Land O Lakes Region Sports Car Club Of America
- Assets
- $89.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Stacy, MN
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 41-6053766
Organization Overview
Land O Lakes Region Sports Car Club Of America is located in Stacy, MN. The organization was established in 1966. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Land O Lakes Region Sports Car Club Of America is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Land O Lakes Region Sports Car Club Of America generated $135.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $134.3k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 Mission:
Part 3 - Line 1
OUR PRIMARY MISSION IS TO ORGANIZE AND RUN SAFE AND LEGAL MOTORSPORTS EVENTS IN MINNESOTA AND ADJOINING AREAS UNDER THE RULES AND SANCTION OF THE SPORTS CAR CLUB OF AMERICA.
Describe the Organization's Program Activity:
Part 3
ALL EXPENSES ARE DIRECTLY RELATED TO RACING AND PERFORMANCE DRIVING EVENTS HELD IN MINNESOTA, AND THE ORGANIZATION, BANQUETS, AWARDS AND MEETINGS RELATED TO THOSE EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark L Utecht Regional Executive | 2 | $0 | |
Geoff Youngdahl Asst Re | 2 | $0 | |
John Hertsgaard Treasurer | 2 | $0 | |
Mary Hollis Utecht Secretary | 2 | $0 | |
Julie Hammons Member | 1 | $0 | |
Emily Jenkins Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,086 |
| Total Program Service Revenue | $120,896 |
| Membership dues | $11,175 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $135,163 |
| 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 | $225 |
| Occupancy, rent, utilities, and maintenance | $39,799 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $94,306 |
| Total expenses | $134,330 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,551 |
| Other assets | $0 |
| Total assets | $89,551 |
| Total liabilities | $0 |
| Net assets or fund balances | $89,551 |