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Lake Eldora Racing Team Association

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.31M (2022)

Expenses
$1.33M (2022)

Total Assets
$762k (2022)

Total Liabilities
$373 (2022)

Source: Form 990 tax filings from 2011 to 2022

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 July
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,312,934
Expenses
$1,330,755
Net Income
-$17,821
Net Assets
$761,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $157,344
12.0%
Program Services $1,102,473
84.0%
Investment Income $2,140
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $64,508
4.9%
Sales of Assets $0
Net Inventory Sales -$13,531
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $117,180
8.8%
Professional Fundraising Fees $0
Other Salaries and Wages $694,929
52.2%
Assets/Debt
Total Assets $762,062
Total Liabilities $373
Net Assets $761,689
Compensation
Key Employees and Officers Compensation Related Other
Matt Tomasko (Executive Di) $117,180 $0 $37,272
Sam Bass (Director) $0 $0 $0
Kevin Gawenus (Treasurer) $0 $0 $0
Jonathan Lantz (President) $0 $0 $0
Mike Mccue (Vice Preside) $0 $0 $0
Chris Munro (Director) $0 $0 $0
Mary Beth Reece (Secretary) $0 $0 $0
Connie Sciolino (Director) $0 $0 $0
Peter Troller (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,479,767
Expenses
$1,010,367
Net Income
$469,400
Net Assets
$779,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $326,444
22.1%
Program Services $1,091,287
73.7%
Investment Income $1,464
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $60,572
4.1%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,174
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $564,974
55.9%
Assets/Debt
Total Assets $781,571
Total Liabilities $2,061
Net Assets $779,510
Compensation
Key Employees and Officers Compensation Related Other
Matt Tomasko (Executive Di) $102,174 $0 $34,754
Jonathan Lantz (President) $0 $0 $0
Peter Troller (Director) $0 $0 $0
Mike Mccue (Vice Preside) $0 $0 $0
Mary Beth Reece (Secretary) $0 $0 $0
Kevin Gawenus (Treasurer) $0 $0 $0
Sam Bass (Director) $0 $0 $0
Chris Munro (Director) $0 $0 $0
Connie Sciolino (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,018,121
Expenses
$1,049,005
Net Income
-$30,884
Net Assets
$310,110
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,550
5.2%
Program Services $898,590
88.3%
Investment Income $1,888
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $75,304
7.4%
Sales of Assets $0
Net Inventory Sales -$13,456
Other Revenue $2,265
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $102,681
9.8%
Professional Fundraising Fees $0
Other Salaries and Wages $560,938
53.5%
Assets/Debt
Total Assets $441,447
Total Liabilities $131,337
Net Assets $310,110
Compensation
Key Employees and Officers Compensation Related Other
Matt Tomasko (Executive Di) $102,681 $0 $30,876
Jonathan Lantz (President) $0 $0 $0
Peter Troller (Director) $0 $0 $0
Mike Mccue (Vice Preside) $0 $0 $0
Mery Beth Reece (Secretary) $0 $0 $0
Kevin Gawenus (Treasurer) $0 $0 $0
Sam Bass (Director) $0 $0 $0
Chris Munro (Director) $0 $0 $0
Connie Sciolino (Director) $0 $0 $0

Document Links

Fiscal Year Ending July
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,113,675
Expenses
$1,163,702
Net Income
-$50,027
Net Assets
$341,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $46,142
4.1%
Program Services $1,006,702
90.4%
Investment Income $1,711
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $48,097
4.3%
Sales of Assets $0
Net Inventory Sales $575
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,461
9.2%
Professional Fundraising Fees $0
Other Salaries and Wages $538,804
46.3%
Assets/Debt
Total Assets $368,767
Total Liabilities $27,667
Net Assets $341,100

Document Links

Fiscal Year Ending July
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,066,886
Expenses
$1,041,261
Net Income
$25,625
Net Assets
$381,716
Notable Sources of Revenue Percent of Total Revenue
Contributions $44,860
4.2%
Program Services $975,751
91.5%
Investment Income $1,819
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $32,892
3.1%
Sales of Assets $0
Net Inventory Sales $1,098
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $105,770
10.2%
Professional Fundraising Fees $0
Other Salaries and Wages $463,510
44.5%
Assets/Debt
Total Assets $394,619
Total Liabilities $12,903
Net Assets $381,716

Document Links

Fiscal Year Ending July
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,015,156
Expenses
$994,358
Net Income
$20,798
Net Assets
$378,003
Notable Sources of Revenue Percent of Total Revenue
Contributions $45,404
4.5%
Program Services $881,653
86.8%
Investment Income $2,123
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $50,659
5.0%
Sales of Assets $0
Net Inventory Sales $23,225
2.3%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $102,840
10.3%
Professional Fundraising Fees $0
Other Salaries and Wages $450,049
45.3%
Assets/Debt
Total Assets $384,167
Total Liabilities $6,164
Net Assets $378,003

Document Links

Fiscal Year Ending July
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$885,939
Expenses
$853,628
Net Income
$32,311
Net Assets
$343,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $42,690
4.8%
Program Services $795,517
89.8%
Investment Income $2,036
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $23,201
2.6%
Sales of Assets $0
Net Inventory Sales $9,750
1.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,116
11.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $363,522
Total Liabilities $20,100
Net Assets $343,422

Document Links

Fiscal Year Ending July
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$778,064
Expenses
$733,472
Net Income
$44,592
Net Assets
$311,111
Notable Sources of Revenue Percent of Total Revenue
Contributions $64,911
8.3%
Program Services $658,934
84.7%
Investment Income $1,426
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $28,832
3.7%
Sales of Assets $0
Net Inventory Sales $5,146
0.7%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,910
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $331,792
Total Liabilities $20,681
Net Assets $311,111

Document Links

Fiscal Year Ending July
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$734,949
Expenses
$674,607
Net Income
$60,342
Net Assets
$266,789
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,880
11.4%
Program Services $584,775
79.6%
Investment Income $576
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $29,050
4.0%
Sales of Assets $0
Net Inventory Sales $10,856
1.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $96,529
14.3%
Professional Fundraising Fees $0
Other Salaries and Wages $303,217
44.9%
Assets/Debt
Total Assets $270,363
Total Liabilities $3,574
Net Assets $266,789

Document Links

Fiscal Year Ending July
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$657,668
Expenses
$585,783
Net Income
$71,885
Net Assets
$206,447
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,151
9.6%
Program Services $539,544
82.0%
Investment Income $453
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $26,437
4.0%
Sales of Assets $0
Net Inventory Sales $2,493
0.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $90,899
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $268,313
45.8%
Assets/Debt
Total Assets $202,615
Total Liabilities -$3,832
Net Assets $206,447

Document Links

Fiscal Year Ending July
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$589,603
Expenses
$513,434
Net Income
$76,169
Net Assets
$134,562
Notable Sources of Revenue Percent of Total Revenue
Contributions $59,620
10.1%
Program Services $484,149
82.1%
Investment Income $275
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $20,142
3.4%
Sales of Assets $0
Net Inventory Sales -$8,039
Other Revenue $681
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,895
16.3%
Professional Fundraising Fees $0
Other Salaries and Wages $235,180
45.8%
Assets/Debt
Total Assets $135,599
Total Liabilities $1,037
Net Assets $134,562

Document Links

Fiscal Year Ending July
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$504,034
Expenses
$489,586
Net Income
$14,448
Net Assets
$58,393
Notable Sources of Revenue Percent of Total Revenue
Contributions $24,057
4.8%
Program Services $416,072
82.5%
Investment Income $252
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $36,435
7.2%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,275
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $83,524
17.1%
Professional Fundraising Fees $0
Other Salaries and Wages $225,921
46.1%
Assets/Debt
Total Assets $60,507
Total Liabilities $2,114
Net Assets $58,393

Document Links

Fiscal Year Ending July
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

Fiscal Year Ending July
2009

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

Fiscal Year Ending July
2008

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

Fiscal Year Ending July
2007

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

Fiscal Year Ending July
2006

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

Fiscal Year Ending July
2005

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

Fiscal Year Ending July
2004

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

Fiscal Year Ending July
2003

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

Fiscal Year Ending July
2002

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

Fiscal Year Ending July
2001

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

Fiscal Year Ending July
2000

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

Fiscal Year Ending July
1999

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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