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Palmyra Racing Assoc

Organization summary

Type of Nonprofit

Designated as a Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Category: Recreation, Sports, Leisure, Athletics / Amateur Sports Competitions (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$221k (2023)

Expenses
$173k (2023)

Total Assets
$602k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$221,434
Expenses
$173,156
Net Income
$48,278
Net Assets
$602,043
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $217,866
98.4%
Investment Income $65
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,503
1.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $602,043
Total Liabilities $0
Net Assets $602,043
Compensation
Key Employees and Officers Compensation Related Other
Alexis Boundy (Treasurer (Ended 7/31/23)) $0 $0 $0
Brad Ghidu (President) $0 $0 $0
Corey Sadlik (Vice President) $0 $0 $0
June Cappoci (Secretary) $0 $0 $0
Nicole Miller (Treasurer (Begining 8/1/23)) $0 $0 $0
Gary Walker (Director) $0 $0 $0
Michelle Jones (Director) $0 $0 $0
Seth Eberhardt (Director) $0 $0 $0
Randy Smith (Director) $0 $0 $0
Connor Sleight (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,058
Expenses
$171,400
Net Income
$24,658
Net Assets
$553,765
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $178,572
91.1%
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $17,441
8.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $553,765
Total Liabilities $0
Net Assets $553,765
Compensation
Key Employees and Officers Compensation Related Other
Aimee Primm (Treasurer) $0 $0 $0
Sheryl La Delfa (President) $0 $0 $0
Corey Sadlik (Vice President) $0 $0 $0
Tammi Coucouzi (Secretary) $0 $0 $0
Christian Costa (Publicity) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,038
Expenses
$160,169
Net Income
$35,869
Net Assets
$529,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $179,003
91.3%
Investment Income $45
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $16,990
8.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $529,107
Total Liabilities $0
Net Assets $529,107
Compensation
Key Employees and Officers Compensation Related Other
Ed Johannes (President) $0 $0 $0
Sheryl La Delfa (Treasurer) $0 $0 $0
Corey Sadlik (Vice President) $0 $0 $0
Tami Cocuzzi (Secretary) $0 $0 $0
Seth Eberhardt (Director) $0 $0 $0
Michelle Jones (Director) $0 $0 $0
Johnny Brugge (Director) $0 $0 $0
Chris La Delfa (Director) $0 $0 $0
John Buckalew (Director) $0 $0 $0
Christian Costa (Director) $0 $0 $0
Alan Delimon (Director) $0 $0 $0
Aimee Pimm (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$245,416
Expenses
$113,292
Net Income
$132,124
Net Assets
$493,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $145,814
59.4%
Investment Income $32
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $92,817
37.8%
Net Inventory Sales $0
Other Revenue $6,753
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $493,238
Total Liabilities $0
Net Assets $493,238
Compensation
Key Employees and Officers Compensation Related Other
Ed Johannes (President) $0 $0 $0
Corey Sadlik (Vice President) $0 $0 $0
Tami Cocuzzi (Secretary) $0 $0 $0
Stefanie Cerasoli (Treasurer) $0 $0 $0
Christian Costa (Public Relations) $0 $0 $0
Mike Russel (Equipment Mananger) $0 $0 $0
Alan Delimon (It) $0 $0 $0
Michelle Jones (Director) $0 $0 $0
Dylan Scheemaker (Director) $0 $0 $0
Chris La Delfa (Director) $0 $0 $0
Nolan Adams (Director) $0 $0 $0
Randy Smith (Director) $0 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$175,333
Expenses
$120,309
Net Income
$55,024
Net Assets
$361,114
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $100,317
57.2%
Investment Income $122
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,428
7.1%
Assets/Debt
Total Assets $361,114
Total Liabilities $0
Net Assets $361,114
Compensation
Key Employees and Officers Compensation Other
Chris La Delfa (Member) $0 $0
Mike Russell (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0
Adam Swanson (Member) $0 $0
Daryl Quigley (Member) $0 $0
Dylan Scheemaker (Member) $0 $0
Corey Sadlik (Vice President) $0 $0
Nolan Adams (Member) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Alan Delimon (Secretary) $0 $0
Ed Johannes (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$148,997
Expenses
$128,674
Net Income
$20,323
Net Assets
$306,090
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $85,679
57.5%
Investment Income $206
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,941
3.3%
Assets/Debt
Total Assets $306,990
Total Liabilities $900
Net Assets $306,090
Compensation
Key Employees and Officers Compensation Other
Gary Walker (Member) $0 $0
Scott Borst (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0
Adam Swanson (Member) $0 $0
Daryl Quigley (Member) $0 $0
Dylan Scheemaker (Member) $0 $0
Corey Sadlik (Member) $0 $0
Nolan Adams (President) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Alan Delimon (Secretary) $0 $0
Ed Johannes (Vice President) $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$146,036
Expenses
$104,144
Net Income
$41,892
Net Assets
$285,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $76,138
52.1%
Investment Income $165
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,716
9.4%
Assets/Debt
Total Assets $285,767
Total Liabilities $0
Net Assets $285,767
Compensation
Key Employees and Officers Compensation Other
Joe Celso (Member) $0 $0
Gary Walker (Member) $0 $0
Scott Borst (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0
Adam Swanson (Member) $0 $0
Ed Johannes (Member) $0 $0
Nolan Adams (Vice President) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Alan Delimon (Secretary) $0 $0
Ross Rugaber (President) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$140,852
Expenses
$128,633
Net Income
$12,219
Net Assets
$243,875
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $59,139
42.0%
Investment Income $158
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $22,137
15.7%
Assets/Debt
Total Assets $243,875
Total Liabilities $0
Net Assets $243,875
Compensation
Key Employees and Officers Compensation Other
Joe Celso (President) $0 $0
Nolan Adams (Vice President) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Deb Carlson (Secretary) $0 $0
Ross Rugaber (Equipment Manager) $0 $0
Jay Bond (Pr) $0 $0
Bill Mc Mahon (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0
Adam Swanson (Member) $0 $0
Alan Delimon (Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$129,343
Expenses
$104,928
Net Income
$24,415
Net Assets
$231,656
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $58,557
45.3%
Investment Income $157
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $14,101
10.9%
Assets/Debt
Total Assets $235,041
Total Liabilities $3,385
Net Assets $231,656
Compensation
Key Employees and Officers Compensation Other
Bill Mc Mahon (President) $0 $0
Dan Stone (Vice President) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Deb Carlson (Secretary) $0 $0
Russ Rugaber (Member) $0 $0
Mark Bisig (Member) $0 $0
Andy Van Camp (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$144,008
Expenses
$138,852
Net Income
$5,156
Net Assets
$207,241
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,189
50.8%
Investment Income $119
0.1%
Net Fundraising $0
Sales of Assets $946
0.7%
Net Inventory Sales $0
Other Revenue $11,772
8.2%
Assets/Debt
Total Assets $207,241
Total Liabilities $0
Net Assets $207,241
Compensation
Key Employees and Officers Compensation Other
Bill Mc Mahon (President) $0 $0
Dan Stone (Vice President) $0 $0
Sheryl La Delfa (Treasurer) $0 $0
Debbie Carlson (Secretary) $0 $0
Jay Bond (Pr Director) $0 $0
Ross Rugaber (Equipment Manager) $0 $0
Mark Bisig (Member) $0 $0
Andy Van Camp (Member) $0 $0
Nolan Adams (Member) $0 $0
Michelle Jones (Member) $0 $0
Randy Smith (Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,368
Expenses
$140,447
Net Income
-$9,079
Net Assets
$202,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,519
51.4%
Investment Income $259
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,455
8.0%
Assets/Debt
Total Assets $202,085
Total Liabilities $0
Net Assets $202,085
Compensation
Key Employees and Officers Compensation Other
Ed Johannes (President) $0 $0
Kevin Piccola (Vice President) $0 $0
James Roe (Treasurer) $0 $0
Matt Knapp (Secretary) $0 $0
Jay Bond (Publicity Director) $0 $0
Troy Notebaart (Equipment Manager) $0 $0
Dan Stone (Member) $0 $0
Dan Deroller (Member) $0 $0
Mike Whipple (Member) $0 $0
Andy Vancamp (Member) $0 $0
Mark Bisig (Member) $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,526
Expenses
$142,192
Net Income
-$10,666
Net Assets
$211,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,286
55.7%
Investment Income $228
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,259
4.8%
Assets/Debt
Total Assets $211,164
Total Liabilities $0
Net Assets $211,164

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,961
Expenses
$108,725
Net Income
$23,236
Net Assets
$221,830
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $81,516
61.8%
Investment Income $363
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,167
4.7%
Assets/Debt
Total Assets $221,830
Total Liabilities $0
Net Assets $221,830

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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