La Velodrome Racing Association is located in Carson, CA. The organization was established in 2007. According to its NTEE Classification (N71) the organization is classified as: Olympics, 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. LA Velodrome Racing Association 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 03/2022, LA Velodrome Racing Association generated $34.7k 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 (7.1%) each year. All expenses for the organization totaled $29.8k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) 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
RACES AND SPONSORSHIP FOR RACES, YOUTH, AND CLUB PROGRAMS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Zach Labry CEO | 0 | $0 | |
David Huntsman Cfo, Secretary | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $10,695 |
Total Program Service Revenue | $23,977 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $34,672 |
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 | $5,470 |
Occupancy, rent, utilities, and maintenance | $9,459 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $14,862 |
Total expenses | $29,791 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $44,854 |
Other assets | $0 |
Total assets | $44,854 |
Total liabilities | $0 |
Net assets or fund balances | $44,854 |
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La Velodrome Racing Association Carson, CA | $44,854 | $0 |