Kobuk 440 Racing Association Inc
- Assets
- $57.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kotzebue, AK
- Founding
- 02/2014
- Data as of
- 12/2022
- EIN
- 46-1672915
Organization Overview
Kobuk 440 Racing Association Inc is located in Kotzebue, AK. The organization was established in 2014. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kobuk 440 Racing Association 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 12/2022, Kobuk 440 Racing Association Inc generated $107.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $131.1k during the year ending 12/2022. While expenses have increased by 8.9% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE KOBUK 440 RACING ASSOCIATION IS DEDICATED TO ENHANCING AND PERPETUATING THE INUPIAQ TRADITION OF DISTANCE DOG MUSHING IN THE ARCTIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hansen President | 1 | $0 | |
Brad Reeve Vice Preside | 1 | $0 | |
Michelle Kubalak Treasurer | 1 | $0 | |
Val Amunson Secretary | 1 | $0 | |
Dickie Moto Director | 0.5 | $0 | |
Joanna Burton Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $91,550 |
| Total Program Service Revenue | $7,380 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $638 |
| Other Revenue | $0 |
| Total Revenue | $107,695 |
| 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 | $1,420 |
| Occupancy, rent, utilities, and maintenance | $4,671 |
| Printing, publications, postage, and shipping | $215 |
| Other expenses | $124,767 |
| Total expenses | $131,073 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $51,724 |
| Other assets | $0 |
| Total assets | $57,944 |
| Total liabilities | $0 |
| Net assets or fund balances | $57,944 |