Track Xplosion Inc
- Assets
- $50.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 32-0516113
Organization Overview
Track Xplosion Inc is located in Raleigh, NC. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Track Xplosion 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 12/2023, Track Xplosion Inc generated $32.4k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $27.7k during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 3 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TEACHING AND INSPIRING YOUTH AGES 4-18 THROUGH THE COMPETITION AND HARDWORK. WE PRMOTE STRONG ETHICS, SOUND PRINCIPLES AND HIGH IDEALS THROUGH TRACK & FIELD
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martilya Adams Principal Officer | 20 | $0 | |
April Hamilton Treasurer | 20 | $0 | |
Gabreielle Brown Vice President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,669 |
| Total Program Service Revenue | $0 |
| Membership dues | $36,345 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $990 |
| Total Revenue | $32,440 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $10,210 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,263 |
| Total expenses | $27,732 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $50,055 |
| Other assets | $0 |
| Total assets | $50,055 |
| Total liabilities | $794 |
| Net assets or fund balances | $49,261 |