RENO AIR RACINGS ASSOCIATION INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- RENO AIR RACINGS ASSOCIATION INC (EIN 88-0093380)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-15
- IRS object ID
- 202233199349321593
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-15T15:41:11-06:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 450250958 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Eide Bailly LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 800 Nicollet Mall Ste 1300 | AddressLine1Txt |
| City | Minneapolis | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 554027033 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 880093380 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Reno Air Racing Association Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RENO | BusinessNameControlTxt |
| Phone | 7759726663 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14501 Mt Anderson Street | AddressLine1Txt |
| City | Reno | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89506 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tony Logoteta | PersonNm |
| Person Title | Chief Operating Officer | PersonTitleTxt |
| Phone | 7759726663 | PhoneNum |
| Signature | 2022-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Tony | PersonFirstNm |
| Person Last | Logoteta | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Deb Nelson CPA | PreparerPersonNm |
| PTIN | P01264758 | PTIN |
| Phone | 6122536500 | PhoneNum |
| Preparation | 2022-11-15 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Tony Logoteta | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14501 Mt Anderson Street | AddressLine1Txt |
| City | Reno | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $5,333,614 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | airrace.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1964 | FormationYr |
| Legal Domicile State | NV | LegalDomicileStateCd |
| Activity Or Mission | Produce a unique air racing event, honor military, inspire youth and strengthen our community. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 22 | TotalEmployeeCnt |
| Total Volunteers | 1000 | TotalVolunteersCnt |
| Total Gross UBI | $10,375 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $537 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $660,217 | PYContributionsGrantsAmt |
| CY Contributions Grants | $832,582 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $454,512 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $4,395,838 | CYProgramServiceRevenueAmt |
| PY Investment Income | $165,045 | PYInvestmentIncomeAmt |
| CY Investment Income | $12,701 | CYInvestmentIncomeAmt |
| PY Other Revenue | -$99,712 | PYOtherRevenueAmt |
| CY Other Revenue | -$89,760 | CYOtherRevenueAmt |
| PY Total Revenue | $1,180,062 | PYTotalRevenueAmt |
| CY Total Revenue | $5,151,361 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $255,759 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $361,224 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $820,400 | PYOtherExpensesAmt |
| CY Other Expenses | $4,319,613 | CYOtherExpensesAmt |
| PY Total Expenses | $1,076,159 | PYTotalExpensesAmt |
| CY Total Expenses | $4,680,837 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $103,903 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $470,524 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $544,022 | TotalAssetsBOYAmt |
| Total Assets EOY | $901,025 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,125,820 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,012,359 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$581,798 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$111,334 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To produce a first-class air racing and air show event that celebrates and perpetuates the world's fastest motorsport. (Continued on Schedule O)Fueled by decades of success, we're committed to delivering a safe, entertaining and exhilarating experience for fans while also honoring our military, inspiring our youth and strengthening our community, economy and culture. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,973,055 | ExpenseAmt |
| Revenue | $4,385,463 | RevenueAmt |
| Desc | The Air Race and Air Show hosts more than 100,000 attendees annually from around the world. Through a partnership with the Nevada Business Aviation Association (NVBAA) and Global Robot and Drone Deployment (GRADD), Reno Air Racing Association hosted over 6,000 students, free of charge, from multiple school districts at the 2021 National Championship Air Races to learn about aviation first-hand in our STEM Education Discovery Zone. In addition, we also provided free admission to over 1,000 current and former military members on Military Appreciation Day, Friday Sep. 17th, 2021. (Continued on Sch O)Each year the Reno Air Racing Association provides over $75,000 worth of free admission to local charities and schools through various donations, in addition to providing fundraising opportunities for numerous local profit service organizations. In late 2021, the Reno Air Racing Association launched its first flight scholarship program, rewarding 10 young adults with a scholarship in 2022 to achieve their private pilot license. | Desc |
| Total Program Service Expenses | $3,973,055 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | Yes (1) | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 88 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 22 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tony Logoteta | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7759726663 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14501 Mt Anderson Street | AddressLine1Txt |
| City | Reno | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89506 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| Tony Logoteta | ||||||
| Chief Operating Officer | 50.00 | Yes (X) | Yes (X) | $83,257 | $0 | $19,131 |
| Frederick Telling | ||||||
| Chairman/CEO | 25.00 | Yes (X) | Yes (X) | $50,000 | $0 | $0 |
| Terry Matter | ||||||
| Vice Chair | 12.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Joey Scolari | ||||||
| Secretary | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Mark Bailey | ||||||
| Treasurer | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| Mary Beth Sewald | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Fay Gregory | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Todd Donahue | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Bobbi Thompson | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Tony Marini | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Sue Gardner | ||||||
| Director | 3.00 | Yes (X) | $0 | $0 | $0 | |
| William Freeman | ||||||
| Director (Starting Oct 2021) | 3.00 | Yes (X) | $0 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $133,257 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $19,131 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| First Insurance Funding | |||||
| 450 Skokie Blvd Ste 1000 | Northbrook | IL | 60062 | Insurance | $607,434 |
| National Structure | |||||
| PO Box 1361 | San Antonio | TX | 78295 | Event Services/ EQ Rental | $332,556 |
| JM Associates LLC | |||||
| 1200 Scott Street | Little Rock | AR | 72202 | Broadcast Production Fees | $265,300 |
| Foundry | |||||
| PO Box 2945 | Mobile | AL | 36652 | Marketing/Public Relation | $191,292 |
| Sani Hut | |||||
| PO Box 7455 | Reno | NV | 89510 | Event Services/ Waste Mgmt | $184,287 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 7 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $228,770 | GovernmentGrantsAmt |
| All Other Contributions | $603,812 | AllOtherContributionsAmt |
| Total Contributions | $832,582 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| Ticket Sales | 541800 | $3,390,621 | $3,380,246 | $10,375 |
| Racing Event Revenue | 541800 | $975,088 | $975,088 |
Total Oth Program Service Rev TotalOthProgramServiceRevGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $30,129 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $30,129 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $4,395,838 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $201 | TotalRevenueColumnAmt |
| Exclusion | $201 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $74,668 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $176,034 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | -$101,366 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$101,366 | TotalRevenueColumnAmt |
| Exclusion | -$101,366 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,500 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $0 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $12,500 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $12,500 | TotalRevenueColumnAmt |
| Exclusion | $12,500 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Gross Income | $17,825 | GamingGrossIncomeAmt |
| Gaming Direct Expenses | $6,219 | GamingDirectExpensesAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,606 | TotalRevenueColumnAmt |
| Exclusion | $11,606 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,151,361 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,385,463 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $10,375 | UnrelatedBusinessRevenueAmt |
| Exclusion | -$77,059 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $152,388 | TotalAmt |
| Management And General | $152,388 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,444 | TotalAmt |
| Program Services | $20,950 | ProgramServicesAmt |
| Management And General | $150,494 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,400 | TotalAmt |
| Management And General | $2,400 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,357 | TotalAmt |
| Program Services | $100 | ProgramServicesAmt |
| Management And General | $5,257 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $29,635 | TotalAmt |
| Program Services | $1,963 | ProgramServicesAmt |
| Management And General | $27,672 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,627 | TotalAmt |
| Management And General | $1,627 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,688 | TotalAmt |
| Management And General | $34,688 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $522,988 | TotalAmt |
| Program Services | $472,988 | ProgramServicesAmt |
| Management And General | $50,000 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $175,781 | TotalAmt |
| Program Services | $175,781 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,629 | TotalAmt |
| Program Services | $6,252 | ProgramServicesAmt |
| Management And General | $26,377 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,846 | TotalAmt |
| Program Services | $2,679 | ProgramServicesAmt |
| Management And General | $167 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $80,346 | TotalAmt |
| Program Services | $60,946 | ProgramServicesAmt |
| Management And General | $19,400 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,782 | TotalAmt |
| Program Services | $11,748 | ProgramServicesAmt |
| Management And General | $102,034 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,231 | TotalAmt |
| Management And General | $31,231 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $33,217 | TotalAmt |
| Management And General | $33,217 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $781,651 | TotalAmt |
| Program Services | $764,073 | ProgramServicesAmt |
| Management And General | $17,578 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Prize Money | $743,204 | $743,204 | $0 |
| Direct Race Events Cost | $714,208 | $670,858 | $43,350 |
| Seating, Chalets, Booth | $549,669 | $545,442 | $4,227 |
| Program and Vendor Conc | $488,022 | $486,115 | $1,907 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,724 | TotalAmt |
| Program Services | $9,956 | ProgramServicesAmt |
| Management And General | $3,768 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,680,837 | TotalAmt |
| Program Services | $3,973,055 | ProgramServicesAmt |
| Management And General | $707,782 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,000 | BOYAmt |
| EOY | $1,376 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $131,573 | BOYAmt |
| EOY | $705,619 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $183,372 | BOYAmt |
| EOY | $31,340 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,477 | BOYAmt |
| EOY | $58,727 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,420 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $2,004,601 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,916,271 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $121,547 | BOYAmt |
| EOY | $88,330 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,633 | BOYAmt |
| EOY | $15,633 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $544,022 | BOYAmt |
| EOY | $901,025 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,970 | BOYAmt |
| EOY | $201,127 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $391,733 | BOYAmt |
| EOY | $110,707 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $425,000 | BOYAmt |
| EOY | $200,000 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $239,542 | BOYAmt |
| EOY | $499,900 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $575 | BOYAmt |
| EOY | $625 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,125,820 | BOYAmt |
| EOY | $1,012,359 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$581,798 | BOYAmt |
| EOY | -$111,334 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$581,798 | BOYAmt |
| EOY | -$111,334 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $544,022 | BOYAmt |
| EOY | $901,025 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $470,524 | ReconcilationRevenueExpnssAmt |
| Prior Period Adjustments | -$60 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,177,709 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $477,954 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $451,670 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $660,217 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $832,582 | CurrentTaxYearAmt |
| Total | $3,600,132 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,310,966 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,378,885 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,472,966 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $454,512 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,385,463 | CurrentTaxYearAmt |
| Total | $17,002,792 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $26,475 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $17,825 | CurrentTaxYearAmt |
| Total | $44,300 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,488,675 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,856,839 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,951,111 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,114,729 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,235,870 | CurrentTaxYearAmt |
| Total | $20,647,224 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $100,229 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $300,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $277,080 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $265,265 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $350,374 | CurrentTaxYearAmt |
| Total | $1,292,948 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $330,920 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $311,154 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $234,009 | CurrentTaxYearAmt |
| Total | $876,083 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $100,229 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $300,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $608,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $576,419 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $584,383 | CurrentTaxYearAmt |
| Total | $2,169,031 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $18,478,193 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $134 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $68,375 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $77,527 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,869 | CurrentTaxYearAmt |
| Total | $220,918 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $134 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $13 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $68,375 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $77,527 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $74,869 | CurrentTaxYearAmt |
| Total | $220,918 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $8,679 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $537 | CurrentTaxYearAmt |
| Total | $9,216 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $115,178 | CurrentTaxYearMinus3YearsAmt |
| Total | $115,178 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,488,809 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $4,972,030 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,028,165 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,192,256 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,311,276 | CurrentTaxYearAmt |
| Total | $20,992,536 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.88020 | PublicSupportCY509Pct |
| Public Support PY509 | 0.90750 | PublicSupportPY509Pct |
| Investment Income CY | 0.01050 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00720 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,522,435 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,448,827 | DepreciationAmt |
| Book Value | $73,608 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $482,166 | OtherCostOrOtherBasisAmt |
| Depreciation | $467,444 | DepreciationAmt |
| Book Value | $14,722 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $88,330 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Key Deposit | Desc |
| Amt | $625 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $625 | TotalLiabilityAmt |
Schedule G IRS990ScheduleG
Gaming Information GamingInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Revenue Other Gaming | $17,825 | GrossRevenueOtherGamingAmt |
| Non Cash Prizes Other Gaming | $2,400 | NonCashPrizesOtherGamingAmt |
| Rent Fclty Costs Other Gaming | $1,819 | RentFcltyCostsOtherGamingAmt |
| Oth Direct Expnss Other Gaming | $2,000 | OthDirectExpnssOtherGamingAmt |
| Volunteer Labor Other Gaming | Yes (1) | VolunteerLaborOtherGamingInd |
| Volunteer Labor Other Gaming | 1.00000 | VolunteerLaborOtherGamingPct |
| Gross Revenue Total Gaming | $17,825 | GrossRevenueTotalGamingAmt |
| Non Cash Prizes Total Gaming | $2,400 | NonCashPrizesTotalGamingAmt |
| Rent Fclty Costs Total Gaming | $1,819 | RentFcltyCostsTotalGamingAmt |
| Oth Direct Expnss Total Gaming | $2,000 | OthDirectExpnssTotalGamingAmt |
| Direct Expense Summary Gaming | $6,219 | DirectExpenseSummaryGamingAmt |
| Net Gaming Income Summary | $11,606 | NetGamingIncomeSummaryAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| States Where Gaming Conducted | NV | StatesWhereGamingConductedCd |
| Licensed | Yes (1) | LicensedInd |
| License Suspended Etc | 0 | LicenseSuspendedEtcInd |
| Gaming With Nonmembers | Yes (1) | GamingWithNonmembersInd |
| Member Of Other Entity | 0 | MemberOfOtherEntityInd |
| Gaming Own Facility | 1.00000 | GamingOwnFacilityPct |
| Gaming Other Facility | 0.00000 | GamingOtherFacilityPct |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tony Logoteta | BusinessNameLine1Txt |
Persons With Books US Address PersonsWithBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14501 Mt Anderson St | AddressLine1Txt |
| City | Reno | CityNm |
| State Abbreviation | NV | StateAbbreviationCd |
| ZIP | 89506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct With3rd Prty For Game Rev | 0 | CntrctWith3rdPrtyForGameRevInd |
Gaming Manager Business Name GamingManagerBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tony Logoteta | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gaming Manager Compensation | $750 | GamingManagerCompensationAmt |
| Gaming Manager Services Prov | Manage all operations related to raffle offerings. | GamingManagerServicesProvTxt |
| Gaming Manager Is Employee | Yes (X) | GamingManagerIsEmployeeInd |
| Charitable Distribution Rqr | 0 | CharitableDistributionRqrInd |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (2 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan To OrganizationLoanToOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| Joey Scolari | |||||||
| Board Secretary | Operations; Short Term Cash Flow Loan | Yes (X) | $250,000 | $0 | 0 | Yes (1) | Yes (1) |
| Frederick Telling | |||||||
| Board Chairman/CEO | Operations; Short Term Cash Flow Loan | Yes (X) | $200,000 | $200,000 | 0 | Yes (1) | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $200,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| Joey Scolari | |||
| Board Secretary | $10,295 | Interest on Loan | 0 |
| Frederick Telling | |||
| Board Chairman/CEO | $10,000 | Interest on Loan | 0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Sch L, Part IV, Business Transactions Involving Interested Persons: | FormAndLineReferenceDesc |
| Explanation | The interest rate paid on the loans from interested persons is set at 5%, which is at or below the market rate for similar short-term operating loans readily available to the Association. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part VI, Section A, line 1a | The Executive Committee has authority to act on behalf of the governing body. The Committee includes the Chairman/CEO, Vice Chair, Secretary, Treasurer, and Chief Operating Officer. There are no members of the Executive Committee who are not also members of the Governing Body. |
| Form 990, Part VI, Section B, line 11b | A copy of the Form 990 is provided to the Governing Body prior to Filing. |
| Form 990, Part VI, Section B, line 12c | All policies are reviewed by the board members and directors are knowledgeable of other members business relationships. |
| Form 990, Part VI, Section B, line 15 | The Compensation Committee reviews compensation for management and staff annually. The Committee utilizes comparative market information to ensure reasonableness. The Committee's recommendations are presented to the Board for discussion and approval. Minutes are maintained for meetings. |
| Form 990, Part VI, Section C, line 19 | All governing documents and financial statements are available upon request. |
| Form 990, Part IX, line 11g | Event Management: Program service expenses 122,210. Management and general expenses 0. Fundraising expenses 0. Total expenses 122,210. Broadcast Production Fees: Program service expenses 171,050. Management and general expenses 0. Fundraising expenses 0. Total expenses 171,050. Contract Labor: Program service expenses 179,728. Management and general expenses 50,000. Fundraising expenses 0. Total expenses 229,728. |