Civic Intelligence

Reno Air Racing Association Inc

EIN 88-0093380 • 501(c)3 • Reno, NV

View Organization Page

Profile

To produce a first-class air racing and air show event that celebrates and perpetuates the world's fastest motorsport. (Continued on Schedule O)Fueled by decades of success, we're committed to delivering a safe, entertaining and exhilarating experience for fans while also honoring our military, inspiring our youth and strengthening our community, economy and culture.

5301 Longley Lane D-153Reno, NV 89511

airrace.org

Siviq Scores

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

Liabilities / Assets

70th percentile

0.23x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

77th percentile

0.37x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$111,394

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

28th percentile

-3.3%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-75%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$4,270,029

Down $147,598 (-3.3%) from 2023

Liabilities

Up

$988,535

Up $331,842 (+51%) from 2023

Net Assets

Down

$3,281,494

Down $479,440 (-13%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin16th percentile

Revenue

Down

$2,678,394

Down $8,015,395 (-75%) from 2023

Expenses

Down

$3,157,834

Down $3,460,061 (-52%) from 2023

Net Income

Down

-$479,440

Down $4,555,334 (-112%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $2,687,911Liabilities 2011: $984,055Net Assets 2011: $1,703,8562011Assets 2012: $1,032,015Liabilities 2012: $75,302Net Assets 2012: $956,7132012Assets 2013: $515,146Liabilities 2013: $41,673Net Assets 2013: $473,4732013Assets 2014: $625,404Liabilities 2014: $339,780Net Assets 2014: $285,6242014Assets 2015: $482,861Liabilities 2015: $130,069Net Assets 2015: $352,7922015Assets 2016: $624,225Liabilities 2016: $363,326Net Assets 2016: $260,8992016Assets 2017: $487,393Liabilities 2017: $663,865Net Assets 2017: -$176,4722017Assets 2018: $742,594Liabilities 2018: $1,005,748Net Assets 2018: -$263,1542018Assets 2019: $604,511Liabilities 2019: $1,290,212Net Assets 2019: -$685,7012019Assets 2020: $544,022Liabilities 2020: $1,125,820Net Assets 2020: -$581,7982020Assets 2021: $901,025Liabilities 2021: $1,012,359Net Assets 2021: -$111,3342021Assets 2022: $594,544Liabilities 2022: $909,504Net Assets 2022: -$314,9602022Assets 2023: $4,417,627Liabilities 2023: $656,693Net Assets 2023: $3,760,9342023Assets 2024: $4,270,029Liabilities 2024: $988,535Net Assets 2024: $3,281,4942024

Highlighted filing

2024

Assets$4,270,029
Liabilities$988,535
Net Assets$3,281,494
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,621,250Expenses 2011: $4,319,313Net Income 2011: -$698,0632011Revenue 2012: $5,725,882Expenses 2012: $6,473,025Net Income 2012: -$747,1432012Revenue 2013: $5,121,972Expenses 2013: $5,605,212Net Income 2013: -$483,2402013Revenue 2014: $4,856,619Expenses 2014: $5,044,468Net Income 2014: -$187,8492014Revenue 2015: $4,543,214Expenses 2015: $4,476,046Net Income 2015: $67,1682015Revenue 2016: $4,464,174Expenses 2016: $4,556,067Net Income 2016: -$91,8932016Revenue 2017: $4,424,746Expenses 2017: $4,862,117Net Income 2017: -$437,3712017Revenue 2018: $4,884,150Expenses 2018: $4,970,832Net Income 2018: -$86,6822018Revenue 2019: $4,825,106Expenses 2019: $5,247,653Net Income 2019: -$422,5472019Revenue 2020: $1,180,062Expenses 2020: $1,076,159Net Income 2020: $103,9032020Revenue 2021: $5,151,361Expenses 2021: $4,680,837Net Income 2021: $470,5242021Revenue 2022: $5,115,965Expenses 2022: $5,320,512Net Income 2022: -$204,5472022Revenue 2023: $10,693,789Expenses 2023: $6,617,895Net Income 2023: $4,075,8942023Revenue 2024: $2,678,394Expenses 2024: $3,157,834Net Income 2024: -$479,4402024

Highlighted filing

2024

Revenue$2,678,394
Expenses$3,157,834
Net Income-$479,440
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$4,270,029
Liabilities
$988,535
Net assets
$3,281,494
Revenue
$2,678,394
Expenses
$3,157,834
Net income
-$479,440
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.27$0.99$3.28$2.68$3.16$0.48
2023Detailed filing. Detailed filing data is available for this year.$4.42$0.66$3.76$10.7$6.62$4.08
2022Detailed filing. Detailed filing data is available for this year.$0.59$0.91$0.31$5.12$5.32$0.20
2021Detailed filing. Detailed filing data is available for this year.$0.90$1.01$0.11$5.15$4.68$0.47
2020Detailed filing. Detailed filing data is available for this year.$0.54$1.13$0.58$1.18$1.08$0.10
2019Detailed filing. Detailed filing data is available for this year.$0.60$1.29$0.69$4.83$5.25$0.42
2018Detailed filing. Detailed filing data is available for this year.$0.74$1.01$0.26$4.88$4.97$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.49$0.66$0.18$4.42$4.86$0.44
2016Detailed filing. Detailed filing data is available for this year.$0.62$0.36$0.26$4.46$4.56$0.09
2015Summary only. Only limited summary data is available for this year.$0.48$0.13$0.35$4.54$4.48$0.07
2014Summary only. Only limited summary data is available for this year.$0.63$0.34$0.29$4.86$5.04$0.19
2013Summary only. Only limited summary data is available for this year.$0.52$0.04$0.47$5.12$5.61$0.48
2012Summary only. Only limited summary data is available for this year.$1.03$0.08$0.96$5.73$6.47$0.75
2011Summary only. Only limited summary data is available for this year.$2.69$0.98$1.70$3.62$4.32$0.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 10, 2025
Return Version
2024v5.2
Gross Receipts
$2,867,869
Mission and Program Overview

Mission

To produce a first-class air racing and air show event that celebrates and perpetuates the world's fastest motorsport. (Continued on Schedule O)Fueled by decades of success, we're committed to delivering a safe, entertaining and exhilarating experience for fans while also honoring our military, inspiring our youth and strengthening our community, economy and culture.

Produce a unique air racing event, honor military, inspire youth and strengthen our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,146,130$3,700,859▲ $2,554,729
Rtn Earn Endowment Incm Other Fnds$3,760,934$3,281,494▼ $479,440
Savings and Temporary Cash Investments$2,953,777$374,054▼ $2,579,723
Accounts Receivable$226,723$98,564▼ $128,159
Inventories for Sale or Use$35,704$36,846▲ $1,142
Land, Buildings, and Equipment, Net$39,660$28,748▼ $10,912
Prepaid Expenses and Deferred Charges$0$12,855▲ $12,855
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,417,627$4,270,029▼ $147,598
Other Assets Total$15,633$18,103▲ $2,470
Liabilities
Deferred Revenue$0$506,800▲ $506,800
Unsecured Notes Loans Payable$486,514$472,921▼ $13,593
Accounts Payable and Accrued Expenses$169,554$8,289▼ $161,265
Other Liabilities$625$525▼ $100
Total Liabilities$656,693$988,535▲ $331,842
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,760,934$3,281,494▼ $479,440
Total Liabilities and Net Assets / Fund Balance$4,417,627$4,270,029▼ $147,598

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$29,912$1,492,523$1,522,435
Equipment$-1,164$473,330$472,166
Compensation and Service Providers
Top Officer Pay71st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tony LogotetaPresident/Chief Operating OfficerFT$97,813$13,581$111,394

Board Members and Trustees

NameTitle
Frederick TellingChairman/CEO
Terry MatterVice Chair
Bobbi ThompsonDirector
Mary Beth SewaldDirector
Sue GardnerDirector
Todd DonahueDirector
Tony MariniDirector
Jon HitchcockDirector (As of Oct '24)
Fay GregoryDirector (Until Mar '24)
William FreemanDirector (Until Nov '24)
Joey ScolariSecretary
Mark BaileyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
National StructuresEvent Services/ EQ RentalPO Box 1361, San Antonio, TX 78295$211,650
LiveAirShowTV LLCLivestream Fees205 Fox Hollow Drive, Red Oak, TX 75154$128,600
Herb Gillen Agency LLCMarketing/Public Relation1953 South Mallway Drive, Columbus, OH 43221$117,469
Pinocchio's IncCatering5995 South Virginia st, Reno, NV 89502$104,005
Sani-Hut CompanyPortable equipment supplierPO Box 7455, Reno, NV 89510$101,339
Revenue and Support

Revenue Composition

Contributions and Grants
$624,372
Program Service Revenue
$1,994,545
Investment Income
$167,115
Other Revenue
$-107,638
All Other Contributions
$577,435
Change in Net Assets
$-479,440
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,701,247
Salaries, Compensation, and Employee Benefits$351,504
Grants and Similar Amounts Paid$105,083
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$506,658$14,046-$520,704
Travel$8,863$269,809-$278,672
Other Expenses$259,401$4,940-$259,401
Other Salaries and Wages$23,767$176,186-$199,953
Advertising$169,951--$169,951
Insurance$102,500$27,364-$129,864
Current Officers, Directors, Trustees, and Key Employees-$111,393-$111,393
Grants to Domestic Individuals$104,180--$104,180
Occupancy$61,475$11,140-$72,615
Office Expenses$14,036$28,582-$42,618
All Other Expenses$4,304$33,598-$37,902
Payroll Taxes$2,900$21,265-$24,165
Fees for Services Legal-$23,512-$23,512
Other Employee Benefits$425$12,535-$12,960
Interest-$12,861-$12,861
Depreciation Depletion-$10,662-$10,662
Information Technology$5,290$1,028-$6,318
Fees for Services Accounting-$5,945-$5,945
Pension Plan Contributions-$3,033-$3,033
Grants to Domestic Orgs$903--$903
Total Functional Expenses$2,372,957$784,877$0$3,157,834
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Key Deposit$525
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

“The Executive Committee has authority to act on behalf of the governing body. The Committee includes the Chairman/CEO, Vice Chair, Secretary, Treasurer, and Chief Operating Officer. There are no members of the Executive Committee who are not also members of the Governing Body.”

Form 990, Part VI, Section B, line 11B

“A copy of the Form 990 is provided to the Governing Body prior to Filing.”

Form 990, Part VI, Section B, line 12C

“All policies are reviewed by the board members and directors are knowledgeable of other members business relationships.”

Form 990, Part VI, Section B, line 15

“The Compensation Committee reviews compensation for management and staff annually. The Committee utilizes comparative market information to ensure reasonableness. The Committee's recommendations are presented to the Board for discussion and approval. Minutes are maintained for meetings.”

Form 990, Part VI, Section C, line 19

“All governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Reno Air Racing Association Inc
EIN
88-0093380
Phone
7759726663
Address
5301 Longley Lane D-153, Reno, NV 89511

Signing Officer

Name
Tony Logoteta
Title
President & Chief Operating Officer
Phone
7759726663
Signed
2025-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony Logoteta
Formed
1964
Legal Domicile
Nv
Voting Board Members
11
Independent Board Members
10
Employees
16
Volunteers
750

Preparer

Firm
Eide Bailly LLP
Address
877 W Main St Ste 800, Boise, ID 83702-5858
Preparer
Kimberly C Nelson CPA
Phone
2083447150
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Event Management: Program service expenses 95,621. Management and general expenses 0. Fundraising expenses 0. Total expenses 95,621. Broadcast Production Fees: Program service expenses 172,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 172,600. Other Fees: Program service expenses 238,437. Management and general expenses 14,046. Fundraising expenses 0. Total expenses 252,483.”

Raw XML AppendixShowing 400 of 571 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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IRS990/Desc0The 2024 Reno Air Show hosted an audience of more than 40,000 attendees from around the country and world. Through partnerships with the Nevada Business Aviation Association (NVBAA) and Global Robot and Drone Deployment (GRADD), Reno Air Racing Association hosted over 6,000 students, free of charge, from multiple school districts at the 2024 Reno Air Show to learn about aviation first-hand in our STEM Education Discovery Zone. In addition, we provided discounted admission to military personnel and free admission to veterans groups.(Continued on Sch O) Each year the Reno Air Racing Association provides over $75,000 worth of free admission to local charities and schools through various donations, in addition to providing fundraising opportunities for numerous local profit service organizations. The Reno Air Racing Association also continued its flight scholarship program, rewarding another 16 young adults with a scholarship in 2024 to achieve their private pilot license.
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IRS990/Form990PartVIISectionAGrp/PersonNm2Terry Matter
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IRS990/Form990PartVIISectionAGrp/PersonNm4Mark Bailey
IRS990/Form990PartVIISectionAGrp/PersonNm5Mary Beth Sewald
IRS990/Form990PartVIISectionAGrp/PersonNm6Fay Gregory
IRS990/Form990PartVIISectionAGrp/PersonNm7Todd Donahue
IRS990/Form990PartVIISectionAGrp/PersonNm8Bobbi Thompson
IRS990/Form990PartVIISectionAGrp/PersonNm9Tony Marini
IRS990/Form990PartVIISectionAGrp/PersonNm10Sue Gardner
IRS990/Form990PartVIISectionAGrp/PersonNm11William Freeman
IRS990/Form990PartVIISectionAGrp/PersonNm12Jon Hitchcock
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
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IRS990/MissionDesc0To produce a first-class air racing and air show event that celebrates and perpetuates the world's fastest motorsport. (Continued on Schedule O)Fueled by decades of success, we're committed to delivering a safe, entertaining and exhilarating experience for fans while also honoring our military, inspiring our youth and strengthening our community, economy and culture.
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt00

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