Nonprofit · EIN 81-0440413
LOST CREEK RACEWAY ASSOCIATION INC
Tax-exempt · BUTTE, MT 59702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $178,031 | $161,764 | $16,267 | $114,799 | $30,330 | $84,469 |
| December 31, 2023 | 990 | $146,042 | $148,372 | -$2,330 | $108,413 | $40,211 | $68,202 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $31,726
- Program service revenue
- $111,297
- Investment income
- $23
- Net income from fundraising events
- $9,046
- Net income from sales of inventory
- $9,106
- Other revenue
- $34,985
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $6,045
- Salaries, compensation and benefits (total)
- $6,491
- Professional fundraising fees
- $0
- Accounting fees
- $648
- Occupancy
- $15,440
- Travel
- $4,810
- Depreciation
- $9,712
- Program services (functional)
- $128,592
- Management and general (functional)
- $33,172
Balance sheet and other
- Total assets, start of year
- $108,413
- Total assets, end of year
- $114,799
- Total liabilities, end of year
- $30,330
- Net assets, end of year
- $84,469
- Land, buildings and equipment
- $65,364
- Gross receipts
- $207,664
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2016
- State of legal domicile
- MT
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 |
|---|---|---|---|
| MICHAEL N HALL | PRESIDENT Officer | 20 | $0 |
| SUZANNE HALL | TREASURER Officer | 25 | $0 |
| GEORGE PAMENTER III | DIRECTOR Trustee or director | 15 | $0 |
| RYAN GARNER | VICE-PRESIDENT Officer | 10 | $0 |
| RAYMOND HARSHBARGER | DIRECTOR Trustee or director | 10 | $0 |
| SANDY GARNER | SECRETARY Officer | – | $0 |
| ZACH BREEN | DIRECTOR Trustee or director | – | $0 |
| AARON HILL | DIRECTOR Trustee or director | – | $0 |
| WADE HADD | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL N HALL | PRESIDENT Officer | 20 | $0 |
| TRACY POTVIN | VICE-PRESIDENT Officer | 20 | $0 |
| SUZANNE HALL | TREASURER Officer | 25 | $0 |
| GEORGE PAMENTER III | DIRECTOR Trustee or director | 15 | $0 |
| JJ POTVIN | SECRETARY Officer | 10 | $0 |
| RYAN GARNER | DIRECTOR Trustee or director | 10 | $0 |
| RAYMOND HARSHBARGER | DIRECTOR Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3812, BUTTE, MT 59702-3812
- Principal officer (990 for 2024)
- SUZANNE HALL, 1125 MOTOR VIEW DRIVE, BUTTE, MT 59701
- Signed the 990
- SUZANNE HALL, TREASURER
- Phone
- (406) 491-4403
- Return prepared by
- MARK RULE & COMPANY
Mission
LOST CREEK RACEWAY ASSOCIATION FEATURED 20 RACE DAYS DURING 2021 AVERAGING 50-60 CARS PER RACE. PRIOR TO EACH RACE, THE ASSOCIATION HOSTS A SERIES OF TECHNICAL SAFETY SEMINARS IN PROMOTION OF AN AFFORDABLE SAFE-RACE ATMOSPHERE. THESE SAFETY EVENTS ARE OFFERED IN AN ATTEMPT TO KEEP ILLEGAL DRAG RACING OFF OF OUR STREETS AND HIGHWAYS.
Program accomplishments
- PROMOTION OF AUTOMOBILE RACING AND SAFETY PROVIDING A SAFE AND CONTROLLED ENVIRONMENT TO ALL MEN, WOMAN, AND CHILDREN.Expenses $128,592
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
- 81-0440413
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N60)
- Assets (IRS master file)
- $114,799
- Income (IRS master file)
- $207,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $178,031 | $161,764 | $114,799 | XML |
| 990 | December 2023 | $146,042 | $148,372 | $108,413 | XML |
| 990 | December 2022 | $173,434 | $172,712 | $129,686 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | 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 81-0440413).
Questions about LOST CREEK RACEWAY ASSOCIATION INC
- What is the EIN of LOST CREEK RACEWAY ASSOCIATION INC?
- The employer identification number (EIN) of LOST CREEK RACEWAY ASSOCIATION INC is 81-0440413.
- Is LOST CREEK RACEWAY ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to LOST CREEK RACEWAY ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LOST CREEK RACEWAY 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 LOST CREEK RACEWAY ASSOCIATION INC 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 LOST CREEK RACEWAY ASSOCIATION INC 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 LOST CREEK RACEWAY ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names SUZANNE HALL.
- Who are the officers and directors of LOST CREEK RACEWAY ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LOST CREEK RACEWAY ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $178,031, expenses of $161,764 and total assets of $114,799 at year end.
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