Civic Intelligence

Cabarrus County Tourism Authority

990 • Fiscal year 2018 • EIN 26-2726341

Jul 01, 2017 to Jun 30, 2018 • Filed on Nov 07, 2018

Organization ProfileWWW.CABARRUSCVB.COM
10099 Weddington Rd No 102Concord, NC 28027

(800) 848-3740

Siviq Scores

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

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.07x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Net Margin

32nd percentile

-3.9%

Higher net margin than 32% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

39th percentile

$138,255

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2018 filings • NTEE S • $5M-$10M nonprofits • Source year 2018

Asset Growth

13th percentile

-9.0%

Faster asset growth than 13% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

2.7%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • NTEE S • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets41st percentile

Assets

Down

$3,894,977

Down $384,848 (-9.0%) from 2017

Net Assets

Down

$3,477,792

Down $221,395 (-6.0%) from 2017

Liabilities

Down

$417,185

Down $163,453 (-28%) from 2017

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin32nd percentile

Revenue

Up

$5,736,244

Up $149,313 (+2.7%) from 2017

Expenses

Up

$5,957,639

Up $531,489 (+9.8%) from 2017

Net Income

Down

-$221,395

Down $382,176 (-238%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

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

$10M$5.0M$0Assets 2016: $3,833,090Liabilities 2016: $294,684Net Assets 2016: $3,538,4062016Assets 2017: $4,279,825Liabilities 2017: $580,638Net Assets 2017: $3,699,1872017Assets 2018: $3,894,977Liabilities 2018: $417,185Net Assets 2018: $3,477,7922018Assets 2019: $4,249,810Liabilities 2019: $576,106Net Assets 2019: $3,673,7042019Assets 2020: $3,846,907Liabilities 2020: $596,931Net Assets 2020: $3,249,9762020Assets 2021: $5,282,456Liabilities 2021: $1,049,853Net Assets 2021: $4,232,6032021Assets 2022: $8,063,508Liabilities 2022: $2,092,621Net Assets 2022: $5,970,8872022Assets 2023: $7,825,518Liabilities 2023: $2,235,540Net Assets 2023: $5,589,9782023Assets 2025: $9,884,202Liabilities 2025: $2,938,667Net Assets 2025: $6,945,5352025

Highlighted filing

2018

Assets$3,894,977
Liabilities$417,185
Net Assets$3,477,792
Open 2018 Filing

Operations Trend

Revenue Growth50th percentile

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

$10M$5.0M$0-$5.0MRevenue 2016: $5,444,428Expenses 2016: $4,584,546Net Income 2016: $859,8822016Revenue 2017: $5,586,931Expenses 2017: $5,426,150Net Income 2017: $160,7812017Revenue 2018: $5,736,244Expenses 2018: $5,957,639Net Income 2018: -$221,3952018Revenue 2019: $5,770,181Expenses 2019: $5,574,269Net Income 2019: $195,9122019Revenue 2020: $4,157,600Expenses 2020: $4,581,328Net Income 2020: -$423,7282020Revenue 2021: $3,753,868Expenses 2021: $2,771,239Net Income 2021: $982,6292021Revenue 2022: $6,458,365Expenses 2022: $4,720,081Net Income 2022: $1,738,2842022Revenue 2023: $7,240,239Expenses 2023: $7,621,148Net Income 2023: -$380,9092023Revenue 2025: $7,770,158Expenses 2025: $7,375,763Net Income 2025: $394,3952025

Highlighted filing

2018

Revenue$5,736,244
Expenses$5,957,639
Net Income-$221,395
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Nov 7, 2018
Return Version
2017v2.3
Gross Receipts
$5,736,244
Mission and Program Overview

Mission

Drive visitation to cabarrus county to generate the maximum impact through hotel stays and visitor spending.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,501,386$3,341,334▼ $160,052
Cash and Non-Interest-Bearing Accounts$3,251,183$3,067,237▼ $183,946
Accounts Receivable$467,769$484,911▲ $17,142
Land, Buildings, and Equipment, Net$197,801$136,458▼ $61,343
Pd in Cap Srpls Land Bldg Eqp Fund$197,801$136,458▼ $61,343
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,279,825$3,894,977▼ $384,848
Other Assets Total$363,072$206,371▼ $156,701
Liabilities
Other Liabilities$454,182$304,075▼ $150,107
Accounts Payable and Accrued Expenses$126,456$113,110▼ $13,346
Total Liabilities$580,638$417,185▼ $163,453
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,699,187$3,477,792▼ $221,395
Total Liabilities and Net Assets / Fund Balance$4,279,825$3,894,977▼ $384,848

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$11,108$75,536-
Equipment$2,467$146,839-
Leasehold Improvements$122,883$82,907-
Other Assets Org$206,371--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Donna CarpenterPresident/CEOFT$138,255$138,255
John MillsExecutive Vice PresidentFT$105,156$105,156
Michael BonoffskiSenior VP of Marketing and CommunicationsFT$103,082$103,082

Board Members and Trustees

NameTitle
Pamela DuboisChairman
Diane HoneycuttBoard Member
Pat HortonBoard Member
Pritesh NagarjiBoard Member
Steve SteinbacherBoard Member
Tammy Trexler WhaleyBoard Member
Troy TaylorBoard Member
Vinay PatelBoard Member
Jennifer ParsleyPast Chariman
Joel GriffinSecretary
Tim HaglerSecretary
Angie BrownTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Eric Mower And AssociatesMarketing1001 MOOREHEAD SQUARE DR 500, Charlotte, NC 28203$1,262,732
Charlotte Motor SpeedwayMarketing/sponsorshipsPO BOX 600, Concord, NC 28027$503,490
Weddington Road PartnersRentPO BOX 40, New London, NC 28127$132,975
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,730,249
Investment Income
$3,549
Other Revenue
$2,446
Change in Net Assets
$-221,395

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,736,244
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,736,244
Total Revenue per Form 990
$5,736,244
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,504,037
Salaries, Compensation, and Employee Benefits$1,453,602
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$1,196,712$211,184-$1,407,896
Other Salaries and Wages$522,258$92,163-$614,421
Current Officers, Directors, Trustees, and Key Employees$397,200$70,094-$467,294
Other Expenses$241,477$42,614-$284,091
Occupancy$143,620$25,345-$168,965
Other Employee Benefits$128,546$22,685-$151,231
Pension Plan Contributions$119,442$21,078-$140,520
Payroll Taxes$68,116$12,020-$80,136
Information Technology$63,553$11,215-$74,768
Office Expenses$55,340$9,766-$65,106
Depreciation Depletion$28,665$5,059-$33,724
Insurance$14,210$2,508-$16,718
Fees for Services Accounting$12,261$2,164-$14,425
Total Functional Expenses$5,063,993$893,646$0$5,957,639

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,957,639
Total Expenses per Audited Statements$5,957,639
Total Expenses per Form 990$5,957,639
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Tim HaglerMember of Board & Vp of Community Relations - Charlotte Motor SpeedwayTHE ORGANIZATION HAS A MARKETING AGREEMENT AND EVENT SPONSORSHIP WITH CHARLOTTE MOTOR SPEEDWAY AND THE ORGANIZATION PAID CHARLOTTE MOTOR SPEEDWAY $503,490 DURING THE YEAR ENDED JUNE 30, 2018.No$503,490
Emily ZimmermanMember of Board & Marketing Director - Concord MillsTHE ORGANIZATION HAS A MARKETING AGREEMENT WITH CONCORD MILLS AND THE ORGANIZATION PAID CONCORD MILLS $15,000 DURING THE YEAR ENDED JUNE 30, 2018.No$15,000
Troy TaylorMember of Board & Employed With Jim N NicksTHE ORGANIZATION PAID JIM N NICKS $5,052 DURING THE YEAR ENDED JUNE 30, 2018 FOR CATERING EVENTS THROUGHOUT THE YEAR.No$5,052
Jennifer ParsleyMember of Board & Owner of Adventures in MotorsportsTHE ORGANIZATION PAID ADVENTURES IN MOTORSPORTS $1,500 DURING THE YEAR ENDED JUNE 30, 2018 FOR ASSISTANCE WITH DESTINATION TOURS.No$1,500
-Member of Board & Owner of Cabarrus Brewing CompanyTHE ORGANIZATION PAID CABARRUS BREWING COMPANY $300 DURING THE YEAR ENDED JUNE 30, 2018 FOR CATERING EVENTS THROUGHOUT THE YEAR.No$300
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$275,143
Deferred Inflows of Resources$28,932
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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

“A draft copy of the 990 return was presented to the board of directors at their regularly scheduled meeting for review and approval.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy was distributed annually to the board of directors and the employees. Within the policy there are procedures for communicating concerns to supervisors and the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Salary of the ceo is determined by the board of directors. The organization used comparable data from other resources such as destination marketng association international for ceo compensation.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available for public inspection at the organization's office upon request. Organizations staff are available to provide supervision and answer any questions the inquiring party may have.”

Filing and Contact Details

Filer

Filer Name
Cabarrus County Tourism Authority
EIN
26-2726341
Phone
8008483740
Address
10099 WEDDINGTON RD NO 102, CONCORD, NC 28027
Doing Business As
Cabarrus County Convention and Visitors Bureau

Signing Officer

Name
John Mills
Title
Executive Vice President
Phone
7044567962
Signed
2018-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Mills
Formed
2008
Legal Domicile
Nc
Voting Board Members
12
Independent Board Members
12
Employees
26
Volunteers
60

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Samual M Leder CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The audit committee assumes responsibility for oversight of the audit and the selection of the independent auditor.”

Financial Statement Notes

PART X, LINE 2:

“The organization has adopted asc 740-10, effective for audit years ending after december 15, 2009, as it relates to uncertain tax positions for the years ended june 30, 2018 and has evaluated its tax positions for all open tax years. The organization is not currently under audit nor has the organization been contacted by the internal revenue service. Based on the evaluation of the organizations tax positions, management believes all positions taken would be upheld under an examination. Therefore, no provision for the effects of uncertain tax positions have been recorded for the years ended june 30, 2018.”

Raw XML AppendixShowing 400 of 497 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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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHARIMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR VP OF MARKETING AND COMMUNICATIONS
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05736244
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt011215
IRS990/InformationTechnologyGrp/ProgramServicesAmt063553
IRS990/InformationTechnologyGrp/TotalAmt074768
IRS990/InsuranceGrp/ManagementAndGeneralAmt02508
IRS990/InsuranceGrp/ProgramServicesAmt014210
IRS990/InsuranceGrp/TotalAmt016718
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03549
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03549
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt05
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0305282
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0197801
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0136458
IRS990/LandBldgEquipCostOrOtherBssAmt0441740
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DRIVE VISITATION TO CABARRUS COUNTY TO GENERATE THE MAXIMUM IMPACT THROUGH HOTEL STAYS AND VISITOR SPENDING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt03699187
IRS990/NetAssetsOrFundBalancesEOYAmt03477792
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt025345
IRS990/OccupancyGrp/ProgramServicesAmt0143620
IRS990/OccupancyGrp/TotalAmt0168965
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09766
IRS990/OfficeExpensesGrp/ProgramServicesAmt055340
IRS990/OfficeExpensesGrp/TotalAmt065106
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0363072
IRS990/OtherAssetsTotalGrp/EOYAmt0206371
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt022685
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0128546
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0151231
IRS990/OtherExpensesGrp/Desc0SPONSORSHIP/EVENT EXPEN
IRS990/OtherExpensesGrp/Desc1COLLATERAL PRODUCTION/B
IRS990/OtherExpensesGrp/Desc2OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc3ADMINISTRATION FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0173558
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1103610
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt288583
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt342614
IRS990/OtherExpensesGrp/ProgramServicesAmt0983497
IRS990/OtherExpensesGrp/ProgramServicesAmt1587125
IRS990/OtherExpensesGrp/ProgramServicesAmt2501971
IRS990/OtherExpensesGrp/ProgramServicesAmt3241477
IRS990/OtherExpensesGrp/TotalAmt01157055
IRS990/OtherExpensesGrp/TotalAmt1690735
IRS990/OtherExpensesGrp/TotalAmt2590554
IRS990/OtherExpensesGrp/TotalAmt3284091
IRS990/OtherLiabilitiesGrp/BOYAmt0454182
IRS990/OtherLiabilitiesGrp/EOYAmt0304075
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02446
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02446
IRS990/OtherRevenueTotalAmt02446
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt092163
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0522258
IRS990/OtherSalariesAndWagesGrp/TotalAmt0614421
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt012020
IRS990/PayrollTaxesGrp/ProgramServicesAmt068116
IRS990/PayrollTaxesGrp/TotalAmt080136
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0197801
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0136458
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt021078
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0119442
IRS990/PensionPlanContributionsGrp/TotalAmt0140520
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN MILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0OCCUPANCY TAX
IRS990/ProgramServiceRevenueGrp/Desc1ADVERTISING FEES
IRS990/ProgramServiceRevenueGrp/Desc2PROGRAM FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05681812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt137004
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211433
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05681812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt137004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211433
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03508
IRS990/PYOtherExpensesAmt04009922
IRS990/PYOtherRevenueAmt018145
IRS990/PYProgramServiceRevenueAmt05565278
IRS990/PYRevenuesLessExpensesAmt0160781
IRS990/PYSalariesCompEmpBnftPaidAmt01416228
IRS990/PYTotalExpensesAmt05426150
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05586931
IRS990/ReconcilationRevenueExpnssAmt0-221395
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03501386
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03341334
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt02467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0146839
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0149306
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05957639
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0122883
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt082907
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0205790
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0206371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOW OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt011108
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt075536
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt086644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0275143
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128932
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05736244
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ADOPTED ASC 740-10, EFFECTIVE FOR AUDIT YEARS ENDING AFTER DECEMBER 15, 2009, AS IT RELATES TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2018 AND HAS EVALUATED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS. THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY THE INTERNAL REVENUE SERVICE. BASED ON THE EVALUATION OF THE ORGANIZATIONS TAX POSITIONS, MANAGEMENT BELIEVES ALL POSITIONS TAKEN WOULD BE UPHELD UNDER AN EXAMINATION. THEREFORE, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAVE BEEN RECORDED FOR THE YEARS ENDED JUNE 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0136458
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0206371
IRS990ScheduleD/TotalExpensesPerForm990Amt05957639
IRS990ScheduleD/TotalLiabilityAmt0304075
IRS990ScheduleD/TotalRevenuePerForm990Amt05736244
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05736244
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05957639
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0STEVE STIENBACHER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0JENNIFER PARSLEY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1TIM HAGLER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm2EMILY ZIMMERMAN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm3TROY TAYLOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0MEMBER OF BOARD & OWNER OF ADVENTURES IN MOTORSPORTS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1MEMBER OF BOARD & VP OF COMMUNITY RELATIONS - CHARLOTTE MOTOR SPEEDWAY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2MEMBER OF BOARD & MARKETING DIRECTOR - CONCORD MILLS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt3MEMBER OF BOARD & EMPLOYED WITH JIM N NICKS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt4MEMBER OF BOARD & OWNER OF CABARRUS BREWING COMPANY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd20
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd30
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd40
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1503490
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt215000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt35052
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt4300
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0THE ORGANIZATION PAID ADVENTURES IN MOTORSPORTS $1,500 DURING THE YEAR ENDED JUNE 30, 2018 FOR ASSISTANCE WITH DESTINATION TOURS.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,894,977
Liabilities
$417,185
Net assets
$3,477,792
Revenue
$5,736,244
Expenses
$5,957,639
Net income
-$221,395
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.88$2.94$6.95$7.77$7.38$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.83$2.24$5.59$7.24$7.62$0.38
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.06$2.09$5.97$6.46$4.72$1.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.28$1.05$4.23$3.75$2.77$0.98
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$0.60$3.25$4.16$4.58$0.42
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.25$0.58$3.67$5.77$5.57$0.20
2018Detailed filing. Detailed filing data is available for this year.$3.89$0.42$3.48$5.74$5.96$0.22
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.28$0.58$3.70$5.59$5.43$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.83$0.29$3.54$5.44$4.58$0.86