Palmyra Racing Assoc

Organization Overview

Palmyra Racing Assoc is located in Palmyra, NY. The organization was established in 2010. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmyra Racing Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Palmyra Racing Assoc generated $196.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $160.2k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, ENCOURAGE, AID AND ENGAGE IN THE ART AND SKILL OF MOTORCYCLING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE A FUN, SAFE PLACE TO PRACTICE MOTORCYCLE RIDING WHILE AT THE SAME TIME PROMOTING FAMILY VALUES AND ACTIVITIES FOR ALL MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Ed Johannes
President
$0
Sheryl Ladelfa
Treasurer
$0
Corey Sadlik
Vice President
$0
Tami Cocuzzi
Secretary
$0
Seth Eberhardt
Director
$0
Michelle Jones
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$179,003
Investment income $45
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $196,038

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