Sheyenne River Speedway in Lisbon, North Dakota (ND)
Table of contents:
| Sheyenne River Speedway | |
| Employer Identification Number (EIN) | 454706688 |
| Name of Organization | Sheyenne River Speedway |
| In Care of Name | Hope Storhaug |
| Address | PO BOX 952, Lisbon, ND 58054-0952 |
| Subsection | Charitable Organization |
| Ruling Date | 08/2014 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $24,464 |
| Amount of Income | $155,794 |
| Form 990 Revenue Amount | $152,502 |
| National Taxonomy of Exempt Entities (NTEE) | Recreation, Sports, Leisure, Athletics: Amateur Sports Clubs, Leagues, (Not Elsewhere Classified) |
| Submitted by: | Sheyenne River Speedway, Sheyenne River Speedway |
In Care of Name - REMOVE Hope Storhaug and just put "President"
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |
| 2013 | |
|---|---|
| Total revenue | $152,502 |
| Contributions, gifts, grants, and similar amounts received | $17,093 |
| Program service revenue including government fees and contracts | $122,664 |
| Membership dues and assessments | $0 |
| Investment income | $0 |
| Gain/Loss from sale of assets other than inventory | $0 |
| Net income/loss from gaming and fundraising events | $12,745 |
| Gross income from gaming | $0 |
| Gross income from fundraising events | $16,037 |
| Less: direct expenses from gaming and fundraising events | $3,292 |
| Gross profit/loss from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $137,430 |
| Total net assets | $24,429 |
| Excess/Deficit for the year | $15,072 |
| Net assets or fund balances at beginning of year | $9,357 |
| Other changes in net assets or fund balances | $0 |
| Net assets or fund balances at end of year | $24,429 |
| Balance Sheets | |
| 2013 | |
|---|---|
| Total assets | $24,464 |
| Total liabilities | $35 |
| Net assets or fund balances | $24,429 |
| Other Information | |
| 2013 | |
|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No |
| Were any significant changes made to the organizing or governing documents? | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Has the organization filed a Form 990-T for the year? | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No |
| Amount of political expenditures, direct or indirect | $0 |
| Did the organization file Form 1120-POL for this year? | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No |
| Total amount involved | $0 |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $26,112 |
| Subtotal Support | $26,112 |
| Gifts, grants, contributions, and membership fees received | $26,112 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $235,219 |
| Public Support | $26,112 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $209,107 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in North Dakota | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | City Life | 1125 W Avenue B, Bismarck, ND 58501-2409 | ND | 2014-02 | $43,374 |
| 2 | Empowerment Project | 1201 Page Drive, Fargo, ND 58103-2337 | ND | 2014-08 | $2,500,000 |
| 3 | Family Wellness Llc | 2960 Seter Pkwy S, Fargo, ND 58104-8692 | ND | 2013-01 | $3,939,983 |
| 4 | Ffa Alumni Association | PO BOX 68, Lisbon, ND 58054-0068 | ND | 2014-08 | $7,071 |
| 5 | Fort Ransom Sportsmans Club | 5979 117th Ave Se, Fort Ransom, ND 58033-9729 | ND | 2014-05 | $36,324 |
| 6 | Isaiah 58 10 Foundation | 1701 Burnt Boat Dr, Bismarck, ND 58503-0834 | ND | 2014-07 | $224,565 |
| 7 | Jakestar Llc | 6847 County Road 62, Berlin, ND 58415-8946 | ND | 2014-07 | $127,162 |
| 8 | North Dakota Teen Challenge Foundation | 1406 2nd St Nw, Mandan, ND 58554-4904 | ND | 2014-08 | $215,425 |
| 9 | North Dakota Watchdog Network | PO BOX 241, Bismarck, ND 58502-0241 | ND | 2014-06 | $35,369 |
| 10 | Northern Plains Childrens Advocacy Center | PO BOX 3239, Minot, ND 58702-3239 | ND | 2013-09 | $215,678 |
| 11 | Sheyenne River Speedway | PO BOX 952, Lisbon, ND 58054-0952 | ND | 2014-08 | $155,794 |
| 12 | Stanley Boy Scouts Trustees | PO BOX 804, Stanley, ND 58784-0804 | ND | 2014-03 | $139,958 |
| 13 | Sunshine Memorial Foundation | 4200 James Ray Dr, Grand Forks, ND 58202-6090 | ND | 2012-09 | $250,262 |
| 14 | The Grand Forks Bible Study Group Of Grand Forks North Dakota | 1191 S Columbia Rd, Grand Forks, ND 58201-4033 | ND | 2014-02 | $14,155 |
| 15 | The Main Discovery Inc | PO BOX 815, Hillsboro, ND 58045-0815 | ND | 2014-03 | $199,537 |
| 16 | Vern And Ruth Berge Scholarship Foundation | 51 Broadway N Ste 402, Fargo, ND 58102-4970 | ND | 2014-10 | $279,096 |
| 17 | Walhalla Ambulance Service | PO BOX 467, Walhalla, ND 58282-0467 | ND | 2014-03 | $141,508 |
| 18 | West Fargo Somali Community Center | 3309 Fiechtner Dr S, Fargo, ND 58103-2375 | ND | 2013-11 | $8,140 |
| 19 | Wolf Run Village Inc | PO BOX 2286, Watford City, ND 58854-2286 | ND | 2013-08 | $2,415,108 |
| 20 | Wyndmere Education Foundation Inc | PO BOX 190, Wyndmere, ND 58081-0190 | ND | 2014-03 | $33,914 |
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