Springfield Bmx Raceway
- Assets
- $35.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, IL
- Founding
- 05/2018
- Data as of
- 12/2022
- EIN
- 82-5331565
Organization Overview
Springfield Bmx Raceway is located in Springfield, IL. The organization was established in 2018. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Springfield Bmx Raceway 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 12/2022, Springfield Bmx Raceway generated $36.1k 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 (24.5%) each year. All expenses for the organization totaled $34.3k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO ENCOURAGE & EDUCATE SPORTSMANSHIP AND DEVELOPE MOTORCROSS BICYLE RACING SPORT COMPETITION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Tapscott President | 0 | $0 | |
Brian Romadka Vice President | 0 | $0 | |
Brad Kincaid Treasurer | 0 | $0 | |
Nick Wingu Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $35,926 |
| Membership dues | $0 |
| Investment income | $156 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $36,082 |
| 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 | $17,002 |
| Occupancy, rent, utilities, and maintenance | $16,792 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $456 |
| Total expenses | $34,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $35,714 |
| Other assets | $0 |
| Total assets | $35,714 |
| Total liabilities | $0 |
| Net assets or fund balances | $35,714 |