Civic Intelligence

Checkered Flag Racing Association

990EZ • Fiscal year 2024 • EIN 68-0443543

Oct 01, 2023 to Sep 30, 2024 • Filed on Jan 22, 2025

Organization ProfileN/A
1177 Branham Lane 335San Jose, CA 95118

(408) 393-7667

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 2024

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2024

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

2024 filings • 501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

5th percentile

-54%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2024 filings • 501(c)7 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$26,740

Down $31,029 (-54%) from 2023

Net Assets

Down

$26,740

Down $31,029 (-54%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin8th percentile

Revenue

Up

$109,233

Up $12,446 (+13%) from 2023

Expenses

Up

$140,262

Up $44,024 (+46%) from 2023

Net Income

Down

-$31,029

Down $31,578 (-5752%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth5th percentile

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

$150K$100K$50K$0Assets 2010: $112,700Liabilities 2010: $0Net Assets 2010: $112,7002010Assets 2011: $110,456Liabilities 2011: $02011Assets 2012: $118,113Liabilities 2012: $0Net Assets 2012: $118,1132012Assets 2013: $135,460Liabilities 2013: $0Net Assets 2013: $135,4602013Assets 2014: $35,946Liabilities 2014: $0Net Assets 2014: $35,9462014Assets 2015: $26,893Liabilities 2015: $0Net Assets 2015: $26,8932015Assets 2016: $25,804Liabilities 2016: $0Net Assets 2016: $25,8042016Assets 2017: $5,316Net Assets 2017: $5,3162017Assets 2018: $5,546Net Assets 2018: $5,5462018Assets 2019: $6,857Net Assets 2019: $6,8572019Assets 2020: $6,655Net Assets 2020: $6,6552020Assets 2021: $14,517Net Assets 2021: $14,5172021Assets 2022: $41,693Net Assets 2022: $41,6932022Assets 2023: $57,769Net Assets 2023: $57,7692023Assets 2024: $26,740Net Assets 2024: $26,7402024

Highlighted filing

2024

Assets$26,740
Liabilities-
Net Assets$26,740
Open 2024 Filing

Operations Trend

Revenue Growth67th percentile

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

$200K$100K$0-$100KRevenue 2010: $131,767Expenses 2010: $121,285Net Income 2010: $10,4822010Revenue 2011: $154,193Expenses 2011: $156,437Net Income 2011: -$2,2442011Revenue 2012: $148,233Expenses 2012: $140,576Net Income 2012: $7,6572012Revenue 2013: $172,751Expenses 2013: $155,404Net Income 2013: $17,3472013Revenue 2014: $167,189Expenses 2014: $192,365Net Income 2014: -$25,1762014Revenue 2015: $169,367Expenses 2015: $140,819Net Income 2015: $28,5482015Revenue 2016: $104,677Expenses 2016: $105,766Net Income 2016: -$1,0892016Revenue 2017: $109,026Expenses 2017: $129,514Net Income 2017: -$20,4882017Revenue 2018: $144,990Expenses 2018: $144,760Net Income 2018: $2302018Revenue 2019: $97,844Expenses 2019: $96,533Net Income 2019: $1,3112019Revenue 2020: $122,266Expenses 2020: $122,468Net Income 2020: -$2022020Revenue 2021: $151,210Expenses 2021: $143,348Net Income 2021: $7,8622021Revenue 2022: $178,908Expenses 2022: $151,732Net Income 2022: $27,1762022Revenue 2023: $96,787Expenses 2023: $96,238Net Income 2023: $5492023Revenue 2024: $109,233Expenses 2024: $140,262Net Income 2024: -$31,0292024

Highlighted filing

2024

Revenue$109,233
Expenses$140,262
Net Income-$31,029
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jan 22, 2025
Return Version
2023v6.0
Gross Receipts
$109,233
Mission and Program Overview

Mission

Road race track driving events

Program Services

DescriptionGrantsExpenses
Performance driving events were held at Laguna Seca, CA,Sonoma Raceway, Sonoma Ca., and Thunderhill Raceway,Willows, CA for the benefit of all members who participated in 3 groups.--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DAREN PASSOLTPresident/CEOPT$0--
Filing and Contact Details

Filer

Filer Name
Checkered Flag Racing Association
EIN
68-0443543
Phone
4083937667
Address
1177 BRANHAM LANE 335, SAN JOSE, CA 95118

Signing Officer

Name
Daren Passolt
Title
President
Phone
4083937667
Signed
2025-01-22
Discuss with paid preparer
Yes

Preparer

Firm
Particia A Beckham
Address
12529 W Shorthorn st, Star, ID 83669
Preparer
Patricia Beckham
Phone
7076965985
Supplemental Narrative

Additional Explanations

Pt V, Line 35B

“Track and social event expenses”

Pt V, Line 44D

“Members dues and assessments”

Form 990EZ, Part I, Line 16

“Track and social event expenses 140262.”

Form 990EZ, Part II, Line 24

“Adj to reconcile cash to book balance 15527. 0.”

Raw XML Appendix105 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/PersonNm0Daren Passolt
IRS990EZ/BooksInCareOfDetail/PhoneNum09163907138
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01177 Branham Lane 335
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0San Jose
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CA
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd095118
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt042242
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt026740
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt00
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-31029
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt057769
IRS990EZ/Form990TotalAssetsGrp/EOYAmt026740
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0109233
IRS990EZ/GrossReceiptsForPublicUseAmt0109227
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt06
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt0109227
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt057769
IRS990EZ/NetAssetsOrFundBalancesEOYAmt026740
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt057769
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt026740
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt030.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DAREN PASSOLT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt015527
IRS990EZ/OtherAssetsTotalDetail/EOYAmt00
IRS990EZ/OtherExpensesTotalAmt0140262
IRS990EZ/PrimaryExemptPurposeTxt0ROAD RACE TRACK DRIVING EVENTS
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Performance driving events were held at Laguna Seca, CA,Sonoma Raceway, Sonoma Ca., and Thunderhill Raceway,Willows, CA for the benefit of all members who participated in 3 groups.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0CA
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0140262
IRS990EZ/TotalRevenueAmt0109233
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TRACK AND SOCIAL EVENT EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS DUES AND ASSESSMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TRACK AND SOCIAL EVENT EXPENSES 140262.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJ TO RECONCILE CASH TO BOOK BALANCE 15527. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 35b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 44d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 24
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Daren Passolt
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04083937667
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-22
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHECKERED FLAG RACING ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0CHEC
ReturnHeader/Filer/EIN0680443543
ReturnHeader/Filer/PhoneNum04083937667
ReturnHeader/Filer/USAddress/AddressLine1Txt01177 BRANHAM LANE 335
ReturnHeader/Filer/USAddress/CityNm0SAN JOSE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd095118
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Particia A Beckham
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012529 W Shorthorn st
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Star
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ID
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd083669
ReturnHeader/PreparerPersonGrp/PhoneNum07076965985
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Patricia Beckham
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-08-13T11:46:45-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,740
Liabilities
-
Net assets
$26,740
Revenue
$109,233
Expenses
$140,262
Net income
-$31,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2024 filings • 501(c)7 • <$500k nonprofits