L5flyers Racing Incorporated
- Assets
- $51.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Tyrone, GA
- Founding
- 03/2006
- Data as of
- 12/2021
- EIN
- 20-0388891
Organization Overview
L5flyers Racing Incorporated is located in Tyrone, GA. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. L5flyers Racing Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, L5flyers Racing Incorporated generated $18.7k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $10.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brandon Gavic Vice President | 0 | $0 | |
Ryan Collins Treasurer | 0 | $0 | |
Stacy Robinson President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,736 |
| Total Program Service Revenue | $0 |
| Membership dues | $3,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,736 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $9,586 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,052 |
| Total expenses | $10,638 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,001 |
| Other assets | $0 |
| Total assets | $51,001 |
| Total liabilities | $0 |
| Net assets or fund balances | $51,001 |
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