Civic Intelligence

Scholarships for Speedway Inc.

990EZ • Fiscal year 2020 • EIN 46-3250448

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

5335 West 25th StreetSpeedway, IN 46224

(317) 244-0236

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 2020

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2020

Net Margin

27th percentile

-11%

Higher net margin than 27% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

45th percentile

0.7%

Faster asset growth than 45% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

64th percentile

0.2%

Faster revenue growth than 64% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$286,541

Up $1,858 (+0.7%) from 2019

Net Assets

Up

$286,541

Up $1,858 (+0.7%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Up

$71,320

Up $130 (+0.2%) from 2019

Expenses

Down

$79,121

Down $18,242 (-19%) from 2019

Net Income

Up

-$7,801

Up $18,372 (+70%) from 2019

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2013: $247,139Liabilities 2013: $02013Assets 2014: $277,621Net Assets 2014: $277,6212014Assets 2015: $262,423Net Assets 2015: $262,4232015Assets 2016: $264,999Liabilities 2016: $02016Assets 2017: $289,144Net Assets 2017: $289,1442017Assets 2018: $268,709Liabilities 2018: $02018Assets 2019: $284,683Net Assets 2019: $284,6832019Assets 2020: $286,541Net Assets 2020: $286,5412020Assets 2021: $303,599Net Assets 2021: $303,5992021Assets 2022: $234,521Net Assets 2022: $234,5212022Assets 2023: $232,530Liabilities 2023: $02023Assets 2024: $230,243Net Assets 2024: $230,2432024

Highlighted filing

2020

Assets$286,541
Liabilities-
Net Assets$286,541

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2013: $405Expenses 2013: $14Net Income 2013: $3912013Revenue 2014: $80,901Expenses 2014: $62,350Net Income 2014: $18,5512014Revenue 2015: $63,039Expenses 2015: $69,466Net Income 2015: -$6,4272015Revenue 2016: $66,233Expenses 2016: $73,081Net Income 2016: -$6,8482016Revenue 2017: $60,757Expenses 2017: $66,185Net Income 2017: -$5,4282017Revenue 2018: $77,024Expenses 2018: $77,431Net Income 2018: -$4072018Revenue 2019: $71,190Expenses 2019: $97,363Net Income 2019: -$26,1732019Revenue 2020: $71,320Expenses 2020: $79,121Net Income 2020: -$7,8012020Revenue 2021: $96,001Expenses 2021: $103,484Net Income 2021: -$7,4832021Revenue 2022: $76,161Expenses 2022: $110,077Net Income 2022: -$33,9162022Revenue 2023: $90,321Expenses 2023: $109,218Net Income 2023: -$18,8972023Revenue 2024: $103,599Expenses 2024: $126,145Net Income 2024: -$22,5462024

Highlighted filing

2020

Revenue$71,320
Expenses$79,121
Net Income-$7,801
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.0
Gross Receipts
$71,320
Mission and Program Overview

Mission

To create scholarships for the youth of speedway

Program Services

DescriptionGrantsExpenses
SOLICITATION AND DISBURSEMENT OF FUNDS AS GRANTS/SCHOLARSHIPS FOR THE EDUCATIONAL BENEFIT OF CHILDREN OF SPEEDWAY, IN.$76,500$76,500
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debby GonzalesPresident-$0--
Karen WelchVice President-$0--
Regina NealTreasurer-$0--
Jan NeatSecretary-$0--
Tom SmithBoard Member-$0--
Dennis HammerBoard Member-$0--
Mindy Lewis-HitchBoard Member-$0--
Gina GroveBoard Member-$0--
Lisa WattsBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Scholarships for Speedway Inc
EIN
46-3250448
Phone
3172440236
Address
5335 West 25th Street, Speedway, IN 46224

Signing Officer

Name
Debra Gonzales
Title
President/Director
Signed
2021-11-09
Discuss with paid preparer
Yes

Preparer

Firm
Clark CPA Group PC
Address
36 Motif Blvd, Brownsburg, IN 46112
Preparer
Derick R Busenbark CPA
Phone
3178522304
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

| Cash Amount Given: $76500

Other Expenses.1

Insurance $1446

Other Expenses.3

Office supplies $283

Other Expenses.4

Bank fees $122

Raw XML Appendix190 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Board Member
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Board Member
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Board Member
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IRS990EZ/OtherExpensesTotalAmt01851
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0| Cash Amount Given: $76500
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-09
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ReturnHeader/Filer/EIN0463250448
ReturnHeader/Filer/PhoneNum03172440236
ReturnHeader/Filer/USAddress/AddressLine1Txt05335 West 25th Street
ReturnHeader/Filer/USAddress/CityNm0Speedway
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
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ReturnHeader/PreparerPersonGrp/PhoneNum03178522304
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Derick R Busenbark CPA
ReturnHeader/ReturnTs02021-11-10T09:19:21-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Debra
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Gonzales
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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