California Lightning Sprints

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

EIN: 330747025 ✦ Torrance, CA ✦ Designated as a 501(c)(4)

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Overview

What is California Lightning Sprints?

California Lightning Sprints is a nonprofit organization that offers a variety of racing events for the general public. Their primary activity involves organizing vehicle races, providing an exciting and engaging experience for participants. The organization's mission is to make these racing events accessible to all, ensuring that everyone has the opportunity to participate in their vehicle races. They have not specified any specific locations or additional programs, but their focus remains on offering racing events for the public.

Is California Lightning Sprints legitimate?

California Lightning Sprints is a legitimate nonprofit organization registered as a 501(c)(4) entity. California Lightning Sprints 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 California Lightning Sprints?

California Lightning Sprints' primary mission is to offer a variety of racing events for the general public. Their activities revolve around providing opportunities for vehicle racing, catering to both individual racers and the public at large. They organize multiple racing events, offering Vehicle Race Events and providing a platform for general public vehicle racing. Their purpose is to make these racing experiences accessible to a wide audience.

Who is the CEO of California Lightning Sprints?

Alex Grigoreas is the President of California Lightning Sprints.

What is the revenue of California Lightning Sprints?

California Lightning Sprints's revenue in 2021 was $39,656.

Who are the executives of California Lightning Sprints and what are their salaries?


Here are 3 key members and their salaries:


Alex Grigoreas (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Hindman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Nigh (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for California Lightning Sprints?

California Lightning Sprints's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of California Lightning Sprints

California Lightning Sprints, as indicated by the provided information, is an organization committed to providing thrilling racing experiences for the public. Their primary mission can be paraphrased as offering a variety of vehicle race events that cater to the general public's enthusiasm for speed and competition. By organizing these events, California Lightning Sprints aims to provide an entertaining and engaging experience for racing enthusiasts. The organization's activities primarily revolve around vehicle racing, serving as a platform for the public to engage in this exhilarating pastime.

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Impact




October, 2024

California Lightning Sprints significantly enhances the local community by offering accessible vehicle racing events. By hosting several races, it brings together enthusiasts and the general public, fostering a sense of excitement and camaraderie among participants and spectators alike. These events not only entertain but also promote motorsports culture in Torrance, CA, encouraging local engagement and support for the sport.

Additionally, the organization plays a vital role in developing skills and providing opportunities for aspiring racers, contributing to the growth of motorsports at the grassroots level. By facilitating a platform for both seasoned competitors and newcomers, California Lightning Sprints nurtures talent and passion for racing, ultimately benefiting the wider motorsports community. The vibrant atmosphere created during these events stimulates local businesses and boosts the economy, underscoring the mutual benefits for all stakeholders involved.




This information is meant to be a general summary of California Lightning Sprints. 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
$39,656 (2021)
Expenses
$30,834 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $39,656
  • Gross Receipts: $39,656

Assets and Liabilities:

  • Total Assets: $11,708
  • Total Liabilities: $0
  • Net Assets: $11,708

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Organization Details

Principal Officer

Alex Grigoreas

Main Address

24325 Crenshaw Blvd, Torrance, CA, 90505

NTEE Category

Code: Y00 - Mutual benefit

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