Ohio Valley Karting Association is located in Camden, OH. The organization was established in 1968. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Ohio Valley Karting Association 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, Ohio Valley Karting Association generated $133.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $96.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE GO KART RACING COMPETITION FOR MEMBERS AND TO PROMOTE RACING TO FAMILIES AND YOUNG ADULTS. COST ARE FOR ADVERTISING AND PROMO,AWARDS, DONATIONS, EMT EXPENSE, KID KART TROPHIES & AWARDS, LEGAL AND ACCOUNTING, MAINTENANCE REPAIR, MISC EXP, OFFICE SUPPLIES, PUBLICATIONS, RACE DAY TRACK EXP, SUPPLIES, BANQUET EXP, FUEL EXP, AND RACE DAY TRACK EXP. FOR THE 2018 SEASON ALL OF OUR RACES ARE HELD AT G&J KARTWAY IN CAMDEN OHIO. G&J KARTWAY OPENED 2 YEARS BEFORE OVKA WAS FOUNDED. AS A WKA MASTER TRACK, G&J HAS HOSTED NUMEROUS NATIONAL AND REGIONAL EVENTS OVER THE YEARS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lynda Coombs Track Secretary | 5 | $0 | |
Jason Gregg Treasurer | 1 | $0 | |
Aaron Banfield President | 5 | $0 | |
Michael Lewis Vice President | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $119,693 |
Membership dues | $3,165 |
Investment income | $1,548 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $9,534 |
Other Revenue | $0 |
Total Revenue | $133,940 |
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 | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $215 |
Other expenses | $96,440 |
Total expenses | $96,655 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $101,771 |
Other assets | $0 |
Total assets | $101,771 |
Total liabilities | $0 |
Net assets or fund balances | $101,771 |
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