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Nonprofiteer
← BURKE RACING INC

Form 990 for tax year 2023

Filed by BURKE RACING INC.

Totals

Total revenue
$0
Total expenses
$135,819
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$543,276
Total liabilities, end of year
$480,801
Net assets or fund balances, end of year
$62,475
Program services expenses (Part IX)
$0
Management and general expenses
$135,819
Fundraising expenses
$0
Program service expenses (Part III)
$135,819

Program services were 0.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $135,819 · management and general $135,819

Balance sheet

Part X, book values.

  • 10a · Land, buildings and equipment: cost or other basis

    $1,358,190

  • 10b · Land, buildings and equipment: accumulated depreciation

    $814,914

  • 10c · Land, buildings and equipment, net

    beginning of year $679,095 · end of year $543,276

  • 25 · Other liabilities

    beginning of year $351,354 · end of year $480,801

  • 27 · Net assets without donor restrictions

    beginning of year $327,741 · end of year $62,475

Mission and programs · 2023

Mission

TO SUPPORT THE ALPINE AND NORDIC SKI RACING PROGRAM AND RELATED ACTIVITES OF BURKE MOUNTAIN ACADEMY, INC.

Activities or mission (Part I)

TO SUPPORT THE ALPINE AND NORDIC SKI RACING PROGRAM AND RELATED ACTIVITIES OF BURKE MOUNTAIN ACADEMY.

  • OWNERSHIP OF SKI LIFT USED IN THE OPERATIONS OF BURKE MOUNTAIN ACADEMY, INC.

    Expenses $135,819

As filed on the 2023 return.

Listed in Part VII

  • Willy Booker

    PRESIDENT

    Total calculated
    $315,596
    From this org
    $0
    From related orgs
    $212,250
    Other
    $103,346
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $212,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $45,000 related
    Nontaxable benefits
    $0 + $58,346 related
    Filer's total
    $0 + $315,596 related

  • Kenneth Graham

    DIRECTOR/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Thomas Rolfs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
BURKE MOUNTAIN ACADEMY OWNS A PROPERTY WHICH IS USED AS THE HEADMASTER'S RESIDENCE, PURSUANT TO A REQUIREMENT IN THE HEADMASTER'S EMPLOYMENT CONTRACT. THE VALUE OF THE HOUSING IS INCLUDED IN NONTAXABLE BENEFITS AND APPROXIMATES $36,000, BASED ON LOCAL HOUSING COSTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349303869

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