Civic Intelligence

Laguna Seca Raceway Foundation

990EZ • Fiscal year 2014 • EIN 75-3088903

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 16, 2015

Organization ProfileWWW.MAZDARACEWAY.COM
PO Box 2078Monterey, CA 93942

(831) 242-8211

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Higher debt load relative to assets than 56% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

57th percentile

0.00x

Higher debt load relative to revenue than 57% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

98th percentile

92%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

89th percentile

84%

Faster asset growth than 89% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

99th percentile

643%

Faster revenue growth than 99% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$340,680

Up $155,209 (+84%) from 2013

Net Assets

Up

$340,278

Up $155,803 (+84%) from 2013

Liabilities

Down

$402

Down $594 (-60%) from 2013

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin98th percentile

Revenue

Up

$168,500

Up $145,808 (+643%) from 2013

Expenses

Down

$12,697

Down $213,252 (-94%) from 2013

Net Income

Up

$155,803

Up $359,060 (+177%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$800K$600K$400K$200K$0Assets 2011: $360,622Liabilities 2011: $2,207Net Assets 2011: $358,4152011Assets 2012: $388,487Liabilities 2012: $755Net Assets 2012: $387,7322012Assets 2013: $185,471Liabilities 2013: $996Net Assets 2013: $184,4752013Assets 2014: $340,680Liabilities 2014: $402Net Assets 2014: $340,2782014Assets 2015: $338,187Liabilities 2015: $402Net Assets 2015: $337,7852015Assets 2016: $337,421Liabilities 2016: $343Net Assets 2016: $337,0782016Assets 2022: $433,473Liabilities 2022: $0Net Assets 2022: $433,4732022Assets 2023: $500,278Liabilities 2023: $0Net Assets 2023: $500,2782023Assets 2024: $721,164Liabilities 2024: $0Net Assets 2024: $721,1642024

Highlighted filing

2014

Assets$340,680
Liabilities$402
Net Assets$340,278
Open 2014 Filing

Operations Trend

Revenue Growth99th percentile

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

$1.0M$500K$0-$500KRevenue 2011: $48,851Expenses 2011: $10,594Net Income 2011: $38,2572011Revenue 2012: $41,562Expenses 2012: $12,245Net Income 2012: $29,3172012Revenue 2013: $22,692Expenses 2013: $225,949Net Income 2013: -$203,2572013Revenue 2014: $168,500Expenses 2014: $12,697Net Income 2014: $155,8032014Revenue 2015: $10,781Expenses 2015: $13,274Net Income 2015: -$2,4932015Revenue 2016: $4,777Expenses 2016: $5,484Net Income 2016: -$7072016Revenue 2022: $312,710Expenses 2022: $15,666Net Income 2022: $297,0442022Revenue 2023: $87,780Expenses 2023: $33,682Net Income 2023: $54,0982023Revenue 2024: $725,611Expenses 2024: $515,147Net Income 2024: $210,4642024

Highlighted filing

2014

Revenue$168,500
Expenses$12,697
Net Income$155,803
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$168,500
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

DescriptionGrantsExpenses
THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES.$1,280-
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CARL ANDERSONVice President-$0--
KENNETH SCHLEYSecretary-$0--
KENNETH SCHLEYPresident-$0--
Filing and Contact Details

Filer

Filer Name
Laguna Seca Raceway Fund
EIN
75-3088903
Phone
8312428211
Address
PO BOX 2078, MONTEREY, CA 93942

Signing Officer

Name
Kenneth Schley
Title
President
Signed
2015-11-16
Discuss with paid preparer
Yes

Preparer

Firm
Farber Hass Hurley Llp
Address
9301 OAKDALE AVE STE 230, CHATSWORTH, CA 91311
Preparer
Michael Hurley
Phone
8188951943
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $7140”

Other Expenses.1

“Paver Exp $1569”

Other Expenses.2

“Plaques $1322”

Other Expenses.4

“Replica Exp $248”

Other Expenses.5

“Other Expense $-1859”

Other Assets.1005

“Accounts Receivable - Beginning $26590 Accounts Receivable - Ending $27690”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $394 Accounts Payable and Accrued Expenses - Ending $402”

Total Liabilities.1

“Pavers - Beginning $245 Pavers - Ending $0”

Total Liabilities.2

“Replicas - Beginning $82 Replicas - Ending $0”

Total Liabilities.3

“Daily Sales Register - Beginning $275 Daily Sales Register - Ending $0”

Raw XML Appendix154 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.

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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0CARL ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1KENNETH SCHLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KENNETH SCHLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Vice President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2President
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt026590
IRS990EZ/OtherAssetsTotalDetail/EOYAmt027690
IRS990EZ/OtherExpensesTotalAmt08420
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES.
IRS990EZ/PrintingPublicationsPostageAmt0635
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE ORGANIZATION RAISES FUNDS FOR THE CONSTRUCTION AND IMPROVEMENT OF FACILITIES THAT WILL BE OWNED BY GOVERNMENT AGENCIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt01280
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0996
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0402
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt012697
IRS990EZ/TotalProgramServiceExpensesAmt01280
IRS990EZ/TotalRevenueAmt0168500
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/WebsiteAddressTxt0WWW.MAZDARACEWAY.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0168500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt022692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt041562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt048851
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt059137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0340742
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99040
IRS990ScheduleA/PublicSupportTotal170Amt0340742
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0168500
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048851
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt059137
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0340742
IRS990ScheduleA/TotalSupportAmt0344035
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $7140
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Paver Exp $1569
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Plaques $1322
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Replica Exp $248
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Expense $-1859
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Accounts Receivable - Beginning $26590 Accounts Receivable - Ending $27690
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Accounts Payable and Accrued Expenses - Beginning $394 Accounts Payable and Accrued Expenses - Ending $402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Pavers - Beginning $245 Pavers - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Replicas - Beginning $82 Replicas - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Daily Sales Register - Beginning $275 Daily Sales Register - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.5
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.3
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH SCHLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAGUNA SECA RACEWAY FUND
ReturnHeader/Filer/BusinessNameControlTxt0LAGU
ReturnHeader/Filer/EIN0753088903
ReturnHeader/Filer/PhoneNum08312428211
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 2078
ReturnHeader/Filer/USAddress/CityNm0MONTEREY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093942
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FARBER HASS HURLEY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09301 OAKDALE AVE STE 230
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHATSWORTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd091311
ReturnHeader/PreparerPersonGrp/PhoneNum08188951943
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Hurley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-11-16T14:13:53-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$340,680
Liabilities
$402
Net assets
$340,278
Revenue
$168,500
Expenses
$12,697
Net income
$155,803
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.21$0.00$7.21$7.26$5.15$2.10
2023Detailed filing. Detailed filing data is available for this year.$5.00$0.00$5.00$0.88$0.34$0.54
2022Detailed filing. Detailed filing data is available for this year.$4.33$0.00$4.33$3.13$0.16$2.97
2016Detailed filing. Detailed filing data is available for this year.$3.37$0.00$3.37$0.05$0.05$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.00$3.38$0.11$0.13$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.41$0.00$3.40$1.69$0.13$1.56
2013Detailed filing. Detailed filing data is available for this year.$1.85$0.01$1.84$0.23$2.26$2.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$0.01$3.88$0.42$0.12$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.61$0.02$3.58$0.49$0.11$0.38