Performance Racing Inc
- Assets
- $160.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Diamond Bar, CA
- Founding
- Data as of
- 06/2022
- EIN
- 87-1373521
Organization Overview
Performance Racing Inc is located in Diamond Bar, CA.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PERFORMANCE RACING, INC. WILL ADVOCATE FOR AND EDUCATE THE PUBLIC ON ISSUES REGARDING THE AMERICAN CULTURE AND LIFESTYLE ARISING OUT OF THE INVENTION AND CONTINUAL IMPROVEMENT, DEVELOPMENT, AND PERSONALIZATION AND USE OF AUTOMOBILES AND TRUCKS FOR RACING, TRAVEL, AND OTHER PURPOSES. THE ACTIVITIES WILL BE CONDUCTED BY PERFORMANCE RACING, INC. THROUGH VARIOUS MEANS OF EDUCATION EFFORTS, INCLUDING BUT NOT LIMITED TO GRASSROOTS EFFORTS, MASS MARKETING, AND OUTREACH THROUGHOUT AMERICA. THE ACTIVITIES WILL BE ONGOING AND CONDUCTED BY VOLUNTEERS AND PAID CONTRACTORS. THE AIM OF THESE ADVOCACY AND EDUCATIONAL ACTIVITIES WILL BE TO MAKE INDIVIDUALS AWARE OF ISSUES REGARDING THE AMERICAN CULTURE AND LIFESTYLE ARISING OUT OF THE INVENTION AND CONTINUAL IMPROVEMENT, DEVELOPMENT, AND PERSONALIZATION AND USE OF AUTOMOBILES AND TRUCKS FOR RACING, TRAVEL, AND OTHER PURPOSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Martin Secretary | 3 | $0 | |
James Lawrence Chairman | 3 | $0 | |
Kyle Fickler Chair Elect, Treas (thru 10/8/21) | 3 | $0 | |
Steve Matusek Treasurer (10/08/21 To 03/10/22) | 3 | $0 | |
Bunyan Les Rudd Treasurer (from 3/10/22) | 3 | $0 | |
George Afremow VP & CFO | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $120,315 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $120,315 |
| 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 | $830 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,993 |
| Total expenses | $26,823 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,944 |
| Other assets | $0 |
| Total assets | $160,269 |
| Total liabilities | $66,777 |
| Net assets or fund balances | $93,492 |