Laguna Seca Raceway Fund
- Assets
- $337.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Monterey, CA
- Founding
- 04/2003
- Data as of
- 12/2016
- EIN
- 75-3088903
Organization Overview
Laguna Seca Raceway Fund is located in Monterey, CA. The organization was established in 2003. According to its NTEE Classification (N11) the organization is classified as: Single Organization Support, 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. Laguna Seca Raceway Fund 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 12/2016, Laguna Seca Raceway Fund generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $5.5k during the year ending 12/2016. As we would expect to see with falling revenues, expenses have declined by (35.7%) per year over the past 2 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
2016
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Schley President | 2 | $0 | |
Steven Fields Secretary | 2 | $0 | |
Carl Anderson Vice President | 2 | $0 | |
Gregg Curry Board Member | 0 | $0 | |
Greg Evans Board Member | 0 | $0 | |
Jim Graber Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $571 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,206 |
| Total Revenue | $4,777 |
| 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 | $1,150 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,334 |
| Total expenses | $5,484 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $306,840 |
| Other assets | $0 |
| Total assets | $337,421 |
| Total liabilities | $343 |
| Net assets or fund balances | $337,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Laguna Seca Raceway Fund has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Hills Memorial Park Endowment Care Trust Fund Rancho Palos Verdes, CA | $83,462,233 | $9,095,852 |
Reno-Tahoe Open Foundation Reno, NV | $100,630 | $4,549,050 |
Valley Of The Sun Bowl Foundation Scottsdale, AZ | $1,083,776 | $4,579,117 |
Outward Bound California San Francisco, CA | $5,260,897 | $5,231,373 |
Los Angeles Parks Foundation Los Angeles, CA | $6,042,813 | $2,779,556 |
The Scga Foundation Studio City, CA | $5,068,543 | $2,522,992 |
Truckee Meadows Parks Foundation Reno, NV | $433,381 | $1,831,292 |
Youth Tennis San Diego San Diego, CA | $3,088,296 | $1,446,054 |
Elings Park Foundation Santa Barbara, CA | $8,528,099 | $3,756,645 |
Vegas Jr Golden Knights Foundation Inc Las Vegas, NV | $277,565 | $1,461,319 |
Kukuiolono Park Trust Estate Honolulu, HI | $5,322,093 | $1,327,983 |
Death Valley Conservancy Pasadena, CA | $30,770,823 | $2,218,729 |