Street Racing Made Safe Program Inc
- Assets
- $481.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hialeah Gardens, FL
- Founding
- 08/2011
- Data as of
- 12/2023
- EIN
- 45-2400126
Organization Overview
Street Racing Made Safe Program Inc, operating under the name Srms, is located in Hialeah Gardens, FL. The organization was established in 2011. According to its NTEE Classification (M42) the organization is classified as: Automotive Safety, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Srms 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 12/2023, Srms generated $67.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $67.7k during the year ending 12/2023. 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
WE HOST EVENTS AT GO-KART TRACKS AS ALTERNATIVES TO ILLEGAL STREET RACING. OUR EVENTS ARE STRUCTURED AS DRIVING PROGRAMS THAT FOCUS ON DRIVER EDUCATION AND SIMULATION IN A CONTROLLED ENVIRONMENT. WE HOST 6 TO 8 EVENTS PER YEAR. ON AVERAGE WE SERVICE ABOUT 750 PEOPLE PER YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mario L Ojito President | 50 | $0 | |
Chris Harris VP | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,500 |
| Total Program Service Revenue | $65,306 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $8,400 |
| Salaries, other compensation, and employee benefits | $6,500 |
| Professional fees and other payments to independent contractors | $18,036 |
| Occupancy, rent, utilities, and maintenance | $27,100 |
| Printing, publications, postage, and shipping | $7,700 |
| Other expenses | $0 |
| Total expenses | $67,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $481 |
| Other assets | $0 |
| Total assets | $481 |
| Total liabilities | $0 |
| Net assets or fund balances | $481 |