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Woodbridge Karters INC

Not tax-deductible

Charles Town, WV501(c)(7)Mutual / membership EIN 54-1529478Revenue $167K in FY2024

On file with the IRSwoodbridgekartclub.com224 Muirfield CT, 25414-5236 · Charles Town, WVTax-exempt since May 1991

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Go kart racing for recreational purposes.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Run by 30 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $7K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
235
of 8 voting members
Looks good: 235 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$167K
-15% vs prior year
Spent
$203K
To programs
0%
Net assets
$174K
By yearFY2020–FY2024
Revenue
$167K
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2020$49K
FY2021$145K
FY2022$203K
FY2023$195K
FY2024$167K
Expenses
$203K
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2021$109K
FY2022$157K
FY2023$199K
FY2024$203K
Net assets
$174K
FY2024▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$133K
FY2021$169K
FY2022$214K
FY2023$210K
FY2024$174K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1991.

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
William Kassy
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Rodney Smith
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jonathan Tedder
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Woodbridge Karters INC executive salaries →

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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

Provides go-kart racing for fun and recreation.

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1 program · in their own filed words · FY2024
01

Go kart racing for recreational purposes

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$167K
Ln 12
Fees for servicesLn 2g$161K
Gifts and grantsLn 1h$6K
Money outPt IX
$203K
Ln 25
Owns and owesPt X
$174K
net assets · Ln 32
Cash and savingsLn 1–2$157K
Total assetsLn 16$174K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b235
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6K
Fees for servicesLn 2g$161K
Total revenueLn 12$167K
Assets in detailPt X, end of year
CashLn 1$157K
Cash and savings togetherLn 1–2$157K
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$174K
LiabilitiesLn 26$0
Net assetsLn 32$174K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$193K$157K
Land, buildings, equipmentLn 10c$17K$18K
Total assetsLn 16$210K$174K
LiabilitiesLn 26$0$0
Net assetsLn 32$210K$174K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$360
Accounting feesLn 11c$1K
Advertising and promotionLn 12$4K
Office expensesLn 13$2K
Information technologyLn 14$1K
OccupancyLn 16$137K
TravelLn 17$4K
Conferences, conventions and meetingsLn 19$1K
Depreciation, depletion and amortizationLn 22$5K
InsuranceLn 23$5K
Other expenses (24a–d)Ln 24$38K
All other expensesLn 24e$3K
Total functional expensesLn 25$203K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $167K$203K−$36K$174K 990 PDF
FY2023 $195K$199K−$4K$210K 990 PDF
FY2022 $203K$157K$45K$214K 990 PDF
FY2021 $145K$109K$36K$169K 990 PDF
FY2020 $49K$58K−$8K$133K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $166,669 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,780$5,740
I-9 Program service revenuePrior year $189,518$160,929
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $195,298$166,669
I-13 Grants and similar amounts paidPrior year $1,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,073$202,809
I-18 Total expensesPrior year $199,073$202,809
I-19 Revenue less expensesPrior year −$3,775−$36,140
Part VI · Governance 235 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members235
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $166,669 across 4 lines filed
VIII-1b Membership dues$5,740
VIII-1h Total contributions, gifts and grants$5,740
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $160,929$160,929
VIII-12 Total revenueExcluded from tax $160,929$166,669
Part IX · Statement of functional expenses $202,809 across 12 lines filed
IX-11b Legal fees$360
IX-11c Accounting fees$1,100
IX-12 Advertising and promotion$4,096
IX-13 Office expenses$2,324
IX-14 Information technology$1,035
IX-16 Occupancy$137,482
IX-17 Travel$4,143
IX-19 Conferences, conventions and meetings$1,080
IX-22 Depreciation, depletion and amortization$4,800
IX-23 Insurance$5,213
IX-24 Other expenses (24a–d)$37,780
IX-24e All other expenses$3,396
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$202,809
Part X · Balance sheet $174,199 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $192,847$156,507
X-10c Land, buildings and equipment, netStart of year $17,492$17,692
X-16 Total assetsStart of year $210,339$174,199
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $210,339$174,199
X-32 Total net assets or fund balancesStart of year $210,339$174,199
X-33 Total liabilities and net assetsStart of year $210,339$174,199
Part XI · Reconciliation of net assets $174,199 net assets at year end
XI-1 Total revenue$166,669
XI-2 Total expenses$202,809
XI-3 Revenue less expenses−$36,140
XI-4 Net assets at start of year$210,339
XI-10 Net assets at end of year$174,199

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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