Professional Racers Owners Organization Inc A Delaware Corp is located in Indianapolis, IN. The organization was established in 2004. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Professional Racers Owners Organization Inc A Delaware Corp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Professional Racers Owners Organization Inc A Delaware Corp generated $125.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $123.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) 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 NEGOTIATE BETWEEN THE NATIONAL HOT ROD ASSOCIATION AND THE RACERS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michelle Domagala Secretary/tr | 40 | $60,000 | |
Alan Johnson President | 1 | $0 | |
Doug Stringer Board Member | 1 | $0 | |
Bill Miller Board Member | 1 | $0 | |
Don Schumacher Board Member | 1 | $0 | |
Greg Anderson Board Member | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $119,415 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $5,739 |
Total Revenue | $125,154 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $68,517 |
Professional fees and other payments to independent contractors | $6,575 |
Occupancy, rent, utilities, and maintenance | $2,132 |
Printing, publications, postage, and shipping | $157 |
Other expenses | $45,876 |
Total expenses | $123,257 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $70,098 |
Other assets | $0 |
Total assets | $74,812 |
Total liabilities | $3,790 |
Net assets or fund balances | $71,022 |
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