Totals
- Total revenue
- $19,651
- Total expenses
- $59,677
- Contributions and grants received
- $19,651
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $17,207
- Total liabilities, end of year
- $17,436
- Net assets or fund balances, end of year
- -$229
- Program services expenses (Part IX)
- $59,052
- Management and general expenses
- $625
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $59,052
Program services were 99.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$9,651
-
1e · Government grants (contributions)
$10,000
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $2,665 · program services $2,665
-
23 · Insurance
total $1,600 · program services $1,600
-
24a · Other expenses: Board meetings
total $245 · management and general $245
-
24b · Other expenses: Track supplies and materials
total $8,016 · program services $8,016
-
24c · Other expenses: Bank charges
total $196 · management and general $196
-
24d · Other expenses: Banquet costs
total $4,220 · program services $4,220
-
24e · All other expenses
total $42,735 · program services $42,551 · management and general $184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,469 · end of year $2,229
-
10a · Land, buildings and equipment: cost or other basis
$19,633
-
10b · Land, buildings and equipment: accumulated depreciation
$4,655
-
10c · Land, buildings and equipment, net
beginning of year $11,328 · end of year $14,978
-
17 · Accounts payable and accrued expenses
end of year $1,936
-
22 · Loans and payables to officers and key people
end of year $15,500
-
27 · Net assets without donor restrictions
beginning of year $39,797 · end of year -$229
Mission and programs · 2023
Mission
To promote motor sports in the CNMI. To develop awareness of the benefits of participating in motor sports to the youth of the CNMI, and to enhance the CNMI as a tourist destination with the hosting of race events featuring regional and international racers and race teams.
Activities or mission (Part I)
MRA actively promotes motorsports in the CNMI. MRA held a series of monthly points races in 2023, and hosted nearly 40 racers from the neighboring island of Guam and other countries in November 2023.
-
MRA hosted a series of points races from January through July 2023. The major event was held in November 2023. 35 racers from Guam traveled to the CNMI to participate in a two day race with MRA members. Over 100 racers participated in the event. Maintenance of the facitlities was continued in 2023, funded mostly by membership dues and race fees.
Expenses $59,052 · Revenue $19,651
As filed on the 2023 return.
Listed in Part VII
-
Charles V Cepeda
President
- Total calculated
- $0
- Hours/week
- 2
-
Justis Alvarez
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Eleanor Cepeda
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
David J Burger
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Bridget Camacho
Board Member
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349300407
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.