Sturgis Mustang Rally Inc
- Assets
- $135.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgis, SD
- Founding
- Data as of
- 12/2023
- EIN
- 61-1617537
Organization Overview
Sturgis Mustang Rally Inc is located in Sturgis, SD.
For the year ending 12/2023, Sturgis Mustang Rally Inc generated $113.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $98.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
THE STURGIS MUSTANG RALLY WAS HELD OVER LABOR DAY WEEKEND WITH IMPROVING ATTENDANCE ANNUALLY. THE EVENT INCREASES REVENUE FOR LOCAL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Shrake Vice President | 10 | $0 | |
Dan Jacobsen President | 10 | $0 | |
Frank Lawton Treasurer And Racing Coordinator | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,020 |
| Total Program Service Revenue | $103,127 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$1,376 |
| Other Revenue | $0 |
| Total Revenue | $113,392 |
| 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 | $23,699 |
| Occupancy, rent, utilities, and maintenance | $14,255 |
| Printing, publications, postage, and shipping | $1,028 |
| Other expenses | $59,373 |
| Total expenses | $98,355 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $134,938 |
| Other assets | $0 |
| Total assets | $135,278 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,278 |