Grand Rapids Speedway Inc
Revenue
$271k
year to 31 December 2024
Expenses
$279k
year to 31 December 2024
Total assets
$34k
$0 liabilities
Net assets
$34k
assets less liabilities
Directors and trustees
6
6.1 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Voting members
6
reported in Part VI
Grand Rapids Speedway Inc's network
6 peoplei6 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (6). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
6 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 6 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Bob Broking | President | 2020 | 6 yrs |
| Caley Emerson | Board Member | 2020 | 6 yrs |
| Dale Laplant | Vice President | 2020 | 6 yrs |
| Gary Reagal | Board Member | 2022 | 4 yrs |
| Jodi Broking | Treasurer | 2020 | 6 yrs |
| Marty Grover | Board Member | 2020 | 6 yrs |
Under 5 years5 to 6 years6 years or more
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Bob Broking | President | 5 | $0 | ||
| Dale Laplant | Vice President | 1 | $0 | ||
| Gary Reagal | Board Member | 1 | $0 | ||
| Caley Emerson | Board Member | 1 | $0 | ||
| Marty Grover | Board Member | 1 | $0 | ||
| Jodi Broking | Treasurer | 5 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Grand Rapids Speedway Inc
- EIN
- 844017266
- Address
- Po Box 424, Grand Rapids, MN, 55744-0424
- State
- Minnesota
- Mission
- We the members of grand rapids speedway inc. Are dedicated in the preservation of dirt track racing in our community. Inspiring interest in learning, convey important values of teamwork, sportmanship and perserverance. Provide a variety of family friendly entertainment for the betterment of our local and adjoining communities. (as filed on the Form 990)
- Activity (NTEE)
- S99 Community improvement and capacity building
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Community Improvement & Capacity Building
- Size band
- 3 (IRS master file code)
- Formed
- 2020
- Principal officer
- Bob Broking (as named on the Form 990)
- IRS ruling date
- 1 September 2021
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 4, latest 2024
Most connected
Longest observed on the filings
≥6years on the filingsBob Broking
≥6years on the filingsCaley Emerson
≥6years on the filingsDale Laplant
≥6years on the filingsJodi Broking
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $34k
- Total liabilities
- $0
- Net assets or fund balances
- $34k
- Contributions and grants received
- $0
- Program service revenue
- $267k
- Employees
- 0
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $271k | $279k | Deficit $8k |
As filed on the IRS Form 990. US dollars.