2024-11-14T19:55:51-06:00 2023-12-31 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2023-01-01 943021388 NHRA VISION NHRA 6269144761 140 VIA VERDE 100 SAN DIMAS CA 91773 CHEYENNE HUANG TREASURER 6269144761 2024-11-13 1 1 TRACY S PAGLIA P00366884 2099556100 2024-11-13 2023 2024-10-15 13:58:12Z DALE COLEMAN 140 VIA VERDE 100 SAN DIMAS CA 91773 1492375 0 X HTTP://NHRAMUSEUM.ORG X 1986 DC PRESERVE AND DISPLAY MOTORSPORTS HISTORY AND ITEMS; EDUCATE THE PUBLIC REGARDING THE SAME. 8 2 7 15 3450 0 619216 458684 761814 696015 75039 30211 138946 161813 1595015 1346723 0 0 0 0 337438 342237 0 0 0 1047623 953699 1385061 1295936 209954 50787 2389172 2585770 304304 430215 2084868 2155555 X NHRA VISION IS ORGANIZED FOR CHARITABLE AND EDUCATIONAL PURPOSES. THE ORGANIZATION OBTAINS, CARES FOR AND DISPLAYS ITEMS OF LASTING INTEREST OR VALUE RELATING TO THE SPORT OF DRAG RACING IN A FACILITY THAT IS OPEN TO THE GENERAL PUBLIC. THE ORGANIZATION SPONSORS AND CARRIES ON ACTIVITIES THAT FOSTER A BETTER UNDERSTANDING OF THE HISTORY AND DEVELOPMENT OF THE SPORT AND THE PEOPLE AND INDUSTRY ASSOCIATED WITH THE SPORT, AND PROMOTES THE SPORT OF DRAG RACING, INCLUDING PROMOTING PARTICIPATION IN THE SPORT BY YOUTH AND OTHERS. 0 0 712636 776616 SINCE THEIR INCEPTION, THE NOSTALGIA RACING EVENTS FORMERLY KNOWN AS "HOT ROD REUNIONS AND NOW KNOWN AS "NOSTALGIA NATIONALS" HAVE OFFERED HOT RODDERS AND RACERS THE OPPORTUNITY TO REUNITE WITH OLD FRIENDS AND REMINISCE ABOUT "THE GOOD OLD DAYS" WHILE ALSO PROVIDING A PLATFORM FOR NEW PEOPLE TO EXPERIENCE THE HISTORIC ORIGINS OF THE SPORT. THE NOSTALGIA NATIONALS INCLUDE VINTAGE DRAG RACING, A CAR SHOW, A CHANCE FOR FANS TO MEET THE LEGENDS AND STARS OF THE SPORT, AND THE HIGHLY POPULAR "CACKLEFEST" AUTOMOBILE EXHIBITION. 405889 0 INVOLVEMENT IN YOUTH EDUCATION AND RACING PROGRAMS INCLUDING SUPPORT FOR MOTORSPORTS CAREER OPPORTUNITY AND DEVELOPMENT PROGRAMS AND SUPPORT FOR YOUTH DRAG RACING PROGRAMS. 131535 58657 MAINTAIN THE NHRA MOTORSPORTS MUSEUM. 1250060 1 1 0 0 0 0 0 1 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 43 0 1 7 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 8 2 0 0 0 0 1 1 1 1 0 0 0 1 1 0 0 1 1 0 0 0 CA X CHEYENNE HUANG 6269144761 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 DAVID KENNEDY - PRESIDENT CHAIR (THRU 01/23)/SECRETARY (AS OF 01/23) 1.00 40.00 X X 0 185026 48732 CHEYENNE HUANG TREASURER 1.00 40.00 X X 0 179776 11024 DALE COLEMAN CHAIR (AS OF 01/23) 10.00 0.00 X X 46000 0 0 BRADLEY GERBER BOARD MEMBER 1.00 40.00 X 0 692429 13934 MARLEEN GURROLA - BOARD MEMBER SECRETARY (THRU 01/23) 1.00 40.00 X X 0 273911 40610 EVAN JONAT BOARD MEMBER 1.00 40.00 X 0 268544 54467 GALE BANKS BOARD MEMBER 1.00 0.00 X 0 0 0 ALEX XYDIAS BOARD MEMBER 1.00 0.00 X 0 0 0 46000 1599686 168767 0 0 1 1 0 3222 455462 458684 HOT ROD REUNIONS 711300 637358 633908 3450 MUSEUM ADMISSIONS 711300 58657 58657 696015 25997 25997 4866 4866 10470 0 10470 10470 10470 3309 905 0 0 3309 905 4214 4214 6934 6378 556 556 278532 139274 139258 139258 MISCELLANEOUS INCOME 900099 6663 6663 6663 1346723 831823 3450 52766 46000 46000 243763 234012 9751 4425 4248 177 26848 25774 1074 21201 20353 848 18757 18757 151 151 517 517 11989 11989 30588 29110 1478 78130 75005 3125 4449 4449 56731 54461 2270 37453 35955 1498 HOT ROD REUNION EXPENSE 712636 712636 TAXES/PERMITS 1560 1560 RECRUITMENT/RELOCATION 738 738 1295936 1250060 45876 0 678468 537060 9954 10193 9838 55702 132394 114116 18102 19808 1600749 1123876 531586 476873 763515 812480 245315 559538 2389172 2585770 166589 239506 22487 23523 115228 167186 304304 430215 X 2084868 2155555 2084868 2155555 2389172 2585770 50787 19900 0 X 0 1 X 1 0 X 520611 394324 540112 619216 458684 2532947 520611 394324 540112 619216 458684 2532947 1136544 1396403 5504 1630 670 23872 41333 73009 556 556 1175 6663 7838 2614350 4190396 0.53410 0.64040 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X 0 593631 378676 214955 992118 745200 246918 15000 15000 476873 DUE FROM RELATED PARTY 392352 RIGHT OF USE ASSETS 167186 559538 LEASE LIABILITY 167186 167186 X PART III, LINE 1A: THE ORGANIZATION HOLDS A NUMBER OF DONATED OR CONTRIBUTED VEHICLES AND ARTWORK AS COLLECTIONS. THESE COLLECTIONS ARE NOT RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION AND ARE EXCLUDED FROM THE FINANCIAL STATEMENTS. COLLECTIONS ARE CATALOGED AND PRESERVED FOR EDUCATIONAL PURPOSES. PART III, LINE 4: VEHICLES AND VARIOUS ITEMS INTEGRAL TO THE HISTORY OF ALL TYPES OF RACING ARE DISPLAYED. ITEMS INCLUDE HISTORICAL PUBLICATIONS, DRIVING SUITS, AND TROPHIES. VARIOUS DISPLAYS AND VIDEOS PRESERVE THE HISTORY OF RACING. PART X, LINE 2: NHRA IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISIONS. VISION IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISIONS. THE ASSOCIATION IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES. THERE WAS NO INCOME TAX FOR UNRELATED BUSINESS INCOME IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES IN 2023. THE ASSOCIATION, UNDER PROVISIONS OF THE FASB ASC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2023. 0 0 0 0 0 0 0 0 0 BRADLEY GERBER BOARD MEMBER 0 589660 0 87750 0 15019 0 13200 0 734 0 706363 0 0 EVAN JONAT BOARD MEMBER 0 187559 0 60000 0 20985 0 10400 0 44067 0 323011 0 0 MARLEEN GURROLA - BOARD MEMBER SECRETARY (THRU 01/23) 0 198616 0 60250 0 15045 0 10610 0 30000 0 314521 0 0 DAVID KENNEDY - PRESIDENT CHAIR (THRU 01/23)/SECRETARY (AS OF 01/23) 0 153427 0 15695 0 15904 0 7163 0 41569 0 233758 0 0 CHEYENNE HUANG TREASURER 0 135817 0 27000 0 16959 0 6647 0 4377 0 190800 0 0 DALE COLEMAN CHAIR (AS OF 01/23) 46000 0 0 0 0 0 0 0 0 0 46000 0 0 0 PART I, LINE 3 THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED ONE OR MORE OF THE METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION. PART II: DALE COLEMAN, BOARD MEMBER, WAS PAID THROUGH AN UNRELATED ORGANIZATION, HIGHBRIDGE ASSOCIATES THAT WAS REPORTED ON FORM 1099 AND INCLUDED IN SCHEDULE J, PART II. FORM 990, PART VI, SECTION A, LINE 6 THE NHRA IS THE SOLE CORPORATE MEMBER OF NHRA VISION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF THE ORGANIZATION IS NHRA. AT ALL TIMES, TWO MEMBERS OF THE NHRA VISION BOARD OF DIRECTORS MUST HAVE A FORMAL AFFILIATION WITH THE NHRA, WHICH FORMAL AFFILIATION MUST BE AS A BOARD MEMBER, OFFICER OR EMPLOYEE OF NHRA. FORM 990, PART VI, SECTION A, LINE 7B THE NHRA VISION BOARD MUST OBTAIN WRITTEN CONSENT FROM THE NHRA TO PERFORM, COMMIT, AUTHORIZE, OR DIRECT ANY OFFICER OF THE CORPORATION TO AMEND THE BYLAWS, CHANGE THE LOCATION OF THE PRINCIPAL OFFICE OF THE CORPORATION, DISSOLVE, WIND UP, OR MERGE THE CORPORATION, OR SELL, LEASE, CONVEY, EXCHANGE, TRANSFER, OR OTHERWISE DISPOSE OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY TOOK SEPARATE ACTION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS FOR REVIEW AND IS APPROVED BY THE TREASURER FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12 ALL EMPLOYEES ARE RESPONSIBLE FOR FOLLOWING THE CONFLICT OF INTEREST POLICY. MANAGEMENT IS RESPONSIBLE FOR ENFORCING COMPLIANCE WITH THE POLICY. THE COMPANY ALSO HAS A PROCEDURE IN PLACE THAT ALLOWS EMPLOYEES TO BRING ANY MATTER THEY FEEL MAY BE A PROBLEM TO MANAGEMENTS' ATTENTION. ANNUAL RECORDS AND DOCUMENTATION ARE REVIEWED TO IDENTIFY ANY POTENTIAL CONFLICT OF INTEREST, AND IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, MANAGEMENT REVIEWS THE POTENTIAL CONFLICT TO ENSURE PROPER APPROVALS HAVE BEEN OBTAINED AND IF NOT TAKE APPROPRIATE ACTION AS REQUIRED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. NATIONAL HOT ROD ASSOCIATION 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 951686172 ADVANCEMENT OF MOTORSPORTS CA 501(C)(6) N/A 0 NHRA IGNITION 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 873379350 CHARITABLE ACTIVITIES CA 501(C)(3) LINE 7 NHRA 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 NATIONAL HOT ROD ASSOCIATION Q 522357 FMV