Sturgis Mustang Rally Inc
- Assets
- $95.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sturgis, SD
- Founding
- Data as of
- 12/2021
- EIN
- 61-1617537
Organization Overview
Sturgis Mustang Rally Inc is located in Sturgis, SD.
For the year ending 12/2021, Sturgis Mustang Rally Inc generated $100.1k 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 (3.9%) each year. All expenses for the organization totaled $107.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2021
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 |
|---|---|---|---|
Frank Lawton Treasurer And Racing Coordinator | 10 | $0 | |
Robin Shrake Vice President | 10 | $0 | |
Dan Jacobsen President | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,134 |
| Total Program Service Revenue | $0 |
| Membership dues | $70,994 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$47 |
| Other Revenue | $0 |
| Total Revenue | $100,098 |
| 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 | $36,258 |
| Occupancy, rent, utilities, and maintenance | $24,054 |
| Printing, publications, postage, and shipping | $551 |
| Other expenses | $46,228 |
| Total expenses | $107,091 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,072 |
| Other assets | $0 |
| Total assets | $95,072 |
| Total liabilities | $0 |
| Net assets or fund balances | $95,072 |
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