Quincy Grand Prix Inc
- Assets
- $24.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, IL
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 82-4027199
Organization Overview
Quincy Grand Prix Inc is located in Quincy, IL. The organization was established in 2019. 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. Quincy Grand Prix 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 12/2021, Quincy Grand Prix Inc generated $111.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $112.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.2%) per year over the past 3 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
2021
Describe the Organization's Program Activity:
Part 3
ORGANIZING, CONDUCTING, AND PROVIDING SUPPORT FOR KARTING AND KART RACING ACTIVITIES AND EVENTS. TO ANNUALLY PRODUCE AND PROMOTE TWO DAYS OF KARTING RACES, AN AMATEUR SPORTING EVENT, EACH JUNE. APPROXIMATELY 10,000 MEMBERS OF THE PUBLIC ATTENDED TO WATCH 343 KARTS RACE IN 11 AMATEUR CLASSES. THE GOAL OF THESE EVENTS IS GENERAL CIVIC IMPROVEMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Traeder President | 4 | $0 | |
Jeff Miles Secretary | 1 | $0 | |
Rome Frericks Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $111,911 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $111,911 |
| 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 | $25,308 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $1,671 |
| Other expenses | $85,852 |
| Total expenses | $112,831 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,903 |
| Other assets | $0 |
| Total assets | $24,903 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,903 |
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