Liabilities / Assets
68th percentile
Tied with the lowest-debt nonprofits in its peer group.
Legacy Speedway Inc.
EIN 88-3466307 • 501(c)3 • Milan, NM
Pub. 78 Eligible990-N CoverageNTEE N70
Profile
Provide a location where the community enjoys dirt car racing every month.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
69th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
51st percentile
Higher net margin than 51% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
69th percentile
Faster asset growth than 69% of similar nonprofits.
Revenue Growth
45th percentile
Faster revenue growth than 45% of similar nonprofits.
Balance Sheet
Assets
Up$16,571
Up $4,268 (+35%) from 2023
Liabilities
Flat$0
Flat from 2023
Net Assets
Up$16,571
Up $4,268 (+35%) from 2023
Revenue
Up$64,633
Up $2,735 (+4.4%) from 2023
Expenses
Down$60,365
Down $3,232 (-5.1%) from 2023
Net Income
Up$4,268
Up $5,967 (+351%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $16,571
- Liabilities
- $0
- Net assets
- $16,571
- Revenue
- $64,633
- Expenses
- $60,365
- Net income
- $4,268
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 7, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $64,633
Mission and Program Overview
Mission
Provide a location where the community enjoys dirt car racing every month.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| PROVIDE A LOCATION WHERE THE COMMUNITY ENJOYS DIRT CAR RACING. | $0 | $67,851 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| CHRIS MORLANG | President | - | $0 | - | - |
| PAIGE SCOTT MORLANG | Secretary | - | $0 | - | - |
| SUEZANNA BONESTEEL | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Legacy Speedway Inc
- EIN
- 88-3466307
- Phone
- 5057120354
- Address
- 1844 NM HWY 605, MILAN, NM 87021
Signing Officer
- Name
- Suezanna Bonesteel
- Title
- Treasurer
- Phone
- 5057120354
- Signed
- 2025-07-07
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Palmer & Co Pa
- Address
- 701 OSUNA RD NE STE 100, ALBUQUERQUE, NM 87113
- Preparer
- Amy K Quinn
- Phone
- 5053441040
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: interest. Amount: 21. Total to form 990-ez, line 14: 12974.”
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 1150. Description: other expenses. Amount: 11824.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: advertising. Amount: 1115. Description: awards/banquets. Amount: 3694. Description: insurance. Amount: 10381. Description: meals. Amount: 30. Description: office. Amount: 1792. Description: supplies. Amount: 509. Description: driver winnings. Amount: 19814. Description: sanctioning fees. Amount: 5307. Description: property tax. Amount: 1072. Description: state tax. Amount: 62. Description: vehicle expense. Amount: 3046. Total to form 990-ez, line 16: 46822.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 11550.”
Raw XML Appendix141 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 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | SUEZANNA BONESTEEL |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5057120354 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 541 2ND ST SW |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | RIO RANCHO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NM |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 87124 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 12303 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 5021 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 1800 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 4268 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 569 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 12303 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 16571 |
| IRS990EZ/GrossReceiptsAmt | 0 | 64633 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 16210 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 12303 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 16571 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 12303 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 16571 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 12974 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CHRIS MORLANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | PAIGE SCOTT MORLANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SUEZANNA BONESTEEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 11550 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 46822 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 21 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROVIDE A LOCATION WHERE THE COMMUNITY ENJOYS DIRT CAR RACING EVERY MONTH. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 46602 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | PROVIDE A LOCATION WHERE THE COMMUNITY ENJOYS DIRT CAR RACING. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 67851 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NM |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 60365 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 67851 |
| IRS990EZ/TotalRevenueAmt | 0 | 64633 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 18010 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 23010 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 21 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 21 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 108500 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 23010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 18010 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 5000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 23010 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 23031 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INTEREST. AMOUNT: 21. TOTAL TO FORM 990-EZ, LINE 14: 12974. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: DEPRECIATION. AMOUNT: 1150. DESCRIPTION: OTHER EXPENSES. AMOUNT: 11824. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ADVERTISING. AMOUNT: 1115. DESCRIPTION: AWARDS/BANQUETS. AMOUNT: 3694. DESCRIPTION: INSURANCE. AMOUNT: 10381. DESCRIPTION: MEALS. AMOUNT: 30. DESCRIPTION: OFFICE. AMOUNT: 1792. DESCRIPTION: SUPPLIES. AMOUNT: 509. DESCRIPTION: DRIVER WINNINGS. AMOUNT: 19814. DESCRIPTION: SANCTIONING FEES. AMOUNT: 5307. DESCRIPTION: PROPERTY TAX. AMOUNT: 1072. DESCRIPTION: STATE TAX. AMOUNT: 62. DESCRIPTION: VEHICLE EXPENSE. AMOUNT: 3046. TOTAL TO FORM 990-EZ, LINE 16: 46822. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 11550. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SUEZANNA BONESTEEL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5057120354 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-07 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LEGACY SPEEDWAY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LEGA |
| ReturnHeader/Filer/EIN | 0 | 883466307 |
| ReturnHeader/Filer/PhoneNum | 0 | 5057120354 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1844 NM HWY 605 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MILAN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 87021 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 850445362 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | PALMER & CO PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 701 OSUNA RD NE STE 100 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALBUQUERQUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 87113 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5053441040 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-03 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | AMY K QUINN |
| ReturnHeader/ReturnTs | 0 | 2025-08-15T17:50:04-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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