Mag 7 Race Team
- Assets
- $7.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oceanside, CA
- Founding
- Data as of
- 02/2022
- EIN
- 20-2577827
Organization Overview
Mag 7 Race Team is located in Oceanside, CA. 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. Mag 7 Race Team is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAG 7 RACE TEAM PROVIDED CRITICAL PIT SUPPORT TO INDIVIDUALS PARTICIPATING IN OFFROAD ACTIVITIES DURING THE SERVICE YEAR. THESE EXPENSES SHOW IN SCHEDULE O INCLUDES ALL ITEMS EXCEPT COMPUTER AND INSURANCE EXPENSES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William F Thompson President | 5 | $0 | |
Valorie B Shatynski Treasurer | 2 | $0 | |
Michael Mark Shatynski Secretary | 5 | $0 | |
Geoff Hill Race Director | 2 | $0 | |
Mike Magers Race Director | 2 | $0 | |
Tom Mangione Equipment Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $49,682 |
| Membership dues | $260 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $49,942 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,800 |
| Occupancy, rent, utilities, and maintenance | $1,440 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,051 |
| Total expenses | $56,291 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,372 |
| Other assets | $0 |
| Total assets | $7,272 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,272 |
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