Virginia City Motorsports Club
- Assets
- $100.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia City, NV
- Founding
- Data as of
- 12/2023
- EIN
- 85-3814235
Organization Overview
Virginia City Motorsports Club is located in Virginia City, NV. 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. Virginia City Motorsports Club 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 12/2023, Virginia City Motorsports Club generated $124.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $96.6k during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 3 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
2023
Describe the Organization's Program Activity:
Part 3
THE VIRGINIA CITY GRAND PRIX RACE THAT TOOK PLACE IN 2023 FOR APPROX 600 RACERS. THE EVENT RAISES MONEY FROM RACE ENTRY FEES, PREMIUM START POSITION PURCHASES, CAMPING FEES, MERCHANDISE SALES AND MARKETING SUPPORT OPPORTUNITIES. THE COSTS TO PUT ON THE RACE EACH YEAR VARIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gross Director | 7 | $0 | |
Corey Hooper Director | 3 | $0 | |
Gary Matheus Director | 7 | $0 | |
Daniel Rankin Director | 3 | $0 | |
Timothy Beaupre Secretary | 7 | $0 | |
Thomas Lay Vice Pres | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $102,766 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $124,398 |
| 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 | $6,572 |
| Occupancy, rent, utilities, and maintenance | $17,010 |
| Printing, publications, postage, and shipping | $733 |
| Other expenses | $58,435 |
| Total expenses | $96,619 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,362 |
| Other assets | $0 |
| Total assets | $100,681 |
| Total liabilities | $0 |
| Net assets or fund balances | $100,681 |