Liabilities / Assets
72nd percentile
Higher debt load relative to assets than 72% of similar nonprofits.
Mag 7 Race Team
EIN 20-2577827 • 501(c)7 • Oceanside, CA
Profile
Social and recreational activities related to desert racing
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.04x
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
45th percentile
Higher net margin than 45% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
61st percentile
Faster asset growth than 61% of similar nonprofits.
Revenue Growth
94th percentile
Faster revenue growth than 94% of similar nonprofits.
Balance Sheet
Assets
Up$67,834
Up $3,179 (+4.9%) from 2024
Liabilities
Up$2,850
Up $2,850 from 2024
Net Assets
Up$64,984
Up $329 (+0.5%) from 2024
Revenue
Up$73,409
Up $30,706 (+72%) from 2024
Expenses
Up$73,080
Up $58,274 (+394%) from 2024
Net Income
Down$329
Down $27,568 (-99%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $67,834
- Liabilities
- $2,850
- Net assets
- $64,984
- Revenue
- $73,409
- Expenses
- $73,080
- Net income
- $329
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Mar 1, 2024 to Feb 28, 2025
- Signed
- Jul 13, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $73,409
Mission and Program Overview
Mission
Social and recreational activities related to desert racing
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MAG 7 Race Team provides pit support for desert racing and offroad activities for members | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| William F Thompson | President | - | $0 | - | - |
| Michael Mark Shatynski | Secretary | PT | $0 | - | - |
| Valorie B Shatynski | Treasurer | - | $0 | - | - |
| Tom Mangione | Director | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Mag 7 Race Team
- EIN
- 20-2577827
- Phone
- 5623283421
- Address
- 862 Rivertree Drive, Oceanside, CA 92058
Signing Officer
- Name
- Valorie Shatynski
- Title
- Treasurer
- Phone
- 5623283421
- Signed
- 2025-07-13
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 8
“Description;Amount^Interest Income;6^Total;6^”
Form 990-EZ, Part I, Line 16
“Description;Amount^Race and Pit Expenses;58855|Computer Expenses;915|Insurance Expenses;949|Meeting Expenses;244|Bank and Merchant Fees;4996|Website Expenses;239|Office Supplies;285|Equipment Repairs Cost;2107|Depreciation Expense;1440|Amortization Expense;1250^Total;71280^”
Form 990-EZ, Part II, Line 24
“Description;EOY Amount^Race Equipment;4319|Accumulated Depreciation;-1440|Website;3750|Accumulated Amortization;-1250|Prepaid Expenses;1703^Total;7082^”
Form 990-EZ, Part II, Line 26
“Description;EOY Amount^Advance Sales;2850^Total;2850^”
Raw XML Appendix128 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BenefitsPaidToOrForMembersAmt | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Valorie B Shatynski |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5623283421 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 862 Rivertree Drive |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Oceanside |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 920587005 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 60935 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 60752 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 0 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 329 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1800 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form1120PolFiledInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 64655 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 67834 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 0 |
| IRS990EZ/GamingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 0 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 73409 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 2400 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 64655 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 64984 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 64655 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 64984 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 5 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | William F Thompson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Michael Mark Shatynski |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Valorie B Shatynski |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Tom Mangione |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 3720 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 7082 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 71280 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 6 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Social and recreational activities related to desert racing |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 0 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 71003 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MAG 7 Race Team provides pit support for desert racing and offroad activities for members |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 0 |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | CA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2850 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 73080 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 73409 |
| IRS990EZ/TransactionWithControlEntInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | https://mag7desertpitservices.org/ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Description;Amount^Interest Income;6^Total;6^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description;Amount^Race and Pit Expenses;58855|Computer Expenses;915|Insurance Expenses;949|Meeting Expenses;244|Bank and Merchant Fees;4996|Website Expenses;239|Office Supplies;285|Equipment Repairs Cost;2107|Depreciation Expense;1440|Amortization Expense;1250^Total;71280^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Description;EOY Amount^Race Equipment;4319|Accumulated Depreciation;-1440|Website;3750|Accumulated Amortization;-1250|Prepaid Expenses;1703^Total;7082^ |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Description;EOY Amount^Advance Sales;2850^Total;2850^ |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990-EZ, Part I, Line 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990-EZ, Part I, Line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990-EZ, Part II, Line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990-EZ, Part II, Line 26 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Valorie Shatynski |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5623283421 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MAG 7 RACE TEAM |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MAG7 |
| ReturnHeader/Filer/EIN | 0 | 202577827 |
| ReturnHeader/Filer/PhoneNum | 0 | 5623283421 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 862 Rivertree Drive |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Oceanside |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 92058 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/ReturnTs | 0 | 2025-07-13T12:30:27-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-03-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-02-28 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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