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Avanti Racing Team

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 274565536 ✦ Seattle, WA ✦ Designated as a 501(c)(3)

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Overview

What is Avanti Racing Team?

The Avanti Racing Team is an amateur bicycle club, headquartered undisclosed, dedicated to supporting its members. They offer various benefits, such as organizing training sessions, securing sponsorships, providing necessary equipment, and covering race expenses. This nonprofit organization aims to facilitate the growth and participation of its members in bicycle racing events, thereby fostering a community of enthusiastic cyclists.

Is Avanti Racing Team legitimate?

Avanti Racing Team is a legitimate nonprofit organization registered as a 501(c)(3) entity. Avanti Racing Team submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Avanti Racing Team?

The Avanti Racing Team's mission is centered around providing support and opportunities for its members involved in amateur bicycle racing. They organize sponsorships, training sessions, and cover race fees and equipment costs for their members. Essentially, their role is to facilitate the participation of amateur cyclists in racing events, offering them necessary resources and reimbursements.

Who is the CEO of Avanti Racing Team?

Forest Hoag is the President of Avanti Racing Team.

What is the revenue of Avanti Racing Team?

Avanti Racing Team's revenue in 2022 was $11,421.

Who are the executives of Avanti Racing Team and what are their salaries?


Here are 4 key members and their salaries:


Joseph Lindstrom (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Forest Hoag (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Bogni (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caryn Sengupta (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Avanti Racing Team?

Avanti Racing Team's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Avanti Racing Team

The Avanti Racing Team, an amateur bicycle racing club, is dedicated to providing its members with various support services. Its primary mission is to organize training sponsorships, equipments, and race reimbursements for its members. This nonprofit organization functions as an amateur bicycle Racing Team, offering its members the necessary resources to participate in races. The team ensures that its members have the necessary financial aid for their training, race participation, and equipment, thereby fostering a supportive environment for amateurs in the field of bicycle racing.

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Impact




August, 2024

Avanti Racing Team's impact can be seen in the development and support of amateur cyclists in the Seattle area. Through organizing training sponsorships, providing equipment, and reimbursing race fees for its members, the team has created opportunities for individuals to pursue their passion for cycling. By offering a platform for cyclists to improve their skills and compete in races, Avanti Racing Team plays a significant role in fostering a thriving cycling community in the region.




This information is meant to be a general summary of Avanti Racing Team. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$11,421 (2022)
Expenses
$13,739 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $28
  • Program Service Revenue: $4,500
  • Gross Receipts: $11,421

Assets and Liabilities:

  • Total Assets: $85,248
  • Total Liabilities: $0
  • Net Assets: $85,248

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Organization Details

Principal Officer

Forest Hoag

Main Address

3039 W Commodore Way, Seattle, WA, 98199

NTEE Category

Code: N60 - Recreation

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