Grand Rapids Speedway

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

EIN: 844017266 ✦ Grand rapids, MN ✦ Designated as a 501(c)(4)

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Overview

What is Grand Rapids Speedway?

Grand Rapids Speedway is a nonprofit organization situated in Grand Rapids, Minnesota. Their primary focus is on preserving and promoting dirt track racing in the community. They inspire learning and instill valuable values such as teamwork, sportsmanship, and perseverance. The organization offers a diverse range of family-friendly entertainment, aiming to enhance the local and surrounding communities' well-being. In 2022, they hosted more than 20 race nights, allowing thousands of fans to enjoy top-notch dirt track racing.


Official website here: www.grandrapidsspeedway.net

Is Grand Rapids Speedway legitimate?

Grand Rapids Speedway is a legitimate nonprofit organization registered as a 501(c)(4) entity. Grand Rapids Speedway 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


Official website here: www.grandrapidsspeedway.net

What is the mission statement of Grand Rapids Speedway?

The Grand Rapids Speedway is committed to preserving dirt track racing within its community. This dedication extends beyond just racing, as the speedway aims to inspire learning and instill valuable life lessons such as teamwork, sportmanship, and perseverance. To accomplish this, they offer a variety of family-friendly entertainment, contributing positively to both their local and adjacent communities. In 2022, the speedway hosted over 20 race nights, providing countless fans with the opportunity to enjoy the thrill of dirt track racing at its finest.


Official website here: www.grandrapidsspeedway.net

Who is the CEO of Grand Rapids Speedway?

Bob Broking is the Treasurer of Grand Rapids Speedway.


Official website here: www.grandrapidsspeedway.net

What is the revenue of Grand Rapids Speedway?

Grand Rapids Speedway's revenue in 2022 was $243,630.


Official website here: www.grandrapidsspeedway.net

Who are the executives of Grand Rapids Speedway and what are their salaries?


Here are 6 key members and their salaries:


Jodi Broking (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Broking (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dale Laplant (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Reagal (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caley Emerson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marty Grover (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.grandrapidsspeedway.net

Where can I find the form 990 for Grand Rapids Speedway?

Grand Rapids Speedway's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.grandrapidsspeedway.net

Learn more at the official website: www.grandrapidsspeedway.net

Mission Statement of Grand Rapids Speedway

Grand Rapids Speedway, as a collective of members, is committed to preserving the essence of dirt track racing within their community. Their mission is multifaceted, aiming to inspire learning, reinforce essential values such as teamwork, sportmanship, and perseverance, and provide a broad spectrum of family-friendly entertainment. This commitment is driven by the desire to enhance the well-being of their local and surrounding communities.

In essence, Grand Rapids Speedway serves as a platform that nurtures the passion for dirt track racing while instilling valuable life lessons. Through their activities, they strive to foster an environment that encourages learning and personal growth. The organization's dedication to teamwork and sportmanship emphasizes the importance of collaboration and fair play, promoting a positive and inclusive racing culture. Furthermore, Grand Rapids Speedway offers a variety of entertainment options, catering to the diverse interests of their community, thereby promoting a sense of unity and enjoyment.

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Impact




October, 2024

Grand Rapids Speedway serves as a vital hub for preserving the excitement and culture of dirt track racing in the community. By hosting over 20 race nights in 2022, it attracted thousands of fans, fostering a strong sense of local camaraderie and pride. The venue not only provides thrilling entertainment but also focuses on imparting important values such as teamwork, sportsmanship, and perseverance.

This dedication to community engagement makes the Speedway more than just a racing venue; it plays a crucial role in bringing families together, promoting local talent, and enhancing the overall quality of life in Grand Rapids and surrounding areas. Through its activities, the Speedway inspires interest in learning about the sport and encourages participation, contributing to a vibrant community atmosphere. In essence, Grand Rapids Speedway is a cornerstone for family-friendly entertainment and community improvement, reinforcing connections among residents while preserving a cherished local tradition.




This information is meant to be a general summary of Grand Rapids Speedway. 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
$243,630 (2022)
Expenses
$270,652 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7
  • Program Service Revenue: $209,917
  • Gross Receipts: $275,176

Assets and Liabilities:

  • Total Assets: $60,238
  • Total Liabilities: $0
  • Net Assets: $60,238

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Programs

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

GATE FEES

Revenue

$145,456

RACE RECEIVERS

Revenue

$472

RAFFLE FUNDS

Revenue

$3,119

SPONSORSHIP

Revenue

$58,380

TRANSPONDER

Revenue

$2,130

Organization Details

Founding Year

2020

Principal Officer

Bob Broking

Main Address

PO Box 424, Grand Rapids, MN, 55744

NTEE Category

Code: S99 - Community improvement

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