Civic Intelligence

Mag 7 Race Team

990EZ • Fiscal year 2022 • EIN 20-2577827

Mar 01, 2021 to Feb 28, 2022 • Filed on Apr 23, 2022

Organization Profilewww.mag7race.com
862 Rivertree DriveOceanside, CA 92058

(562) 328-3421

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.00x

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

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

53rd percentile

0.00x

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

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

2022 filings • 501(c)7 • <$500k nonprofits • Source year 2022

Asset Growth

6th percentile

-47%

Faster asset growth than 6% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

100th percentile

19108%

Faster revenue growth than 100% of similar nonprofits.

2022 filings • 501(c)7 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$7,272

Down $6,349 (-47%) from 2021

Net Assets

$7,272

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin20th percentile

Revenue

Up

$49,942

Up $49,682 (+19108%) from 2021

Expenses

Up

$56,291

Up $45,847 (+439%) from 2021

Net Income

Up

-$6,349

Up $3,835 (+38%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

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

$80K$60K$40K$20K$0Assets 2021: $13,621Liabilities 2021: $02021Assets 2022: $7,272Liabilities 2022: $0Net Assets 2022: $7,2722022Assets 2023: $36,758Liabilities 2023: $0Net Assets 2023: $36,7582023Assets 2024: $64,655Liabilities 2024: $0Net Assets 2024: $64,6552024Assets 2025: $67,834Liabilities 2025: $2,850Net Assets 2025: $64,9842025

Highlighted filing

2022

Assets$7,272
Liabilities$0
Net Assets$7,272
Open 2022 Filing

Operations Trend

Revenue Growth100th percentile

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

$100K$50K$0-$50KRevenue 2021: $260Expenses 2021: $10,444Net Income 2021: -$10,1842021Revenue 2022: $49,942Expenses 2022: $56,291Net Income 2022: -$6,3492022Revenue 2023: $79,551Expenses 2023: $50,065Net Income 2023: $29,4862023Revenue 2024: $42,703Expenses 2024: $14,806Net Income 2024: $27,8972024Revenue 2025: $73,409Expenses 2025: $73,080Net Income 2025: $3292025

Highlighted filing

2022

Revenue$49,942
Expenses$56,291
Net Income-$6,349
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Apr 23, 2022
Return Version
2021v4.0
Gross Receipts
$49,942
Mission and Program Overview

Mission

Social and recreational activities related to desert racing

MAG 7 Race Team provides pit support for desert racing and offroad activities

Program Services

DescriptionGrantsExpenses
MAG 7 Race Team provided critical pit support to individuals participating in offroad activities during the service year. These expenses show in Schedule O includes all items except Computer and Insurance expenses$0$51,354
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William F ThompsonPresidentPT$0--
Michael Mark ShatynskiSecretaryPT$0--
Valorie B ShatynskiTreasurer-$0--
Geoff HillRace Director-$0--
Mike MagersRace Director-$0--
Tom MangioneEquipment DirectorPT$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
2022-04-23
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Race and Pit Expenses;49803|Computer Expenses;748|Insurance Expenses;949|Meeting Expenses;527|Merchant Fees;939|Office Supplies;85^Total;53051^”

Form 990-EZ, Part II, Line 24

“Prepaid expenses for 2022 fiscal year”

Raw XML Appendix141 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BenefitsPaidToOrForMembersAmt00
IRS990EZ/BooksInCareOfDetail/PersonNm0Valorie Shatynski
IRS990EZ/BooksInCareOfDetail/PhoneNum05623283421
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0862 Rivertree Drive
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Oceanside
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd092058
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt013621
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06372
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-6349
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01800
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt013621
IRS990EZ/Form990TotalAssetsGrp/EOYAmt07272
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt049942
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt0260
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt013621
IRS990EZ/NetAssetsOrFundBalancesEOYAmt07272
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt013621
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt07272
IRS990EZ/OccupancyRentUtltsAndMaintAmt01440
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt22
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt32
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt42
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt55
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0William F Thompson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Michael Mark Shatynski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Valorie B Shatynski
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Geoff Hill
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Mike Magers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Tom Mangione
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Race Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Race Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Equipment Director
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0900
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt053051
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0MAG 7 Race Team provides pit support for desert racing and offroad activities
IRS990EZ/PrintingPublicationsPostageAmt00
IRS990EZ/ProgramServiceRevenueAmt049682
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MAG 7 Race Team provided critical pit support to individuals participating in offroad activities during the service year. These expenses show in Schedule O includes all items except Computer and Insurance expenses
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt051354
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt00
IRS990EZ/SaleOfAssetsGrossAmt00
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt056291
IRS990EZ/TotalProgramServiceExpensesAmt051354
IRS990EZ/TotalRevenueAmt049942
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://www.mag7race.com/
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Race and Pit Expenses;49803|Computer Expenses;748|Insurance Expenses;949|Meeting Expenses;527|Merchant Fees;939|Office Supplies;85^Total;53051^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prepaid expenses for 2022 fiscal year
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part II, Line 24
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd011
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Valorie Shatynski
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum05623283421
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MAG 7 RACE TEAM
ReturnHeader/Filer/BusinessNameControlTxt0MAG7
ReturnHeader/Filer/EIN0202577827
ReturnHeader/Filer/PhoneNum05623283421
ReturnHeader/Filer/USAddress/AddressLine1Txt0862 Rivertree Drive
ReturnHeader/Filer/USAddress/CityNm0Oceanside
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd092058
ReturnHeader/ReturnTs02022-04-23T12:18:32-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,272
Liabilities
$0
Net assets
$7,272
Revenue
$49,942
Expenses
$56,291
Net income
-$6,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$67.8$2.85$65.0$73.4$73.1$0.33
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.7$0.00$64.7$42.7$14.8$27.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.8$0.00$36.8$79.6$50.1$29.5
2022Detailed filing. Detailed filing data is available for this year.$7.27$0.00$7.27$49.9$56.3$6.35
2021Summary only. Only limited summary data is available for this year.$13.6$0.00$0.26$10.4$10.2
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)7 • <$500k nonprofits