Mag 7 Race Team

  • Oceanside, CA
  • Tax exemption issued: April 2020
  • EIN: 20-2577827

Organization summary

Type of Nonprofit

Designated as a Social and recreational clubs.

Category: Recreation, Sports, Leisure, Athletics / Recreational, Pleasure, or Social Club (NTEE)

Donations to this organization are not tax deductible.

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. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Feb.
2026

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,858
Expenses
$52,893
Net Income
$4,965
Net Assets
$69,955
Notable Sources of Revenue Percent of Total Revenue
Contributions $400
0.7%
Program Services $54,558
94.3%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $69,955
Total Liabilities $0
Net Assets $69,955
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
William F Thompson (President) $0 $0
Michael Mark Shatynski (Secretary) $0 $0
Valorie B Shatynski (Treasurer) $0 $0
Tom Mangione (Director) $0 $0
Paul Schaffer (Vice President) $0 $0
Bryan Walsh (Director) $0 $0
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Document Links

990-EZ
Filed on June 16, 2026

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Feb.
2025

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$73,409
Expenses
$73,080
Net Income
$329
Net Assets
$64,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $71,003
96.7%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6
0.0%
Assets/Debt
Total Assets $67,834
Total Liabilities $2,850
Net Assets $64,984
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
William F Thompson (President) $0 $0
Michael Mark Shatynski (Secretary) $0 $0
Valorie B Shatynski (Treasurer) $0 $0
Tom Mangione (Director) $0 $0
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Document Links

990-EZ
Filed on July 13, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Feb.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$42,703
Expenses
$14,806
Net Income
$27,897
Net Assets
$64,655
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,000
2.3%
Program Services $37,250
87.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3
0.0%
Assets/Debt
Total Assets $64,655
Total Liabilities $0
Net Assets $64,655
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
William F Thompson (President) $0 $0
Michael Mark Shatynski (Secretary) $0 $0
Valorie B Shatynski (Treasurer) $0 $0
Tom Mangione (Director) $0 $0
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Document Links

990-EZ
Filed on May 26, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Feb.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$79,551
Expenses
$50,065
Net Income
$29,486
Net Assets
$36,758
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
3.1%
Program Services $60,300
75.8%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1
0.0%
Assets/Debt
Total Assets $36,758
Total Liabilities $0
Net Assets $36,758
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
William F Thompson (President) $0 $0
Michael Mark Shatynski (Secretary) $0 $0
Valorie B Shatynski (Secretary) $0 $0
Tom Mangione (Director) $0 $0
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Document Links

990-EZ
Filed on July 11, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Feb.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$49,942
Expenses
$56,291
Net Income
-$6,349
Net Assets
$7,272
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $49,682
99.5%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $7,272
Total Liabilities $0
Net Assets $7,272
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0
Compensation
Key Employees and Officers Compensation Other
William F Thompson (President) $0 $0
Michael Mark Shatynski (Secretary) $0 $0
Valorie B Shatynski (Treasurer) $0 $0
Geoff Hill (Race Director) $0 $0
Mike Magers (Race Director) $0 $0
Tom Mangione (Equipment Director) $0 $0
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990-EZ
Filed on April 23, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Feb.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$260
Expenses
$10,444
Net Income
-$10,184
Net Assets
$13,621
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $13,621
Total Liabilities $0
Net Assets $13,621
Club or Co-Op Income
Initiation Fees & Contributions $0
Income From Public Use of Club Facilities $0

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is 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 financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited 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 for 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.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the 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 the 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," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

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

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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