McQmrc FY2023 filing

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The organization mission is to provide a fun and safe environment for children and their families to compete in quarter midget racing, while teaching the children driving and operating skills, safety, and general sportsmanship.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-3898431) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $38K a year · 18% of revenue · last 3 filings
A surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
99% of spending went to programs.
Pt IX · Ln 25 · col B
11.0 mo
of spending, in cash
11.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
0
of 10 voting members
None of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$213K
+10% vs prior year
Spent
$174K
To programs
99%
Net assets
$160K
By yearFY2020–FY2024
Revenue
$213K
FY2023▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$110K
FY2021$209K
FY2022$194K
FY2023$213K
FY2024$214K
Expenses
$174K
FY2023▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$170K
FY2022Not on file
FY2023$174K
FY2024$178K
Net assets
$160K
FY2023▲ +33%
Tap a bar for its year
Net assets by fiscal year
FY2020$75K
FY2021$114K
FY2022$120K
FY2023$160K
FY2024$196K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $172K Management & general 1% · $2K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See McQmrc executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Teaches kids racing skills, safety, and sportsmanship in a fun, safe environment.

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1 program · $172K · in their own filed words · FY2023
01

The organization mission is to provide a fun and safe environment for children and their families to compete in quarter midget racing, while teaching the children driving and operating skills, safety, and general sportsmanship.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 26-3898431) · Dispute this line
$172Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$213K
Ln 12
Fees for servicesLn 2g$186K
Gifts and grantsLn 1h$26K
Investment incomeLn 3$550
Money outPt IX
$174K
Ln 25
Programscol B$172K
Managementcol C$2K
Owns and owesPt X
$160K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$26K
Fees for servicesLn 2g$186K
Investment incomeLn 3$550
Gains on assetsLn 7$0
Total revenueLn 12$213K
Assets in detailPt X, end of year
CashLn 1$160K
Cash and savings togetherLn 1–2$160K
Total assetsLn 16$160K
LiabilitiesLn 26$0
Net assetsLn 32$160K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$120K$160K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$120K$160K
LiabilitiesLn 26$0$0
Net assetsLn 32$120K$160K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$9K$9K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$40K$40K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$98K$98K
All other expensesLn 24e$24K$22K$2K
Total functional expensesLn 25$174K$172K$2K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Oct 18, 2025 $214K$178K$36K$196K 990 PDF
FY2023 ViewingFiled with the IRS Oct 13, 2024 $213K$174K$39K$160K 990 PDF
FY2022Filed with the IRS Oct 2, 2023 $194K$120K 990 PDF
FY2021Filed with the IRS Oct 23, 2022 $209K$170K$39K$114K 990 PDF
FY2020Filed with the IRS Oct 26, 2021 $110K$75K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $213,298 revenue, 12 lines filed
I-8 Contributions and grants$26,439
I-9 Program service revenue$186,309
I-10 Investment income$550
I-11 Other revenue$0
I-12 Total revenue$213,298
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$173,890
I-18 Total expenses$173,890
I-19 Revenue less expenses$39,408
Part VI · Governance 0 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $213,298 across 10 lines filed
VIII-1b Membership dues$22,928
VIII-1f All other contributions, gifts and grants$305
VIII-1h Total contributions, gifts and grants$26,439
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $186,309$186,309
VIII-3 Investment incomeRelated to mission $550$550
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $186,859$213,298
Part IX · Statement of functional expenses $173,890 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $2,713$2,713
IX-13 Office expensesPrograms $8,958$8,958
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $40,046$40,046
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $98,278$98,278
IX-24e All other expensesPrograms $22,076 · Management $1,819$23,895
IX-25 Total functional expensesPrograms $172,071 · Management $1,819 · Fundraising $0$173,890
Part X · Balance sheet $159,686 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $120,278$159,686
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-5 Loans to officers and key people$0
X-6 Loans to other insiders$0
X-7 Notes and loans receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $120,278$159,686
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowmentStart of year $120,278$159,686
X-32 Total net assets or fund balancesStart of year $120,278$159,686
X-33 Total liabilities and net assetsStart of year $120,278$159,686
Part XI · Reconciliation of net assets $159,686 net assets at year end
XI-1 Total revenue$213,298
XI-2 Total expenses$173,890
XI-3 Revenue less expenses$39,408
XI-4 Net assets at start of year$120,278
XI-10 Net assets at end of year$159,686

Form 990 e-file FY2023 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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