Medford Dragstrip Inc
- Assets
- $219.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 8
- Location
- White City, OR
- Founding
- Data as of
- 12/2022
- EIN
- 82-3285340
Organization Overview
Medford Dragstrip Inc is located in White City, OR. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Medford Dragstrip Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medford Dragstrip 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 12/2022, Medford Dragstrip Inc generated $115.7k 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 (11.2%) each year. All expenses for the organization totaled $146.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) 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
2022
Describe the Organization's Program Activity:
Part 3
PROMOTED RACING AT A SAFE AND CONTROLLED FACILITY AND DISCOURAGED ILLEGAL STREET RACING. PROMOTED YOUTH INVOLVEMENT IN SAFE MOTORSPORTS IN JUNIOR AND HIGH SCHOOL CLASSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Alfrey Officer | 10 | $0 | |
Jody Goodlett Officer | 10 | $0 | |
Justin Goodlett President | 15 | $0 | |
Ann Marie Alfrey Vice President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,519 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $119,915 |
| Total Revenue | $115,724 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,125 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $58,151 |
| Printing, publications, postage, and shipping | $1,651 |
| Other expenses | $75,184 |
| Total expenses | $146,111 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,001 |
| Other assets | $0 |
| Total assets | $219,165 |
| Total liabilities | $5,107 |
| Net assets or fund balances | $214,058 |