Blain Motorsports Foundation Inc
- Assets
- $1.3m
- Revenue
- $132.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Visalia, CA
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-2485818
Organization Overview
Blain Motorsports Foundation Inc is located in Visalia, CA. The organization was established in 2014. 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. Blain Motorsports Foundation 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, Blain Motorsports Foundation Inc generated $132.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $240.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Blain President | 0 | $0 | |
Sandra Blain Director | 0 | $0 | |
James Putnam Director | 0 | $0 | |
Brody Blain Director | 0 | $0 | |
Brittany Blain Secretary | 0 | $0 | |
Paet Hidalgo Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $132,071 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $132,071 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $264 |
| Depreciation | $0 |
| Occupancy | $6,037 |
| Travel, conferences, and meetings | $47,492 |
| Printing and publications | $0 |
| Other expenses | $179,799 |
| Total operating and administrative expenses | $234,385 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $240,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,040 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $171 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,185,447 |
| Other assets | $0 |
| Total assets | $1,272,658 |
| Accounts payable and accrued expenses | $6,603 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,603 |
Grants Awarded
Over the last fiscal year, Blain Motorsports Foundation Inc has awarded $2,560 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
IRONSTONE FOUNDATION PURPOSE: SUPPORT | $780 |
WOODLAKE ROTARY PURPOSE: SUPPORT | $500 |
IRONSTONE FOUNDATION PURPOSE: SUPPORT | $780 |
WOODLAKE ROTARY PURPOSE: SUPPORT | $500 |