Sherman County Speedway is located in Goodland, KS. The organization was established in 2015. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Sherman County Speedway is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Sherman County Speedway generated $120.8k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $117.0k during the year ending 12/2021. 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
TO PROVIDE A SAFE VENUE FOR STOCK CAR RACING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Christopher Michael Kennedy President | 0 | $0 | |
Jennifer Arntt Treasurer | 0 | $0 | |
Brian Guyer Director | 0 | $0 | |
Sandy Miller Director | 0 | $0 | |
Jay Murray Director | 0 | $0 | |
Michael Johnson Director | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $120,779 |
Membership dues | $0 |
Investment income | $2 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $120,781 |
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 | $107,563 |
Occupancy, rent, utilities, and maintenance | $3,200 |
Printing, publications, postage, and shipping | $186 |
Other expenses | $6,073 |
Total expenses | $117,022 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $21,032 |
Other assets | $0 |
Total assets | $23,622 |
Total liabilities | $0 |
Net assets or fund balances | $23,622 |
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