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North Texas Karters INC FY2023 filing

Tax-deductible

Lewisville, TX501(c)(3)Since 1995Recreation & Sports EIN 75-2591014Revenue $217K in FY2023

On file with the IRSntkarters.com1320 Saddleback Ln, 75067-5520 · Lewisville, TXTax-exempt since Mar 2020Publicly supported — 509(a)(2)

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To encourage karting as a sport in a friendly and responsible manor, conduct karting events for both novice and expert in safe environment, provide educational instruction for proper kart maintance and driving.

501(c)(3) charity; gifts are tax-deductible.
5¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $69K a year · 25% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
5%
of spending
Concern: 5% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.6 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
311
of 311 voting members
Looks good: 311 of 311 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$217K
-30% vs prior year
Spent
$199K
To programs
5%
Net assets
$444K
By yearFY2021–FY2026
Revenue
$217K
FY2023▼ -30%
Tap a bar for its year
Revenue by fiscal year
FY2021$235K
FY2022$308K
FY2023$217K
FY2024$315K
FY2025$292K
FY2026$296K
Expenses
$199K
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2021$225K
FY2022$229K
FY2023$199K
FY2024$194K
FY2025$180K
FY2026$221K
Net assets
$444K
FY2023▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$346K
FY2022$425K
FY2023$444K
FY2024$565K
FY2025$677K
FY2026$753K

From the FY2023 Form 990 (year ending February 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Mar 2020.

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

Where the money goes

5 cents of each dollar spent went to programs.

Program services 5% · $11K Management & general 95% · $188K

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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
John Towne
President
$0Pt VII · Sec A
Luke Welker
Vice President
$0Pt VII · Sec A
See North Texas 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

North Texas Karters INC is a recreation and sports nonprofit based in Lewisville, TX, formed in 1995.

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1 program · in their own filed words · FY2022
01

Bi-annual races

Pt IX · col B

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$217K
Ln 12
Gifts and grantsLn 1h$111K
Fees for servicesLn 2g$108K
Investment incomeLn 3$43
Money outPt IX
$199K
Ln 25
Programscol B$11K
Managementcol C$188K
Owns and owesPt X
$444K
net assets · Ln 32
Cash and savingsLn 1–2$208K
Total assetsLn 16$444K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a311
IndependentVI 1b311
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$111K
Fees for servicesLn 2g$108K
Investment incomeLn 3$43
Total revenueLn 12$217K
Assets in detailPt X, end of year
CashLn 1$208K
Cash and savings togetherLn 1–2$208K
Land, buildings, equipmentLn 10c$236K
Total assetsLn 16$444K
LiabilitiesLn 26$0
Net assetsLn 32$444K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6250
Fiscal year endsHeaderFebruary
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 FY23End FY23
Cash and savingsLn 1–2$169K$208K
Land, buildings, equipmentLn 10c$256K$236K
Total assetsLn 16$425K$444K
LiabilitiesLn 26$0$0
Net assetsLn 32$425K$444K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$7K$7K
Information technologyLn 14$20K$20K
OccupancyLn 16$64K$64K
Conferences, conventions and meetingsLn 19$33K$33K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$27K$27K
Other expenses (24a–d)Ln 24$11K$11K
Total functional expensesLn 25$199K$11K$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $296K$221K$75K$753K 990 PDF
FY2025 $292K$180K$112K$677K 990 PDF
FY2024 $315K$194K$121K$565K 990 PDF
FY2023 Viewing $217K$199K$19K$444K 990 PDF
FY2022 $308K$229K$79K$425K 990 PDF
FY2021 $235K$225K$10K$346K 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 FY2023 990 (6 parts)
Part I · Summary $217,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $128,988$111,177
I-9 Program service revenuePrior year $174,664$107,651
I-10 Investment incomePrior year $23$43
I-11 Other revenuePrior year $4,763−$1,466
I-12 Total revenuePrior year $308,438$217,405
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 $229,381$198,727
I-18 Total expensesPrior year $229,381$198,727
I-19 Revenue less expensesPrior year $79,057$18,678
Part VI · Governance 311 of 311 board members independent, 3 to look at
VI-1a Voting members of the governing body311
VI-1b Independent voting members311
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 $217,405 across 6 lines filed
Lines not itemized here account for −$1,466 of total revenue; see the IRS return.
VIII-1b Membership dues$111,177
VIII-1h Total contributions, gifts and grants$111,177
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,651$107,651
VIII-3 Investment incomeRelated to mission $43$43
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $107,694$217,405
Part IX · Statement of functional expenses $198,727 across 8 lines filed
IX-12 Advertising and promotionManagement $9,757$9,757
IX-13 Office expensesManagement $6,724$6,724
IX-14 Information technologyManagement $19,647$19,647
IX-16 OccupancyManagement $63,646$63,646
IX-19 Conferences, conventions and meetingsManagement $32,990$32,990
IX-22 Depreciation, depletion and amortizationManagement $28,561$28,561
IX-23 InsuranceManagement $26,777$26,777
IX-24 Other expenses (24a–d)Programs $10,625$10,625
IX-25 Total functional expensesPrograms $10,625 · Management $188,102 · Fundraising $0$198,727
Part X · Balance sheet $444,071 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $169,150$208,368
X-10c Land, buildings and equipment, netStart of year $256,245$235,703
X-16 Total assetsStart of year $425,395$444,071
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $425,395$444,071
X-33 Total liabilities and net assetsStart of year $425,395$444,071
Part XI · Reconciliation of net assets $444,071 net assets at year end
XI-1 Total revenue$217,405
XI-2 Total expenses$198,727
XI-3 Revenue less expenses$18,678
XI-4 Net assets at start of year$425,395
XI-10 Net assets at end of year$444,071

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

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