering in its inaugural year and a significant increase to 8,308 registered vehicles in 2017. The organization's primary mission is to boost tourism on the Gulf Coast by organizing such events, providing a unique and engaging experience for both participants and spectators alike. By showcasing vintage vehicles and celebrating the nostalgia of yesteryears, Cruisin The Coast contributes to the local tourism industry, attracting visitors and generating economic activity in the area.

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Impact




October, 2024

Cruisin’ The Coast Inc significantly boosts tourism on the Gulf Coast by hosting a vibrant annual festival that highlights antique, classic, and hot rod vehicles. Since its inception in 1996, the event has grown dramatically, illustrating its increasing popularity and impact on the local economy. Starting with just 374 registered vehicles, the festival saw an impressive rise to 8,308 vehicles by 2017, attracting a diverse audience of car enthusiasts and visitors from around the country.

This influx of participants and spectators not only showcases the cultural heritage of the region but also stimulates various sectors of the economy, including hospitality, dining, and retail. Local businesses benefit from the increased foot traffic, and community engagement grows as residents and visitors come together to celebrate a shared passion for classic cars and nostalgic music. Overall, Cruisin’ The Coast plays a vital role in enhancing the Gulf Coast’s reputation as a destination for car lovers and tourists alike, fostering a sense of community and generating significant economic activity in the area.




This information is meant to be a general summary of Cruisin The Coast 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.

Revenue
$1,828,834 (2022)
Expenses
$1,656,020 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$147,516
  • Program Service Revenue: $1,546,692
  • Gross Receipts: $3,718,588

Assets and Liabilities:

  • Total Assets: $3,874,867
  • Total Liabilities: $20,000
  • Net Assets: $3,854,867

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CRUSIN THE COAST EVENT

Revenue

$1,546,692

Organization Details

Founding Year

1996

Principal Officer

Sherwood R Bailey Jr

Main Address

PO BOX 3001, Gulfport, MS, 395053001

NTEE Category

Code: N52 - Recreation

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