Oaklane One-Quarter Midget Racing Club Inc

Organization Overview

Oaklane One-Quarter Midget Racing Club Inc is located in Trumbauersville, PA. The organization was established in 2013. 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. Oaklane One-Quarter Midget Racing Club 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 12/2021, Oaklane One-Quarter Midget Racing Club Inc generated $78.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $58.4k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 5 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 990EZ Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3

THE ORGANIZATION'S MISSION IS TO ORGANIZE AND OPERATE INSTRUCTIONAL AND COMPETITIVE AMATEUR QUARTER MIDGET RACING FOR CHILDREN AGES 5 - 17 AND THEIR FAMILIES IN THE LOCAL, REGIONAL, AND NATIONAL RACING COMMUNITIES.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$74,392
Membership dues$4,100
Investment income $5
Gain or Loss$0
Net Income from Gaming & Fundraising$0
Other Revenue$0
Total Revenue$78,497

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Oaklane One-Quarter Midget Racing Club Inc has recieved totaling $10,000.

Awarding OrganizationAmount
North Penn Gun Club

Trumbauersville, PA

PURPOSE: TO ORGANIZE AND OPERATE COMPETITIVE AMATEUR QUARTER MIDGET RACING FOR CHILDREN AND YOUTH

$10,000
View Grant Recipient Profile

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