Overview
What is Amarillo Kart Circuit?
Amarillo Kart Circuit is a nonprofit organization established for charitable and educational purposes, primarily focusing on supporting and promoting sprint kart racing for children and young adults between the ages of 5 and 18. The organization aims to develop driving, mechanical setup, and maintenance skills in its participants while ensuring affordability and accessibility to the sport for those who cannot otherwise participate due to financial limitations. The Amarillo Kart Circuit can engage in various lawful business activities as a nonprofit corporation under Texas law.
Is Amarillo Kart Circuit legitimate?
Amarillo Kart Circuit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amarillo Kart Circuit 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
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What is the mission statement of Amarillo Kart Circuit?
The Amarillo Kart Circuit is established for charitable and educational purposes, primarily focusing on supporting and promoting sprint kart racing for children and young adults aged between 5 and 18. This non-profit organization aims to equip these individuals with driving, mechanical setup, and maintenance skills. Additionally, the Amarillo Kart Circuit strives to make the sport of sprint kart racing affordable and accessible to those who may not have the financial means to participate. Moreover, the corporation can engage in any lawful business activities that non-profit corporations can be organized to perform under the laws of Texas. This organization is formed for any lawful purpose or purposes not expressly prohibited under Chapters 2 or 22 of the Texas Business Organizations Code, including any purpose described by Section 2.002 of the Code.
Who is the CEO of Amarillo Kart Circuit?
Thane Morgan Md is the President of Amarillo Kart Circuit.
What is the revenue of Amarillo Kart Circuit?
Amarillo Kart Circuit's revenue in 2021 was $0.
Who are the executives of Amarillo Kart Circuit and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Amarillo Kart Circuit?
Amarillo Kart Circuit's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Amarillo Kart Circuit
The Amarillo Kart Circuit, a non-profit organization, is established with the primary purpose of serving charitable and educational needs. Its mission is centered around supporting and promoting sprint kart racing for children and young adults aged between 5 and 18. This encompasses fostering driving skills, mechanical setup, and maintenance abilities in these individuals. Additionally, the organization is committed to making sprint kart racing an affordable and accessible sport for youth who may not have the financial means to participate. The Amarillo Kart Circuit can engage in any lawful business activities that non-profit corporations are permitted to undertake under Texas law, provided these activities are not expressly prohibited by Chapters 2 or 22 of the Texas Business Organizations Code or Section 2.002 of the code.
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Impact
October, 2024
Amarillo Kart Circuit significantly impacts the community by providing recreational opportunities for children and young adults aged 5 to 18. The circuit encourages youth involvement in sprint kart racing, fostering not only athletic skills but also a range of technical proficiencies including driving, mechanical setup, and maintenance.
By focusing on affordability and accessibility, Amarillo Kart Circuit ensures that financial barriers do not restrict participation, allowing young people from diverse backgrounds to engage in the sport. This initiative cultivates a sense of community and teamwork, empowering youth to build friendships, develop confidence, and enhance their problem-solving abilities through hands-on experiences.
Additionally, the circuit contributes to the local economy by attracting events and races, generating interest in motorsports within the region. By nurturing the next generation of racers and mechanics, Amarillo Kart Circuit plays a crucial role in promoting a healthy, active lifestyle and instilling lifelong values such as dedication and perseverance. Overall, its impact extends beyond the racetrack, shaping the future of young individuals and enriching the Amarillo community.
This information is meant to be a general summary of Amarillo Kart Circuit. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2021
Principal Officer
Thane Morgan Md
Main Address
1600 S COULTER ST STE B, AMARILLO, TX, 79106
NTEE Category
Code: N50 - Recreation
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