Nonprofit · EIN 16-1456177
WATKINS GLEN PROMOTIONS INC
Tax-exempt · WATKINS GLEN, NY 14891
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $355,341 | $311,761 | $43,580 | $265,614 | $79,572 | $186,042 |
| December 31, 2023 | 990 | $245,999 | $224,268 | $21,731 | $181,612 | $41,150 | $140,462 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,396
- Program service revenue
- $301,668
- Investment income
- $3,277
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $56,050
- Other salaries and wages
- $34,274
- Salaries, compensation and benefits (total)
- $91,074
- Professional fundraising fees
- $0
- Accounting fees
- $6,901
- Occupancy
- $23,043
- Depreciation
- $3,733
- Program services (functional)
- $260,032
- Management and general (functional)
- $51,729
Balance sheet and other
- Total assets, start of year
- $181,612
- Total assets, end of year
- $265,614
- Total liabilities, end of year
- $79,572
- Net assets, end of year
- $186,042
- Land, buildings and equipment
- $19,064
- Net assets without donor restrictions
- $186,042
- Gross receipts
- $355,341
- Employees
- 5
- Volunteers
- 250
- Year formed
- 1994
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAELA L CHRISTENSEN | EXECUTIVE DIRECTOR Officer | 40 | $56,050 |
| MARIANNE MARTS | DIRECTOR Trustee or director | 1 | $0 |
| STACY HUSTED | PRESIDENT Trustee or director, Officer | 2 | $0 |
| CHELSEA STAMP | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM SEEM | DIRECTOR Trustee or director | 1 | $0 |
| KELLY MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LAURIE DENARDO | SECRETARY Trustee or director, Officer | 1 | $0 |
| CAROLE PIERCE | DIRECTOR Trustee or director | 1 | $0 |
| BRUCE BOUGHTON | DIRECTOR Trustee or director | 1 | $0 |
| AUDREY EDMISTER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAELA L CHRISTENSEN | EXECUTIVE DIRECTOR Officer | 40 | $52,490 |
| MARIANNE MARTS | DIRECTOR Trustee or director | 1 | $0 |
| STACY HUSTED | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BRIDGETTE STEWART | SECRETARY Trustee or director, Officer | 1 | $0 |
| CHELSEA STAMP | TREASURER Trustee or director, Officer | 1 | $0 |
| TOM SEEM | DIRECTOR Trustee or director | 1 | $0 |
| KELLY MILLER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| LAURIE DENARDO | DIRECTOR Trustee or director | 1 | $0 |
| CAROLE PIERCE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 209 N FRANKLIN ST, WATKINS GLEN, NY 14891-1201
- Principal officer (990 for 2024)
- STACY HUSTED, 209 FRANKLIN STREET PO BOX 332, WATKINS GLEN, NY 14891
- Signed the 990
- STACY HUSTED, PRESIDENT
- Phone
- (607) 535-3003
- Website
- WATKINSGLEN.COM
- Return prepared by
- DEJOY & CO CPAS LLP
Mission
TO FOSTER THE GENERAL ECONOMIC, SOCIAL AND COMMUNITY WELL-BEING AND TO ENHANCE THE QUALITY OF LIFE OF THE VILLAGES OF WATKINS GLEN, MONTOUR FALLS AND SCHUYLER COUNTY.
Program accomplishments
- ORGANIZED COUNTY WIDE FESTIVALS AND EVENTS, OPEN TO THE PUBLIC, CELEBRATING THE AREA'S ROAD RACING HISTORY AND BEAUTIFUL WATERFRONT. PROMOTES THE WATKINS GLEN/MONTOUR FALLS AREA TO VISITORS AND BUSINESSES.Expenses $260,032 · revenue $301,668
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1456177
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S21Z)
- Assets (IRS master file)
- $265,614
- Income (IRS master file)
- $355,341
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $355,341 | $311,761 | $265,614 | IRS |
| 990 | December 2023 | $245,999 | $224,268 | $181,612 | XML |
| 990 | December 2022 | $197,234 | $184,506 | $169,174 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1456177).
Questions about WATKINS GLEN PROMOTIONS INC
- What is the EIN of WATKINS GLEN PROMOTIONS INC?
- The employer identification number (EIN) of WATKINS GLEN PROMOTIONS INC is 16-1456177.
- Is WATKINS GLEN PROMOTIONS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to WATKINS GLEN PROMOTIONS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATKINS GLEN PROMOTIONS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATKINS GLEN PROMOTIONS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATKINS GLEN PROMOTIONS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WATKINS GLEN PROMOTIONS INC?
- The 990 for the year ended December 31, 2024 names STACY HUSTED.
- Who are the officers and directors of WATKINS GLEN PROMOTIONS INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $56,050 (MICHAELA L CHRISTENSEN, EXECUTIVE DIRECTOR).
- How much revenue does WATKINS GLEN PROMOTIONS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $355,341, expenses of $311,761 and total assets of $265,614 at year end.
Other nonprofits in WATKINS GLEN
- SCHUYLER COUNTY HUMAN SERVICESDEVELOPMENT CORPORATION EIN 20-8402299 · last filed 990 for 2024
- FINGER LAKES GATEWAY COMMUNITY DEVELOPMENT CORPORATION EIN 38-4007595 · last filed 990 for 2024
- NYSARC INC EIN 16-1120089 · last filed 990 for 2024
- FARM SANCTUARY INC EIN 51-0292919 · last filed 990 for 2025
- WATKINS GLEN MOTOR RACING RESEARCH COUNCIL INC EIN 16-1572964 · last filed 990 for 2025
- SCHUYLER COUNTY CHILD CARE COORDINATING COUNCIL EIN 22-3176572 · last filed 990 for 2025
- WATKINS GLEN AREA CHAMBER OF COMMERCE INC EIN 16-6054139 · last filed 990 for 2024
- SCOPED INC EIN 22-2860153 · last filed 990 for 2024
All nonprofits in WATKINS GLEN · New York · Community improvement and capacity building