Valley Isle Timing Association
- Assets
- $228.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kahului, HI
- Founding
- 10/1989
- Data as of
- 12/2020
- EIN
- 99-0237316
Organization Overview
Valley Isle Timing Association is located in Kahului, HI. The organization was established in 1989. 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. Valley Isle Timing Association 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 12/2020, Valley Isle Timing Association generated $40.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $49.7k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
Describe the Organization's Program Activity:
Part 3
TO PROMOTE GOOD SPORTSMANSHIP AND FELLOWSHIP AMONG ITS MEMBERS AND THE COMMUNITY, AND TO PROVIDE AND REGULATE MOTOR SPORTS ACTIVITIES.
TO PROMOTE AND UNDERSTAND THE SAFE USE AND OPERATION OF MOTOR VEHICLES, TO LEARN AND UNDERSTAND THE FUNDAMENTALS AND MECHANICAL OPERATIONS OF VEHICLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Orikasa Vice Preside | 1 | $0 | |
Nelson Jordet Director | 1 | $0 | |
Kaleo Freitas President | 1 | $0 | |
Erik Kollist Director | 1 | $0 | |
Robert Botelho Director | 1 | $0 | |
Mark Caires Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $304 |
| Total Program Service Revenue | $32,518 |
| Membership dues | $7,380 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $40,507 |
| 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 | $14,360 |
| Occupancy, rent, utilities, and maintenance | $1,332 |
| Printing, publications, postage, and shipping | $919 |
| Other expenses | $33,132 |
| Total expenses | $49,743 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $93,732 |
| Other assets | $0 |
| Total assets | $228,685 |
| Total liabilities | $522 |
| Net assets or fund balances | $228,163 |
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