International Snowmobile Racing Hall Of Fame Inc is located in Saint Germain, WI. The organization was established in 1990. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. International Snowmobile Racing Hall Of Fame 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 06/2022, International Snowmobile Racing Hall Of Fame Inc generated $139.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $84.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PRESERVING AND SHOWCASING THE HISTORY OF SNOWMOBILING AT BOTH THE RECREATIONAL AND COMPETITIVE LEVELS THROUGH THE OPERATION OF A MUSEUM, HALL OF FAME AND LIBRARY FOR THE SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS INCLUDE DOCUMENTATION, DISPLAY, AND MAINTAIN THE HISTORY OF SNOWMOBILE RACING AROUND THE WORLD, INCUDING ACQUIRING, PRESERVING AND DISPLAYING ITEMS FOR EDUCATIONAL PURPOSES
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Craig Marchbank President | OfficerTrustee | 1 | $0 |
Tom Otte Vice President | OfficerTrustee | 1 | $0 |
Tom Steiner Treasurer | OfficerTrustee | 1 | $0 |
Tom White Secretary | OfficerTrustee | 1 | $0 |
Greg Marier Director | Trustee | 1 | $0 |
Miranda Zeller Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $3,575 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $95,354 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $98,929 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $15,322 |
Net Income from Gaming Activities | $26,327 |
Net Income from Sales of Inventory | -$1,157 |
Miscellaneous Revenue | $0 |
Total Revenue | $139,421 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $20,000 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,530 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,235 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $4,487 |
Office expenses | $4,523 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $7,074 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $18,920 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $84,631 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,305 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $24,000 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $641,339 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $182,182 |
Total assets | $972,826 |
Accounts payable and accrued expenses | $943 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $30,000 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $30,943 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $941,883 |
Total liabilities and net assets/fund balances | $972,826 |