Iowa Racing Association - 515 Racing
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Bondurant, IA
- Founding
- 02/2018
- Data as of
- 12/2019
- EIN
- 81-5368792
Organization Overview
Iowa Racing Association - 515 Racing is located in Bondurant, IA. The organization was established in 2018. According to its NTEE Classification (M42) the organization is classified as: Automotive Safety, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 12/2019, Iowa Racing Association - 515 Racing employed 3 individuals. Iowa Racing Association - 515 Racing 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 12/2019, Iowa Racing Association - 515 Racing generated $32.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (43.5%) each year. All expenses for the organization totaled $141.1k during the year ending 12/2019. 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
2019
Describe the Organization's Program Activity:
Part 3
EDUCATION OF GENERAL PUBLIC ON SNOWMOBILE SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Langenfeld Director | 1 | $0 | |
Joshus Mielk Director | 1 | $0 | |
Nicholas Leonard Director | 1 | $0 | |
Eric Sanger Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,428 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $32,428 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $53,844 |
| Professional fees and other payments to independent contractors | $2,075 |
| Occupancy, rent, utilities, and maintenance | $16,846 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,349 |
| Total expenses | $141,114 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Iowa Racing Association - 515 Racing has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Community Fdn Of Greater Des Moines Des Moines, IA PURPOSE: GRANT DISTRIBUTION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Safety And Health Council Of Greater Omaha Inc Omaha, NE | $3,884,923 | $3,562,366 |
Wisconsin Tavern League Foundation Inc Middleton, WI | $667,257 | $724,325 |
Association For The Advancement Of Automotive Medicine Inc Chicago, IL | $1,712,574 | $774,670 |
Traffic Safety Plus Lincoln, NE | $40,874 | $267,591 |
Illinois High School And College Driver Education Association Burlington, IL | $52,919 | $0 |
Iowa Racing Association - 515 Racing Bondurant, IA | $0 | $0 |
Minnesota Operation Lifesaver Inc Glencoe, MN | $88,503 | $0 |
Higher Power Garage Joplin, MO | $10,147 | $0 |
Revolve Kansas City, MO | $56,224 | $0 |
Kidz In Motion Inc Madison, WI | $78,184 | $0 |
Jesus Driven Llc Red Wing, MN | $66,799 | $0 |
Wisconsin Tavern League Foundation Inc Oshkosh, WI | $116,234 | $0 |