Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Iowa Racing Association - 515 Racing
EIN 81-5368792 • 501(c)3 • Bondurant, IA
Profile
Promoting and advancing motorsports safety.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
5th percentile
Higher net margin than 5% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
10th percentile
Faster asset growth than 10% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $123,087 (-100%) from 2018
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$0
Down $108,686 (-100%) from 2018
Revenue
Down$32,428
Down $216,396 (-87%) from 2018
Expenses
Down$141,114
Down $104,030 (-42%) from 2018
Net Income
Down-$108,686
Down $112,366 (-3053%) from 2018
Trend Graphs
Filings
Most recent year
2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- -
- Net assets
- $0
- Revenue
- $32,428
- Expenses
- $141,114
- Net income
- -$108,686
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2019Detailed filing. Detailed filing data is available for this year. | $0.00 | $0.00 | $0.32 | $1.41 | $1.09 | |
| 2018Detailed filing. Detailed filing data is available for this year. | $1.23 | $0.14 | $1.09 | $2.49 | $2.45 | $0.04 |
| 2017Detailed filing. Detailed filing data is available for this year. | $1.05 | $0.02 | $1.03 | $1.80 | $0.77 | $1.03 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Nov 16, 2020
- Return Version
- 2019v5.0
- Gross Receipts
- $32,428
Mission and Program Overview
Mission
Promoting and advancing motorsports safety.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| EDUCATION OF GENERAL PUBLIC ON SNOWMOBILE SAFETY. | $129,767 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JEFFREY LANGENFELD | Director | - | $0 | - | - |
| JOSHUS MIELK | Director | - | $0 | - | - |
| NICHOLAS LEONARD | Director | - | $0 | - | - |
| ERIC SANGER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Iowa Racing Association - 515 Racing
- EIN
- 81-5368792
- Phone
- 5156080135
- Address
- 7751 NE 110TH AVE, BONDURANT, IA 50035
Signing Officer
- Name
- Brian Andreasen
- Title
- CFO
- Signed
- 2020-11-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Timmins Jacobsen & Strawhacker LLP
- Address
- 10550 New York Ave Suite 200, Des Moines, IA 50322-3775
- Preparer
- Jeffrey F Strawhacker CPA
- Phone
- 5152708080
Supplemental Narrative
Additional Explanations
Other Expenses.1001
“Advertising and Promotion $1556”
Other Expenses.1002
“Office Expenses $225”
Other Expenses.1005
“Travel $436”
Other Expenses.1007
“Conferences, Conventions, and Meetings $5900”
Other Expenses.1009
“Depreciation $9047”
Other Expenses.1012
“Insurance $8623”
Other Expenses.1
“Equipment liquidation $36059”
Other Expenses.2
“EQUIPMENT RENTAL $2914”
Other Expenses.3
“DONATION $2500”
Other Expenses.4
“SUPPLIES $829”
Other Expenses.5
“Equip. Rental & maintenance $260”
Other Assets.1003
“Machinery and Equipment - Beginning $122905 Machinery and Equipment - Ending $0”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $619 Prepaid Expenses and Deferred Charges - Ending $0”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $437 Accounts Payable and Accrued Expenses - Ending $0”
Total Liabilities.1
“PAYROLL TAX LIABILITIES - Beginning $14401 PAYROLL TAX LIABILITIES - Ending $0”
Raw XML Appendix182 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/MethodOfAccountingCashInd | 0 | X |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTING AND ADVANCING MOTORSPORTS SAFETY. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 32428 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | EDUCATION OF GENERAL PUBLIC ON SNOWMOBILE SAFETY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 129767 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 53844 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 14838 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 141114 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 129767 |
| IRS990EZ/TotalRevenueAmt | 0 | 32428 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/First5Years509Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 254192 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 188291 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 442483 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 32428 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 47866 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 1231 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 81525 |
| IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1029 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 1029 |
| IRS990ScheduleA/Post1975UBTIGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 524008 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 32428 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 302058 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 189522 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 524008 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 32428 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 302058 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 190551 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 525037 |
| IRS990ScheduleN/AssetsDistributedInd | 0 | true |
| IRS990ScheduleN/AttorneyGeneralNotifiedInd | 0 | false |
| IRS990ScheduleN/BondLiabilitiesDischargedInd | 0 | false |
| IRS990ScheduleN/BondsOutstandingInd | 0 | false |
| IRS990ScheduleN/DirectorOfSuccessorInd | 0 | false |
| IRS990ScheduleN/EmployeeOfSuccessorInd | 0 | false |
| IRS990ScheduleN/LiabilitiesPaidInd | 0 | true |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc | 0 | EQUIPMENT |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2019-06-01 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt | 0 | REMAINING COST BASIS |
| IRS990ScheduleN/OwnerOfSuccessorInd | 0 | false |
| IRS990ScheduleN/ReceiveCompensationInd | 0 | false |
| IRS990ScheduleN/RequiredToNotifyAGInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Advertising and Promotion $1556 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Office Expenses $225 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Travel $436 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Conferences, Conventions, and Meetings $5900 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Depreciation $9047 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Insurance $8623 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | EQUIPMENT LIQUIDATION $36059 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | EQUIPMENT RENTAL $2914 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | DONATION $2500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | SUPPLIES $829 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | EQUIP. RENTAL & MAINTENANCE $260 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Machinery and Equipment - Beginning $122905 Machinery and Equipment - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Prepaid Expenses and Deferred Charges - Beginning $619 Prepaid Expenses and Deferred Charges - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Accounts Payable and Accrued Expenses - Beginning $437 Accounts Payable and Accrued Expenses - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | PAYROLL TAX LIABILITIES - Beginning $14401 PAYROLL TAX LIABILITIES - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1007 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2021-04-22 16:20:28Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRIAN ANDREASEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CFO |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-11-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | IOWA RACING ASSOCIATION - 515 RACING |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | IOWA |
| ReturnHeader/Filer/EIN | 0 | 815368792 |
| ReturnHeader/Filer/PhoneNum | 0 | 5156080135 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 7751 NE 110TH AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BONDURANT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 50035 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420721983 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Timmins Jacobsen & Strawhacker LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 10550 New York Ave Suite 200 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Des Moines |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | IA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 503223775 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5152708080 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEFFREY F STRAWHACKER CPA |
| ReturnHeader/ReturnTs | 0 | 2020-11-16T13:39:55-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.