Checkered Flag Racing Association

990EZ • Fiscal year 2013 • EIN 68-0443543

Oct 01, 2012 to Sep 30, 2013 • Filed on Aug 11, 2014

Organization Profile N/A

1616 Iroquois Rd95765

Siviq Scores

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

0.00x

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

2013 filings • 501(c)7 • <$500k nonprofits • Source year 2013

0.00x

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

2013 filings • 501(c)7 • <$500k nonprofits • Source year 2013

10%

Higher net margin than 69% of similar nonprofits.

2013 filings • 501(c)7 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

15%

Faster asset growth than 75% of similar nonprofits.

2013 filings • 501(c)7 • <$500k nonprofits • Annualized from 2012 to 2013

17%

Faster revenue growth than 78% of similar nonprofits.

2013 filings • 501(c)7 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets51st percentile

Assets

$135,460

Up $17,347 (+15%) from 2012

Net Assets

$135,460

Up $17,347 (+15%) from 2012

Liabilities

Flat

Flat from 2012

Revenue And Expenses

Liabilities / Revenue52nd percentile Net Margin69th percentile

Revenue

$172,751

Up $24,518 (+17%) from 2012

Expenses

$155,404

Up $14,828 (+11%) from 2012

Net Income

$17,347

Up $9,690 (+127%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

Highlighted filing

2013

Assets$135,460

Liabilities$0

Net Assets$135,460

Open 2013 Filing

Operations Trend

Revenue Growth78th percentile

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

Highlighted filing

2013

Revenue$172,751

Expenses$155,404

Net Income$17,347

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2012 to Sep 30, 2013
Signed: Aug 11, 2014
Return Version: 2012v2.0

Mission and Program Overview

Mission

Road race track driving events

Filing and Contact Details

Filer

EIN: 68-0443543

Raw XML Appendix103 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/ActivitiesNotPreviouslyRpt	0	0
IRS990EZ/BenefitsPaidToOrForMembers	0	0
IRS990EZ/CashSavingsAndInvestments/BOY	0	118113
IRS990EZ/CashSavingsAndInvestments/EOY	0	135460
IRS990EZ/ContributionsGiftsGrantsEtc	0	0
IRS990EZ/CostOfGoodsSold	0	0
IRS990EZ/CostOtherBasisAndSalesExpenses	0	0
IRS990EZ/DidOrgFileForm1120POLThisYear	0	0
IRS990EZ/DirectIndirectPoliticalExpend	0	0
IRS990EZ/DoesOrgHaveHospital	0	0
IRS990EZ/EngagePoliticalCmpgnActivities	0	0
IRS990EZ/ExcessOrDeficitForYear	0	17347
IRS990EZ/FeesAndOthPymtToIndContractors	0	0
IRS990EZ/ForeignFinancialAccount	0	0
IRS990EZ/ForeignOffice	0	0
IRS990EZ/FundraisingGrossIncome	0	0
IRS990EZ/GainOrLossFromSaleOfAssets	0	0
IRS990EZ/GamingGrossIncome	0	0
IRS990EZ/GrantsAndSimilarAmountsPaid	0	0
IRS990EZ/GroProfitLossSalesOfInventory	0	0
IRS990EZ/GrossAmountFromSaleOfAssets	0	0
IRS990EZ/GrossReceipts	0	172751
IRS990EZ/GrossReceiptsForPublicUse	0	0
IRS990EZ/GrossSalesOfInventory	0	0
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InitiationFeesAndCapitalContri	0	0
IRS990EZ/InvestmentIncome	0	0
IRS990EZ/LandAndBuildings/BOY	0	0
IRS990EZ/LandAndBuildings/EOY	0	0
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	0
IRS990EZ/MadeLoansToFromOfficers	0	0
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	0
IRS990EZ/MembershipDues	0	172751
IRS990EZ/MethodOfAccountingCash	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	118113
IRS990EZ/NetAssetsOrFundBalancesBOY	0	118113
IRS990EZ/NetAssetsOrFundBalances/EOY	0	135460
IRS990EZ/NetAssetsOrFundBalancesEOY	0	135460
IRS990EZ/OccupancyRentUtilitiesAndMaint	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	10
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	ED KORNEGAY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	PRESIDENT & CEO
IRS990EZ/Organization501c	0	X
IRS990EZ/OrganizationDissolvedEtc	0	0
IRS990EZ/OrganizationHadUBI	0	0
IRS990EZ/OtherAssetsTotal/BOY	0	0
IRS990EZ/OtherAssetsTotal/EOY	0	0
IRS990EZ/OtherChangesInNetAssets	0	0
IRS990EZ/OtherExpensesTotal	0	155404
IRS990EZ/OtherRevenueTotal	0	0
IRS990EZ/PrimaryExemptPurpose	0	To provide and support performance driving events for the benefit of the members.
IRS990EZ/PrintingPublicationsPostage	0	0
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	Performance driving events were held at Laguna Seca, CA, Sonoma Raceway, Sonoma Ca and Thunderhill Raceway in Willows CA for the benefit of all members who participated in 3 groups.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations	0	0
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	155404
IRS990EZ/ProgramServiceRevenue	0	0
IRS990EZ/ProhibitedTaxShelterTrans	0	0
IRS990EZ/RelatedOrgControlledEntity	0	0
IRS990EZ/SalariesOtherCompEmplBenefits	0	0
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsDirectExpenses	0	0
IRS990EZ/SpecialEventsNetIncomeLoss	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFiled	0	CA
IRS990EZ/SubjectToProxyTax	0	0
IRS990EZ/SumOfTotalLiabilities/BOY	0	0
IRS990EZ/SumOfTotalLiabilities/EOY	0	0
IRS990EZ/TanningServicesProvided	0	0
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	1616 IROQUOIS RD
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	ROCKLIN
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	CA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	95765
IRS990EZ/TheBooksAreInCareOf/NamePerson	0	ED KORNEGAY
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	9163907138
IRS990EZ/TotalAssets/BOY	0	118113
IRS990EZ/TotalAssets/EOY	0	135460
IRS990EZ/TotalExpenses	0	155404
IRS990EZ/TotalProgramServiceExpenses	0	155404
IRS990EZ/TotalRevenue	0	172751
IRS990EZ/TransactionWithControlEntity	0	0
IRS990EZ/WebSite	0	www.cfra.net
IRS990ScheduleO/GeneralExplanation/Explanation	0	TRACK AND SOCIAL EVENT EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	0	F99Z_P01_S00_L16
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	680443543
ReturnHeader/Filer/Name/BusinessNameLine1	0	CHECKERED FLAG RACING ASSOCIATION
ReturnHeader/Filer/NameControl	0	CHEC
ReturnHeader/Filer/Phone	0	9163907138
ReturnHeader/Filer/USAddress/AddressLine1	0	1616 IROQUOIS RD
ReturnHeader/Filer/USAddress/City	0	ROCKLIN
ReturnHeader/Filer/USAddress/State	0	CA
ReturnHeader/Filer/USAddress/ZIPCode	0	95765
ReturnHeader/Officer/DateSigned	0	2014-08-11
ReturnHeader/Officer/Name	0	Ed Kornegay
ReturnHeader/Officer/Phone	0	9163907138
ReturnHeader/Officer/Title	0	President
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-10-01
ReturnHeader/TaxPeriodEndDate	0	2013-09-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-08-11T14:19:27-07:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $135,460
Liabilities: $0
Net assets: $135,460
Revenue: $172,751
Expenses: $155,404
Net income: $17,347

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$0.27		$0.27	$1.09	$1.40	$0.31
2023Detailed filing. Detailed filing data is available for this year.	$0.58		$0.58	$0.97	$0.96	$0.01
2022Detailed filing. Detailed filing data is available for this year.	$0.42		$0.42	$1.79	$1.52	$0.27
2021Detailed filing. Detailed filing data is available for this year.	$0.15		$0.15	$1.51	$1.43	$0.08
2020Detailed filing. Detailed filing data is available for this year.	$0.07		$0.07	$1.22	$1.22	$0.00
2019Detailed filing. Detailed filing data is available for this year.	$0.07		$0.07	$0.98	$0.97	$0.01
2018Detailed filing. Detailed filing data is available for this year.	$0.06		$0.06	$1.45	$1.45	$0.00
2017Detailed filing. Detailed filing data is available for this year.	$0.05		$0.05	$1.09	$1.30	$0.20
2016Detailed filing. Detailed filing data is available for this year.	$0.26	$0.00	$0.26	$1.05	$1.06	$0.01
2015Detailed filing. Detailed filing data is available for this year.	$0.27	$0.00	$0.27	$1.69	$1.41	$0.29
2014Detailed filing. Detailed filing data is available for this year.	$0.36	$0.00	$0.36	$1.67	$1.92	$0.25
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.35	$0.00	$1.35	$1.73	$1.55	$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.18	$0.00	$1.18	$1.48	$1.41	$0.08
2011Summary only. Only limited summary data is available for this year.	$1.10	$0.00		$1.54	$1.56	$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.13	$0.00	$1.13	$1.32	$1.21	$0.10