Checkered Flag Racing Association

990EZ • Fiscal year 2016 • EIN 68-0443543

Oct 01, 2015 to Sep 30, 2016 • Filed on Aug 07, 2017

Organization Profile www.cfra.net

1616 Iroquois RdRocklin, CA 95765

(916) 390-7138

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.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

0.00x

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

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

-1.0%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

Higher top officer pay than 92% of similar nonprofits.

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

2016 filings • 501(c)7 • <$500k nonprofits • Source year 2016

-4.0%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

-38%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)7 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet

Liabilities / Assets53rd percentile

Assets

Down

$25,804

Down $1,089 (-4.0%) from 2015

Net Assets

Down

$25,804

Down $1,089 (-4.0%) from 2015

Liabilities

Flat

Flat from 2015

Revenue And Expenses

Liabilities / Revenue53rd percentile Net Margin36th percentile

Revenue

Down

$104,677

Down $64,690 (-38%) from 2015

Expenses

Down

$105,766

Down $35,053 (-25%) from 2015

Net Income

Down

-$1,089

Down $29,637 (-104%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

Highlighted filing

2016

Assets$25,804

Liabilities$0

Net Assets$25,804

Open 2016 Filing

Operations Trend

Revenue Growth6th percentile

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

Highlighted filing

2016

Revenue$104,677

Expenses$105,766

Net Income-$1,089

Open 2016 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2015 to Sep 30, 2016
Signed: Aug 7, 2017
Return Version: 2015v3.0
Gross Receipts: $104,677

Mission and Program Overview

Mission

Road race track driving events

To provide and support performance driving events for the benefit of the members.

Program Services

Description	Grants	Expenses
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.	$0	$105,766

Compensation and Service Providers

Top Officer Pay92nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
ED KORNEGAY	President & CEO	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Checkered Flag Racing Association
EIN: 68-0443543
Phone: 9163907138
Address: 1616 IROQUOIS RD, ROCKLIN, CA 95765

Signing Officer

Name: Ed Kornegay
Title: President
Phone: 9163907138
Signed: 2017-08-07

Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Track and social event expenses”

Raw XML Appendix104 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	0
IRS990EZ/BenefitsPaidToOrForMembersAmt	0	0
IRS990EZ/BooksInCareOfDetail/PersonNm	0	ED KORNEGAY
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	9163907138
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	1616 IROQUOIS RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	ROCKLIN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	95765
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	26893
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	25804
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	0
IRS990EZ/CostOfGoodsSoldAmt	0	0
IRS990EZ/CostOrOtherBasisExpenseSaleAmt	0	0
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-1089
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	0
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form1120PolFiledInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	26893
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	25804
IRS990EZ/FundraisingGrossIncomeAmt	0	0
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	0
IRS990EZ/GamingGrossIncomeAmt	0	0
IRS990EZ/GrantsAndSimilarAmountsPaidAmt	0	0
IRS990EZ/GrossProfitLossSlsOfInvntryAmt	0	0
IRS990EZ/GrossReceiptsAmt	0	104677
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/GrossSalesOfInventoryAmt	0	0
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	0
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	0
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	0
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MembershipDuesAmt	0	104677
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	26893
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	25804
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	26893
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	25804
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	25
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	ED KORNEGAY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT & CEO
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	0
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	105766
IRS990EZ/OtherRevenueTotalAmt	0	0
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	To provide and support performance driving events for the benefit of the members.
IRS990EZ/PrintingPublicationsPostageAmt	0	0
IRS990EZ/ProgramServiceRevenueAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	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/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	105766
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/SalariesOtherCompEmplBnftAmt	0	0
IRS990EZ/SaleOfAssetsGrossAmt	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SpecialEventsDirectExpensesAmt	0	0
IRS990EZ/SpecialEventsNetIncomeLossAmt	0	0
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	CA
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	0
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	105766
IRS990EZ/TotalProgramServiceExpensesAmt	0	105766
IRS990EZ/TotalRevenueAmt	0	104677
IRS990EZ/TransactionWithControlEntInd	0	0
IRS990EZ/TypeOfOrganizationAssocInd	0	X
IRS990EZ/WebsiteAddressTxt	0	www.cfra.net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	TRACK AND SOCIAL EVENT EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	Form 990-EZ, Part I, Line 16
ReturnHeader/BuildTS	0	2017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	Ed Kornegay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	President
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	9163907138
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2017-08-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	CHECKERED FLAG RACING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt	0	CHEC
ReturnHeader/Filer/EIN	0	680443543
ReturnHeader/Filer/PhoneNum	0	9163907138
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1616 IROQUOIS RD
ReturnHeader/Filer/USAddress/CityNm	0	ROCKLIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	CA
ReturnHeader/Filer/USAddress/ZIPCd	0	95765
ReturnHeader/ReturnTs	0	2017-08-07T16:08:21-07:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2015-10-01
ReturnHeader/TaxPeriodEndDt	0	2016-09-30
ReturnHeader/TaxYr	0	2015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $25,804
Liabilities: $0
Net assets: $25,804
Revenue: $104,677
Expenses: $105,766
Net income: -$1,089

	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