Nonprofit · EIN 75-3088903
LAGUNA SECA RACEWAY FUND
Tax-exempt · MONTEREY, CA 93942
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $21,602 | $515,093 | -$493,491 | $230,950 | $0 | $230,950 |
| December 31, 2024 | 990 | $725,611 | $515,147 | $210,464 | $721,164 | $0 | $721,164 |
| December 31, 2023 | 990 | $87,780 | $33,682 | $54,098 | $500,278 | $0 | $500,278 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $2,900
- Program service revenue
- $0
- Investment income
- $18,702
- Net gain from sales of assets
- $12,283
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $500,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $5,692
- Occupancy
- $2,000
- Program services (functional)
- $501,766
- Management and general (functional)
- $13,327
Balance sheet and other
- Total assets, start of year
- $721,164
- Total assets, end of year
- $230,950
- Total liabilities, end of year
- $0
- Net assets, end of year
- $230,950
- Gross receipts
- $21,602
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2002
- State of legal domicile
- CA
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 |
|---|---|---|---|
| ARTHUR COOK | PRESIDENT Trustee or director, Officer | 2.5 | $0 |
| CARL MOORE | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 |
| STEVE FIELDS RESIGNED MID-2025 | TREASURER Trustee or director, Officer | 0.5 | $0 |
| MARY SCHLEY | SECRETARY Trustee or director, Officer | 0.4 | $0 |
| CARL ANDERSON | DIRECTOR Trustee or director | 0.25 | $0 |
| SCOTT ATHERTON | DIRECTOR Trustee or director | 0.25 | $0 |
| GORDON MCCALL | DIRECTOR Trustee or director | 0.25 | $0 |
| JON NORMAN | DIRECTOR Trustee or director | 0.25 | $0 |
| PAUL PFANNER | DIRECTOR Trustee or director | 0.25 | $0 |
| RICHARD RENARD | EXECUTIVE DIRECTOR Officer | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARTHUR COOK | PRESIDENT Trustee or director, Officer | 1.92 | $0 |
| CARL MOORE | VICE PRESIDENT Trustee or director, Officer | 0.19 | $0 |
| STEVE FIELDS | TREASURER Trustee or director, Officer | 1.15 | $0 |
| MARY SCHLEY | SECRETARY Trustee or director, Officer | 0.38 | $0 |
| RICHARD RENARD | EXECUTIVE DIRECTOR Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSS MERRILL | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| NED SPIEKER | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| STEVE FIELDS | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ARTHUR COOK | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| CARL ANDERSON | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL PFANNER | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT ATHERTON | DIRECTOR Trustee or director | 0.5 | $0 |
| MARTIN LAUBER | DIRECTOR Trustee or director | 0.5 | $0 |
| GORDON MCCALL | DIRECTOR Trustee or director | 0.5 | $0 |
| CARL MOORE | DIRECTOR Trustee or director | 0.5 | $0 |
| JON NORMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| MARY SCHLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| RICHARD RENARD | EXECUTIVE DIRECTOR Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2538, MONTEREY, CA 93942-2538
- In care of
- % JIM HARRIS
- Mailing address (990-N for 2021)
- PO BOX 2538, MONTEREY CA 93942
- Principal officer (990 for 2025)
- ARTHUR COOK, PO BOX 2538, MONTEREY, CA 93942
- Principal officer (990-N for 2021)
- Ross Merrill, PO BOX 2538, MONTEREY CA 93942
- Signed the 990
- ARTHUR COOK, PRESIDENT
- Phone
- (213) 700-5422
- Website
- WWW.LSRFND.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 75-3088903 or by the name LAGUNA SECA RACEWAY FUND.
- 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
LAGUNA SECA RACEWAY FOUNDATION RAISES FUNDS FOR CAPITAL IMPROVEMENTS AT THE LAGUNA SECA RECREATIONAL AREA TO HELP IMPROVE THE OVERALL PARTICIPANT AND SPECTATOR EXPERIENCE FOR THE BENEFIT OF THE ENTIRE COMMUNITY OF MONTEREY COUNTY.
Program accomplishments
- $500,000 WAS DONATED TO FRIENDS OF LAGUNA SECA (OPERATOR OF LAGUNA SECA RACEWAY UNDER A CONCESSION AGREEMENT WITH THE COUNTY OF MONTEREY, OWNER OF THE LAGUNA SECA RECREATION AREA). THE DONATION WAS EARMARKED FOR COMPLETION OF THE RENOVATION OF THE TIMING AND SCORING TOWER AT THE RACEWAY KNOW AS THE TRILON.Expenses $501,766 · grants $500,000
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 75-3088903
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Recreation and sports (N113)
- Assets (IRS master file)
- $230,950
- Income (IRS master file)
- $21,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $21,602 | $515,093 | $230,950 | XML |
| 990 | December 2024 | $725,611 | $515,147 | $721,164 | IRS |
| 990 | December 2023 | $87,780 | $33,682 | $500,278 | XML |
| 990 | December 2022 | $312,710 | $15,666 | $433,473 | IRS |
| 990-N for 2021 Officer: Ross Merrill | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: BILL REICHMUTH | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: KENNETH SCHLEY | 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 75-3088903).
Questions about LAGUNA SECA RACEWAY FUND
- What is the EIN of LAGUNA SECA RACEWAY FUND?
- The employer identification number (EIN) of LAGUNA SECA RACEWAY FUND is 75-3088903.
- Is LAGUNA SECA RACEWAY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LAGUNA SECA RACEWAY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAGUNA SECA RACEWAY FUND file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of LAGUNA SECA RACEWAY FUND 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 LAGUNA SECA RACEWAY FUND 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 LAGUNA SECA RACEWAY FUND?
- The 990 for the year ended December 31, 2025 names ARTHUR COOK.
- Who are the officers and directors of LAGUNA SECA RACEWAY FUND?
- The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does LAGUNA SECA RACEWAY FUND have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $21,602, expenses of $515,093 and total assets of $230,950 at year end.
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All nonprofits in MONTEREY · California · Recreation and sports