Classic Sports Racing Group
- Assets
- $299.2k
- Revenue
- $551.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Woodland, CA
- Founding
- 06/1976
- Data as of
- 12/2021
- EIN
- 51-0189605
Organization Overview
Classic Sports Racing Group is located in Woodland, CA. The organization was established in 1976. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. Classic Sports Racing Group 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, Classic Sports Racing Group generated $551.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $541.4k during the year ending 12/2021. While expenses have increased by 2.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF CLASSIC CAR RACES FOR THE PURPOSES OF PROMOTING PUBLIC INTEREST IN CLASSIC CARS AND RELATED ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE PROMOTION OF CLASSIC CAR RACES CLASSIC SPORTS RACING GROUP RAISED MONEY FOR VARIOUS CHARITIES. DONATIONS WERE MADE TO SPEEDWAY CHILDREN'S CHARITIES WHICH IS A 501 (C)(3) TAX EXEMPT ORGANIZATION. SPEEDWAY CHILDREN'S CHARITIES USED THESE DONATIONS AND MADE GRANTS TO 67 CHARITABLE ORGANIZATIONS IN SONOMA COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Locke DE Bretteville President | OfficerTrustee | 4 | $0 |
John Buddenbaum Board Member | OfficerTrustee | 4 | $0 |
Ed Lauber Vice Preside | OfficerTrustee | 4 | $0 |
Dave Zurlinden Treasurer | OfficerTrustee | 4 | $0 |
Scott Brown Board Member | Trustee | 4 | $0 |
Ed Lamantia Board Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $551,776 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $551,776 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $36,837 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $18,711 |
| Office expenses | $5,925 |
| Information technology | $1,106 |
| Royalties | $0 |
| Occupancy | $160,750 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $801 |
| Insurance | $19,066 |
| All other expenses | $131,652 |
| Total functional expenses | $541,369 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,957 |
| Savings and temporary cash investments | $204,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | -$2,042 |
| Net Land, buildings, and equipment | $1,203 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $299,215 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $299,215 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $299,215 |
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|---|---|---|
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Multnomah Athletic Club Portland, OR | $105,959,978 | $39,135,600 |
Monterey Peninsula Country Club Corp Pebble Beach, CA | $64,367,072 | $29,204,016 |
Hillcrest Country Club Los Angeles, CA | $41,243,354 | $25,586,349 |
Big Canyon Country Club Newport Beach, CA | $52,469,000 | $24,831,561 |
Jonathan Club Los Angeles, CA | $60,243,758 | $30,259,062 |
Los Angeles Country Club Los Angeles, CA | $94,895,978 | $18,517,076 |
Vintage Club Indian Wells, CA | $80,320,020 | $28,937,387 |
Brentwood Country Club Los Angeles Los Angeles, CA | $23,132,093 | $17,679,018 |
Waialae Country Club Honolulu, HI | $40,629,667 | $20,651,940 |
Track Town Usa Inc Eugene, OR | $22,816,196 | $29,424,138 |
Eldorado Country Club Indian Wells, CA | $45,757,738 | $18,170,181 |