Good Times Quarter Midget Racing Assc Inc
- Assets
- $30.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Madera, CA
- Founding
- 07/2013
- Data as of
- 01/2024
- EIN
- 20-8821362
Organization Overview
Good Times Quarter Midget Racing Assc Inc is located in Madera, CA. The organization was established in 2013. 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. Good Times Quarter Midget Racing Assc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 01/2024, Good Times Quarter Midget Racing Assc Inc generated $56.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $90.9k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
GOOD TIMES QUARTER MIDGET RACING ORGANIZES AND SUPPORTS SEVERAL RACING EVENTS EACH YEAR, HOSTING LOCAL RACING IN MADERA, CALIFORNIA AND ALSO HOSTING NATIONAL EVENTS HELD IN OTHER LOCALES, SUCH AS LAS VEGAS, NEVADA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Holiday President | 1 | $0 | |
Tim Lydon Tech Director | 1 | $0 | |
Annaliza Vierra Treasurer | 1 | $0 | |
Cody Jessup Safety Director | 1 | $0 | |
Jason Vierra Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $54,605 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,160 |
| Total Revenue | $56,765 |
| 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 | $51,490 |
| Occupancy, rent, utilities, and maintenance | $6,706 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,675 |
| Total expenses | $90,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,631 |
| Other assets | $0 |
| Total assets | $30,631 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,631 |