2024-11-14T15:34:03-06:00 2023-12-31 450250958 Eide Bailly LLP 800 Nicollet Mall Ste 1300 Minneapolis MN 554027033 990 2023-01-01 880093380 Reno Air Racing Association Inc RENO 7759726663 14501 Mt Anderson Street Reno NV 89506 Tony Logoteta Chief Operating Officer 7759726663 2024-11-14 1 1 Deb Nelson CPA P01264758 6122536500 2024-11-14 2023 2024-10-15 13:58:12Z Tony Logoteta 14501 Mt Anderson Street Reno NV 89506 10881014 0 X airrace.org X 1964 NV Produce a unique air racing event, honor military, inspire youth and strengthen our community. 12 10 21 1500 15125 1011 924877 890103 4292131 9839184 450 43006 -101493 -78504 5115965 10693789 0 84310 0 0 375059 477975 0 0 0 4945453 6055610 5320512 6617895 -204547 4075894 594544 4417627 909504 656693 -314960 3760934 X 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. 0 0 5693640 84310 9824059 The Air Race and Air Show host more than 100,000 attendees annually from around the world. Through a partnership with the Nevada Business Aviation Association (NVBAA) and Global Robot and Drone Deployment (GRADD), Reno Air Racing Association hosted over 7,500 students, free of charge, from multiple school districts at the 2023 National Championship Air Races to learn about aviation first-hand in our STEM Education Discovery Zone. In addition, we also provided free admission to over 1,000 current and former military members on Military Appreciation Day, Friday Sep. 15th, 2023.(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 13 young adults with a scholarship in 2024 to achieve their private pilot license. 5693640 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 110 0 1 21 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tony Logoteta 7759726663 14501 Mt Anderson Street Reno NV 89506 Tony Logoteta Chief Operating Officer 50.00 X X 101479 0 13553 Frederick Telling Chairman/CEO 25.00 X X 75000 0 0 Terry Matter Vice Chair 12.00 X X 0 0 0 Joey Scolari Secretary 5.00 X X 0 0 0 Mark Bailey Treasurer 5.00 X X 0 0 0 Mary Beth Sewald Director 3.00 X 0 0 0 Fay Gregory Director 3.00 X 0 0 0 Todd Donahue Director 3.00 X 0 0 0 Bobbi Thompson Director 3.00 X 0 0 0 Tony Marini Director 3.00 X 0 0 0 Sue Gardner Director 3.00 X 0 0 0 William Freeman Director 3.00 X 0 0 0 176479 0 13553 1 0 0 0 National Structures PO Box 1361 San Antonio TX 78295 Event Services/ EQ Rental 327406 Herb Gillen Agency LLC 1953 South Mallway Drive Columbus OH 43221 Marketing/Public Relation 293101 JM Associates LLC 1200 Scott Street Little Rock AR 72202 Broadcast Production Fees 260000 Pinocchio's Inc 5995 South Virginia st Reno NV 89502 Catering 222041 Sani-Hut Company PO Box 7455 Reno NV 89510 Portable equipment supplier 207704 9 86609 803494 890103 Ticket Sales 541800 8442437 8427312 15125 Racing Event Revenue 541800 1277914 1277914 118833 118833 9839184 43006 43006 84401 184035 -99634 -99634 -99634 24320 3190 21130 21130 10693789 9824059 15125 -35498 X 750 750 83560 83560 168033 168033 265110 49634 215476 4286 4286 7190 7190 33356 6245 27111 9951 9951 41825 41825 885226 787769 97457 223946 223946 52779 9779 43000 3980 3980 97370 62547 34823 145867 61465 84402 15982 15982 17368 17368 1379948 1355599 24349 Direct Race Events Cost 966850 882125 84725 Prize Money 783228 783228 Program and Vendor Conc 679387 677604 1783 Seating, Chalets, Booth 649836 624957 24879 102067 80452 21615 6617895 5693640 924255 0 1019 1146130 357328 2953777 114520 226723 49016 35704 0 2004601 1964941 57028 39660 15633 15633 594544 4417627 346222 169554 62757 0 499900 486514 625 625 909504 656693 X 0 0 0 0 -314960 3760934 -314960 3760934 594544 4417627 4075894 0 X 0 0 0 X 451670 660217 832582 924877 890103 3759449 4472966 454512 4385463 4284226 9824059 23421226 26475 17825 12610 24320 81230 4951111 1114729 5235870 5221713 10738482 27261905 277080 265265 350374 355579 346544 1594842 330920 311154 234009 379229 279779 1535091 608000 576419 584383 734808 626323 3129933 24131972 68375 77527 74869 74416 127407 422594 68375 77527 74869 74416 127407 422594 8679 537 75 1011 10302 5028165 1192256 5311276 5296204 10866900 27694801 0.87140 0.85210 0.01530 0.01350 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1522435 1484516 37919 482166 480425 1741 39660 Key Deposit 625 625 24320 1190 2000 1 1.00000 24320 1190 2000 3190 21130 NV 1 0 1 0 1.00000 Tony Logoteta 14501 Mt Anderson St Reno NV 89506 0 Tony Logoteta 750 Manage all operations related to raffle offerings. X 0 1 Flight School Scholarships 10 83560 Part I, Line 2: The Scholarship Committee is responsible for selecting scholarship recipients. The Scholarship Coordinator monitors the process and once recipients are established and flight schools are selected, coordinates payments directly to the recipient's chosen flight school. Additionally, mentors are available to help ensure the success of each recipient. 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. Form 990, Part IX, line 11g Event Management: Program service expenses 143,066. Management and general expenses 0. Fundraising expenses 0. Total expenses 143,066. Broadcast Production Fees: Program service expenses 345,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 345,200. Other Fees: Program service expenses 299,503. Management and general expenses 97,457. Fundraising expenses 0. Total expenses 396,960.