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Nonprofit · EIN 81-2822543

FRIENDS OF LAGUNA SECA

Tax-exempt · SALINAS, CA 93908

Financials

$16.4M$6.6M2024
Revenue Expenses · by fiscal year end
Financials of FRIENDS OF LAGUNA SECA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$16,366,704$6,645,382$9,721,322$10,969,174$1,247,852$9,721,322
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$10,040,748
Program service revenue
$6,408,241
Investment income
$98,979
Net income from sales of inventory
-$181,264
Other revenue
-$181,264

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$401,997
Other salaries and wages
$1,212,968
Salaries, compensation and benefits (total)
$1,932,828
Professional fundraising fees
$0
Legal fees
$309,408
Occupancy
$149,311
Travel
$7,371
Program services (functional)
$4,607,941
Management and general (functional)
$2,006,914
Fundraising (functional)
$30,527

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$10,969,174
Total liabilities, end of year
$1,247,852
Net assets, end of year
$9,721,322
Land, buildings and equipment
$13,170
Net assets without donor restrictions
$9,721,322
Gross receipts
$16,895,156
Employees
71
Volunteers
100
Year formed
2016
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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JOHN NARIGIGENERAL MANAGER
Highest-paid employee
40$271,683$0
KEVIN ALLENCFO
Officer
40$191,720$15,903
LAURI EBERHARTCEO
Officer
40$194,382$0
APRIL HENDERSONVP OF EVENTS
Highest-paid employee
40$152,299$8,047
BARRY TOEPKEVP COMMUNICATIONS
Highest-paid employee
40$146,441$0
JEANIE SUMNERSVP OF MARKETING
Highest-paid employee
40$117,381$14,185
GAYLE DAVIESVP OF BUSINESS ADMIN
Highest-paid employee
40$113,000$13,659
ROSS MERRILLPRESIDENT
Trustee or director, Officer
8$0$0
BRUCE CANEPAVICE PRESIDENT
Trustee or director, Officer
8$0$0
JASON RETTERERSECRETARY/TREASURER
Trustee or director, Officer
2$0$0
JONATHAN FEIBERDIRECTOR
Trustee or director
2$0$0
GORDON MCCALLDIRECTOR
Trustee or director
2$0$0
NED SPIEKERDIRECTOR
Trustee or director
2$0$0

Address and contacts

Address (IRS master file)
18900 PORTOLA DRIVE, SALINAS, CA 93908-1268
Mailing address (990-N for 2023)
18900 PORTOLA DR, SALINAS CA 93908
Principal officer (990 for 2024)
ROSS MERRILL, 18900 PORTOLA DRIVE, SALINAS, CA 93908
Principal officer (990-N for 2023)
ROSS MERRILL, 18900 PORTOLA DR, SALINAS CA 93908
Signed the 990
ROSS MERRILL, PRESIDENT
Phone
(831) 242-8201
Return prepared by
CLIFTONLARSONALLEN LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 81-2822543 or by the name FRIENDS OF LAGUNA SECA.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

RESTORE AND REVITALIZE THIS ICONIC RACING AND RECREATION ASSET TO CREATE THE NEXT GREAT WORLD ATTRACTION TO STAND ALONGSIDE OTHER AREA ECONOMIC DRIVERS INCLUDING: CANNERY ROW, THE MONTEREY BAY AQUARIUM, PEBBLE BEACH, AND CARMEL BY THE SEA. PRESERVE THE HISTORIC RACING LEGACY, AND CREATE A PATH TO SUCCESS, ENSURING THAT LAGUNA SECA REMAINS A VITAL ENGINE TO THE LOCAL ECONOMY AND OUR VOLUNTEER-DRIVEN ORGANIZATIONS.

990 for the year ended December 31, 2024

Program accomplishments

  • SEAMLESSLY TRANSITION OPERATIONS TO FLS AND IMMEDIATELY BEGIN THE PROCESS OF ENHANCING AND IMPROVING SERVICES TO VISITORS OF LSRA, IN AN ABIDING SENSE OF DUTY TO THE COMMUNITY. WE THEN BEGIN TO FULFILL THE $50 MILLION DOLLAR COMMITMENT THROUGH REVENUES DERIVED FROM DONATIONS, NET OPERATING INCOME, SPONSORSHIPS AND MEANINGFUL NEW PARTNERSHIPS WITH MOTORSPORTS, TECHNOLOGY, AND LOCAL INDUSTRIES.
    Expenses $4,607,941 · revenue $6,226,977

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
81-2822543
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
2016
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,969,174
Income (IRS master file)
$16,895,156

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$16,366,704$6,645,382$10,969,174XML
990-N for 2023
Officer: ROSS MERRILL
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: ROSS MERRILL
December 31, 2022≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: ROSS MERRILL
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: ROSS MERRILL
December 31, 2019≤ $50,000 receipts––e-Postcard
990-EZDecember 2018–––IRS
990-EZDecember 2017–––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 81-2822543).

Questions about FRIENDS OF LAGUNA SECA

What is the EIN of FRIENDS OF LAGUNA SECA?
The employer identification number (EIN) of FRIENDS OF LAGUNA SECA is 81-2822543.
Is FRIENDS OF LAGUNA SECA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to FRIENDS OF LAGUNA SECA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FRIENDS OF LAGUNA SECA 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 FRIENDS OF LAGUNA SECA 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 FRIENDS OF LAGUNA SECA 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 FRIENDS OF LAGUNA SECA?
The 990 for the year ended December 31, 2024 names ROSS MERRILL.
Who are the officers and directors of FRIENDS OF LAGUNA SECA?
The 990 for the year ended December 31, 2024 lists 13 people; 7 received compensation from the organization, the highest $271,683 (JOHN NARIGI, GENERAL MANAGER).
How much revenue does FRIENDS OF LAGUNA SECA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $16,366,704, expenses of $6,645,382 and total assets of $10,969,174 at year end.

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