Della Penna Motorsports Next Gen Foundation
- Assets
- $2.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Santa Monica, CA
- Founding
- Data as of
- 12/2023
- EIN
- 87-0897405
Organization Overview
Della Penna Motorsports Next Gen Foundation is located in Santa Monica, CA. 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. Della Penna Motorsports Next Gen Foundation 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 12/2023, Della Penna Motorsports Next Gen Foundation generated $133.2k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $116.4k during the year ending 12/2023. While expenses have increased by 0.9% per year over the past 3 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
RACE DAY INVITATIONALS WILL BE HOSTED AT VARIOUS POINTS THROUGHOUT THE YEAR. YOUNG GIRLS WILL BE INTRODUCED TO PROFESSIONAL FEMALE AMBASSADORS IN THE SPORT AND GO ON TOURS TO LEARN MORE ABOUT MOTORSPORTS, INCLUDING HOW TO ASSEMBLE A GO-KART AND LEARN BASIC DRIVING LESSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Della Penna Founder/president | 30 | $0 | |
Susan Lucas-Conwell Executive Director | 25 | $84,696 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,165 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,165 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $84,696 |
| Professional fees and other payments to independent contractors | $19,131 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,591 |
| Total expenses | $116,418 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,239 |
| Other assets | $0 |
| Total assets | $2,239 |
| Total liabilities | $158 |
| Net assets or fund balances | $2,081 |