Ohio Valley Karting Association
- Assets
- $124.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Camden, OH
- Founding
- 07/1968
- Data as of
- 12/2023
- EIN
- 31-6081769
Organization Overview
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 12/2023, Ohio Valley Karting Association generated $160.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $134.5k during the year ending 12/2023. 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
2023
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. COSTS ARE FOR ADVERTISING AND PROMO, AWARDS, DONATIONS, EMT EXPENSES, KID KART TROPHIES AND AWARDS, LEGAL AND ACCOUNTING, MAINTENANCE REPAIR, MISC EXPENSES, OFFICE SUPPLIES, PUBLICATIONS, RACE DAY TRACK EXPENSES, SUPPLIES, BANQUET EXPENSES, AND FUEL EXPENSES. FOR THE SEASON, ALL OUR RACES ARE HELD AT G&J KARTWAY IN CAMDEN, OHIO. G&J KARTWAY OPENED TWO YEARS BEFORE OVKA WAS FOUNDED. AS A WKA MASTER TRACK, G&J HAS HOSTED NUMEROUS NATIONAL AND REGIONAL EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Banfield President | 5 | $0 | |
Lynda Coombs Track Secretary | 5 | $0 | |
Michael Lewis Vice President | 5 | $0 | |
Jason Gregg Treasurer | 1 | $0 | |
Dawn Schroeder Board Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $128,053 |
| Membership dues | $6,267 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $26,151 |
| Other Revenue | $0 |
| Total Revenue | $160,503 |
| 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 | $0 |
| Other expenses | $134,495 |
| Total expenses | $134,495 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $124,777 |
| Other assets | $0 |
| Total assets | $124,777 |
| Total liabilities | $0 |
| Net assets or fund balances | $124,777 |