Mclain Race Team
- Assets
- $10.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 07/2014
- Data as of
- 12/2019
- EIN
- 46-1943612
Organization Overview
Mclain Race Team is located in Traverse City, MI. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mclain Race Team is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Mclain Race Team generated $15.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $12.4k during the year ending 12/2019. While expenses have increased by 3.8% per year over the past 5 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
2019
Describe the Organization's Program Activity:
Part 3
SUPPORT COMMUNITY CYCLING TEAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Plowman President | 2 | $0 | |
Steve Mentzer Secretary | 2 | $0 | |
Nick Mclain Vice President | 2 | $0 | |
George Ernst Director | 2 | $0 | |
Kent Mcneil Treasurer | 5 | $0 | |
Chuck Hathaway Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,213 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $5,617 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,747 |
| Total expenses | $12,364 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,763 |
| Other assets | $0 |
| Total assets | $10,763 |
| Total liabilities | $0 |
| Net assets or fund balances | $10,763 |