Little T Quarter Midget Club Inc
- Assets
- $21.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Thompson, CT
- Founding
- 03/2016
- Data as of
- 12/2020
- EIN
- 46-0635573
Organization Overview
Little T Quarter Midget Club Inc is located in Thompson, CT. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little T Quarter Midget Club Inc 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 12/2020, Little T Quarter Midget Club Inc generated $39.8k 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 (14.2%) each year. All expenses for the organization totaled $43.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 6 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
2020
Describe the Organization's Program Activity:
Part 3
CHILDREN AND THE PARENTS/GUARDIANS OF CHILDREN ARE GIVEN THE OPPORTUNITY TO DEVELOP THE SKILLS, APTITUDES AND MEANS NECESSARY TO COMPETE IN YOUNG PEOPLE'S ORGANIZED MOTOR SPORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Desaulniers President | 4 | $0 | |
Tom Carnevale Treasurer | 3 | $0 | |
Ken Starkweather Vice Preside | 3 | $0 | |
Kristin Macedo Secretary | 2 | $0 | |
Jared Bosse Director | 1 | $0 | |
David Harrison Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,003 |
| Total Program Service Revenue | $16,765 |
| Membership dues | $4,000 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,768 |
| 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 | $430 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,297 |
| Total expenses | $43,727 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,144 |
| Other assets | $0 |
| Total assets | $21,144 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,144 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little T Quarter Midget Club Inc has recieved totaling $154.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $154 |
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|---|---|---|
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Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
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Urban Dove Inc Long Island City, NY | $5,170,319 | $5,441,041 |
Horizons National Student Enrichment Program Inc Westport, CT | $6,013,839 | $4,724,137 |
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