Quarter Midgets Of America Inc
- Assets
- $166.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 09/1964
- Data as of
- 12/2023
- EIN
- 95-6071171
Organization Overview
Quarter Midgets Of America Inc is located in San Diego, CA. The organization was established in 1964. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quarter Midgets Of America Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Quarter Midgets Of America Inc generated $120.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $141.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. 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
SANCTIONING BODY TO TEACH KIDS TO BECOME GOOD DRIVERS THRU SPORTSMANSHIP, COOPERATION, THROUGH QUARTER MIDGET RACING, OPERATING AND MAINTAINING RACE TRACKS, FOR MEMBERS, CURRENTLY SANCTIONING APPROX 30 ACTIVE CLUBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Smutny President | 20 | $0 | |
Craig Dellarocco Vice President | 10 | $0 | |
Flannery Olson Secretary | 20 | $0 | |
Nicol Venard Treasurer | 20 | $0 | |
Paul Wagar Safety Director | 5 | $0 | |
Grant Bennet Tech Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,722 |
| Total Program Service Revenue | $12,590 |
| Membership dues | $76,518 |
| Investment income | $15 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,790 |
| Total Revenue | $120,635 |
| 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 | $32,898 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $106,506 |
| Total expenses | $141,404 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $123,030 |
| Other assets | $0 |
| Total assets | $166,571 |
| Total liabilities | $1,465 |
| Net assets or fund balances | $165,106 |