Desert Vets Racing Inc
- Assets
- $167.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgecrest, CA
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 83-1463107
Organization Overview
Desert Vets Racing Inc is located in Ridgecrest, CA. The organization was established in 2020. 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. Desert Vets Racing 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, Desert Vets Racing Inc generated $50.0k in total revenue. All expenses for the organization totaled $35.4k during the year ending 12/2021. While expenses have increased by 114.2% per year over the past 2 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
DURING 2020 WE WERE ABLE TO PROVIDE RACING AND OTHER OFFROADING EXPERIENCES TO OVER 30 FORMER AND ACTIVE DUTY MILITARY MEMBERS FOR NO CHARGE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Pascarella Co Founder | 0 | $0 | |
Ashley Pascarella CFO | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,966 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,033 |
| 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 | $3,531 |
| Occupancy, rent, utilities, and maintenance | $1,869 |
| Printing, publications, postage, and shipping | $2,034 |
| Other expenses | $27,985 |
| Total expenses | $35,419 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $167 |
| Other assets | $0 |
| Total assets | $167 |
| Total liabilities | $0 |
| Net assets or fund balances | $167 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Desert Vets Racing Inc has recieved totaling $20,458.
| Awarding Organization | Amount |
|---|---|
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $13,935 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,388 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $135 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Club At Morningside Inc Rancho Mirage, CA | $15,858,818 | $9,401,139 |
The Reserve Club Indian Wells, CA | $31,458,734 | $9,455,163 |
The Estancia Club Inc Scottsdale, AZ | $23,780,936 | $10,696,041 |
Montreux Golf & Country Club Inc Reno, NV | $29,596,657 | $7,133,879 |
California Golf Club Of San Francisco South San Francisco, CA | $19,297,686 | $9,754,605 |
Serrano Country Club Inc El Dorado Hls, CA | $18,241,297 | $9,585,604 |
Castlewood Country Club Pleasanton, CA | $23,800,146 | $7,959,205 |
Mid-Pacific Country Club Kailua, HI | $9,777,454 | $9,430,357 |
Spanish Trail Country Club Inc Las Vegas, NV | $2,730,919 | $7,892,933 |
Nanea Golf Club Inc Kailua Kona, HI | $40,040,878 | $3,990,807 |
San Francisco Golf Club San Francisco, CA | $10,899,473 | $8,215,792 |
Fountaingrove Golf & Athletic Club Santa Rosa, CA | $34,306,195 | $9,950,085 |