Civic Intelligence

California Lightning Sprints

990EZ • Fiscal year 2020 • EIN 33-0747025

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 13, 2021

Organization Profilewww.racecls.com
99 Flora Vista AveCamarillo, CA 93012

(805) 857-2595

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Net Margin

53rd percentile

5.5%

Higher net margin than 53% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

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

2020 filings • 501(c)4 • <$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-30%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2020

Revenue Growth

18th percentile

-55%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2020

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$2,751

Down $2,920 (-51%) from 2018

Net Assets

Down

$2,751

Down $2,920 (-51%) from 2018

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin53rd percentile

Revenue

Down

$13,275

Down $52,208 (-80%) from 2018

Expenses

Down

$12,540

Down $51,410 (-80%) from 2018

Net Income

Down

$735

Down $798 (-52%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$15K$10K$5.0K$0Assets 2018: $5,671Net Assets 2018: $5,6712018Assets 2020: $2,751Liabilities 2020: $0Net Assets 2020: $2,7512020Assets 2021: $11,708Liabilities 2021: $0Net Assets 2021: $11,7082021Assets 2022: $7,539Liabilities 2022: $0Net Assets 2022: $7,5392022Assets 2023: $8,141Liabilities 2023: $0Net Assets 2023: $8,1412023Assets 2024: $8,063Liabilities 2024: $0Net Assets 2024: $8,0632024

Highlighted filing

2020

Assets$2,751
Liabilities$0
Net Assets$2,751
Open 2020 Filing

Operations Trend

Revenue Growth18th percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2018: $65,483Expenses 2018: $63,950Net Income 2018: $1,5332018Revenue 2020: $13,275Expenses 2020: $12,540Net Income 2020: $7352020Revenue 2021: $39,656Expenses 2021: $30,834Net Income 2021: $8,8222021Revenue 2022: $50,019Expenses 2022: $54,323Net Income 2022: -$4,3042022Revenue 2023: $32,066Expenses 2023: $31,599Net Income 2023: $4672023Revenue 2024: $31,114Expenses 2024: $31,192Net Income 2024: -$782024

Highlighted filing

2020

Revenue$13,275
Expenses$12,540
Net Income$735
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 13, 2021
Return Version
2020v4.0
Gross Receipts
$13,275
Mission and Program Overview

Mission

Provide Vehicle Racing for the General Public

Program Services

DescriptionGrantsExpenses
Provided Vehicle Race Events for the General Public$12,540$12,540
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alex GrigoreasPresidentPT$0--
Richard HindmanVice President-$0--
Michael NighTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
California Lightning Sprints Inc
EIN
33-0747025
Phone
8058572595
Address
99 Flora Vista Ave, Camarillo, CA 93012

Signing Officer

Name
Michael Nigh
Title
Treasurer
Phone
8058572595
Signed
2021-11-13
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Driver Purse and Race Payouts and Awards;9311|Advertising;2152|Accounting and Taxes;147|Tools and Repairs;156|Meeting and Office Supplies;94^Total;11860^”

Form 990-EZ, Part I, Line 20

“Prior year adjustment to depriciation”

Raw XML Appendix123 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/PersonNm0Michael Nigh
IRS990EZ/BooksInCareOfDetail/PhoneNum08058572595
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt099 Flora Vista Ave
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Camarillo
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd093012
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02086
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt02751
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DirectIndirectPltclExpendAmt00
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0735
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0560
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt02086
IRS990EZ/Form990TotalAssetsGrp/EOYAmt02751
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GamingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt013275
IRS990EZ/GrossSalesOfInventoryAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt00
IRS990EZ/LandAndBuildingsGrp/EOYAmt00
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt02086
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02751
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt02086
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02751
IRS990EZ/OccupancyRentUtltsAndMaintAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt23
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Alex Grigoreas
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Richard Hindman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael Nigh
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherChangesInNetAssetsAmt0-70
IRS990EZ/OtherExpensesTotalAmt011860
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Provide Vehicle Racing for the General Public
IRS990EZ/PrintingPublicationsPostageAmt0120
IRS990EZ/ProgramServiceRevenueAmt013275
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Provided Vehicle Race Events for the General Public
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt012540
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012540
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/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt012540
IRS990EZ/TotalProgramServiceExpensesAmt012540
IRS990EZ/TotalRevenueAmt013275
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description;Amount^Driver Purse and Race Payouts and Awards;9311|Advertising;2152|Accounting and Taxes;147|Tools and Repairs;156|Meeting and Office Supplies;94^Total;11860^
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Prior year adjustment to depriciation
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 20
ReasonableCauseExplanation/ExplanationTxt0Form 8868 approved July 19, 2021 (Notice CP211A)
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/PersonNm0Michael Nigh
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum08058572595
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CALIFORNIA LIGHTNING SPRINTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CALI
ReturnHeader/Filer/EIN0330747025
ReturnHeader/Filer/PhoneNum08058572595
ReturnHeader/Filer/USAddress/AddressLine1Txt099 Flora Vista Ave
ReturnHeader/Filer/USAddress/CityNm0Camarillo
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093012
ReturnHeader/ReturnTs02021-11-13T16:52:38-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,751
Liabilities
$0
Net assets
$2,751
Revenue
$13,275
Expenses
$12,540
Net income
$735
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.06$0.00$8.06$31.1$31.2$0.08
2023Detailed filing. Detailed filing data is available for this year.$8.14$0.00$8.14$32.1$31.6$0.47
2022Detailed filing. Detailed filing data is available for this year.$7.54$0.00$7.54$50.0$54.3$4.30
2021Detailed filing. Detailed filing data is available for this year.$11.7$0.00$11.7$39.7$30.8$8.82
2020Detailed filing. Detailed filing data is available for this year.$2.75$0.00$2.75$13.3$12.5$0.74
2018Detailed filing. Detailed filing data is available for this year.$5.67$5.67$65.5$64.0$1.53