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Nonprofit · EIN 35-1914054

TERRE HAUTE QUARTER MIDGET ASSOCIATION INC

Tax-exempt · TERRE HAUTE, IN 47802

Financials

$62K$163K2023$89K$120K2024$116K$174K2025
Revenue Expenses · by fiscal year end
Financials of TERRE HAUTE QUARTER MIDGET ASSOCIATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$116,155$173,826-$57,671$2,599,141$0$2,599,141
December 31, 2024990$88,767$120,390-$31,623$2,656,812$0$2,656,812
December 31, 2023990$62,244$162,509-$100,265$2,688,435$0$2,688,435
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$102,033
Investment income
$14,122
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 fundraising fees
$0
Legal fees
$1,271
Occupancy
$56,362
Depreciation
$69,709
Program services (functional)
$156,444
Management and general (functional)
$17,382

Balance sheet and other

Total assets, start of year
$2,656,812
Total assets, end of year
$2,599,141
Total liabilities, end of year
$0
Net assets, end of year
$2,599,141
Land, buildings and equipment
$2,334,694
Net assets without donor restrictions
$2,599,141
Gross receipts
$116,155
Employees
0

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.

NameTitleHours / weekCompensation
TIM WATERMANPresident
Trustee or director
5$0
ASHLEY WOODSecretary
Trustee or director
5$0
KAYLA GOBINTreasurer
Trustee or director
5$0
990 for the year ended December 31, 2024: 3 people
NameTitleHours / weekCompensation
TIM WATERMANPresident
Trustee or director
5$0
ASHLEY WOODSecretary
Trustee or director
5$0
KAYLA GOBINTreasurer
Trustee or director
5$0
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensation
DAN WALLACEPRESIDENT
Officer
10$0
KRISSI DILLIONVICE PRESIDENT
Officer
10$0
AMBER MENDOZATREASURER
Officer
10$0

Address and contacts

Address (IRS master file)
3150 S HOUSEMAN ST, TERRE HAUTE, IN 47802-8815
In care of
% THOMAS F KING
Signed the 990
KAYLA GOBIN, Treasurer
Phone
(812) 841-8024
Return prepared by
Ryan Perkins CPA Group LLC

Mission

Provide a recreational racing league for children ages 5-16 in the Wabash Valley area to teach pride, responsibility, and accomplishment.

990 for the year ended December 31, 2025

Program accomplishments

  • Provided a recreational racing league for the youth
    Expenses $156,444

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-1914054
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,599,141
Income (IRS master file)
$116,155

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$116,155$173,826$2,599,141IRS
990December 2024$88,767$120,390$2,656,812XML
990December 2023$62,244$162,509$2,688,435XML
990December 2022$93,997$142,289$2,788,701IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 35-1914054).

Questions about TERRE HAUTE QUARTER MIDGET ASSOCIATION INC

What is the EIN of TERRE HAUTE QUARTER MIDGET ASSOCIATION INC?
The employer identification number (EIN) of TERRE HAUTE QUARTER MIDGET ASSOCIATION INC is 35-1914054.
Is TERRE HAUTE QUARTER MIDGET ASSOCIATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to TERRE HAUTE QUARTER MIDGET ASSOCIATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TERRE HAUTE QUARTER MIDGET ASSOCIATION 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 TERRE HAUTE QUARTER MIDGET ASSOCIATION INC 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 TERRE HAUTE QUARTER MIDGET ASSOCIATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who are the officers and directors of TERRE HAUTE QUARTER MIDGET ASSOCIATION INC?
The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does TERRE HAUTE QUARTER MIDGET ASSOCIATION INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $116,155, expenses of $173,826 and total assets of $2,599,141 at year end.

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