Civic Intelligence

Karting Association of Lubbock Inc

EIN 75-1808084 • 501(c)7 • Lubbock, TX

Profile

GO KART RACING

8703 DoverLubbock, TX 79424

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2019

Net Margin

93rd percentile

42%

Higher net margin than 93% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2019

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.

501(c)7 • <$500k nonprofits • Source year 2019

Asset Growth

82nd percentile

23%

Faster asset growth than 82% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$48,582

Up $9,083 (+23%) from 2018

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$48,582

Up $9,083 (+23%) from 2018

Operations
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

Up

$21,410

Up $2,038 (+11%) from 2018

Expenses

Down

$12,327

Down $18,502 (-60%) from 2018

Net Income

Up

$9,083

Up $20,540 (+179%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth82nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2010: $46,817Net Assets 2010: $46,8172010Assets 2011: $48,446Net Assets 2011: $48,4462011Assets 2012: $53,647Net Assets 2012: $53,6472012Assets 2013: $57,380Net Assets 2013: $57,3802013Assets 2014: $53,149Net Assets 2014: $53,1492014Assets 2015: $52,283Net Assets 2015: $52,2832015Assets 2016: $51,413Net Assets 2016: $51,4132016Assets 2017: $50,956Net Assets 2017: $50,9562017Assets 2018: $39,499Net Assets 2018: $39,4992018Assets 2019: $48,582Net Assets 2019: $48,5822019

Highlighted filing

2019

Assets$48,582
Liabilities-
Net Assets$48,582
Open 2019 Filing

Operations Trend

Revenue Growth67th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20KRevenue 2010: $19,725Expenses 2010: $12,897Net Income 2010: $6,8282010Revenue 2011: $18,405Expenses 2011: $16,776Net Income 2011: $1,6292011Revenue 2012: $15,697Expenses 2012: $10,496Net Income 2012: $5,2012012Revenue 2013: $12,708Expenses 2013: $8,975Net Income 2013: $3,7332013Revenue 2014: $8,345Expenses 2014: $5,746Net Income 2014: $2,5992014Revenue 2015: $7,281Expenses 2015: $8,147Net Income 2015: -$8662015Revenue 2016: $9,236Expenses 2016: $10,106Net Income 2016: -$8702016Revenue 2017: $9,236Expenses 2017: $9,693Net Income 2017: -$4572017Revenue 2018: $19,372Expenses 2018: $30,829Net Income 2018: -$11,4572018Revenue 2019: $21,410Expenses 2019: $12,327Net Income 2019: $9,0832019

Highlighted filing

2019

Revenue$21,410
Expenses$12,327
Net Income$9,083
Open 2019 Filing

Filings

Most recent year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$48,582
Liabilities
-
Net assets
$48,582
Revenue
$21,410
Expenses
$12,327
Net income
$9,083
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$48.6$48.6$21.4$12.3$9.08
2018Detailed filing. Detailed filing data is available for this year.$39.5$39.5$19.4$30.8$11.5
2017Detailed filing. Detailed filing data is available for this year.$51.0$51.0$9.24$9.69$0.46
2016Detailed filing. Detailed filing data is available for this year.$51.4$51.4$9.24$10.1$0.87
2015Detailed filing. Detailed filing data is available for this year.$52.3$52.3$7.28$8.15$0.87
2014Detailed filing. Detailed filing data is available for this year.$53.1$53.1$8.35$5.75$2.60
2013Detailed filing. Detailed filing data is available for this year.$57.4$57.4$12.7$8.98$3.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.6$53.6$15.7$10.5$5.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$48.4$18.4$16.8$1.63
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$46.8$19.7$12.9$6.83
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Aug 26, 2020
Return Version
2019v5.1
Gross Receipts
$21,410
Mission and Program Overview

Mission

GO KART RACING

Program Services

DescriptionGrantsExpenses
THE OBJECTIVE OF THE ORGANIZATION IS TO PROMOTE THE SPORT OF KARTING FOR THE FUN, ENJOYMENT & SPORTSMANSHIPFOR THE ENTIRE FAMILY, & LEARNING OF FAIR PLAY FOR ALL.--
THE ORGANIZATION CONDUCTS LOCAL RACES AND HOSTS REGIONALEVENTS FROM TIME TO TIME.--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LYNN COXPresidentPT$0--
WAYNE PAINTERV/PPT$0--
MARK PROBASCOTreasurerPT$0--
ASHLEY WESTERSecretaryPT$0--
NICK OLENIKRace DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Karting Association of Lubbock Inc
EIN
75-1808084
Phone
8068321351
Address
8703 DOVER, LUBBOCK, TX 79424

Signing Officer

Name
Mark Probasco
Title
Treasurer
Phone
8068321351
Signed
2020-08-26

Preparer

Firm
David a Childers Pc
Address
709 7TH ST, SHALLOWATER, TX 79363-4747
Preparer
David a Childers CPA
Phone
8068321803
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

“RACE ENTRY FEES 14111.”

Form 990EZ, Part I, Line 16

“ADVERTISING 493.”

Form 990EZ, Part I, Line 16

“Repairs and maintenance 2989.”

Form 990EZ, Part I, Line 16

“Dues and subscriptions 125.”

Form 990EZ, Part I, Line 16

“INSURANCE 3585.”

Form 990EZ, Part I, Line 16

“EQUIPMENT LEASE 447.”

Form 990EZ, Part I, Line 16

“PROPERTY TAXES 930.”

Form 990EZ, Part I, Line 16

“SUPPLIES 1071.”

Form 990EZ, Part I, Line 16

“TELEPHONE & PAGING”

Form 990EZ, Part I, Line 16

“GAS, FUEL, & OIL 32.”

Form 990EZ, Part I, Line 16

“Miscelleanous expenses 238.”

Raw XML Appendix146 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/PersonNm0MARK PROBASCO
IRS990EZ/BooksInCareOfDetail/PhoneNum08068321351
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0407 CLOVIS RD
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0SHALLOWATER
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd079363
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt02806
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt011889
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt04339
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt09083
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0250
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt039499
IRS990EZ/Form990TotalAssetsGrp/EOYAmt048582
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt021410
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LandAndBuildingsGrp/BOYAmt036693
IRS990EZ/LandAndBuildingsGrp/EOYAmt036693
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt02960
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt039499
IRS990EZ/NetAssetsOrFundBalancesEOYAmt048582
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt039499
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt048582
IRS990EZ/OccupancyRentUtltsAndMaintAmt02085
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt05.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt15.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt25.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt35.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt45.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LYNN COX
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WAYNE PAINTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2MARK PROBASCO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ASHLEY WESTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4NICK OLENIK
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1V/P
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4RACE DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt09910
IRS990EZ/OtherRevenueTotalAmt014111
IRS990EZ/PrimaryExemptPurposeTxt0GO KART RACING
IRS990EZ/PrintingPublicationsPostageAmt082
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE OBJECTIVE OF THE ORGANIZATION IS TO PROMOTE THE SPORT OF KARTING FOR THE FUN, ENJOYMENT & SPORTSMANSHIPFOR THE ENTIRE FAMILY, & LEARNING OF FAIR PLAY FOR ALL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE ORGANIZATION CONDUCTS LOCAL RACES AND HOSTS REGIONALEVENTS FROM TIME TO TIME.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt012327
IRS990EZ/TotalRevenueAmt021410
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RACE ENTRY FEES 14111.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADVERTISING 493.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REPAIRS AND MAINTENANCE 2989.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DUES AND SUBSCRIPTIONS 125.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INSURANCE 3585.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EQUIPMENT LEASE 447.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROPERTY TAXES 930.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SUPPLIES 1071.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TELEPHONE & PAGING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9GAS, FUEL, & OIL 32.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10MISCELLEANOUS EXPENSES 238.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02020-11-19 02:30:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARK PROBASCO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08068321351
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-08-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARTING ASSOCIATION OF LUBBOCK INC
ReturnHeader/Filer/BusinessNameControlTxt0KART
ReturnHeader/Filer/EIN0751808084
ReturnHeader/Filer/PhoneNum08068321351
ReturnHeader/Filer/USAddress/AddressLine1Txt08703 DOVER
ReturnHeader/Filer/USAddress/CityNm0LUBBOCK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079424
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId08316F0B84D6C64CB4453D1A0FBB9A2F36CC55370
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A6CE43B6EDEC0EECB7B081FBD6F85A4FB8636ED3
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt066.205.103.172
ReturnHeader/FilingSecurityInformation/IPDt02020-09-02
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm014:06:17
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAVID A CHILDERS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0709 7TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SHALLOWATER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0793634747
ReturnHeader/PreparerPersonGrp/PhoneNum08068321803
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A CHILDERS CPA
ReturnHeader/ReturnTs02020-09-02T14:06:33-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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