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North Texas Karters INC FY2025 filing

Tax-deductible

Lewisville, TX501(c)(3)Since 1995Recreation & Sports EIN 75-2591014Revenue $292K in FY2025

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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2025 · 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
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: 8.8 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
310
of 310 voting members
Looks good: 310 of 310 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
-7% vs prior year
Spent
$180K
To programs
0%
Net assets
$677K
By yearFY2021–FY2026
Revenue
$292K
FY2025▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2021$235K
FY2022$308K
FY2023$217K
FY2024$315K
FY2025$292K
FY2026$296K
Expenses
$180K
FY2025▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2021$225K
FY2022$229K
FY2023$199K
FY2024$194K
FY2025$180K
FY2026$221K
Net assets
$677K
FY2025▲ +20%
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 FY2025 Form 990 (year ending February 2025) · see the original

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You’re viewing the FY2025 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

What each dollar paid for.

Management & general 100% · $180K

Form 990 Part IX, line 25. 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 (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Allen Bradley
President
$0Pt VII · Sec A
Matt Broderick
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 · FY2024
01

Bi-Annual Races

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$292K
Ln 12
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$87K
Investment incomeLn 3$478
Money outPt IX
$180K
Ln 25
Managementcol C$180K
Owns and owesPt X
$677K
net assets · Ln 32
Cash and savingsLn 1–2$131K
Total assetsLn 16$677K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a310
IndependentVI 1b310
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$87K
Investment incomeLn 3$478
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$131K
Cash and savings togetherLn 1–2$131K
Land, buildings, equipmentLn 10c$545K
Total assetsLn 16$677K
LiabilitiesLn 26$0
Net assetsLn 32$677K
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 FY25End FY25
Cash and savingsLn 1–2$358K$131K
Land, buildings, equipmentLn 10c$208K$545K
Total assetsLn 16$565K$677K
LiabilitiesLn 26$0$0
Net assetsLn 32$565K$677K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$786$786
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$16K$16K
Information technologyLn 14$6K$6K
OccupancyLn 16$56K$56K
Conferences, conventions and meetingsLn 19$29K$29K
Depreciation, depletion and amortizationLn 22$30K$30K
InsuranceLn 23$21K$21K
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$180K$0$180K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $296K$221K$75K$753K 990 PDF
FY2025 ViewingFiled with the IRS May 11, 2025 $292K$180K$112K$677K 990 PDF
FY2024Filed with the IRS May 11, 2024 $315K$194K$121K$565K 990 PDF
FY2023Filed with the IRS Jun 26, 2023 $217K$199K$19K$444K 990 PDF
FY2022Filed with the IRS Jul 4, 2022 $308K$229K$79K$425K 990 PDF
FY2021Filed with the IRS Jan 23, 2022 $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 FY2025 990 (6 parts)
Part I · Summary $291,884 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,144$206,925
I-9 Program service revenuePrior year $116,171$86,936
I-10 Investment incomePrior year $57$478
I-11 Other revenuePrior year −$3,331−$2,455
I-12 Total revenuePrior year $315,041$291,884
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 $193,729$180,190
I-18 Total expensesPrior year $193,729$180,190
I-19 Revenue less expensesPrior year $121,312$111,694
Part VI · Governance 310 of 310 board members independent, 3 to look at
VI-1a Voting members of the governing body310
VI-1b Independent voting members310
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 $291,884 across 6 lines filed
Lines not itemized here account for −$2,455 of total revenue; see the IRS return.
VIII-1b Membership dues$99,231
VIII-1h Total contributions, gifts and grants$206,925
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $86,936$86,936
VIII-3 Investment incomeRelated to mission $478$478
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $87,414 · Unrelated business $0 · Excluded from tax $0$291,884
Part IX · Statement of functional expenses $180,190 across 11 lines filed
IX-11c Accounting feesManagement $786$786
IX-11g Other fees for servicesManagement $12,693$12,693
IX-12 Advertising and promotionManagement $5,917$5,917
IX-13 Office expensesManagement $15,584$15,584
IX-14 Information technologyManagement $6,389$6,389
IX-16 OccupancyManagement $55,693$55,693
IX-19 Conferences, conventions and meetingsManagement $29,166$29,166
IX-22 Depreciation, depletion and amortizationManagement $29,526$29,526
IX-23 InsuranceManagement $21,117$21,117
IX-24 Other expenses (24a–d)Management $1,251$1,251
IX-24e All other expensesManagement $2,068$2,068
IX-25 Total functional expensesPrograms $0 · Management $180,190 · Fundraising $0$180,190
Part X · Balance sheet $676,618 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $357,540$131,404
X-10c Land, buildings and equipment, netStart of year $207,844$545,214
X-16 Total assetsStart of year $565,384$676,618
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $565,384$676,618
X-33 Total liabilities and net assetsStart of year $565,384$676,618
Part XI · Reconciliation of net assets $676,618 net assets at year end
XI-1 Total revenue$291,884
XI-2 Total expenses$180,190
XI-3 Revenue less expenses$111,694
XI-4 Net assets at start of year$565,384
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$676,618

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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