Sturgis Mustang Rally Inc

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

EIN: 611617537 ✦ Sturgis, SD ✦ Designated as a 501(c)(6)

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Overview

What is Sturgis Mustang Rally Inc?

Sturgis Mustang Rally Inc is a nonprofit organization situated in Sturgis, South Dakota. Their primary objective is to organize a community event, drawing in growing numbers of attendees during the Labor Day weekend annually. This event serves as a significant catalyst for boosting the economic revenue of local businesses within the Sturgis area.

Is Sturgis Mustang Rally Inc legitimate?

Sturgis Mustang Rally Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sturgis Mustang Rally Inc 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 Sturgis Mustang Rally Inc?

Sturgis Mustang Rally Inc's mission revolves around serving as a community event. Each year, it successfully draws in larger crowds during the Labor Day weekend, thereby boosting the income of local businesses in an unspecified location. By doing so, the rally plays a significant role in contributing to the economic growth of the community.

Who is the CEO of Sturgis Mustang Rally Inc?

Dan Jacobsen is the President of Sturgis Mustang Rally Inc.

What is the revenue of Sturgis Mustang Rally Inc?

Sturgis Mustang Rally Inc's revenue in 2022 was $135,825.

Who are the executives of Sturgis Mustang Rally Inc and what are their salaries?


Here are 3 key members and their salaries:


Robin Shrake (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Jacobsen (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Lawton (Treasurer And Racing Coordinator)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Sturgis Mustang Rally Inc?

Sturgis Mustang Rally Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Sturgis Mustang Rally Inc

Sturgis Mustang Rally Inc, as a nonprofit organization, is dedicated to serving as a community event. Its mission is to draw in an increasing number of attendees each year during the Labor Day weekend. By accomplishing this, the rally contributes significantly to the revenue growth of local businesses in Sturgis, South Dakota. The event serves as a catalyst for economic development within the community.

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Impact




October, 2024

The Sturgis Mustang Rally Inc significantly enhances the local economy and community spirit in Sturgis, South Dakota. By hosting an annual event over Labor Day weekend, it attracts a growing number of attendees each year. This influx of visitors contributes to increased revenue for local businesses, bolstering the economy of the area. The rally not only showcases the automotive culture centered around Mustang cars but also fosters a sense of community pride and engagement, helping to strengthen ties among residents and visitors alike. Overall, the rally serves as a vital catalyst for economic growth and community improvement in Sturgis.




This information is meant to be a general summary of Sturgis Mustang Rally Inc. 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
$135,825 (2022)
Expenses
$110,656 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $54
  • Gross Receipts: $141,268

Assets and Liabilities:

  • Total Assets: $120,241
  • Total Liabilities: $0
  • Net Assets: $120,241

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Organization Details

Principal Officer

Dan Jacobsen

Main Address

PO Box 745, Sturgis, SD, 57785

NTEE Category

Code: S40 - Community improvement

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