Karters Of America Racing Triad
- Assets
- $115.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Claremore, OK
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 43-1684871
Organization Overview
Karters Of America Racing Triad is located in Claremore, OK. The organization was established in 1995. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Karters Of America Racing Triad is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, Karters Of America Racing Triad generated $181.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.1% each year . All expenses for the organization totaled $169.5k during the year ending 12/2023. While expenses have increased by 11.5% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
PROMOTED KART RACING
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,200 |
| Total Program Service Revenue | $150,878 |
| Membership dues | $8,733 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,635 |
| Total Revenue | $181,446 |
| 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 | $525 |
| Occupancy, rent, utilities, and maintenance | $1,100 |
| Printing, publications, postage, and shipping | $1,807 |
| Other expenses | $166,041 |
| Total expenses | $169,473 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $111,376 |
| Other assets | $0 |
| Total assets | $115,171 |
| Total liabilities | $7,595 |
| Net assets or fund balances | $107,576 |