Nonprofit · EIN 84-4017266
GRAND RAPIDS SPEEDWAY INC
Tax-exempt · GRAND RAPIDS, MN 55744
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $271,385 | $279,272 | -$7,887 | $34,428 | $0 | $34,428 |
| December 31, 2023 | 990 | $284,996 | $302,920 | -$17,924 | $42,314 | $0 | $42,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $267,081
- Investment income
- $7
- Net income from sales of inventory
- $4,297
- Other revenue
- $4,297
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $9,100
- Travel
- $470
- Depreciation
- $14,932
- Program services (functional)
- $276,150
- Management and general (functional)
- $3,122
Balance sheet and other
- Total assets, start of year
- $42,314
- Total assets, end of year
- $34,428
- Total liabilities, end of year
- $0
- Net assets, end of year
- $34,428
- Land, buildings and equipment
- $24,820
- Gross receipts
- $285,854
- Employees
- 0
- Year formed
- 2020
- State of legal domicile
- MN
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 |
|---|---|---|---|
| BOB BROKING | President Trustee or director, Officer | 5 | $0 |
| DALE LAPLANT | Vice President Trustee or director | 1 | $0 |
| GARY REAGAL | BOARD MEMBER Trustee or director | 1 | $0 |
| CALEY EMERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTY GROVER | BOARD MEMBER Trustee or director | 1 | $0 |
| JODI BROKING | Treasurer Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOB BROKING | President Trustee or director, Officer | 5 | $0 |
| DALE LAPLANT | Vice President Trustee or director | 1 | $0 |
| GARY REAGAL | BOARD MEMBER Trustee or director | 1 | $0 |
| CALEY EMERSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MARTY GROVER | BOARD MEMBER Trustee or director | 1 | $0 |
| BECKI OJA | Treasurer Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 424, GRAND RAPIDS, MN 55744-0424
- In care of
- % JULIE MACADAMS
- Principal officer (990 for 2024)
- BOB BROKING, PO Box 424, Grand Rapids, MN 55744
- Signed the 990
- BOB BROKING, President
- Phone
- (218) 259-2109
- Website
- www.grandrapidsspeedway.net
- Return prepared by
- Accurant LLC
Mission
WE THE MEMBERS OF GRAND RAPIDS SPEEDWAY INC. ARE DEDICATED IN THE PRESERVATION OF DIRT TRACK RACING IN OUR COMMUNITY. INSPIRING INTEREST IN LEARNING, CONVEY IMPORTANT VALUES OF TEAMWORK, SPORTMANSHIP AND PERSERVERANCE. PROVIDE A VARIETY OF FAMILY FRIENDLY ENTERTAINMENT FOR THE BETTERMENT OF OUR LOCAL AND ADJOINING COMMUNITIES.
Program accomplishments
- 2024 HAD MANY RACE NIGHTS AT THE TRACK, ALLOWING THOUSANDS OF OUR FANS TO ENJOY DIRT TRACK RACING AT ITS FINEST.Expenses $276,150 · revenue $271,378
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
- 84-4017266
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $34,428
- Income (IRS master file)
- $285,854
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $271,385 | $279,272 | $34,428 | XML |
| 990 | December 2023 | $284,996 | $302,920 | $42,314 | XML |
| 990 | December 2022 | $243,630 | $270,652 | $60,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 84-4017266).
Questions about GRAND RAPIDS SPEEDWAY INC
- What is the EIN of GRAND RAPIDS SPEEDWAY INC?
- The employer identification number (EIN) of GRAND RAPIDS SPEEDWAY INC is 84-4017266.
- Is GRAND RAPIDS SPEEDWAY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2021.
- Are donations to GRAND RAPIDS SPEEDWAY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GRAND RAPIDS SPEEDWAY 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 GRAND RAPIDS SPEEDWAY 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 GRAND RAPIDS SPEEDWAY 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 GRAND RAPIDS SPEEDWAY INC?
- The 990 for the year ended December 31, 2024 names BOB BROKING.
- Who are the officers and directors of GRAND RAPIDS SPEEDWAY INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does GRAND RAPIDS SPEEDWAY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $271,385, expenses of $279,272 and total assets of $34,428 at year end.
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All nonprofits in GRAND RAPIDS · Minnesota · Community improvement and capacity building