Oaklane One-Quarter Midget Racing Club Inc
- Assets
- $47.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Trumbauersville, PA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 23-2656628
Organization Overview
Oaklane One-Quarter Midget Racing Club Inc is located in Trumbauersville, PA. The organization was established in 2013. 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. Oaklane One-Quarter Midget Racing Club 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 12/2021, Oaklane One-Quarter Midget Racing Club Inc generated $78.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $58.4k during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION'S MISSION IS TO ORGANIZE AND OPERATE INSTRUCTIONAL AND COMPETITIVE AMATEUR QUARTER MIDGET RACING FOR CHILDREN AGES 5 - 17 AND THEIR FAMILIES IN THE LOCAL, REGIONAL, AND NATIONAL RACING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Smith Director | 5 | $0 | |
Gabe Luberto President | 15 | $0 | |
Jake Pack Vice President | 15 | $0 | |
Eric Strickler Director | 5 | $0 | |
Mike Hughes Director | 5 | $0 | |
Tim Bane Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,392 |
| Membership dues | $4,100 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $78,497 |
| 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 | $575 |
| Occupancy, rent, utilities, and maintenance | $25,448 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,419 |
| Total expenses | $58,442 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,047 |
| Other assets | $0 |
| Total assets | $47,047 |
| Total liabilities | $0 |
| Net assets or fund balances | $47,047 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oaklane One-Quarter Midget Racing Club Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
North Penn Gun Club Trumbauersville, PA PURPOSE: TO ORGANIZE AND OPERATE COMPETITIVE AMATEUR QUARTER MIDGET RACING FOR CHILDREN AND YOUTH | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plainfield Country Club Edison, NJ | $20,539,827 | $10,734,974 |
Glen Ridge Country Club Glen Ridge, NJ | $4,315,456 | $11,200,681 |
Overbrook Golf Club Bryn Mawr, PA | $25,446,093 | $10,373,823 |
Fisher Island Club Inc Fishers Island, NY | $26,382,427 | $9,842,592 |
North Jersey Country Club Inc Wayne, NJ | $12,240,984 | $10,758,532 |
Noyac Golf Club Inc Sag Harbor, NY | $25,263,669 | $11,022,614 |
Huntington Crescent Club Inc Huntington, NY | $18,101,805 | $9,571,803 |
Cedar Hill Golf & Country Club Inc Livingston, NJ | $9,265,709 | $8,374,790 |
Lake Mohawk Country Club Sparta, NJ | $6,081,837 | $9,550,355 |
Mill River Club Inc Oyster Bay, NY | $11,730,867 | $8,340,769 |
White Beeches Golf And Country Club Haworth, NJ | $11,179,728 | $9,547,172 |
American Philatelic Society Bellefonte, PA | $5,023,195 | $3,137,752 |