2025-11-12T11:22:38-06:00 2024-12-31 450250958 Eide Bailly LLP 877 W Main St Ste 800 Boise ID 837025858 990 2024-01-01 880093380 Reno Air Racing Association Inc RENO 7759726663 5301 Longley Lane D-153 Reno NV 89511 Tony Logoteta President & Chief Operating Officer 7759726663 2025-11-10 1 1 Kimberly C Nelson CPA P01887713 2083447150 2025-11-10 2024 2025-03-06 01:10:19Z X Tony Logoteta 5301 Longley Lane D-153 Reno NV 89511 2867869 0 X airrace.org X 1964 NV Produce a unique air racing event, honor military, inspire youth and strengthen our community. 11 10 16 750 5250 0 890103 624372 9839184 1994545 43006 167115 -78504 -107638 10693789 2678394 84310 105083 0 0 477975 351504 0 0 0 6055610 2701247 6617895 3157834 4075894 -479440 4417627 4270029 656693 988535 3760934 3281494 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 2372957 105083 1989295 The 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. 2372957 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 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 16 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Tony Logoteta 7752322400 5301 Longley Lane D-153 Reno NV 89511 Tony Logoteta President/Chief Operating Officer 50.00 X X 97813 0 13581 Frederick Telling Chairman/CEO 25.00 X X 0 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 (Until Mar '24) 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 (Until Nov '24) 3.00 X 0 0 0 Jon Hitchcock Director (As of Oct '24) 3.00 X 0 0 0 97813 0 13581 0 0 0 0 National Structures PO Box 1361 San Antonio TX 78295 Event Services/ EQ Rental 211650 LiveAirShowTV LLC 205 Fox Hollow Drive Red Oak TX 75154 Livestream Fees 128600 Herb Gillen Agency LLC 1953 South Mallway Drive Columbus OH 43221 Marketing/Public Relation 117469 Pinocchio's Inc 5995 South Virginia st Reno NV 89502 Catering 104005 Sani-Hut Company PO Box 7455 Reno NV 89510 Portable equipment supplier 101339 5 46937 577435 624372 Ticket Sales 541800 1460293 1455043 5250 Racing Event Revenue 541800 491579 491579 42673 42673 1994545 156865 156865 81587 189225 -107638 -107638 -107638 10500 250 10250 10250 10250 2678394 1989295 5250 59477 X 903 903 104180 104180 111393 111393 199953 23767 176186 3033 3033 12960 425 12535 24165 2900 21265 23512 23512 5945 5945 520704 506658 14046 169951 169951 42618 14036 28582 6318 5290 1028 72615 61475 11140 278672 8863 269809 12861 12861 10662 10662 129864 102500 27364 Direct Race Events Cost 859608 842630 16978 Program and Vendor Conc 270614 265674 4940 Seating, Chalets, Booth 259401 259401 37902 4304 33598 3157834 2372957 784877 0 1146130 3700859 2953777 374054 226723 98564 35704 36846 0 12855 1994601 1965853 39660 28748 15633 18103 4417627 4270029 169554 8289 0 506800 486514 472921 625 525 656693 988535 X 0 0 0 0 3760934 3281494 3760934 3281494 4417627 4270029 -479440 0 X 0 0 0 X 660217 832582 924877 890103 624372 3932151 454512 4385463 4284226 9824059 1989295 20937555 17825 12610 24320 0 54755 1114729 5235870 5221713 10738482 2613667 24924461 265265 350374 355579 346544 287034 1604796 311154 234009 379229 279779 160758 1364929 576419 584383 734808 626323 447792 2969725 21954736 77527 74869 74416 127407 238452 592671 77527 74869 74416 127407 238452 592671 537 75 1011 1623 1192256 5311276 5296204 10866900 2852119 25518755 0.86030 0.87140 0.02320 0.01530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1522435 1492523 29912 472166 473330 -1164 28748 Key Deposit 525 525 1 Flight School Scholarships 16 104180 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 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.