Civic Intelligence

Palmyra Racing Association Inc Co Sheryl Ladelfa

990 • Fiscal year 2021 • EIN 16-1477370

Jan 01, 2021 to Dec 31, 2021 • Filed on May 03, 2022

Organization Profilewww.palmyramx.com
PO Box 221Palmyra, NY 14522

(315) 263-1400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Net Margin

63rd percentile

18%

Higher net margin than 63% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

66th percentile

$0

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE N • $500k-$1M nonprofits • Source year 2021

Asset Growth

44th percentile

7.3%

Faster asset growth than 44% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-20%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • NTEE N • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$529,107

Up $35,869 (+7.3%) from 2020

Net Assets

Up

$529,107

Up $35,869 (+7.3%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin63rd percentile

Revenue

Down

$196,038

Down $49,378 (-20%) from 2020

Expenses

Up

$160,169

Up $46,877 (+41%) from 2020

Net Income

Down

$35,869

Down $96,255 (-73%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2010: $198,594Liabilities 2010: $0Net Assets 2010: $198,5942010Assets 2011: $221,830Liabilities 2011: $0Net Assets 2011: $221,8302011Assets 2012: $211,164Liabilities 2012: $0Net Assets 2012: $211,1642012Assets 2013: $202,085Liabilities 2013: $0Net Assets 2013: $202,0852013Assets 2014: $207,241Liabilities 2014: $0Net Assets 2014: $207,2412014Assets 2015: $235,041Liabilities 2015: $3,385Net Assets 2015: $231,6562015Assets 2016: $243,875Liabilities 2016: $0Net Assets 2016: $243,8752016Assets 2017: $285,767Liabilities 2017: $0Net Assets 2017: $285,7672017Assets 2018: $306,990Liabilities 2018: $900Net Assets 2018: $306,0902018Assets 2019: $361,114Liabilities 2019: $0Net Assets 2019: $361,1142019Assets 2020: $493,238Liabilities 2020: $0Net Assets 2020: $493,2382020Assets 2021: $529,107Liabilities 2021: $0Net Assets 2021: $529,1072021Assets 2022: $553,765Liabilities 2022: $0Net Assets 2022: $553,7652022Assets 2023: $602,043Liabilities 2023: $0Net Assets 2023: $602,0432023Assets 2024: $597,908Liabilities 2024: $0Net Assets 2024: $597,9082024

Highlighted filing

2021

Assets$529,107
Liabilities$0
Net Assets$529,107
Open 2021 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2010: $143,276Expenses 2010: $116,504Net Income 2010: $26,7722010Revenue 2011: $131,961Expenses 2011: $108,725Net Income 2011: $23,2362011Revenue 2012: $131,526Expenses 2012: $142,192Net Income 2012: -$10,6662012Revenue 2013: $131,368Expenses 2013: $140,447Net Income 2013: -$9,0792013Revenue 2014: $144,008Expenses 2014: $138,852Net Income 2014: $5,1562014Revenue 2015: $129,343Expenses 2015: $104,928Net Income 2015: $24,4152015Revenue 2016: $140,852Expenses 2016: $128,633Net Income 2016: $12,2192016Revenue 2017: $146,036Expenses 2017: $104,144Net Income 2017: $41,8922017Revenue 2018: $148,997Expenses 2018: $128,674Net Income 2018: $20,3232018Revenue 2019: $175,333Expenses 2019: $120,309Net Income 2019: $55,0242019Revenue 2020: $245,416Expenses 2020: $113,292Net Income 2020: $132,1242020Revenue 2021: $196,038Expenses 2021: $160,169Net Income 2021: $35,8692021Revenue 2022: $196,058Expenses 2022: $171,400Net Income 2022: $24,6582022Revenue 2023: $221,434Expenses 2023: $173,156Net Income 2023: $48,2782023Revenue 2024: $259,606Expenses 2024: $263,741Net Income 2024: -$4,1352024

Highlighted filing

2021

Revenue$196,038
Expenses$160,169
Net Income$35,869
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 3, 2022
Return Version
2021v4.2
Gross Receipts
$196,038
Mission and Program Overview

Mission

To promote, encourage, aid and engage in the art and skill of motorcycling and the better understanding thereof and to foster the safety of such sport.

To promote, encourage, aid and engage in the art and skill of motorcycling.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$226,384$230,024▲ $3,640
Savings and Temporary Cash Investments$178,771$204,780▲ $26,009
Cash and Non-Interest-Bearing Accounts$88,083$94,303▲ $6,220
Total Assets$493,238$529,107▲ $35,869
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$493,238$529,107▲ $35,869
Total Net Assets Fund Balance$493,238$529,107▲ $35,869
Total Liabilities and Net Assets / Fund Balance$493,238$529,107▲ $35,869

Asset Categories

AssetBook ValueDepreciationBasis
Land$223,351-$223,351
Other Land Buildings$6,673$68,940$75,613
Compensation and Service Providers
Top Officer Pay66th percentile

Board Members and Trustees

NameTitle
Ed JohannesPresident
Corey SadlikVice President
Aimee PimmDirector
Alan DelimonDirector
Chris LaDelfaDirector
Christian CostaDirector
John BuckalewDirector
Johnny BruggeDirector
Michelle JonesDirector
Seth EberhardtDirector
Tami CocuzziSecretary
Sheryl LaDelfaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$179,003
Investment Income
$45
Other Revenue
$16,990
Change in Net Assets
$35,869
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,169
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$73,215--$73,215
Other Expenses$51,701$15,431-$15,431
Insurance$14,512--$14,512
Depreciation Depletion$3,488--$3,488
Fees for Services Accounting-$1,822-$1,822
Total Functional Expenses$142,916$17,253$0$160,169
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Organization has members that pay dues annually.”

Form 990, Part VI, Section A, line 7A

“Working members of the Organization vote annually for the Board of Directors.”

Form 990, Part VI, Section A, line 7B

“Certain situations (purchases over a certain dollar amount) are voted by the working members of the club.”

Form 990, Part VI, Section B, line 11B

“A copy of the 990 will be e-mailed to the board.”

Form 990, Part VI, Section B, line 15

“There are no paid employees”

Form 990, Part VI, Section C, line 19

“Documents are available only upon request.”

Filing and Contact Details

Filer

Filer Name
Palmyra Racing Association Inc
EIN
16-1477370
Phone
3152631400
Address
PO Box 221, Palmyra, NY 14522

Signing Officer

Name
Sheryl LaDelfa
Title
President
Phone
3152631400
Signed
2022-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sheryl LaDelfa
Formed
1967
Legal Domicile
Ny
Voting Board Members
12
Independent Board Members
12
Employees
0
Volunteers
100

Preparer

Firm
Heveron & Company CPAs PLLC
Address
260 Plymouth Avenue South, Rochester, NY 14608
Preparer
Brenda Smith
Phone
5852322956
Raw XML Appendix360 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization has members that pay dues annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Working members of the Organization vote annually for the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Certain situations (purchases over a certain dollar amount) are voted by the working members of the club.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A copy of the 990 will be e-mailed to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4There are no paid employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Documents are available only upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
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IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0493238
IRS990/TotalAssetsEOYAmt0529107
IRS990/TotalAssetsGrp/BOYAmt0493238
IRS990/TotalAssetsGrp/EOYAmt0529107
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt017253
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0142916
IRS990/TotalFunctionalExpensesGrp/TotalAmt0160169
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0493238
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0529107
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0142916
IRS990/TotalProgramServiceRevenueAmt0179003
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt045
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0195993
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0196038
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0100
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0493238
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0529107
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box 221
IRS990/USAddress/CityNm0Palmyra
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014522
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.palmyramx.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Sheryl LaDelfa
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum03152631400
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Palmyra Racing Association Inc
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0161477370
ReturnHeader/Filer/PhoneNum03152631400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 221
ReturnHeader/Filer/USAddress/CityNm0Palmyra
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd014522
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271895149
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Heveron & Company CPAs PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0260 Plymouth Avenue South
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Rochester
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd014608
ReturnHeader/PreparerPersonGrp/PhoneNum05852322956
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Brenda Smith
ReturnHeader/ReturnTs02022-05-09T08:49:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Sheryl
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LaDelfa
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$529,107
Liabilities
$0
Net assets
$529,107
Revenue
$196,038
Expenses
$160,169
Net income
$35,869
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$2.60$2.64$0.04
2023Detailed filing. Detailed filing data is available for this year.$6.02$0.00$6.02$2.21$1.73$0.48
2022Detailed filing. Detailed filing data is available for this year.$5.54$0.00$5.54$1.96$1.71$0.25
2021Detailed filing. Detailed filing data is available for this year.$5.29$0.00$5.29$1.96$1.60$0.36
2020Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$2.45$1.13$1.32
2019Detailed filing. Detailed filing data is available for this year.$3.61$0.00$3.61$1.75$1.20$0.55
2018Detailed filing. Detailed filing data is available for this year.$3.07$0.01$3.06$1.49$1.29$0.20
2017Detailed filing. Detailed filing data is available for this year.$2.86$0.00$2.86$1.46$1.04$0.42
2016Detailed filing. Detailed filing data is available for this year.$2.44$0.00$2.44$1.41$1.29$0.12
2015Detailed filing. Detailed filing data is available for this year.$2.35$0.03$2.32$1.29$1.05$0.24
2014Detailed filing. Detailed filing data is available for this year.$2.07$0.00$2.07$1.44$1.39$0.05
2013Detailed filing. Detailed filing data is available for this year.$2.02$0.00$2.02$1.31$1.40$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$0.00$2.11$1.32$1.42$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.00$2.22$1.32$1.09$0.23
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.00$1.99$1.43$1.17$0.27