Lake Race Corp is located in Lake Ozark, MO. The organization was established in 2017. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Race Corp 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 12/2021, Lake Race Corp generated $139.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $161.5k during the year ending 12/2021. While expenses have increased by 5.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION HOSTS A LAKE RACE EVENT AND PROCEEDS ARE USED FOR CONTRIBUTIONS TO NOT-FOR-PROFIT ORGANIZATIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tanya Dalka Secretary | 4 | $0 | |
Jeff Dorhauer President | 4 | $0 | |
Michelle Curry Treasurer | 4 | $0 | |
Tom Abbett Vice Preside | 4 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $35,311 |
Total Program Service Revenue | $85,550 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $18,934 |
Other Revenue | $0 |
Total Revenue | $139,795 |
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 | $12,760 |
Occupancy, rent, utilities, and maintenance | $204 |
Printing, publications, postage, and shipping | $6,527 |
Other expenses | $141,985 |
Total expenses | $161,476 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $0 |
Other assets | $0 |
Total assets | $0 |
Total liabilities | $23,195 |
Net assets or fund balances | -$23,195 |
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