Nonprofit · EIN 88-0093380
RENO AIR RACINGS ASSOCIATION INC
Tax-exempt · RENO, NV 89511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,678,394 | $3,157,834 | -$479,440 | $4,270,029 | $988,535 | $3,281,494 |
| December 31, 2023 | 990 | $10,693,789 | $6,617,895 | $4,075,894 | $4,417,627 | $656,693 | $3,760,934 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $624,372
- of which government grants
- $46,937
- Program service revenue
- $1,994,545
- Investment income
- $167,115
- Net rental income
- -$107,638
- Net gain from sales of assets
- $10,250
- Other revenue
- -$107,638
Expenses
- Grants and similar amounts paid
- $105,083
- Compensation of officers, directors and key employees
- $111,393
- Other salaries and wages
- $199,953
- Salaries, compensation and benefits (total)
- $351,504
- Professional fundraising fees
- $0
- Legal fees
- $23,512
- Accounting fees
- $5,945
- Occupancy
- $72,615
- Travel
- $278,672
- Depreciation
- $10,662
- Program services (functional)
- $2,372,957
- Management and general (functional)
- $784,877
Balance sheet and other
- Total assets, start of year
- $4,417,627
- Total assets, end of year
- $4,270,029
- Total liabilities, end of year
- $988,535
- Net assets, end of year
- $3,281,494
- Land, buildings and equipment
- $28,748
- Gross unrelated business income
- $5,250
- Gross receipts
- $2,867,869
- Employees
- 16
- Volunteers
- 750
- Year formed
- 1964
- State of legal domicile
- NV
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 | Other / benefits |
|---|---|---|---|---|
| Tony Logoteta | President/Chief Operating Officer Trustee or director, Officer | 50 | $97,813 | $13,581 |
| Frederick Telling | Chairman/CEO Trustee or director, Officer | 25 | $0 | $0 |
| Terry Matter | Vice Chair Trustee or director, Officer | 12 | $0 | $0 |
| Joey Scolari | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Mark Bailey | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Mary Beth Sewald | Director Trustee or director | 3 | $0 | $0 |
| Fay Gregory | Director (Until Mar '24) Trustee or director | 3 | $0 | $0 |
| Todd Donahue | Director Trustee or director | 3 | $0 | $0 |
| Bobbi Thompson | Director Trustee or director | 3 | $0 | $0 |
| Tony Marini | Director Trustee or director | 3 | $0 | $0 |
| Sue Gardner | Director Trustee or director | 3 | $0 | $0 |
| William Freeman | Director (Until Nov '24) Trustee or director | 3 | $0 | $0 |
| Jon Hitchcock | Director (As of Oct '24) Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Tony Logoteta | Chief Operating Officer Trustee or director, Officer | 50 | $101,479 | $13,553 |
| Frederick Telling | Chairman/CEO Trustee or director, Officer | 25 | $75,000 | $0 |
| Terry Matter | Vice Chair Trustee or director, Officer | 12 | $0 | $0 |
| Joey Scolari | Secretary Trustee or director, Officer | 5 | $0 | $0 |
| Mark Bailey | Treasurer Trustee or director, Officer | 5 | $0 | $0 |
| Mary Beth Sewald | Director Trustee or director | 3 | $0 | $0 |
| Fay Gregory | Director Trustee or director | 3 | $0 | $0 |
| Todd Donahue | Director Trustee or director | 3 | $0 | $0 |
| Bobbi Thompson | Director Trustee or director | 3 | $0 | $0 |
| Tony Marini | Director Trustee or director | 3 | $0 | $0 |
| Sue Gardner | Director Trustee or director | 3 | $0 | $0 |
| William Freeman | Director Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5301 LONGLEY LN STE 153, RENO, NV 89511-1811
- Principal officer (990 for 2024)
- Tony Logoteta, 5301 Longley Lane D-153, Reno, NV 89511
- Signed the 990
- Tony Logoteta, President & Chief Operating Officer
- Phone
- (775) 972-6663
- Website
- airrace.org
- Return prepared by
- Eide Bailly LLP
Mission
To produce a first-class air racing and air show event that celebrates and perpetuates the world's fastest motorsport. (Continued on Schedule O)Fueled by decades of success, we're committed to delivering a safe, entertaining and exhilarating experience for fans while also honoring our military, inspiring our youth and strengthening our community, economy and culture.
Program accomplishments
- The 2024 Reno Air Show hosted an audience of more than 40,000 attendees from around the country and world. Through partnerships with the Nevada Business Aviation Association (NVBAA) and Global Robot and Drone Deployment (GRADD), Reno Air Racing Association hosted over 6,000 students, free of charge, from multiple school districts at the 2024 Reno Air Show to learn about aviation first-hand in our STEM Education Discovery Zone. In addition, we provided discounted admission to military personnel and free admission to veterans groups.(Continued on Sch O) Each year the Reno Air Racing Association provides over $75,000 worth of free admission to local charities and schools through various donations, in addition to providing fundraising opportunities for numerous local profit service organizations. The Reno Air Racing Association also continued its flight scholarship program, rewarding another 16 young adults with a scholarship in 2024 to achieve their private pilot license.Expenses $2,372,957 · grants $105,083 · revenue $1,989,295
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
- 88-0093380
- 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
- 1970
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N70)
- Assets (IRS master file)
- $4,270,029
- Income (IRS master file)
- $2,867,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,678,394 | $3,157,834 | $4,270,029 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $10,693,789 | $6,617,895 | $4,417,627 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $5,115,965 | $5,320,512 | $594,544 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | 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 88-0093380).
Questions about RENO AIR RACINGS ASSOCIATION INC
- What is the EIN of RENO AIR RACINGS ASSOCIATION INC?
- The employer identification number (EIN) of RENO AIR RACINGS ASSOCIATION INC is 88-0093380.
- Is RENO AIR RACINGS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1970.
- Are donations to RENO AIR RACINGS ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RENO AIR RACINGS 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 RENO AIR RACINGS 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 RENO AIR RACINGS 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 RENO AIR RACINGS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names Tony Logoteta.
- Who are the officers and directors of RENO AIR RACINGS ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $97,813 (Tony Logoteta, President/Chief Operating Officer).
- How much revenue does RENO AIR RACINGS ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,678,394, expenses of $3,157,834 and total assets of $4,270,029 at year end.
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