Prairie Meadows Racing Club I Inc
- Assets
- $11.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Altoona, IA
- Founding
- 12/2018
- Data as of
- 12/2018
- EIN
- 81-5442098
Organization Overview
Prairie Meadows Racing Club I Inc is located in Altoona, IA. The organization was established in 2018. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, 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. Prairie Meadows Racing Club I Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
THE MEMBERS WERE EDUCATED AND LEARNED ABOUT RACE HORSE OWNERSHIP. PURCHASED RACEHORSE "RUNAROUNDDANCING" ON JUNE 2, 2018. RUNAROUNDDANCING PARTICIPATED IN 3 RACES DURING THE TIME HE WAS OWNED BY THE CLUB, AND WAS SOLD ON AUGUST 24, 2018.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Rhines President | 1 | $0 | |
Ann Atkin Vice President | 1 | $0 | |
Polly Loneman Secretary | 1 | $0 | |
Elaine Castelline Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $600 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$6,450 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | -$5,850 |
| 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 | $2,945 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,759 |
| Total expenses | $11,704 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,144 |
| Other assets | $0 |
| Total assets | $11,144 |
| Total liabilities | $0 |
| Net assets or fund balances | $11,144 |