Morgan Mtb Race Team Inc is located in Mt Green, UT. 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. Morgan Mtb Race Team 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, Morgan Mtb Race Team Inc generated $49.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $31.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 2 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
2023
Describe the Organization's Program Activity:
Part 3
THE OGRANIZATION PARTICIPATED IN TRAINING AND COMPETITIONS PROMOTING CYCLIING AND HEALTH.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scott Mcmillan President | 0 | $0 | |
Joseph Lee Secretary | 0 | $0 | |
Edward Hatch Treasurer | 0 | $0 | |
Michele Lyman Board Member | 0 | $0 | |
Melissa Mellott Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $49,129 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $49,129 |
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 | $31,645 |
Total expenses | $31,645 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $42,922 |
Other assets | $0 |
Total assets | $42,922 |
Total liabilities | $0 |
Net assets or fund balances | $42,922 |