Nonprofit · EIN 45-2727397
CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE
Tax-exempt · DEL VALLE, TX 78617
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $54,145,048 | $54,145,048 | $0 | $1,597,765 | $1,596,694 | $1,071 |
| December 31, 2023 | 990 | $62,855,633 | $62,855,632 | $1 | $1,290,431 | $1,289,360 | $1,071 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $54,145,048
- of which government grants
- $54,140,596
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $54,140,595
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,556
- Accounting fees
- $2,897
Balance sheet and other
- Total assets, start of year
- $1,290,431
- Total assets, end of year
- $1,597,765
- Total liabilities, end of year
- $1,596,694
- Net assets, end of year
- $1,071
- Gross receipts
- $54,145,048
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2011
- State of legal domicile
- TX
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 |
|---|---|---|---|
| ANNA PANOSSIAN | SECRETARY Trustee or director, Officer | 10 | $0 |
| JULIA TAYLOR | CHAIRPERSON Trustee or director, Officer | 1 | $0 |
| DREW SCHEBERLE | MEMBER Trustee or director | 1 | $0 |
| MARK BORSKEY | MEMBER Trustee or director | 1 | $0 |
| ANTHONY MILLS | MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANNA PANOSSIAN | SECRETARY Trustee or director, Officer | 10 | $0 |
| JULIA TAYLOR | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DREW SCHEBERLE | MEMBER Trustee or director | 1 | $0 |
| MARK BORSKEY | MEMBER Trustee or director | 1 | $0 |
| SYLNOVIA HOLT-RABB | EX-OFFICIO Trustee or director | 1 | $0 |
| ANTHONY MILLS | MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9201 CIRCUIT OF THE AMERICAS BLVD, DEL VALLE, TX 78617-3738
- In care of
- % WAYNE S HOLLINGSWORTH
- Principal officer (990 for 2024)
- ANNA PANOSSIAN, 9201 CIRCUIT OF THE AMERICAS BLVD, AUSTIN, TX 78617
- Signed the 990
- ANNA PANOSSIAN, SECRETARY/DIRECTOR
- Phone
- (512) 655-6280
- Return prepared by
- CHERRY BEKAERT ADVISORY LLC
Mission
THE PURPOSES OF CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE ARE TO (1) ASSIST WITH ORGANIZATION, ADMINISTATION, MANAGEMENT, PROMOTION, FACILITATION, AND OPERATION RELATED TO HOSTING THE FORMULA ONE UNITED STATES GRAND PRIX AND OTHER EVENTS, COMPETITIONS, AND ACTIVITIES AS MAY BE HOSTED BY THE CORPORATION IN THE DISCRETION OF THE BOARD OF DIRECTORS AND (2) PROMOTE THE PUBLIC INTEREST OF THE CITY OF AUSTIN, TRAVIS COUNTY, AND THE STATE OF TEXAS.
Program accomplishments
- THE ORGANIZATION'S PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE: ASSISTING WITH THE APPLICATION, ORGANIZATION, ADMINISTRATION, MANAGEMENT, QUALIFICATION, PROMOTION, FACILITATION, AND OPERATION RELATED TO HOSTING THE FORMULA 1 UNITED STATES GRAND PRIX, AND OTHER EVENTS, COMPETITIONS, AND ACTIVITIES, AND PROCESSING REIMBURSEMENT AND OBTAINING REIMBURSEMENTS FROM THE STATE OF TEXAS UNDER THE STATE'S EVENTS TRUST FUND (TEXAS GOVERNMENT CODE CHAPTER 480).
- N/A
- N/A
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
- 45-2727397
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $1,597,765
- Income (IRS master file)
- $54,145,048
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $54,145,048 | $54,145,048 | $1,597,765 | IRS |
| 990 | December 2023 | $62,855,633 | $62,855,632 | $1,290,431 | XML |
| 990 | December 2022 | $29,370,475 | $29,370,475 | $2,475,880 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 45-2727397).
Questions about CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE
- What is the EIN of CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE?
- The employer identification number (EIN) of CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE is 45-2727397.
- Is CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2013.
- Are donations to CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE 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 CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE 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 CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE 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 CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE?
- The 990 for the year ended December 31, 2024 names ANNA PANOSSIAN.
- Who are the officers and directors of CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does CIRCUIT EVENTS LOCAL ORGANIZING COMMITTEE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $54,145,048, expenses of $54,145,048 and total assets of $1,597,765 at year end.
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All nonprofits in DEL VALLE · Texas · Community improvement and capacity building