L5flyers Racing Incorporated
- Assets
- $24.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ranger, GA
- Founding
- 03/2006
- Data as of
- 12/2023
- EIN
- 20-0388891
Organization Overview
L5flyers Racing Incorporated is located in Ranger, GA. The organization was established in 2006. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. L5flyers Racing Incorporated is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2023, L5flyers Racing Incorporated generated $10.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $13.0k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
AMATEUR CYCLING CLUB WITH ABOUT 50 MEMBERS PARTICIPATING IN VARIOUS RECREATIONAL CYCLING THROUGHOUT THE YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacy Robinson President | 0 | $0 | |
Brandon Gavic Vice Preside | 0 | $0 | |
Anderson Bailie Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,507 |
| 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 | $10,507 |
| 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 | $12,060 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $975 |
| Total expenses | $13,035 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,106 |
| Other assets | $0 |
| Total assets | $24,106 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,106 |