Kobuk 440 Racing Association Inc
- Assets
- $82.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kotzebue, AK
- Founding
- 02/2014
- Data as of
- 12/2021
- EIN
- 46-1672915
Organization Overview
Kobuk 440 Racing Association Inc is located in Kotzebue, AK. The organization was established in 2014. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kobuk 440 Racing Association 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 12/2021, Kobuk 440 Racing Association Inc generated $148.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $126.6k during the year ending 12/2021. While expenses have increased by 9.7% 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
2021
Describe the Organization's Program Activity:
Part 3
THE KOBUK 440 RACING ASSOCIATION IS DEDICATED TO ENHANCING AND PERPETUATING THE INUPIAQ TRADITION OF DISTANCE DOG MUSHING IN THE ARCTIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Viva Teal Director | 0.5 | $0 | |
Joanna Burton Director | 0.5 | $0 | |
Brad Reeve Vice Preside | 1 | $0 | |
Paul Hansen President | 1 | $0 | |
Michelle Kubalak Treasurer | 1 | $0 | |
Val Amunson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,479 |
| Total Program Service Revenue | $9,195 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $5,656 |
| Other Revenue | $0 |
| Total Revenue | $148,252 |
| 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 | $3,045 |
| Occupancy, rent, utilities, and maintenance | $1,168 |
| Printing, publications, postage, and shipping | $192 |
| Other expenses | $122,234 |
| Total expenses | $126,639 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,184 |
| Other assets | $0 |
| Total assets | $82,762 |
| Total liabilities | $1,440 |
| Net assets or fund balances | $81,322 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kobuk 440 Racing Association Inc has recieved totaling $316.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $316 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sealaska Heritage Institute Juneau, AK | $51,675,052 | $26,019,204 |
Alaska Native Heritage Center Inc Anchorage, AK | $24,030,131 | $11,226,871 |
Brothers For Life Seattle, WA | $4,440,367 | $6,321,338 |
Native Village Of Buckland Buckland Native Store Buckland, AK | $1,489,143 | $4,536,505 |
Native Village Of Point Lay 3ba Point Lay, AK | $314,221 | $2,728,082 |
Potlatch Fund Seattle, WA | $4,173,934 | $2,931,194 |
Robert Aqqaluk Newlin Sr Memorial Trust Kotzebue, AK | $37,919,726 | $3,778,616 |
Native Village Of Shaktoolik Shaktoolik, AK | $586,834 | $1,643,365 |
Morris Thomspon Cultural & Visitors Center Fairbanks, AK | $17,042,813 | $971,715 |
Native Village Of Tununak A Section 17 Corporation Tununak, AK | $360,397 | $1,621,233 |
Indian American Community Services Bellevue, WA | $2,459,107 | $2,188,215 |
Kuac Friends Group Fairbanks, AK | $311,797 | $1,246,602 |