Marina Motorsports Inc
- Assets
- $145.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Salinas, CA
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 77-0421278
Organization Overview
Marina Motorsports Inc is located in Salinas, CA. The organization was established in 2019. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, 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. Marina Motorsports 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 12/2021, Marina Motorsports Inc generated $5.6k 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 (37.2%) each year. All expenses for the organization totaled $30.2k during the year ending 12/2021. 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
AUTOCROSS AND AUCTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Murphy Secretary | 2 | $0 | |
Robert Mccaffrey President | 3 | $0 | |
John Moulton Treasurer | 6 | $0 | |
Ron Cowen Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,552 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,552 |
| 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 | $1,170 |
| Occupancy, rent, utilities, and maintenance | $2,750 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $12,950 |
| Total expenses | $30,204 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $144,717 |
| Other assets | $0 |
| Total assets | $145,010 |
| Total liabilities | $0 |
| Net assets or fund balances | $145,010 |
Grants Awarded
Over the last fiscal year, Marina Motorsports Inc has awarded $18,269 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VETERANS TRANSITION CENTER PURPOSE: General | $10,119 |
COMMUNITY FDN FOR MTY COUNTY PURPOSE: General | $8,150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Los Angeles Dodgers Foundation Los Angeles, CA | $3,410,551 | $8,089,122 |
Golden State Warriors Community Foundation San Francisco, CA | $12,318,802 | $3,080,465 |
Everykidsports Bend, OR | $1,406,515 | $1,984,529 |
Regional Parks Foundation Oakland, CA | $19,291,052 | $7,078,188 |
Angels Baseball Foundation Inc Anaheim, CA | $12,036,127 | $3,125,940 |
Arizona Tennis Charities Phoenix, AZ | $163,967 | $845,443 |
Hollyrod Foundation Woodland Hills, CA | $454,892 | $514,993 |
Chaparral Firebirds Baseball Club Phoenix, AZ | $33,145 | $562,494 |
Half Moon Bay High School Boosters Athletics Half Moon Bay, CA | $272,556 | $432,462 |
Chico High Sports Boosters Chico, CA | $346,681 | $319,018 |
Az Omega Booster Club Cashion, AZ | $44,101 | $369,076 |
Littlewing Athletics Inc Bend, OR | $882,311 | $30,593 |