Nonprofit · EIN 26-1080365
SPEEDWAY TRAILS ASSOCIATION
Tax-exempt · SPEEDWAY, IN 46224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $755,083 | $147,730 | $607,353 | $2,404,968 | $0 | $2,404,968 |
| December 31, 2024 | 990 | $1,327,647 | $395,874 | $931,773 | $1,797,609 | $0 | $1,797,609 |
| December 31, 2023 | 990 | $120,729 | $100,320 | $20,409 | $5,935,299 | $0 | $5,935,299 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $691,021
- Program service revenue
- $0
- Investment income
- $5,484
- Net income from fundraising events
- $58,578
- Other revenue
- $58,578
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $35,793
- Program services (functional)
- $147,730
Balance sheet and other
- Total assets, start of year
- $1,797,609
- Total assets, end of year
- $2,404,968
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,404,968
- Land, buildings and equipment
- $2,019,438
- Net assets without donor restrictions
- $173,559
- Net assets with donor restrictions
- $2,231,409
- Gross receipts
- $758,845
- Employees
- 0
- Volunteers
- 100
- Year formed
- 2016
- State of legal domicile
- IN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Logan Posson | President Officer | 2 | $0 |
| Beverly Katterhenry | Vice President Officer | 10 | $0 |
| David Santelik | Treasurer Officer | 1 | $0 |
| Michelle Lowry | Secretary Officer | 1 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Logan Posson | President Officer | 2 | $0 |
| Beverly Katterhenry | Vice President Officer | 10 | $0 |
| David Santelik | Treasurer Officer | 1 | $0 |
| MIchelle Lowry | Scretary Officer | 1 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Frank Merrit | President Officer | 2 | $0 |
| Beverly Katterhenry | Vice President Officer | 20 | $0 |
| David Santelik | Treasruer Officer | 1 | $0 |
| Michelle Lowry | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4900 CRAWORDSVILLE RD, SPEEDWAY, IN 46224-0000
- Mailing address (990-N for 2019)
- 5046 W 13th Street, Indianapolis IN 46224
- Principal officer (990 for 2025)
- Logan Posson, 4900 Crawfordsville Rd, Speedway, IN 46224
- Principal officer (990-N for 2019)
- Beverly Katterhenry, 5046 W 13th Street, Indianapolis IN 46224
- Signed the 990
- Dave Santelik, Treasurer
- Phone
- (219) 765-5162
- Website
- www.speedwaytrails.com
Mission
Speedway Trails Association's mission is to create a safe community trail system in the Town of Speedway, accessible for all - strollers to wheel chairs. The purpose of these trails is to connect neighbors, promote local businesses, improve the environment and provide for a healthy community.
Program accomplishments
- Speedway Trail's Association is currently expanding B&O trail in western Marion County, Indiana. This section of trail is being built in cooperation with Hendricks Co B&O Trail Association. The 3-mile section of trail under construction will connect the current B&O Trail in Town of Speedway on the east with Town of Brownsburg's segment of B&O Trail on the west. This link will create 16 continues miles of trail running westward from downtown Indianapolis connecting several communities. Through 2025, $1,519,438 has been spent on land acquisition, design, & construction of this segment of trail. Funding for the project was originated through receipt of Next Level Trails grant through Indiana Department of Natural Resources, with significant contribution of matching funds from Central Indiana Community Foundation.Expenses $1,014,095
- Speedway Trails owns and maintains P&E Trail in Town of Speedway. This 1.5 mile segment of trail connects Main St in Speedway with a retail shopping center. In 2025, a 200 yard stretch of eastern end of the trail was milled and repaved at a cost of $49,191. Remaining expense is mowing and upkeep of adjacent land.Expenses $62,025
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 | 990 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
- 26-1080365
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $2,404,968
- Income (IRS master file)
- $758,845
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $755,083 | $147,730 | $2,404,968 | XML |
| 990 | December 2024 | $1,327,647 | $395,874 | $1,797,609 | XML |
| 990 | December 2023 | $120,729 | $100,320 | $5,935,299 | XML |
| 990 | December 2022 | $4,721,550 | $329,041 | $5,912,785 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Beverly Katterhenry | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 26-1080365).
Questions about SPEEDWAY TRAILS ASSOCIATION
- What is the EIN of SPEEDWAY TRAILS ASSOCIATION?
- The employer identification number (EIN) of SPEEDWAY TRAILS ASSOCIATION is 26-1080365.
- Is SPEEDWAY TRAILS ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SPEEDWAY TRAILS ASSOCIATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPEEDWAY TRAILS ASSOCIATION 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 SPEEDWAY TRAILS ASSOCIATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPEEDWAY TRAILS ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPEEDWAY TRAILS ASSOCIATION?
- The 990 for the year ended December 31, 2025 names Logan Posson.
- Who are the officers and directors of SPEEDWAY TRAILS ASSOCIATION?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SPEEDWAY TRAILS ASSOCIATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $755,083, expenses of $147,730 and total assets of $2,404,968 at year end.
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