Tri-Valley Quarter Midget Racing
- Assets
- $2.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, CA
- Founding
- 04/2004
- Data as of
- 12/2021
- EIN
- 94-6104633
Organization Overview
Tri-Valley Quarter Midget Racing is located in Danville, CA. The organization was established in 2004. 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. Tri-Valley Quarter Midget Racing 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, Tri-Valley Quarter Midget Racing generated $46.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $58.4k during the year ending 12/2021. 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
DRIVER RECOGNITION/RACING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryanne Mendoza Officer | 0 | $0 | |
Jonathan Ventura Tech Directo | 0 | $0 | |
Norman Fenn Safety Direc | 0 | $0 | |
Frances Fenn Tower Direct | 0 | $0 | |
William King Training Dir | 0 | $0 | |
Serra Smith Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,830 |
| Membership dues | $7,515 |
| Investment income | $1 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $46,490 |
| 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 | $676 |
| Occupancy, rent, utilities, and maintenance | $18,603 |
| Printing, publications, postage, and shipping | $698 |
| Other expenses | $38,433 |
| Total expenses | $58,410 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,760 |
| Other assets | $0 |
| Total assets | $2,760 |
| Total liabilities | $0 |
| Net assets or fund balances | $2,760 |
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