Sherman County Speedway
- Assets
- $21.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Goodland, KS
- Founding
- 11/2015
- Data as of
- 12/2022
- EIN
- 47-3667654
Organization Overview
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 12/2022, Sherman County Speedway generated $104.7k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 4 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE A SAFE VENUE FOR STOCK CAR RACING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Michael Kennedy President | 0 | $0 | |
Jennifer Arntt Treasurer | 0 | $0 | |
Melissa Johnson Secretary | 0 | $0 | |
Jay Murray Director | 0 | $0 | |
Brian Guyer Director | 0 | $0 | |
Sandy Miller Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $104,676 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $104,684 |
| 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 | $96,692 |
| Occupancy, rent, utilities, and maintenance | $3,280 |
| Printing, publications, postage, and shipping | $132 |
| Other expenses | $6,988 |
| Total expenses | $107,092 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,365 |
| Other assets | $0 |
| Total assets | $21,215 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,215 |