Timberline Race Team Inc
- Assets
- $16.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Davis, WV
- Founding
- 08/1990
- Data as of
- 11/2022
- EIN
- 55-0648586
Organization Overview
Timberline Race Team Inc is located in Davis, WV. The organization was established in 1990. 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. Timberline Race Team Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2022, Timberline Race Team Inc generated $65.7k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $66.7k during the year ending 11/2022. While expenses have increased by 13.7% per year over the past 3 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
2022
Describe the Organization's Program Activity:
Part 3
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Schwarz President | 15 | $0 | |
Mark Russell Vice President | 15 | $0 | |
David O'neil Treasurer | 15 | $0 | |
Dyanne Howard Secretary | 15 | $0 | |
Erika Keough Competition Director | 15 | $0 | |
Alyce Dawson Development Director | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $65,711 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,711 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,968 |
| Professional fees and other payments to independent contractors | $2,441 |
| Occupancy, rent, utilities, and maintenance | $2,528 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $30,762 |
| Total expenses | $66,699 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,741 |
| Other assets | $0 |
| Total assets | $16,741 |
| Total liabilities | $124 |
| Net assets or fund balances | $16,617 |