Marianas Racing Association
- Assets
- $39.8k
- Revenue
- $97.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Saipan, MP
- Founding
- Data as of
- 12/2022
- EIN
- 20-4859523
Organization Overview
Marianas Racing Association is located in Saipan, MP. 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. Marianas Racing Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MRA ACTIVELY PROMOTES MOTORSPORTS IN THE CNMI. MRA HELD A SERIES OF MONTHLY POINTS RACES IN 2022, AND HOSTED NEARLY 40 RACERS FROM THE NEIGHBORING ISLAND OF GUAM IN NOVEMBER 2022.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MRA HOSTED A SERIES OF POINTS RACES FROM JANUARY THROUGH JULY 2022. THE MAJOR EVENT WAS HELD IN NOVEMBER 2022. 37 RACERS FROM GUAM TRAVELED TO THE CNMI TO PARTICIPATE IN A TWO DAY RACE WITH MRA MEMBERS. OVER 100 RACERS PARTICIPATED IN THE EVENT. THE MAJOR PORTION OF THE EVENT COST WAS FUNDED BY A GRANT FROM THE MARIANAS VISITORS AUTHORITY. MANY IMPROVEMENTS TO THE FACITLITIES WERE MADE DURING 2022, FUNDED BY A CNMI GOVERNMENT GRANT AS WELL AS BY MEMBERSHIP DUES AND RACE FEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles V Cepeda President | OfficerTrustee | 2 | $0 |
Justis Alvarez Vice President | OfficerTrustee | 2 | $0 |
Eleanor Cepeda Secretary | OfficerTrustee | 1 | $0 |
David J Burger Treasurer | OfficerTrustee | 1 | $0 |
Bridget Camacho Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,465 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,000 |
| 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 | $97,465 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $97,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,604 |
| Insurance | $1,600 |
| All other expenses | $23,654 |
| Total functional expenses | $74,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,469 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $11,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $39,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $39,797 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,797 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Micronesian Legal Services Corp Saipan, MP | $1,795,337 | $3,584,427 |
Mariana Islands Nature Alliance Saipan, MP | $325,581 | $1,253,627 |
Northern Marianas Humanities Council Saipan, MP | $1,617,707 | $756,637 |
Golden Harvest International School Inc Saipan, MP | $880,940 | $1,174,408 |
Northern Marianas Trade Institute Saipan, MP | $110,841 | $176,263 |
Marianas Alliance Of Non-Governmental Organizations Saipan, MP | $389,505 | $411,595 |
Tasi To Table Incorporated Saipan, MP | $83,881 | $177,685 |