Tri-State Karting Inc
- Assets
- $21.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Amarillo, TX
- Founding
- 01/1997
- Data as of
- 12/2020
- EIN
- 75-2634867
Organization Overview
Tri-State Karting Inc is located in Amarillo, TX. The organization was established in 1997. According to its NTEE Classification (O52) the organization is classified as: Youth Development - Agricultural, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-State Karting 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 12/2020, Tri-State Karting Inc generated $3.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (39.8%) each year. All expenses for the organization totaled $7.4k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
RACING EVENTS AND SAFETY CLASSES ARE HELD FROM APRIL THROUGH SEPTEMBER EACH YEAR. THERE IS AN AVERAGE OF52 FAMILIES INVOLVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Mcnabb President | 12 | $0 | |
Jeff Reese Vice President | 12 | $0 | |
Kristal Reese Treasurer | 12 | $0 | |
Misty Mcdonald Secretary | 12 | $0 | |
David Ulch Board Memeber | 0 | $0 | |
Jamie Mcnabb Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $700 |
| Total Program Service Revenue | $335 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$164 |
| Net Income from Gaming & Fundraising | $2,550 |
| Other Revenue | $0 |
| Total Revenue | $3,421 |
| 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 | $1,254 |
| Occupancy, rent, utilities, and maintenance | $1,988 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,095 |
| Total expenses | $7,437 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,229 |
| Other assets | $0 |
| Total assets | $21,229 |
| Total liabilities | $4 |
| Net assets or fund balances | $21,225 |