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Tri-C Karters INC FY2022 filing

Not tax-deductible

Redlands, CA501(c)(7)Recreation & Sports EIN 56-2465298Revenue $241K in FY2022

On file with the IRS1561 Cambridge Ave, 92374-3955 · Redlands, CATax-exempt since Jun 2005

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Tri-C Karters has been a mainstay of southern california karting for over 45 years, providing a family-oriented racing environment for novices and veterans alike.

501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
3 of 4
filings with a surplus
Average surplus $13K a year · 4% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 months of spending in cash; 1 to 3.
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
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
+1% vs prior year
Spent
$239K
To programs
95%
Net assets
$39K
By yearFY2020–FY2024
Revenue
$241K
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$238K
FY2022$241K
FY2023$392K
FY2024$333K
Expenses
$239K
FY2022▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$237K
FY2022$239K
FY2023$320K
FY2024$358K
Net assets
$39K
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$34K
FY2021$38K
FY2022$39K
FY2023$110K
FY2024$87K

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 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 Jun 2005.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $226K Management & general 5% · $13K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Eric Nelson
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tri-C 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

Offers family-friendly kart racing for all skill levels.

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Provided by the organization

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1 program · in their own filed words · FY2022
01

Tri-c karters has been a mainstay of southern california karting for over 45 years, providing a family-oriented racing environment for novices and veterans alike.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$241K
Ln 12
Fees for servicesLn 2g$241K
Money outPt IX
$239K
Ln 25
Programscol B$226K
Managementcol C$13K
Owns and owesPt X
$39K
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$241K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Total assetsLn 16$39K
LiabilitiesLn 26$0
Net assetsLn 32$39K
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 FY22End FY22
Cash and savingsLn 1–2$37K$39K
Total assetsLn 16$38K$39K
LiabilitiesLn 26$0$0
Net assetsLn 32$38K$39K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$62K$62K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$136$136
Depreciation, depletion and amortizationLn 22$281$281
InsuranceLn 23$23K$23K
Other expenses (24a–d)Ln 24$115K$115K
All other expensesLn 24e$36K$23K$13K
Total functional expensesLn 25$239K$226K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $333K$358K−$25K$87K 990 PDF
FY2023 $392K$320K$72K$110K 990 PDF
FY2022 Viewing $241K$239K$2K$39K 990 PDF
FY2021 $238K$237K$1K$38K 990 PDF
FY2020 $194K$34K 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 FY2022 990 (6 parts)
Part I · Summary $240,807 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $237,664$240,807
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $237,664$240,807
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 expensesPrior year $236,515$238,989
I-18 Total expensesPrior year $236,515$238,989
I-19 Revenue less expensesPrior year $1,149$1,818
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $240,807 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $240,807$240,807
VIII-12 Total revenueRelated to mission $240,807$240,807
Part IX · Statement of functional expenses $238,989 across 7 lines filed
IX-11g Other fees for servicesPrograms $61,975$61,975
IX-12 Advertising and promotionPrograms $2,667$2,667
IX-13 Office expensesManagement $136$136
IX-22 Depreciation, depletion and amortizationPrograms $281$281
IX-23 InsurancePrograms $23,101$23,101
IX-24 Other expenses (24a–d)Programs $114,708$114,708
IX-24e All other expensesPrograms $23,240 · Management $12,881$36,121
IX-25 Total functional expensesPrograms $225,972 · Management $13,017 · Fundraising $0$238,989
Part X · Balance sheet $39,395 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $37,296$39,395
X-16 Total assetsStart of year $37,577$39,395
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $37,577$39,395
X-32 Total net assets or fund balancesStart of year $37,577$39,395
X-33 Total liabilities and net assetsStart of year $37,577$39,395
Part XI · Reconciliation of net assets $39,395 net assets at year end
XI-1 Total revenue$240,807
XI-2 Total expenses$238,989
XI-3 Revenue less expenses$1,818
XI-4 Net assets at start of year$37,577
XI-10 Net assets at end of year$39,395

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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