Foundre Racing Az Inc
- Assets
- $10.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gilbert, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 87-4007479
Organization Overview
Foundre Racing Az Inc is located in Gilbert, AZ. 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. Foundre Racing AZ 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 12/2022, Foundre Racing AZ Inc generated $50.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $62.4k during the year ending 12/2022. 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
YOUTH RACING TEAM ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Biesen President | 1 | $0 | |
Wesley Biesen Treasurer | 5 | $0 | |
James C Nichols Vice Preside | 5 | $0 | |
Michael Trujillo Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,822 |
| 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 | $50,822 |
| 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 | $1,456 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,969 |
| Total expenses | $62,425 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,795 |
| Other assets | $0 |
| Total assets | $10,795 |
| Total liabilities | $845 |
| Net assets or fund balances | $9,950 |