Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2003.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
97 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
10 people listed on the 990.
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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
Funds capital improvements at Laguna Seca Recreational Area.
This section is blank until Laguna Seca Raceway Foundation claims this page.
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$500,000 was donated to friends of laguna seca (operator of laguna seca raceway under a concession agreement with the county of monterey, owner of the laguna seca recreation area). The donation was earmarked for completion of the renovation of the timing and scoring tower at the raceway know as the trilon.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $394K | $83K |
| InvestmentsLn 11–13 | $327K | $147K |
| Total assetsLn 16 | $721K | $231K |
| LiabilitiesLn 26 | $0 | $0 |
| Net assetsLn 32 | $721K | $231K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $500K | $500K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Investment management feesLn 11f | $2K | $2K | ||
| Other fees for servicesLn 11g | $1K | $1K | ||
| Advertising and promotionLn 12 | $300 | $300 | ||
| Office expensesLn 13 | $850 | $850 | ||
| Information technologyLn 14 | $835 | $835 | ||
| OccupancyLn 16 | $2K | $2K | ||
| InsuranceLn 23 | $2K | $931 | $931 | |
| Total functional expensesLn 25 | $515K | $502K | $13K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $22K | $515K | −$493K | $231K | 990 PDF |
| FY2024 | $726K | $515K | $210K | $721K | 990 PDF |
| FY2023 | $88K | $34K | $54K | $500K | 990 PDF |
| FY2022 | $313K | $16K | $297K | $433K | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $21,602 across 6 lines filed
Part IX · Statement of functional expenses $515,093 across 9 lines filed
Part X · Balance sheet $230,950 assets, 7 lines filed
Part XI · Reconciliation of net assets $230,950 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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