Outboard Drag Boat Association Inc
- Assets
- $9.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Prattville, AL
- Founding
- 05/2002
- Data as of
- 01/2023
- EIN
- 58-2460404
Organization Overview
Outboard Drag Boat Association Inc is located in Prattville, AL. The organization was established in 2002. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Outboard Drag Boat Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 01/2023, Outboard Drag Boat Association Inc generated $114.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $121.5k during the year ending 01/2023. While expenses have increased by 6.0% per year over the past 6 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED ORGANIZED RACE COURSES DURING THE YEAR AND PROMOTED FAMILY PARTICIPATION IN ALL PHASES OF OUTBOARD DRAG BOAT RACING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane Stovall President | 0 | $0 | |
Jack Barsh Vice President | 0 | $0 | |
Jennifer Stovall Treasury | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $103,291 |
| Membership dues | $11,375 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $114,666 |
| 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 | $600 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $120,881 |
| Total expenses | $121,481 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,938 |
| Other assets | $0 |
| Total assets | $9,744 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,744 |