philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Laguna Seca Raceway Foundation FY2022 filing

Tax-deductible

Monterey, CA501(c)(3)Since 2002Recreation & Sports EIN 75-3088903Revenue $313K in FY2022

On file with the IRSPo Box 2538, 93942-2538 · Monterey, CATax-exempt since Apr 2003Publicly supported charity — 170(b)(1)(A)(vi)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

Laguna Seca Raceway Foundation raises funds for capital improvements at the Laguna Seca recreational area to help improve the overall participant and spectator experience for the benefit of the entire community of monterey county.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $17K a year · 6% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
192 mo
of spending, in cash
Looks good: 192.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $122K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 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
$313K
Spent
$16K
To programs
0%
Net assets
$433K
By yearFY2022–FY2025
Revenue
$313K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$313K
FY2023$88K
FY2024$726K
FY2025$22K
Expenses
$16K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$16K
FY2023$34K
FY2024$515K
FY2025$515K
Net assets
$433K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022$433K
FY2023$500K
FY2024$721K
FY2025$231K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

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

What each dollar paid for.

Management & general 100% · $16K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Arthur Cook
Secretary
$0Pt VII · Sec A
Steve Fields
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Ross Merrill
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Laguna Seca Raceway Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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.

Questions for Laguna Seca Raceway Foundation

Tap to ask. Laguna Seca Raceway Foundation sees how many people are interested.

Your first name shows with your question. Laguna Seca Raceway Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

To raise funds for capital improvement projects for laguna seca raceway. No projects were funded in 2022.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Classic Sports Racing GroupFY2024$122K
Total grants receivedfrom 1 funder$122K
Grants paid · 2 grants · $1.0M · 2024–2025
Friends of Laguna SecaCA · FY2025$500,000
Friends of Laguna SecaCA · FY2024$500,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$313K
Ln 12
Gifts and grantsLn 1h$369K
Investment incomeLn 3$4K
Money outPt IX
$16K
Ln 25
Managementcol C$16K
Owns and owesPt X
$433K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$433K
LiabilitiesLn 26$0
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$369K
Fundraising eventsLn 1c$212K
Investment incomeLn 3$4K
Gains on assetsLn 7$192
Total revenueLn 12$313K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
InvestmentsLn 11–13$183K
Total assetsLn 16$433K
LiabilitiesLn 26$0
Net assetsLn 32$433K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
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$2K$251K
InvestmentsLn 11–13$162K$183K
Total assetsLn 16$164K$433K
LiabilitiesLn 26$0$0
Net assetsLn 32$164K$433K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$92$92
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$2K$2K
Information technologyLn 14$299$299
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$10K$10K
Total functional expensesLn 25$16K$0$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $22K$515K−$493K$231K 990 PDF
FY2024 $726K$515K$210K$721K 990 PDF
FY2023 $88K$34K$54K$500K 990 PDF
FY2022 Viewing $313K$16K$297K$433K 990 PDF

More to add? Claim this org

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 $312,710 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$368,788
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$3,820
I-11 Other revenuePrior year $0−$59,898
I-12 Total revenuePrior year $0$312,710
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$15,666
I-18 Total expensesPrior year $0$15,666
I-19 Revenue less expensesPrior year $0$297,044
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $312,710 across 7 lines filed
VIII-1c Fundraising events$212,018
VIII-1f All other contributions, gifts and grants$156,770
VIII-1h Total contributions, gifts and grants$368,788
VIII-3 Investment incomeExcluded from tax $3,628$3,628
VIII-7 Net gain or loss on sales of assetsExcluded from tax $192$192
VIII-8 Net income from fundraising eventsExcluded from tax −$59,898−$59,898
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$56,078$312,710
Part IX · Statement of functional expenses $15,666 across 7 lines filed
IX-11c Accounting feesManagement $1,247$1,247
IX-11f Investment management feesManagement $92$92
IX-12 Advertising and promotionManagement $1,151$1,151
IX-13 Office expensesManagement $1,729$1,729
IX-14 Information technologyManagement $299$299
IX-23 InsuranceManagement $1,147$1,147
IX-24 Other expenses (24a–d)Management $10,001$10,001
IX-25 Total functional expensesPrograms $0 · Management $15,666 · Fundraising $0$15,666
Part X · Balance sheet $433,473 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $1,678$250,800
X-12 Other securitiesStart of year $162,102$182,673
X-16 Total assetsStart of year $163,780$433,473
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $163,780$433,473
X-33 Total liabilities and net assetsStart of year $163,780$433,473
Part XI · Reconciliation of net assets $433,473 net assets at year end
XI-1 Total revenue$312,710
XI-2 Total expenses$15,666
XI-3 Revenue less expenses$297,044
XI-4 Net assets at start of year$163,780
XI-5 Net unrealized gains (losses) on investments−$27,351
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$433,473

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.