Emerald Racing Club
- Assets
- $1.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Auburn, WA
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 47-2165203
Organization Overview
Emerald Racing Club is located in Auburn, WA. The organization was established in 2016. According to its NTEE Classification (N69) the organization is classified as: Equestrian, 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. Emerald Racing Club 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, Emerald Racing Club generated $53.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $53.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 8 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
2023
Describe the Organization's Program Activity:
Part 3
THE NON-PROFIT WAS SUCCESSFUL IN EDUCATING PARTICIPANTS IN THE EQUINE BUSINESS OF RACING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Henry Treasurer | 1 | $0 | |
Jack E Hodge Jr Vice President | 1 | $0 | |
Robert D Fraser Secretary | 1 | $0 | |
Phil Ziegler President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,864 |
| Total Program Service Revenue | $30,370 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$24,500 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $53,734 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $53,054 |
| Total expenses | $53,704 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1 |
| Other assets | $0 |
| Total assets | $1 |
| Total liabilities | $0 |
| Net assets or fund balances | $1 |