California Lightning Sprints
- Assets
- $7.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Torrance, CA
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 33-0747025
Organization Overview
California Lightning Sprints is located in Torrance, CA. The organization was established in 1998. 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. California Lightning Sprints is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, California Lightning Sprints generated $50.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $54.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 5 years. 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
2022
Describe the Organization's Program Activity:
Part 3
PROVIDED VEHICLE RACE EVENTS FOR THE GENERAL PUBLIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Robertson President | 10 | $0 | |
Bobby Michnowicz Vice President | 10 | $0 | |
Michael Nigh Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,019 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,019 |
| 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 | $4,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $203 |
| Other expenses | $49,620 |
| Total expenses | $54,323 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,539 |
| Other assets | $0 |
| Total assets | $7,539 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,539 |