Liabilities / Assets
56th percentile
Tied with the lowest-debt nonprofits in its peer group.
Speedway Community Development Corporation
990 • Fiscal year 2016 • EIN 20-8396487
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
55th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Balance Sheet
Assets
Down$151,358
Down $119,971 (-44%) from 2015
Net Assets
Down$151,358
Down $119,971 (-44%) from 2015
Liabilities
Flat$0
Flat from 2015
Revenue And Expenses
Revenue
Down$114,743
Down $270,978 (-70%) from 2015
Expenses
Up$234,714
Up $24,840 (+12%) from 2015
Net Income
Down-$119,971
Down $295,818 (-168%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Jun 15, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $114,743
Mission and Program Overview
Mission
To encourage, support, and assist in activities, projects, and programs that further social, cultural, and economic redevelopment and rehabilitation in and around the town of speedway, indiana (the town); to encourage, support, and assist in the economic development of the town through activities and projects that are designed to stimulate capital investment and revitalization in and improvement of, public and other spaces throughout the town; to promote the social welfare of the town's residents by enhancing and improving the social, cultural, and economic conditions in and around the town; to foster, develop, and maintain conditions that contribute to the growth of business and employment opportunities in and around the town; to enhance and to beautify public areas and facilities, and generally to upgrade the effectiveness of the infrastructure in and around the town; and to conduct such other activities as are consistent with or ancillary to the above purposes.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $271,329 | $151,358 | ▼ $119,971 |
| Total Assets | $271,329 | $151,358 | ▼ $119,971 |
| Liabilities | |||
| Total Liabilities | $0 | $0 | → $0 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $271,329 | $101,358 | ▼ $169,971 |
| Temporarily Rstr Net Assets | - | $50,000 | - |
| Total Net Assets Fund Balance | $271,329 | $151,358 | ▼ $119,971 |
| Total Liabilities and Net Assets / Fund Balance | $271,329 | $151,358 | ▼ $119,971 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| ROn sears | President |
| Tom Popcheff | Vice president |
| Ian Nicolini | Director |
| Jeremy Bowen | secretary |
| Jacob Blasdel | treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $96,957
- Program Service Revenue
- $16,636
- Investment Income
- $0
- Other Revenue
- $1,150
- All Other Contributions
- $96,957
- Change in Net Assets
- $-119,971
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $217,968 |
| Grants and Similar Amounts Paid | $16,746 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $34,847 | $165 | - | $35,012 |
| Other Expenses | $27,575 | - | - | $27,575 |
| Grants to Domestic Orgs | $16,746 | - | - | $16,746 |
| Fees for Services Legal | - | $5,854 | - | $5,854 |
| Fees for Services Accounting | - | $2,150 | - | $2,150 |
| Insurance | - | $1,042 | - | $1,042 |
| Office Expenses | - | $220 | - | $220 |
| Advertising | - | $72 | - | $72 |
| Total Functional Expenses | $225,211 | $9,503 | $0 | $234,714 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| speedway centre for the arts | speedway, IN | 501(c)(3) | support for local arts | $16,746 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- 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
- Yes
- Audited financial statements prepared
- No
- Key decisions subject to board approval
- No
- Management duties delegated
- No
Governance Explanations
Form 990, Part VI, Section B, line 11B
“the board has engaged greenwalt cpas, inc. to create the 990 which is then reviewed by the board of directors.”
Form 990, Part VI, Section B, line 12C
“at the beginning of each calender year, board members are required to sign a conflict of interest disclosure statement.”
Form 990, Part VI, Section C, line 19
“the documents are readily available upon request.”
Filing and Contact Details
Filer
- Filer Name
- Speedway Community Development
- EIN
- 20-8396487
- Phone
- 3172464120
- Address
- 1450 NORTH LyNHURST DRIVE, SPEEDWAY, IN 46224
Signing Officer
- Name
- Ron Sears
- Title
- President
- Phone
- 3172464100
- Signed
- 2017-06-15
Organization Details
- Principal Officer
- Ron Sears
- Formed
- 2006
- Legal Domicile
- In
- Voting Board Members
- 5
- Independent Board Members
- 5
- Employees
- 0
- Volunteers
- 60
Preparer
- Firm
- Greenwalt Cpas Inc
- Address
- 5342 W VERMONT STREET, INDIANAPOLIS, IN 46224
- Preparer
- Amanda Meko CPA
- Phone
- 3172412999
Supplemental Narrative
Additional Explanations
Form 990, Part IX, line 24E
“grounds expenses: Program service expenses 24,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,401. JR. BASEBALL AND SOFTBALL: Program service expenses 3,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,100. KIBI Park : Program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Holiday Bazaar: Program service expenses 1,384. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,384. War Memorial: Program service expenses 877. Management and general expenses 0. Fundraising expenses 0. Total expenses 877. TrEE FUND: Program service expenses 672. Management and general expenses 0. Fundraising expenses 0. Total expenses 672. Sayyid's fund: Program service expenses 500. Management and general expenses 0. Fundraising expenses 0. Total expenses 500. Relay for life of speedway: Program service expenses 487. Management and general expenses 0. Fundraising expenses 0. Total expenses 487. robotics: Program service expenses 279. Management and general expenses 0. Fundraising expenses 0. Total expenses 279. BANK SERVICE CHARGES: Program service expenses 0. Management and general expenses 165. Fundraising expenses 0. Total expenses 165. Other Program Expenses: Program service expenses 114. Management and general expenses 0. Fundraising expenses 0. Total expenses 114. summer swimming: Program service expenses 33. Management and general expenses 0. Fundraising expenses 0. Total expenses 33.”
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.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | To encourage, support, and assist in activities, projects, and programs that further social, cultural, and economic redevelopment and rehabilitation in and around the Town of Speedway, Indiana (The Town); To encourage, support, and assist in the economic development of the Town through activities and projects that are designed to stimulate capital investment and revitalization in and improvement of, public and other spaces throughout the Town; to promote the social welfare of the town's residents by enhancing and improving the social, cultural, and economic conditions in and around the town; to foster, develop, and maintain conditions that contribute to the growth of business and employment opportunities in and around the Town; to enhance and to beautify public areas and facilities, and generally to upgrade the effectiveness of the infrastructure in and around the town; and to conduct such other activities as are consistent with or ancillary to the above purposes. |
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| IRS990/MissionDesc | 0 | To encourage, support, and assist in activities, projects, and programs that further social, cultural, and economic redevelopment and rehabilitation in and around the Town of Speedway, Indiana (The Town); To encourage, support, and assist in the economic development of the Town through activities and projects that are designed to stimulate capital investment and revitalization in and improvement of, public and other spaces throughout the Town; to promote the social welfare of the town's residents by enhancing and improving the social, cultural, and economic conditions in and around the town; to foster, develop, and maintain conditions that contribute to the growth of business and employment opportunities in and around the Town; to enhance and to beautify public areas and facilities, and generally to upgrade the effectiveness of the infrastructure in and around the town; and to conduct such other activities as are consistent with or ancillary to the above purposes. |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 0 |
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| IRS990ScheduleI/RecipientTable/IRCSectionDesc | 0 | 501(c)(3) |
| IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt | 0 | support for local arts |
| IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt | 0 | speedway centre for the arts |
| IRS990ScheduleI/RecipientTable/RecipientEIN | 0 | 814024577 |
| IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt | 0 | 1340 main street |
| IRS990ScheduleI/RecipientTable/USAddress/CityNm | 0 | speedway |
| IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990ScheduleI/RecipientTable/USAddress/ZIPCd | 0 | 46224 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | the board has engaged greenwalt cpas, inc. to create the 990 which is then reviewed by the board of directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | at the beginning of each calender year, board members are required to sign a conflict of interest disclosure statement. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | the documents are readily available upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | grounds expenses: Program service expenses 24,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,401. JR. BASEBALL AND SOFTBALL: Program service expenses 3,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,100. KIBI Park : Program service expenses 3,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,000. Holiday Bazaar: Program service expenses 1,384. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,384. War Memorial: Program service expenses 877. Management and general expenses 0. Fundraising expenses 0. Total expenses 877. TrEE FUND: Program service expenses 672. Management and general expenses 0. Fundraising expenses 0. Total expenses 672. Sayyid's fund: Program service expenses 500. Management and general expenses 0. Fundraising expenses 0. Total expenses 500. Relay for life of speedway: Program service expenses 487. Management and general expenses 0. Fundraising expenses 0. Total expenses 487. robotics: Program service expenses 279. Management and general expenses 0. Fundraising expenses 0. Total expenses 279. BANK SERVICE CHARGES: Program service expenses 0. Management and general expenses 165. Fundraising expenses 0. Total expenses 165. Other Program Expenses: Program service expenses 114. Management and general expenses 0. Fundraising expenses 0. Total expenses 114. summer swimming: Program service expenses 33. Management and general expenses 0. Fundraising expenses 0. Total expenses 33. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part VI, Section B, line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section B, line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section C, line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part IX, line 24e |
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| IRS990/TaxExemptBondsInd | 0 | 0 |
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| IRS990/TempOrPermanentEndowmentsInd | 0 | 0 |
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| IRS990/TotalAssetsEOYAmt | 0 | 151358 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 151358 |
| IRS990/TotalCompGreaterThan150KInd | 0 | 0 |
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| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 151358 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | 0 |
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| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 101358 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 1450 NORTH LyNHURST DRIVE |
| IRS990/USAddress/CityNm | 0 | indianapolis |
| IRS990/USAddress/StateAbbreviationCd | 0 | IN |
| IRS990/USAddress/ZIPCd | 0 | 46224 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 5 |
| IRS990/VotingMembersIndependentCnt | 0 | 5 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | 0 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | RON SEARS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3172464100 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-06-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SPEEDWAY COMMUNITY DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SPEE |
| ReturnHeader/Filer/EIN | 0 | 208396487 |
| ReturnHeader/Filer/PhoneNum | 0 | 3172464120 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1450 NORTH LyNHURST DRIVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SPEEDWAY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 46224 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 36BE0340A97CE80A94BD8BE9D2A98C266216DAD5 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 75.149.79.53 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-06-15 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:15:34 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 351489521 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | GREENWALT CPAS INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 5342 W VERMONT STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | INDIANAPOLIS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 46224 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3172412999 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | AMANDA MEKO CPA |
| ReturnHeader/ReturnTs | 0 | 2017-06-29T12:40:40-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $151,358
- Liabilities
- $0
- Net assets
- $151,358
- Revenue
- $114,743
- Expenses
- $234,714
- Net income
- -$119,971