Indiana Street Karting Association
- Assets
- $9.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Logansport, IN
- Founding
- 02/2018
- Data as of
- 12/2020
- EIN
- 82-1178582
Organization Overview
Indiana Street Karting Association is located in Logansport, IN. The organization was established in 2018. 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. Indiana Street Karting Association is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2020, Indiana Street Karting Association generated $30.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.7%) each year. All expenses for the organization totaled $25.3k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (25.3%) 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
2020
Describe the Organization's Program Activity:
Part 3
TO ORGANIZE, PROMOTE AND CONDUCT STREET RACING OF MOTORIZED KARTS FOR THE ENJOYMENT OF ASSOCIATION MEMBERS. TO ESTABLISH A FAIR AND EQUALLY APPLIED SET OF RULES TO FURTHER THE ASSOCIATIONS OBJECTIVES, SUCH THAT ALL MEMBERS SHALL ENJOY THE ASSOCIATION'S ABILITY TO FURTHER THE ASSOCIATION/CLUB SPORT OF KART STREET RACING. A MINIMUM OF 2 KART RACING EVENTS A YEAR AND AT A MAXIMUM OF 15 KART RACING EVENTS A YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Budreau Director & P | 15 | $0 | |
John Thompson Director & V | 2 | $0 | |
Jerry Schneider Director & S | 2 | $0 | |
Shannon Huffman Director & T | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $30,025 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,025 |
| 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 | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,961 |
| Total expenses | $25,261 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,800 |
| Other assets | $0 |
| Total assets | $9,800 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Academy Of Model Aeronautics Ama Muncie, IN | $14,826,959 | $9,207,922 |
Twin Orchard Country Club Long Grove, IL | $7,888,847 | $8,779,508 |
Briarwood Country Club Deerfield, IL | $16,862,462 | $7,936,936 |
Idle Hour Country Club Inc Lexington, KY | $13,827,877 | $6,560,806 |
Wisconsin Club Inc Milwaukee, WI | $13,631,132 | $7,676,658 |
Milwaukee Country Club River Hills, WI | $13,393,861 | $8,032,632 |
Chicago Club Chicago, IL | $23,297,083 | $6,965,290 |
Westborough Country Club St Louis, MO | $12,574,803 | $8,255,604 |
North Shore Country Club Mequon, WI | $12,385,301 | $7,356,496 |
River Forest Country Club Elmhurst, IL | $11,952,693 | $7,876,925 |
Conway Farms Golf Club Inc Lake Forest, IL | $28,236,778 | $8,719,837 |
Chicago Yacht Club Chicago, IL | $8,000,241 | $5,569,403 |