International Council Of Motorsports Sciences Inc
- Assets
- $73.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 08/1989
- Data as of
- 12/2021
- EIN
- 35-1768881
Organization Overview
International Council Of Motorsports Sciences Inc is located in Indianapolis, IN. The organization was established in 1989. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, 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. International Council Of Motorsports Sciences Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, International Council Of Motorsports Sciences Inc generated $80.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $102.8k during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 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
2021
Describe the Organization's Program Activity:
Part 3
ANNUAL MEETING TO SHARE KNOWLEDGE AND TECHNIQUES DEVELOPEDDURING THE PAST MOTORSPORT SEASON TO ENHANCE SAFETY OFTHE PARTICIPANTS AND FANS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Weisenbach Executive Director | 40 | $0 | |
Dan Marin MD Director | 1 | $0 | |
Bobby Lewis MD Director | 1 | $0 | |
Rob Seal MD Chairman | 2 | $0 | |
Bruce Macdonald Director | 1 | $0 | |
Steve Olvey MD Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,465 |
| Total Program Service Revenue | $29,959 |
| Membership dues | $33,250 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,674 |
| 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 | $74,590 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,259 |
| Total expenses | $102,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,305 |
| Other assets | $0 |
| Total assets | $73,905 |
| Total liabilities | $36,641 |
| Net assets or fund balances | $37,264 |
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