Christian Motorsports International
- Assets
- $1.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 21
- Location
- Mesa, AZ
- Founding
- 12/1984
- Data as of
- 12/2023
- EIN
- 95-3912415
Organization Overview
Christian Motorsports International is located in Mesa, AZ. The organization was established in 1984. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Christian Motorsports International employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Motorsports International 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, Christian Motorsports International generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO SERVE PEOPLE IN THE WORLD OF MOTORSPORTS IN THE NAME OF JESUS CHRIST THROUGH PROVIDING FELLOWSHIP, PASTORAL CARE, EVANGELISM AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPEL SERVICES FOR RACING ENTHUSIASTS THROUGHOUT THE U.S.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tami Bandimere Chair | OfficerTrustee | 1 | $0 |
John Brimer Treasurer | OfficerTrustee | 1 | $0 |
Rachel Delago Secretary | OfficerTrustee | 1 | $0 |
Ritchie Lewis Director | Trustee | 1 | $0 |
Steve Yaggy Director | Trustee | 1 | $0 |
Dave Mason Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $199,214 |
| Related organizations | $0 |
| Government grants | $121,807 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,247,778 |
| Noncash contributions included in lines 1a–1f | $46,491 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,568,799 |
| Total Program Service Revenue | $0 |
| Investment income | $15,607 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,473 |
| Net Income from Fundraising Events | -$44,907 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,142 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,546,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $3,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $110,011 |
| Compensation of current officers, directors, key employees. | $16,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,971 |
| Pension plan accruals and contributions | $17,788 |
| Other employee benefits | $150,161 |
| Payroll taxes | $29,385 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,223 |
| Advertising and promotion | $0 |
| Office expenses | $82,916 |
| Information technology | $35,984 |
| Royalties | $0 |
| Occupancy | $47,326 |
| Travel | $227,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,874 |
| Interest | $3,832 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,453 |
| Insurance | $13,136 |
| All other expenses | $0 |
| Total functional expenses | $1,349,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,323 |
| Savings and temporary cash investments | $1,123,213 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $19,240 |
| Prepaid expenses and deferred charges | $3,345 |
| Net Land, buildings, and equipment | $51,659 |
| Investments—publicly traded securities | $3 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $33,792 |
| Other assets | $0 |
| Total assets | $1,697,575 |
| Accounts payable and accrued expenses | $32,005 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $156,073 |
| Other liabilities | $35,458 |
| Total liabilities | $223,536 |
| Net assets without donor restrictions | $778,707 |
| Net assets with donor restrictions | $695,332 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,697,575 |