Phillips County Motor Sports
- Assets
- $90.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malta, MT
- Founding
- 11/2003
- Data as of
- 12/2022
- 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 12/2022, Phillips County Motor Sports generated $147.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $135.9k during the year ending 12/2022. 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
2022
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 | |
Shane Carnahan Vice President | 1 | $0 | |
Jacy Stolem Secretary/treasurer | 1 | $0 | |
Denny Overcast Director | 1 | $0 | |
Randy Peigneux Director | 1 | $0 | |
Dan Johnson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,003 |
| Total Program Service Revenue | $74,720 |
| Membership dues | $0 |
| Investment income | $89 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $30,950 |
| Other Revenue | $0 |
| Total Revenue | $147,857 |
| 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 | $38,344 |
| Occupancy, rent, utilities, and maintenance | $27,313 |
| Printing, publications, postage, and shipping | $136 |
| Other expenses | $69,488 |
| Total expenses | $135,881 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,623 |
| Other assets | $0 |
| Total assets | $90,017 |
| Total liabilities | $21,518 |
| Net assets or fund balances | $68,499 |