Coles County Modified Midget Racing Assn Inc
- Assets
- $217.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Arthur, IL
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 37-1376322
Organization Overview
Coles County Modified Midget Racing Assn Inc is located in Arthur, IL. 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. Coles County Modified Midget Racing Assn Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Coles County Modified Midget Racing Assn Inc generated $70.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $75.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 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
CONDUCTING SPORTS CAR EVENTS FOR THE PLEASURE AND RECREATION OF MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Frantz President | 5 | $0 | |
Kevin Strong Vice Preside | 5 | $0 | |
J B Gilbert Trustee | 0 | $0 | |
Dave Storm Secretary | 0 | $0 | |
Brad Emery Trustee | 0 | $0 | |
Tim Auffenorde Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,491 |
| Total Program Service Revenue | $46,484 |
| Membership dues | $0 |
| Investment income | $114 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $70,108 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $22,077 |
| Printing, publications, postage, and shipping | $178 |
| Other expenses | $53,183 |
| Total expenses | $75,438 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,416 |
| Other assets | $0 |
| Total assets | $217,514 |
| Total liabilities | $4,306 |
| Net assets or fund balances | $213,208 |