Nonprofit · EIN 68-0443543
CHECKERED FLAG RACING ASSOCIATION
Tax-exempt · SAN JOSE, CA 95118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990-EZ | $124,545 | $130,301 | -$5,756 | $20,984 | – | $20,984 |
| September 30, 2024 | 990-EZ | $109,233 | $140,262 | -$31,029 | $26,740 | – | $26,740 |
| September 30, 2023 | 990-EZ | $96,787 | $96,238 | $549 | $57,769 | – | $57,769 |
Financial details: 990-EZ for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Membership dues
- $124,540
- Program service revenue
- $0
- Investment income
- $5
Expenses
- Compensation of officers, directors and key employees
- $0
- Other expenses
- $130,301
Balance sheet and other
- Total assets, start of year
- $26,740
- Total assets, end of year
- $20,984
- Total liabilities, end of year
- –
- Net assets, end of year
- $20,984
- Cash, savings and investments
- $20,984
- Gross receipts
- $124,545
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAREN PASSOLT | PRESIDENT/CEO | 30 | $0 |
990-EZ for the year ended September 30, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAREN PASSOLT | PRESIDENT/CEO | 30 | $0 |
990-EZ for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ED KORNEGAY | PRESIDENT/CEO | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 1177 BRANHAM LANE 335, SAN JOSE, CA 95118-3766
- In care of
- % EDWARD KORNEGAY
- Signed the 990-EZ
- DAREN PASSOLT, PRESIDENT
- Phone
- (916) 390-7138
- Return prepared by
- Particia A Beckham
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0443543 or by the name CHECKERED FLAG RACING ASSOCIATION.
- 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
ROAD RACE TRACK DRIVING EVENTS
Program accomplishments
- Performance driving events were held at Laguna Seca, CA,Sonoma Raceway, Sonoma Ca., and Thunderhill Raceway,Willows, CA for the benefit of all members who participated in 3 groups.
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990-EZ on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990-EZ on file |
IRS record
- EIN
- 68-0443543
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 2000
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N50)
- Assets (IRS master file)
- $20,984
- Income (IRS master file)
- $124,545
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | September 2025 | $124,545 | $130,301 | $20,984 | XML |
| 990-EZ | September 2024 | $109,233 | $140,262 | $26,740 | XML |
| 990-EZ | September 2023 | $96,787 | $96,238 | $57,769 | XML |
| 990-EZ | September 2022 | – | – | – | IRS |
| 990-EZ | September 2021 | – | – | – | IRS |
| 990-EZ | September 2020 | – | – | – | IRS |
| 990-EZ | September 2019 | – | – | – | IRS |
| 990-EZ | September 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 68-0443543).
Questions about CHECKERED FLAG RACING ASSOCIATION
- What is the EIN of CHECKERED FLAG RACING ASSOCIATION?
- The employer identification number (EIN) of CHECKERED FLAG RACING ASSOCIATION is 68-0443543.
- Is CHECKERED FLAG RACING ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 2000.
- Are donations to CHECKERED FLAG RACING ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHECKERED FLAG RACING 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 CHECKERED FLAG RACING ASSOCIATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHECKERED FLAG RACING ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended September 2025.
- Who are the officers and directors of CHECKERED FLAG RACING ASSOCIATION?
- The 990-EZ for the year ended September 30, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does CHECKERED FLAG RACING ASSOCIATION have?
- On its 990-EZ for the year ended September 30, 2025 it reported revenue of $124,545, expenses of $130,301 and total assets of $20,984 at year end.
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