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Nonprofiteer
← WOMEN IN MOTORSPORTS NORTH AMERICA INC

Form 990 for tax year 2023

Filed by WOMEN IN MOTORSPORTS NORTH AMERICA INC.

Totals

Total revenue
$836,076
Total expenses
$724,412
Contributions and grants received
$768,834
Grants paid
$211,000
Program service revenue
$67,239
Investment income
$0
Other revenue
$3
Total assets, end of year
$281,830
Total liabilities, end of year
$43,772
Net assets or fund balances, end of year
$238,058
Program services expenses (Part IX)
$700,352
Management and general expenses
$19,841
Fundraising expenses
$4,219
Program service expenses (Part III)
$700,352

Program services were 96.7% 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.

  • 1f · All other contributions, gifts and grants

    $768,834

  • 2a · Program service revenue: REGISTRATION FEES

    total $63,901 · related or exempt $63,901

  • 2b · Program service revenue: PRODUCT SALES

    total $3,338 · related or exempt $3,338

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $3 · related or exempt $3

  • 11e · Other revenue, total

    $3

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $186,000 · program services $186,000

  • 2 · Grants to domestic individuals

    total $25,000 · program services $25,000

  • 5 · Compensation of officers, directors and key employees

    total $77,000 · program services $77,000

  • 10 · Payroll taxes

    total $3,999 · program services $3,999

  • 11b · Fees: legal

    total $11,385 · management and general $11,385

  • 11c · Fees: accounting

    total $8,000 · management and general $8,000

  • 11g · Fees: other

    total $131,216 · program services $131,216

  • 12 · Advertising and promotion

    total $7,526 · program services $3,763 · fundraising $3,763

  • 13 · Office expenses

    total $3,650 · program services $3,650

  • 17 · Travel

    total $22,342 · program services $22,342

  • 23 · Insurance

    total $2,576 · program services $2,576

  • 24a · Other expenses: EVENT COSTS

    total $236,286 · program services $236,286

  • 24b · Other expenses: MERCHANDISE EXPENSE

    total $4,260 · program services $4,260

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,141 · program services $3,141

  • 24d · Other expenses: BANK & CREDIT CARD FEES

    total $1,368 · program services $456 · management and general $456 · fundraising $456

  • 24e · All other expenses

    total $663 · program services $663

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $105,373 · end of year $258,126

  • 4 · Accounts receivable

    beginning of year $15,500 · end of year $23,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,750 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $704

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,229 · end of year $43,772

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $126,394 · end of year $238,058

Mission and programs · 2023

Mission

WOMEN IN MOTORSPORTS NORTH AMERICA IS A COMMUNITY OF PROFESSIONAL WOMEN AND MEN DEVOTED TO SUPPORTING OPPORTUNITIES FOR WOMEN ACROSS ALL DISCIPLINES OF MOTORSPORT BY CREATING AN INCLUSIVE, RESOURCEFUL ENVIRONMENT TO FOSTER MENTORSHIP, ADVOCACY, EDUCATION, AND GROWTH, THEREBY ENSURING THE CONTINUED STRENGTH AND SUCCESSFUL FUTURE OF OUR SPORT.

  • WIMNA HOSTS AN ANNUAL SUMMIT CALLED WOMEN WITH DRIVE (WWD). AS A PROPERTY OF WIMNA, THIS IS AN INDUSTRY EVENT THAT BRINGS TOGETHER INDUSTRY LEADERS, DRIVERS, STUDENTS, AND ASPIRING INDIVIDUALS IN MOTORSPORTS TO DISCUSS CURRENT ISSUES, CHALLENGES AND NEEDS TO ADVANCE OPPORTUNITIES FOR A MORE DIVERSE AND INCLUSIVE ENVIRONMENT TO ULTIMATELY HELP GROW THE MOTORSPORTS INDUSTRY. IN 2023 OVER 450 PEOPLE ATTENDED THE WWD SUMMIT AND THE REVENUE NOTED WERE FOR REGISTRATION FEES AND PRODUCT SALES. ADDITIONAL REVENUE CAME FROM PARTNERS AND SPONSORS WHO SEE THE NEED TO SUPPORT THIS IMPORTANT EDUCATIONAL INITIATIVE.

    Expenses $384,573 · Grants $1,000 · Revenue $61,024

  • WIMNA PARTNERS WITH BOSCH MOTORSPORTS FOR THE WIMNA/BOSCH "ELECTRIFY YOUR CAREER IN MOTORSPORTS" ON MULTI-DAY PROGRAMS HELD AT RACETRACKS TARGETED TO YOUNG WOMEN OF COLLEGE AGE WHO ARE STUDYING ENGINEERING AND INTERESTED IN EXPLORING AND LEARNING ABOUT A WIDE RANGE OF CAREER OPPORTUNITIES IN MOTORSPORTS. THIS IS AN ADVANCED EDUCATIONAL EXPERIENCE. ADDITIONALLY, WIMNA WORKS WITH OTHER GROUPS AND RACE TRACKS TO CREATE PROGRAMS FOR YOUNG WOMEN AND OTHER FEMALES INTERESTED AND LEARNING MORE ABOUT CAREER OPPORTUNITIES IN MOTORSPORTS. REVENUE AND EXPENSES ARE INCLUSIVE OF THE "ELECTRIFY YOUR CAREER AND THESE OTHER EVENTS AT RACETRACKS THROUGHOUT THE YEAR.

    Expenses $85,109 · Revenue $6,218

  • WITH $400K SUPPORT FROM ANHEUSER BUSCH, ACCELERATE HER IS A CONTINGENCY PROGRAM FOR WOMEN RACERS OVER 21 YEARS OF AGE AND LICENSED TO RACE IN ANY NASCAR SANCTIONED RACE. WIMNA CREATED THE POINTS SYSTEM TO AWARD POINTS BASED ON QUALIFYING AND FINISHISNG POSITIONS THAT TAKES INTO CONSIDERATION THE LENGTH OF THE RACE, HOW MANY COMPETITORS IN THE RACE, AND THE CATEGORY OF THE RACING SERIES. WIMNA MAINTAINS THE POINTS THROUGHOUT THE YEAR, PROMOTES THE STANDINGS ON THE WIMNA WEBSITE AND SOCIAL MEDIA, AND DISTRIBUTES THE AWARDED FUNDS TO THE TOP THREE FINISHING DRIVERS AT THE WOMEN WITH DRIVE SUMMIT. THIS IS THE FIRST SUCH CONTINGENGY PROGRAM IN EXISTANCE FOR WOMEN NASCAR RACERS. WE HOPE TO GROW AND EXPAND THIS TYPE OF PROGRAM.

    Expenses $220,670 · Grants $200,000

  • THROUGHOUT THE YEAR THERE ARE OPPORTUNITIES WHERE WOMEN RACING DRIVERS ARE INVITED TO TEST DIFFERENT RACE CARS THAT CAN ENHANCE THEIR CAREERS. OFTEN FUNDS NEEDED TO PARTICIPATE IN THESE TESTS CAN PROHIBIT A FEMALE RACING DRIVER FROM BENEFITNG FROM THIS OPPORTUNITY. AFTER REVIEWING A DRIVERS RESUME AND POTENTIAL, WIMNA CAN CONSIDER ASSISTING IN GENERATING THOSE FUNDS TO ENABLE THESE WOMEN RACERS THE BENEFIT OF THIS IMPORTANT EXPERIENCE IN THEIR CAREERS.

    Expenses $10,000 · Grants $10,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lyn St James

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Beth Paretta

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    6

  • Lauri Eberhart

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Kim McCullough

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Lisa Boggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cindy Sisson

    DIRECTOR

    Total calculated
    $47,449
    From this org
    $47,449
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • Cindy Lucchese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Cindi Lux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Renee Dupuis

    DIRECTOR

    Total calculated
    $11,020
    From this org
    $11,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Ec Mueller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    8

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

  • BROTHERS JORGENSON RACING INC

    $125,000

    ACCELERATE HER

  • DLG INC

    $50,000

    ACCELERATE HER

  • KIWI MOTORSPORT INTERNATIONL LLC

    $10,000

    DRIVER TEST

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403199349308110

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