Phillips County Motor Sports
- Assets
- $83.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malta, MT
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 41-2091901
Organization Overview
Phillips County Motor Sports is located in Malta, MT. The organization was established in 2003. 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. Phillips County Motor Sports 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, Phillips County Motor Sports generated $97.6k 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 (4.7%) each year. All expenses for the organization totaled $110.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) 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
THE BUSINESS AND PURPOSE OF THIS ORGANIZATION SHALL BE TO WORK FOR THE PROMOTION AND ECONOMIC DEVELOPMENT AND TOURISM IN PHILLIPS COUNTY, IN THE STATE OF MONTANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Stout President | 1 | $0 | |
Dan Johnson Director | 1 | $0 | |
Dave Olson Director | 1 | $0 | |
Gary Mathwich Director | 1 | $0 | |
Marty Lundstrum Vice President | 1 | $0 | |
Jacy Stolem Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,105 |
| Total Program Service Revenue | $41,498 |
| Membership dues | $0 |
| Investment income | $121 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $19,274 |
| Other Revenue | $0 |
| Total Revenue | $97,573 |
| 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 | $24,214 |
| Occupancy, rent, utilities, and maintenance | $29,621 |
| Printing, publications, postage, and shipping | $130 |
| Other expenses | $54,932 |
| Total expenses | $110,497 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,135 |
| Other assets | $0 |
| Total assets | $82,964 |
| Total liabilities | $26,441 |
| Net assets or fund balances | $56,523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harmony Amateur Sports Foundation Encampment, WY | $11,031,379 | $10,357,162 |
Indian National Finals Rodeo Browning, MT | $990,064 | $2,381,679 |
Run Wild Missoula Inc Missoula, MT | $824,395 | $648,708 |
Montana State Golf Association Helena, MT | $462,415 | $526,863 |
Montana Amateur Sports Inc Billings, MT | $1,980,075 | $727,779 |
United States Bowling Congress Inc Billings, MT | $137,263 | $326,776 |
United States Bowling Congress Inc Rupert, ID | $625,742 | $253,429 |
Metro Area Tournament Committee Fargo, ND | $192,335 | $247,095 |
North Dakota Rodeo Association Ludlow, SD | $145,642 | $262,230 |
United States Bowling Congress Inc Fargo, ND | $69,951 | $208,642 |
Montana Bicycle Guild Helena, MT | $68,312 | $0 |
Bismarck Marathon Bismarck, ND | $69,131 | $0 |