Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Laguna Seca Raceway Foundation
990EZ • Fiscal year 2013 • EIN 75-3088903
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
75th percentile
Higher debt load relative to revenue than 75% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
73rd percentile
Higher top officer pay than 73% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
9th percentile
Faster revenue growth than 9% of similar nonprofits.
Balance Sheet
Assets
Down$185,471
Down $203,016 (-52%) from 2012
Net Assets
Down$184,475
Down $203,257 (-52%) from 2012
Liabilities
Up$996
Up $241 (+32%) from 2012
Revenue And Expenses
Revenue
Down$22,692
Down $18,870 (-45%) from 2012
Expenses
Up$225,949
Up $213,704 (+1745%) from 2012
Net Income
Down-$203,257
Down $232,574 (-793%) from 2012
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2013 to Dec 31, 2013
- Signed
- Nov 17, 2014
- Return Version
- 2013v3.1
- Gross Receipts
- $22,692
Mission and Program Overview
Mission
The organization raises funds for the construction and improvement of facilities that will be owned by government agencies.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES. | $1,306 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CARL ANDERSON | Vice President | - | $0 | - | - |
| KENNETH SCHLEY | Secretary | - | $0 | - | - |
| KENNETH SCHLEY | President | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 75-3088903
- Phone
- 8312428211
Signing Officer
- Name
- Kenneth Schley
- Title
- President
- Signed
- 2014-11-17
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Michael Hurley
- Phone
- 8188951943
Supplemental Narrative
Additional Explanations
Payments to Affiliates.1
“Name: SPORTS CAR RACING ASSN OF THE | Address: P.O. BOX 2078 Monterey, ca 93942 | Purpose of payment: Fundraising | Amount: $218000”
Other Expenses.1001
“Advertising and Promotion $708”
Other Expenses.1
“Paver Exp $656”
Other Expenses.2
“Replica Exp $595”
Other Expenses.4
“Other Expense $55”
Other Assets.1005
“Accounts Receivable - Beginning $26090 Accounts Receivable - Ending $26590”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $755 Accounts Payable and Accrued Expenses - Ending $394”
Total Liabilities.1
“Pavers - Beginning $0 Pavers - Ending $245”
Total Liabilities.2
“Replicas - Beginning $0 Replicas - Ending $82”
Total Liabilities.3
“Daily Sales Register - Beginning $0 Daily Sales Register - Ending $275”
Raw XML Appendix158 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 | JAMES HARRIS |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8312428211 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | PO BOX 2078 |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | MONTEREY |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 93942 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 359078 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 155562 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 22692 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -203257 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5581 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 388487 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 185471 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 218000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 22692 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 3319 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 3319 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 387732 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 184475 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 387732 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 184475 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CARL ANDERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KENNETH SCHLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KENNETH SCHLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | President |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 26090 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 26590 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 2014 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 354 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 1306 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 755 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 996 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 225949 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 1306 |
| IRS990EZ/TotalRevenueAmt | 0 | 22692 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.MAZDARACEWAY.COM |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 22692 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 41562 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 48851 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 59137 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 13461 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 185703 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 3203 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 9356 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 12559 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 90 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 105 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 195 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.93570 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.68740 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 185703 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 22692 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 41562 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 48851 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 59137 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 13461 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 185703 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 198457 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Name: SPORTS CAR RACING ASSN OF THE | Address: P.O. BOX 2078 Monterey, ca 93942 | Purpose of payment: Fundraising | Amount: $218000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Advertising and Promotion $708 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Paver Exp $656 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Replica Exp $595 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Other Expense $55 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Receivable - Beginning $26090 Accounts Receivable - Ending $26590 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Accounts Payable and Accrued Expenses - Beginning $755 Accounts Payable and Accrued Expenses - Ending $394 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Pavers - Beginning $0 Pavers - Ending $245 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Replicas - Beginning $0 Replicas - Ending $82 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | Daily Sales Register - Beginning $0 Daily Sales Register - Ending $275 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Payments to Affiliates.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Total Liabilities.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Total Liabilities.3 |
| ReturnHeader/BuildTS | 0 | 2015-11-30 17:44:51Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KENNETH SCHLEY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2014-11-17 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | LAGUNA SECA RACEWAY FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LAGU |
| ReturnHeader/Filer/EIN | 0 | 753088903 |
| ReturnHeader/Filer/PhoneNum | 0 | 8312428211 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | PO BOX 2078 |
| ReturnHeader/Filer/USAddress/City | 0 | MONTEREY |
| ReturnHeader/Filer/USAddress/State | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 93942 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | FARBER HASS HURLEY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 9301 OAKDALE AVE STE 230 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | CHATSWORTH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 91311 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8188951943 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael Hurley |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2014-11-17T13:49:26-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2013-12-31 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $185,471
- Liabilities
- $996
- Net assets
- $184,475
- Revenue
- $22,692
- Expenses
- $225,949
- Net income
- -$203,257