Lost Creek Raceway Association Inc
- Assets
- $133.3k
- Revenue
- $181.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Anaconda, MT
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 81-0440413
Organization Overview
Lost Creek Raceway Association Inc is located in Anaconda, MT. The organization was established in 2015. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Lost Creek Raceway Association Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lost Creek Raceway Association 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, Lost Creek Raceway Association Inc generated $181.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $161.0k during the year ending 12/2021. While expenses have increased by 8.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOST CREEK RACEWAY ASSOCIATION FEATURED 20 RACE DAYS DURING 2021 AVERAGING 50-60 CARS PER RACE. PRIOR TO EACH RACE, THE ASSOCIATION HOSTS A SERIES OF TECHNICAL SAFETY SEMINARS IN PROMOTION OF AN AFFORDABLE SAFE-RACE ATMOSPHERE. THESE SAFETY EVENTS ARE OFFERED IN AN ATTEMPT TO KEEP ILLEGAL DRAG RACING OFF OF OUR STREETS AND HIGHWAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF AUTOMOBILE RACING SAFETY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael N Hall President | Officer | 20 | $0 |
Suzanne Hall Treasurer | Officer | 25 | $0 |
Tracy Potvin Vice-President | Officer | 20 | $0 |
Jj Potvin Secretary | Officer | 10 | $0 |
George Pamenter III Director | Trustee | 15 | $0 |
Ryan Garner Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,667 |
| Total Program Service Revenue | $136,386 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,296 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $9,087 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,360 |
| Office expenses | $1,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,031 |
| Travel | $5,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,685 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,593 |
| Insurance | $9,484 |
| All other expenses | $83,656 |
| Total functional expenses | $161,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $81,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,220 |
| Total assets | $133,284 |
| Accounts payable and accrued expenses | $2,313 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $61,161 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $63,474 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $69,810 |
| Total liabilities and net assets/fund balances | $133,284 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lost Creek Raceway Association Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Summit League Inc Sioux Falls, SD | $12,416,599 | $5,663,074 |
Crane Creek Country Club Inc Boise, ID | $12,055,975 | $8,134,386 |
Minnehaha Country Club Sioux Falls, SD | $14,982,683 | $7,335,530 |
Hayden Lake Country Club Inc Hayden Lake, ID | $13,288,734 | $7,601,397 |
Yellowstone Country Club Billings, MT | $16,925,660 | $5,368,324 |
Fargo Country Club Inc Fargo, ND | $6,596,012 | $4,434,937 |
Meadow Lark Country Club Inc Great Falls, MT | $3,427,562 | $4,360,131 |
Blue Lakes Country Club Inc Twin Falls, ID | $5,858,115 | $3,926,859 |
Crosscut Mountain Sports Center Inc Bozeman, MT | $22,822,828 | $2,797,644 |
Dakota Dunes Country Club Dakota Dunes, SD | $9,451,517 | $2,826,381 |
Cheyenne Country Club Cheyenne, WY | $3,754,776 | $3,446,584 |
Tnt Kids Fitness Fargo, ND | $7,991,266 | $3,892,902 |