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Sir Nonprofit Corp

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

EIN: 474873224 ✦ Marion, IL ✦ Designated as a 501(c)(3)

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Overview

What is Sir Nonprofit Corp?

Sir Nonprofit Corp is a nonprofit organization based in Marion, Illinois. Their primary mission is to promote and sponsor weekly racing events during the summer months, specifically for open-wheeled racing machines. The organization governs trials of speed and endurance for these machines and encourages fair competition among racers, builders, and owners. They operate without profit, thereby fostering interest in planning, constructing, and racing these machines. Their activities are centered around promoting a competitive environment for these enthusiasts.

Is Sir Nonprofit Corp legitimate?

Sir Nonprofit Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sir Nonprofit Corp submitted a form 990, 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Sir Nonprofit Corp?

Sir Nonprofit Corp's mission is centered around promoting, without financial gain, the interest in planning, constructing, and racing scale open-wheeled racing machines. The organization governs trials of speed and endurance for these machines, fostering fair competition among racers, builders, and owners. Their activities include organizing weekly races during the summer months, which encourage the involvement of local communities in the planning, construction, and racing of open-wheeled racing machines. Sir Nonprofit Corp's mission is to encourage a competitive environment and contribute to the growth of the open-wheeled racing machine community.

Who is the CEO of Sir Nonprofit Corp?

Jake Palmisano is the President of Sir Nonprofit Corp.

What is the revenue of Sir Nonprofit Corp?

Sir Nonprofit Corp's revenue in 2022 was $344,979.

Who are the executives of Sir Nonprofit Corp and what are their salaries?


Here are 3 key members and their salaries:


Jake Palmisano (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Whitney Palmisano (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Troyer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Sir Nonprofit Corp?

Sir Nonprofit Corp's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Sir Nonprofit Corp

Sir Nonprofit Corp, a non-profit organization, is dedicated to the promotion and governance of open-wheeled racing machines. Their mission involves operating and encouraging the interest in planning, constructing, and racing these vehicles, organizing trials of speed and endurance for these machines, and fostering competition among racers, builders, and owners of open-wheeled racing machines. The organization strives to promote fair competition and encourages the participation of its local communities through weekly races during the summer months.

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Impact




October, 2024

Sir Nonprofit Corp significantly enhances the local community's recreational landscape by fostering a passion for open-wheeled racing. By organizing and sponsoring weekly races during the summer months, it creates a vibrant atmosphere where enthusiasts can engage in the planning, construction, and racing of scale open-wheeled racing machines. These events not only provide an enjoyable spectator experience but also empower local builders and racers to showcase their skills and creativity.

Through its governance of speed and endurance trials, the organization ensures a structured and competitive environment, promoting fairness among participants. This commitment to competition not only elevates the racing experience but also cultivates a sense of community among racers, builders, and owners, encouraging collaboration and camaraderie.

By prioritizing recreational activities that bring people together, Sir Nonprofit Corp plays a crucial role in strengthening community bonds in Marion, IL. The organization harnesses the energy of motorsport to inspire local talents and provide a platform for friendly competition, making a lasting impact on the region's cultural and recreational identity.




This information is meant to be a general summary of Sir Nonprofit Corp. 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
$344,979 (2022)
Expenses
$359,801 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $13,013
  • Program Service Revenue: $280,961
  • Gross Receipts: $348,966

Assets and Liabilities:

  • Total Assets: $165,293
  • Total Liabilities: $2,878
  • Net Assets: $162,415

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RACING PROGRAM INCOME

Revenue

$280,961

Organization Details

Founding Year

2015

Principal Officer

Jake Palmisano

Main Address

PO BOX 546, MARION, IL, 62959

NTEE Category

Code: N60 - Recreation

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