Nonprofit · EIN 20-2577827
MAG 7 RACE TEAM
Tax-exempt · OCEANSIDE, CA 92058
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2026 | 990-EZ | $57,858 | $52,893 | $4,965 | $69,955 | $0 | $69,955 |
| February 28, 2025 | 990-EZ | $73,409 | $73,080 | $329 | $67,834 | $2,850 | $64,984 |
| February 29, 2024 | 990-EZ | $42,703 | $14,806 | $27,897 | $64,655 | $0 | $64,655 |
Financial details: 990-EZ for the year ended February 28, 2026
Revenue
- Contributions, gifts and grants
- $400
- Membership dues
- $2,900
- Program service revenue
- $54,558
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fees and payments to contractors
- $2,240
- Occupancy
- $1,680
- Printing, publications and postage
- $60
- Other expenses
- $48,913
Balance sheet and other
- Total assets, start of year
- $67,834
- Total assets, end of year
- $69,955
- Total liabilities, end of year
- $0
- Net assets, end of year
- $69,955
- Cash, savings and investments
- $66,216
- Gross receipts
- $57,858
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-EZ for the year ended February 28, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William F Thompson | President | 5 | $0 |
| Michael Mark Shatynski | Secretary | 5 | $0 |
| Valorie B Shatynski | Treasurer | 5 | $0 |
| Tom Mangione | Director | 5 | $0 |
| Paul Schaffer | Vice President | 5 | $0 |
| Bryan Walsh | Director | 2 | $0 |
990-EZ for the year ended February 28, 2025: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William F Thompson | President | 2 | $0 |
| Michael Mark Shatynski | Secretary | 5 | $0 |
| Valorie B Shatynski | Treasurer | 2 | $0 |
| Tom Mangione | Director | 5 | $0 |
990-EZ for the year ended February 29, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William F Thompson | President | 5 | $0 |
| Michael Mark Shatynski | Secretary | 5 | $0 |
| Valorie B Shatynski | Treasurer | 5 | $0 |
| Tom Mangione | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 862 RIVERTREE DR, OCEANSIDE, CA 92058-7005
- In care of
- % MICHAEL M SHATYNSKI
- Signed the 990-EZ
- Valorie Shatynski, Treasurer
- Phone
- (562) 328-3421
California records
California keeps its own records of charities and corporations. Search them by EIN 20-2577827 or by the name MAG 7 RACE TEAM.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Social and recreational activities related to desert racing
Program accomplishments
- MAG 7 Race Team provides pit support for desert racing and offroad activities for members
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | 990-EZ on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990-EZ on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-2577827
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2020
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $69,955
- Income (IRS master file)
- $57,858
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | February 2026 | $57,858 | $52,893 | $69,955 | XML |
| 990-EZ | February 2025 | $73,409 | $73,080 | $67,834 | XML |
| 990-EZ | February 2024 | $42,703 | $14,806 | $64,655 | XML |
| 990-EZ | February 2023 | – | – | – | IRS |
| 990-EZ | February 2022 | – | – | – | 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 20-2577827).
Questions about MAG 7 RACE TEAM
- What is the EIN of MAG 7 RACE TEAM?
- The employer identification number (EIN) of MAG 7 RACE TEAM is 20-2577827.
- Is MAG 7 RACE TEAM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2020.
- Are donations to MAG 7 RACE TEAM tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MAG 7 RACE TEAM 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 MAG 7 RACE TEAM due?
- The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MAG 7 RACE TEAM last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended February 2026.
- Who are the officers and directors of MAG 7 RACE TEAM?
- The 990-EZ for the year ended February 28, 2026 lists 6 people; 0 received compensation from the organization.
- How much revenue does MAG 7 RACE TEAM have?
- On its 990-EZ for the year ended February 28, 2026 it reported revenue of $57,858, expenses of $52,893 and total assets of $69,955 at year end.
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