Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Music City Quarter Midget Racing
EIN 61-1425553 • 501(c)3 • Hermitage, TN
Profile
Amateur athletic organization which fosters education, competition, and sportsmanship while providing the tools for confidence for the children in preparing for national amateur athletic competitions.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
10th percentile
Higher net margin than 10% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
21st percentile
Faster asset growth than 21% of similar nonprofits.
Revenue Growth
19th percentile
Faster revenue growth than 19% of similar nonprofits.
Balance Sheet
Assets
Down$25,249
Down $21,703 (-46%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$25,249
Down $21,703 (-46%) from 2018
Revenue
Down$22,394
Down $20,548 (-48%) from 2018
Expenses
Up$44,096
Up $1,392 (+3.3%) from 2018
Net Income
Down-$21,702
Down $21,940 (-9218%) from 2018
Trend Graphs
Filings
Most recent year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $25,249
- Liabilities
- -
- Net assets
- $25,249
- Revenue
- $22,394
- Expenses
- $44,096
- Net income
- -$21,702
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Nov 16, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $22,394
Mission and Program Overview
Mission
Amateur athletic organization which fosters education, competition, and sportsmanship while providing the tools for confidence for the children in preparing for national amateur athletic competitions.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| HOSTED NUMEROUS AMATEUR RACES WITH 10-60 CHILDREN IN EACH RACE TO EDUCATE AND TRAIN THEM IN SPORTSMANSHIP, CONFIDENCE, AND PREPARATION FOR NATIONAL EVENTS. ALL CHILDREN WERE PRESENTED WITH AWARDS FOR PARTICIPATING IN EVERY EVENT. | - | $42,738 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MIKE CRAFTON | Vice Preside | PT | $0 | - | - |
| LORI JAMES | President | PT | $0 | - | - |
| CHUCK LOCKHART | Treasurer | PT | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Music City Quarter Midget Racing
- EIN
- 61-1425553
- Phone
- 8658069802
- Address
- 3672 CENTRAL PIKE, HERMITAGE, TN 37076
Signing Officer
- Name
- Chuck Lockhart
- Title
- Treasurer
- Phone
- 8658069802
- Signed
- 2020-11-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Lawhorn CPA Group LLC
- Address
- 6312 KINGSTON PIKE STE 100, KNOXVILLE, TN 37919-4958
- Preparer
- Jeffery J Lawhorn CPA
- Phone
- 8652124867
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses internet website 345 office supplies 142 bank fees 101 postage 49 comcast internet 709 awards 10,249 repairs maintenance 7,016 equipment upgrades 1,578 banquet expenses 836 taxes 20 supplies 2,363 dixie shootout series 3,110 contributions 428 equipment storage 805 equipment rentals 5,371 travel 529 signs & banners 110 non-investment depreciation 8,886 total 42,647”
Form 990-ez, Part II, Line 24
“Equipment 18,759 27,259 less accumulated depreciation 18,036 26,922 total 723 337”
Form 990-ez, Part III
“Amateur athletic organization which fosters education, competition, and sportsmanship while providing the tools for confidence for the children in preparing for national amateur athletic competitions.”
Form 990-ez, Part III, Line 28
“Hosted numerous amateur races with 10-60 children in each race to educate and train them in sportsmanship, confidence, and preparation for national events. All children were presented with awards for participating in every event.”
Raw XML Appendix134 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | CHUCK LOCKHART |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8658069802 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 518 ROCKINGHAM DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | KNOXVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 37909 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 46228 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 24912 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 10275 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -21702 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 1449 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 46951 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 25249 |
| IRS990EZ/GrossReceiptsAmt | 0 | 22394 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 46951 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 25249 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 46951 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 25249 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MIKE CRAFTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LORI JAMES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | CHUCK LOCKHART |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 723 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 337 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 42647 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | AMATEUR ATHLETIC ORGANIZATION WHICH FOSTERS EDUCATION, COMPETITION, AND SPORTSMANSHIP WHILE PROVIDING THE TOOLS FOR CONFIDENCE FOR THE CHILDREN IN PREPARING FOR NATIONAL AMATEUR ATHLETIC COMPETITIONS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 12119 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | HOSTED NUMEROUS AMATEUR RACES WITH 10-60 CHILDREN IN EACH RACE TO EDUCATE AND TRAIN THEM IN SPORTSMANSHIP, CONFIDENCE, AND PREPARATION FOR NATIONAL EVENTS. ALL CHILDREN WERE PRESENTED WITH AWARDS FOR PARTICIPATING IN EVERY EVENT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 42738 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 44096 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 42738 |
| IRS990EZ/TotalRevenueAmt | 0 | 22394 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MCQMRA.NET |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OTHER INCOME 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 10275 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6598 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12678 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5005 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 8213 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 42769 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 42769 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 10275 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 6598 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 12678 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 5005 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 8213 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 42769 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 42769 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INTERNET WEBSITE 345 OFFICE SUPPLIES 142 BANK FEES 101 POSTAGE 49 COMCAST INTERNET 709 AWARDS 10,249 REPAIRS MAINTENANCE 7,016 EQUIPMENT UPGRADES 1,578 BANQUET EXPENSES 836 TAXES 20 SUPPLIES 2,363 DIXIE SHOOTOUT SERIES 3,110 CONTRIBUTIONS 428 EQUIPMENT STORAGE 805 EQUIPMENT RENTALS 5,371 TRAVEL 529 SIGNS & BANNERS 110 NON-INVESTMENT DEPRECIATION 8,886 TOTAL 42,647 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EQUIPMENT 18,759 27,259 LESS ACCUMULATED DEPRECIATION 18,036 26,922 TOTAL 723 337 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | AMATEUR ATHLETIC ORGANIZATION WHICH FOSTERS EDUCATION, COMPETITION, AND SPORTSMANSHIP WHILE PROVIDING THE TOOLS FOR CONFIDENCE FOR THE CHILDREN IN PREPARING FOR NATIONAL AMATEUR ATHLETIC COMPETITIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | HOSTED NUMEROUS AMATEUR RACES WITH 10-60 CHILDREN IN EACH RACE TO EDUCATE AND TRAIN THEM IN SPORTSMANSHIP, CONFIDENCE, AND PREPARATION FOR NATIONAL EVENTS. ALL CHILDREN WERE PRESENTED WITH AWARDS FOR PARTICIPATING IN EVERY EVENT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2021-04-22 16:20:28Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | CHUCK LOCKHART |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8658069802 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MUSIC CITY QUARTER MIDGET RACING |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MUSI |
| ReturnHeader/Filer/EIN | 0 | 611425553 |
| ReturnHeader/Filer/PhoneNum | 0 | 8658069802 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3672 CENTRAL PIKE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | HERMITAGE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 37076 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 8D4BC9BF3ACBB8D22EDEC32DC63876C7BCBD2B2E |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 8D4BC9BF3ACBB8D22EDEC32DC63876C7BCBD2B2E |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 52.177.190.47 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-11-16 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 15:35:31 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 473524217 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | LAWHORN CPA GROUP LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 6312 KINGSTON PIKE STE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KNOXVILLE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 379194958 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8652124867 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-11-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFFERY J LAWHORN CPA |
| ReturnHeader/ReturnTs | 0 | 2020-11-16T15:35:31-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.