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Lake Race Corp

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

EIN: 820744320 ✦ Lake ozark, MO ✦ Designated as a 501(c)(3)

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Overview

What is Lake Race Corp?

Lake Race Corp is a nonprofit organization situated around Lake of the Ozarks. Its primary mission is to boost visibility and appreciation for the lake's boating, recreational, and entertainment offerings. The organization achieves this goal by organizing an annual Lake Race event. The event's earnings are then donated to various charitable organizations. By hosting this event, Lake Race Corp contributes to the local community and supports not-for-profit causes.


Official website here: www.lakerace.com

Is Lake Race Corp legitimate?

Lake Race Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Race Corp 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.


Official website here: www.lakerace.com

What is the mission statement of Lake Race Corp?

Lake Race Corp's mission is centered around promoting and showcasing the boating, recreational, and entertainment aspects of Lake of the Ozarks. The organization accomplishes this through the hosting of a Lake Race event. The primary objective of this event is to generate funds, which are then donated to various not-for-profit organizations. By doing so, Lake Race Corp contributes to the betterment of communities beyond the lake.


Official website here: www.lakerace.com

Who is the CEO of Lake Race Corp?

Jeff Dorhauer is the President of Lake Race Corp.


Official website here: www.lakerace.com

What is the revenue of Lake Race Corp?

Lake Race Corp's revenue in 2022 was $191,802.


Official website here: www.lakerace.com

Who are the executives of Lake Race Corp and what are their salaries?


Here are 3 key members and their salaries:


Jeff Dorhauer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shannon Bohart (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Abbett (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakerace.com

Where can I find the form 990EZ for Lake Race Corp?

Lake Race Corp's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.lakerace.com

Learn more at the official website: www.lakerace.com

Mission Statement of Lake Race Corp

Lake Race Corporation, a non-profit organization, aims to enhance the visibility and appeal of the boating, recreational, and entertainment offerings at Lake of the Ozarks. It accomplishes this mission by organizing the Lake Race event, which generates proceeds that are then donated to various charitable institutions. By hosting this event, Lake Race Corporation serves to promote the lake's attractions while contributing to deserving not-for-profit organizations.

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Impact




October, 2024

Lake Race Corp significantly enhances the visibility and appreciation of the boating and recreational opportunities available at Lake of the Ozarks. By organizing the Lake Race event, the organization attracts participants and spectators, thereby boosting local tourism and promoting the region as a premier destination for water sports and leisure activities.

The event not only showcases the beauty and recreational potential of the lake but also generates proceeds that are directed towards various nonprofit organizations. This philanthropic approach ensures that the benefits of the event extend beyond entertainment, supporting a range of community efforts and initiatives. Overall, Lake Race Corp plays a crucial role in fostering a vibrant local economy while enhancing the cultural and recreational landscape of the Lake of the Ozarks area.




This information is meant to be a general summary of Lake Race 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
$191,802 (2022)
201720182019202020212022$0$50,000$100k$150k$200k
Expenses
$173,535 (2022)
201720182019202020212022$0$45,000$90,000$135k$180k
Efficiency
2017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

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

  • Program Service Revenue: $25,900
  • Gross Receipts: $191,802

Assets and Liabilities:

  • Total Assets: $2,416
  • Total Liabilities: $0
  • Net Assets: $2,416

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Organization Details

Principal Officer

Jeff Dorhauer

Main Address

2111 BAGNELL DAM BLVD BOX 219, LAKE OZARK, MO, 65049

NTEE Category

Code: T30 - Philanthropy

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