Karting Association Of Lubbock Inc
- Assets
- $48.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- 00/0000
- Data as of
- 12/2019
- EIN
- 75-1808084
Organization Overview
Karting Association Of Lubbock Inc is located in Lubbock, TX. The organization was established in 0000. 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. Karting Association Of Lubbock Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2019, Karting Association Of Lubbock Inc generated $21.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $12.3k during the year ending 12/2019. While expenses have increased by 8.6% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Cox President | 5 | $0 | |
Wayne Painter V/p | 5 | $0 | |
Mark Probasco Treasurer | 5 | $0 | |
Ashley Wester Secretary | 5 | $0 | |
Nick Olenik Race Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,339 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,960 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $14,111 |
| Total Revenue | $21,410 |
| 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 | $250 |
| Occupancy, rent, utilities, and maintenance | $2,085 |
| Printing, publications, postage, and shipping | $82 |
| Other expenses | $9,910 |
| Total expenses | $12,327 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,889 |
| Other assets | $0 |
| Total assets | $48,582 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,582 |