River Valley Kart Association is located in Aurora, IL. The organization was established in 1962. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. River Valley Kart Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, River Valley Kart Association generated $50.0 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 (43.1%) each year. All expenses for the organization totaled $2.0k during the year ending 12/2021. 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
GO-KART RACING FOR YOUNG ADULTS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
George Argiris Vice Preside | 0 | $0 | |
Scott Gazillo Treasurer | 0 | $0 | |
Paul Behnke Secretary | 0 | $0 | |
Fabio Cavalieri Director | 0 | $0 | |
Jeff Salak Director | 0 | $0 | |
Frank Gargano Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Membership dues | $50 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $50 |
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 | $1,995 |
Total expenses | $1,995 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $2,945 |
Other assets | $0 |
Total assets | $2,945 |
Total liabilities | $0 |
Net assets or fund balances | $2,945 |
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