Greater Fairbanks Racing Assn
- Assets
- $217.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fairbanks, AK
- Founding
- 12/1984
- Data as of
- 12/2021
- EIN
- 92-0041453
Organization Overview
Greater Fairbanks Racing Assn is located in Fairbanks, AK. The organization was established in 1984. 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. Greater Fairbanks Racing Assn 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, Greater Fairbanks Racing Assn generated $83.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $81.5k during the year ending 12/2021. While expenses have increased by 3.1% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
ENCOURAGED THE SPORT OF AUTO RACING IN THE GREATER FAIRBANKS AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annette Sundberg Treasurer | 4 | $0 | |
Mike Thomas Director | 1 | $0 | |
Braden Anders Director | 1 | $0 | |
Ryan Coghill Director | 1 | $0 | |
Monte Pearson President | 4 | $0 | |
Jason Melson Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $300 |
| Total Program Service Revenue | $73,257 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,313 |
| Other Revenue | $0 |
| Total Revenue | $83,870 |
| 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 | $1,980 |
| Occupancy, rent, utilities, and maintenance | $5,537 |
| Printing, publications, postage, and shipping | $246 |
| Other expenses | $73,269 |
| Total expenses | $81,532 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,067 |
| Other assets | $0 |
| Total assets | $217,401 |
| Total liabilities | $0 |
| Net assets or fund balances | $217,401 |
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