Civic Intelligence

Nappanee Raceway Inc

990EZ • Fiscal year 2021 • EIN 35-1459725

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 31, 2022

Organization ProfileNONE
24332 US Highway 6Nappanee, IN 46550

(574) 536-9302

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

10th percentile

-34%

Higher net margin than 10% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

20th percentile

-12%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

16th percentile

-38%

Faster revenue growth than 16% of similar nonprofits.

2021 filings • 501(c)7 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$101,967

Down $13,778 (-12%) from 2020

Net Assets

Down

$101,967

Down $13,778 (-12%) from 2020

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin10th percentile

Revenue

Down

$39,964

Down $24,273 (-38%) from 2020

Expenses

Down

$53,742

Down $15,982 (-23%) from 2020

Net Income

Down

-$13,778

Down $8,291 (-151%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$150K$100K$50K$0Assets 2014: $108,617Net Assets 2014: $108,6172014Assets 2015: $109,407Net Assets 2015: $109,4072015Assets 2016: $119,732Net Assets 2016: $119,7322016Assets 2017: $118,681Net Assets 2017: $118,6812017Assets 2018: $120,248Net Assets 2018: $120,2482018Assets 2019: $121,232Net Assets 2019: $121,2322019Assets 2020: $115,745Net Assets 2020: $115,7452020Assets 2021: $101,967Net Assets 2021: $101,9672021Assets 2022: $94,800Liabilities 2022: $2,036Net Assets 2022: $92,7642022Assets 2023: $95,362Liabilities 2023: $1,559Net Assets 2023: $93,8032023Assets 2024: $105,260Liabilities 2024: $1,520Net Assets 2024: $103,7402024

Highlighted filing

2021

Assets$101,967
Liabilities-
Net Assets$101,967
Open 2021 Filing

Operations Trend

Revenue Growth16th percentile

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

$100K$50K$0-$50KRevenue 2014: $23,021Expenses 2014: $22,767Net Income 2014: $2542014Revenue 2015: $27,974Expenses 2015: $27,184Net Income 2015: $7902015Revenue 2016: $27,050Expenses 2016: $16,725Net Income 2016: $10,3252016Revenue 2017: $29,240Expenses 2017: $30,291Net Income 2017: -$1,0512017Revenue 2018: $25,957Expenses 2018: $24,390Net Income 2018: $1,5672018Revenue 2019: $9,877Expenses 2019: $8,893Net Income 2019: $9842019Revenue 2020: $64,237Expenses 2020: $69,724Net Income 2020: -$5,4872020Revenue 2021: $39,964Expenses 2021: $53,742Net Income 2021: -$13,7782021Revenue 2022: $52,501Expenses 2022: $61,704Net Income 2022: -$9,2032022Revenue 2023: $63,373Expenses 2023: $62,334Net Income 2023: $1,0392023Revenue 2024: $67,867Expenses 2024: $57,930Net Income 2024: $9,9372024

Highlighted filing

2021

Revenue$39,964
Expenses$53,742
Net Income-$13,778
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 31, 2022
Return Version
2021v4.2
Gross Receipts
$104,803
Mission and Program Overview

Mission

Recreational facilities provided for amateur horse racing

Recreational amateur horse racing for standardbred horses

Program Services

DescriptionGrantsExpenses
RECREATIONAL FACILITIES PROVIDED FOR AMATEUR HORSE RACING--
Compensation and Service Providers
Top Officer Pay93rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
RICHARD L STUTZMANPresident-$0--
SUSIE E MILLERSecretary-$0--
LAVERN J HOCHSTETLERTreasurer-$0--
ALAN E EARLCo-Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Nappanee Raceway Inc
EIN
35-1459725
Phone
5745369302
Address
24332 US HIGHWAY 6, NAPPANEE, IN 46550

Signing Officer

Name
Lavern Hochstetler
Title
Treasurer
Phone
5745369302
Signed
2022-10-31
Discuss with paid preparer
Yes

Preparer

Firm
Cornerstone Financial Solutions LLC
Address
104 S MAIN ST, GOSHEN, IN 46526
Preparer
Amy E Frankenberger CPA
Phone
5745379500
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 8, Other Revenue

“CAMPER RENT 1,220”

Form 990-EZ, Part I, Line 8, Other Revenue

“STALL RENT 3,345”

Form 990-EZ, Part I, Line 16, Other Expenses

“ADVERTISING 375”

Form 990-EZ, Part I, Line 16, Other Expenses

“ANNOUNCING FEES 1,005”

Form 990-EZ, Part I, Line 16, Other Expenses

“INSURANCE EXPENSE 2,042”

Form 990-EZ, Part I, Line 16, Other Expenses

“OFFICE SUPPLIES 59”

Form 990-EZ, Part I, Line 16, Other Expenses

“Repairs maintenance 13,151”

Form 990-EZ, Part I, Line 16, Other Expenses

“SUPPLIES 16,976”

Form 990-EZ, Part I, Line 16, Other Expenses

“PROPERTY TAXES 7,436”

Form 990-EZ, Part I, Line 16, Other Expenses

“UTILITIES EXPENSE 2,194”

Form 990-EZ, Part I, Line 16, Other Expenses

“FUEL EXPENSE 150”

Form 990-EZ, Part I, Line 16, Other Expenses

“TRAVEL EXPENSE 50”

Raw XML Appendix133 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0LAVERN HOCHSTETLER
IRS990EZ/BooksInCareOfDetail/PhoneNum05745369302
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt054271 COUNTY RD 39
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MIDDLEBURY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd046540
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt020945
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt07167
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt017771
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-13778
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt010304
IRS990EZ/FiledScheduleAInd0false
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0115745
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0101967
IRS990EZ/FundraisingGrossIncomeAmt057083
IRS990EZ/GrossProfitLossSlsOfInvntryAmt024834
IRS990EZ/GrossReceiptsAmt0104803
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/GrossSalesOfInventoryAmt042605
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt094800
IRS990EZ/LandAndBuildingsGrp/EOYAmt094800
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0550
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0115745
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0101967
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0115745
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0101967
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0002.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt3001.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0RICHARD L STUTZMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SUSIE E MILLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2LAVERN J HOCHSTETLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ALAN E EARL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CO-TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt043438
IRS990EZ/OtherRevenueTotalAmt04565
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RECREATIONAL AMATEUR HORSE RACING FOR STANDARDBRED HORSES
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RECREATIONAL FACILITIES PROVIDED FOR AMATEUR HORSE RACING
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt047068
IRS990EZ/SpecialEventsNetIncomeLossAmt010015
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0IN
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt053742
IRS990EZ/TotalRevenueAmt039964
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NONE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CAMPER RENT 1,220
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1STALL RENT 3,345
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADVERTISING 375
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNOUNCING FEES 1,005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE EXPENSE 2,042
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICE SUPPLIES 59
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6REPAIRS MAINTENANCE 13,151
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 16,976
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PROPERTY TAXES 7,436
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9UTILITIES EXPENSE 2,194
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10FUEL EXPENSE 150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TRAVEL EXPENSE 50
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 8, Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 8, Other Revenue
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990-EZ, Part I, Line 16, Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990-EZ, Part I, Line 16, Other Expenses
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LAVERN HOCHSTETLER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05745369302
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-10-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NAPPANEE RACEWAY INC
ReturnHeader/Filer/BusinessNameControlTxt0NAPP
ReturnHeader/Filer/EIN0351459725
ReturnHeader/Filer/PhoneNum05745369302
ReturnHeader/Filer/USAddress/AddressLine1Txt024332 US HIGHWAY 6
ReturnHeader/Filer/USAddress/CityNm0NAPPANEE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200070423
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CORNERSTONE FINANCIAL SOLUTIONS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0104 S MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GOSHEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046526
ReturnHeader/PreparerPersonGrp/PhoneNum05745379500
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMY E FRANKENBERGER CPA
ReturnHeader/ReturnTs02022-11-02T11:01:56-00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAVERN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOCHSTETLER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,967
Liabilities
-
Net assets
$101,967
Revenue
$39,964
Expenses
$53,742
Net income
-$13,778
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.05$0.02$1.04$0.68$0.58$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.94$0.63$0.62$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.95$0.02$0.93$0.53$0.62$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.02$1.02$0.40$0.54$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.16$0.64$0.70$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.21$1.21$0.10$0.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.26$0.24$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.19$0.29$0.30$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.27$0.17$0.10
2015Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.28$0.27$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.09$1.09$0.23$0.23$0.00