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Nonprofit · EIN 84-5085015

ARKANSAS ELITE BARREL RACING INC

Tax-exempt · FORT SMITH, AR 72901

Financials

$305K$299K2023$338K$401K2024
Revenue Expenses · by fiscal year end
Financials of ARKANSAS ELITE BARREL RACING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$338,298$401,171-$62,873$24,673$40,000-$15,327
December 31, 2023990$304,798$298,838$5,960$47,546$0$47,546
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$338,298
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$392,421
Management and general (functional)
$8,750

Balance sheet and other

Total assets, start of year
$47,546
Total assets, end of year
$24,673
Total liabilities, end of year
$40,000
Net assets, end of year
-$15,327
Net assets without donor restrictions
-$15,327
Gross receipts
$338,298
Employees
0
Year formed
2020
State of legal domicile
AR

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 / weekCompensation
JENNIFER GODFREYSECRETARY
Trustee or director, Officer
15$0
ALLISON HOLLANDDIRECTOR
Trustee or director, Officer
2$0
BEN HOLLANDPRESIDENT
Trustee or director, Officer
10$0
MICHELLE MCCARTNEYDIRECTOR
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
JENNIFER GODFREYSECRETARY
Trustee or director, Officer
15$0
ALLISON HOLLANDDIRECTOR
Trustee or director, Officer
2$0
BEN HOLLANDPRESIDENT
Trustee or director, Officer
10$0
MICHELLE MCCARTNEYDIRECTOR
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
4801 WHEELER AVE, FORT SMITH, AR 72901-7827
Mailing address (990-N for 2020)
6707 E HIGHWAY 252, GREENWOOD AR 72936
Principal officer (990 for 2024)
JENNIFER GODFREY, 6707 E HWY 252, GREENWOOD, AR 72936
Principal officer (990-N for 2020)
JENNIFER GODFREY, 6707 E HIGHWAY 252, GREENWOOD AR 72936
Signed the 990
JENNIFER GODFREY, SECRETARY
Phone
(479) 221-3007
Return prepared by
LEDING & HOGAN CPA'S PA

Mission

QUALIFY EVERY ARKANSAS (SURROUNDING) BARREL RACER REGARDLESS OF AGE OR PERFORMANCE LEVEL WITH ONE PRODUCER RAN WEEKLY SERIES, WEEKDAY JACKPOT, OR WEEKEND RACE QUALIFIER AT A TIME.

990 for the year ended December 31, 2024

Program accomplishments

  • QUALIFY EVERY ARKANSAS (SURROUNDING) BARREL RACER REGARDLESS OF AGE OR PERFORMANCE LEVEL WITH ONE PRODUCER RAN WEEKLY SERIES, WEEKDAY JACKPOT, OR WEEKEND RACE QUALIFIER AT A TIME.
    Expenses $392,421 · revenue $338,298

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 on file

IRS record

EIN
84-5085015
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
2020
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$24,673
Income (IRS master file)
$338,298

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$338,298$401,171$24,673XML
990December 2023$304,798$298,838$47,546XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-N for 2020
Officer: JENNIFER GODFREY
December 31, 2020≤ $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 84-5085015).

Questions about ARKANSAS ELITE BARREL RACING INC

What is the EIN of ARKANSAS ELITE BARREL RACING INC?
The employer identification number (EIN) of ARKANSAS ELITE BARREL RACING INC is 84-5085015.
Is ARKANSAS ELITE BARREL RACING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
Are donations to ARKANSAS ELITE BARREL RACING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ARKANSAS ELITE BARREL RACING 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 ARKANSAS ELITE BARREL RACING 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 ARKANSAS ELITE BARREL RACING 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 ARKANSAS ELITE BARREL RACING INC?
The 990 for the year ended December 31, 2024 names JENNIFER GODFREY.
Who are the officers and directors of ARKANSAS ELITE BARREL RACING INC?
The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does ARKANSAS ELITE BARREL RACING INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $338,298, expenses of $401,171 and total assets of $24,673 at year end.

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