Nonprofit · EIN 38-2262341
INTERNATIONAL 500 PROJECT INC
Tax-exempt · SAULT S MARIE, MI 49783
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $515,385 | $469,494 | $45,891 | $449,988 | $37,189 | $412,799 |
| June 30, 2024 | 990 | $472,087 | $437,115 | $34,972 | $428,259 | $58,890 | $369,369 |
| June 30, 2023 | 990 | $423,461 | $357,631 | $65,830 | $395,695 | $133,141 | $262,554 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,667
- Program service revenue
- $467,085
- Investment income
- $1,554
- Net income from sales of inventory
- $42,658
- Other revenue
- $43,079
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,419
- Travel
- $21,305
- Depreciation
- $12,106
- Program services (functional)
- $466,357
- Management and general (functional)
- $3,137
Balance sheet and other
- Total assets, start of year
- $428,259
- Total assets, end of year
- $449,988
- Total liabilities, end of year
- $37,189
- Net assets, end of year
- $412,799
- Land, buildings and equipment
- $289,228
- Net assets without donor restrictions
- $412,799
- Gross receipts
- $550,498
- Employees
- 0
- Volunteers
- 250
- Year formed
- 1980
- State of legal domicile
- MI
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RAY BELL | BOARD MEMBER Trustee or director | – | $0 |
| DAN BUHRO | CO-CHAIR Trustee or director | – | $0 |
| SCOTT DRZEWIECKI | BOARD MEMBER Trustee or director | – | $0 |
| RIC FEDERAU | GENERAL CHAI Trustee or director | – | $0 |
| WES JOURDEN | BOARD MEMBER Trustee or director | – | $0 |
| JAMES KAY | BOARD MEMBER Trustee or director | – | $0 |
| BRENT KOHN | BOARD MEMBER Trustee or director | – | $0 |
| RYAN KOSTANOWICZ | BOARD MEMBER Trustee or director | – | $0 |
| DAVE THOMAS | TREASURER & Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BABCOCK | BOARD MEMBER Trustee or director | – | $0 |
| RAY BELL | BOARD MEMBER Trustee or director | – | $0 |
| CARRI BRADLEY | 1ST VICE GEN Trustee or director | – | $0 |
| DAN BUHRO | 2ND VICE GEN Trustee or director | – | $0 |
| RIC FEDERAU | GENERAL CHAI Trustee or director | – | $0 |
| WES JOURDEN | BOARD MEMBER Trustee or director | – | $0 |
| RYAN KOSTANOWICZ | BOARD MEMBER Trustee or director | – | $0 |
| DAVE THOMAS | TREASURER & Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RIC FEDEREAU | CHAIRMAN Officer | 20 | $0 |
| DAVID THOMAS | TREASURER Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 500, SAULT S MARIE, MI 49783-0500
- Principal officer (990 for 2024)
- DAVE THOMAS, PO BOX 500, SAULT STE MARIE, MI 49783
- Signed the 990
- DAVE THOMAS, TREASURER & BOARD
- Phone
- (906) 630-5497
- Website
- I-500.COM
- Return prepared by
- ANDERSONTACKMAN & COMPANY PLC
Mission
THE OBJECTIVE OF THE ORGANIZATION SHALL BE TO PROMOTE THE SPORT OF SNOWMOBILING BY ORGANIZING AND PROMOTION OF A MAJOR LONG DISTANCE SNOWMOBILE RACE IN SAULT STE MARIE, MICHIGAN.
Program accomplishments
- ANNUAL SNOWMOBILE RACEExpenses $466,357 · revenue $467,085
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 38-2262341
- 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
- 2019
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $449,988
- Income (IRS master file)
- $550,498
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $515,385 | $469,494 | $449,988 | XML |
| 990 | June 2024 | $472,087 | $437,115 | $428,259 | XML |
| 990 | June 2023 | $423,461 | $357,631 | $395,695 | XML |
| 990 | June 2022 | $361,876 | $284,564 | $300,874 | IRS |
| 990 | June 2021 | – | – | – | 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 38-2262341).
Questions about INTERNATIONAL 500 PROJECT INC
- What is the EIN of INTERNATIONAL 500 PROJECT INC?
- The employer identification number (EIN) of INTERNATIONAL 500 PROJECT INC is 38-2262341.
- Is INTERNATIONAL 500 PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to INTERNATIONAL 500 PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL 500 PROJECT 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 INTERNATIONAL 500 PROJECT INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL 500 PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of INTERNATIONAL 500 PROJECT INC?
- The 990 for the year ended June 30, 2025 names DAVE THOMAS.
- Who are the officers and directors of INTERNATIONAL 500 PROJECT INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does INTERNATIONAL 500 PROJECT INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $515,385, expenses of $469,494 and total assets of $449,988 at year end.
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All nonprofits in SAULT S MARIE · Michigan · Recreation and sports