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Employer Identification Number 81-4215124

NXG YOUTH MOTORSPORTS INC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:NXG YOUTH MOTORSPORTS INC
Employer identification number (EIN):81-4215124
EIN Issuing AuthorityInternet
EIN TypeEIN issued after 1st Oct 2010
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code
State of IncorporationIndiana, IN

Organization Overview

Mission StatementAcademy created to serving the youth in Central Indiana and Detroit Michigan
Number of Employees4
Year Formed2016

Organization Governance

Legal DomicileIN
Voting Members - Governing Body4
Voting Members - Independent3

Organization Financials

2023-09-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 11,265
Program Service Revenue from current yearUSD $ 12,757
Investment Income from current yearUSD $ 1,991
Other Revenue from prior yearUSD $ 931
Other Revenue from current yearUSD $ 500
Gross receipts from all sourcesUSD $ 927,312
Net assets / fund balances at end of fiscal yearUSD $ 690,848
Net assets / fund balances at beginning of fiscal yearUSD $ 337,104
Total liabilities at end of fiscal yearUSD $ 26,132
Total liabilities at beginning of fiscal yearUSD $ 8,160
Total assets at end of fiscal yearUSD $ 716,980
Total assets at beginning of fiscal yearUSD $ 345,264
Revenues less expenses for current yearUSD $ 351,817
Revenues less expenses for previous yearUSD $ 132,222
Total expenses for current yearUSD $ 573,397
Total expenses for previous yearUSD $ 535,112
Other expenses in current yearUSD $ 318,534
Other expenses in previous yearUSD $ 269,659
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 254,863
Employee salary and benefits paid in previous yearUSD $ 265,453
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 925,214
Total revenue in previous fiscal yearUSD $ 667,334
Contributions and grants from current yearUSD $ 909,966
Contributions and grants from previous yearUSD $ 655,138
Cost of goods soldUSD $ 2,098
Gross sales of inventory assetsUSD $ 2,598
2022-09-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 10,336
Program Service Revenue from current yearUSD $ 11,265
Investment Income from current yearUSD $ 0
Other Revenue from prior yearUSD $ 750
Other Revenue from current yearUSD $ 931
Gross receipts from all sourcesUSD $ 669,164
Net assets / fund balances at end of fiscal yearUSD $ 337,104
Net assets / fund balances at beginning of fiscal yearUSD $ 204,830
Total liabilities at end of fiscal yearUSD $ 8,160
Total liabilities at beginning of fiscal yearUSD $ 1,116
Total assets at end of fiscal yearUSD $ 345,264
Total assets at beginning of fiscal yearUSD $ 205,946
Revenues less expenses for current yearUSD $ 132,222
Revenues less expenses for previous yearUSD $ 169,366
Total expenses for current yearUSD $ 535,112
Total expenses for previous yearUSD $ 481,294
Other expenses in current yearUSD $ 269,659
Other expenses in previous yearUSD $ 272,556
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 265,453
Employee salary and benefits paid in previous yearUSD $ 208,738
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 667,334
Total revenue in previous fiscal yearUSD $ 650,660
Contributions and grants from current yearUSD $ 655,138
Contributions and grants from previous yearUSD $ 639,574
Cost of goods soldUSD $ 1,830
Gross sales of inventory assetsUSD $ 2,761
2021-09-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 10,741
Program Service Revenue from current yearUSD $ 10,336
Investment Income from current yearUSD $ 0
Other Revenue from current yearUSD $ 750
Gross receipts from all sourcesUSD $ 650,660
Net assets / fund balances at end of fiscal yearUSD $ 204,830
Net assets / fund balances at beginning of fiscal yearUSD $ 35,464
Total liabilities at end of fiscal yearUSD $ 1,116
Total assets at end of fiscal yearUSD $ 205,946
Total assets at beginning of fiscal yearUSD $ 35,464
Revenues less expenses for current yearUSD $ 169,366
Revenues less expenses for previous yearUSD $ 5,327
Total expenses for current yearUSD $ 481,294
Total expenses for previous yearUSD $ 104,439
Other expenses in current yearUSD $ 272,556
Other expenses in previous yearUSD $ 72,715
Total fundraising expenses in current yearUSD $ 3,178
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 208,738
Employee salary and benefits paid in previous yearUSD $ 31,724
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Total revenue in current fiscal yearUSD $ 650,660
Total revenue in previous fiscal yearUSD $ 109,766
Contributions and grants from current yearUSD $ 639,574
Contributions and grants from previous yearUSD $ 99,025
Gross sales of inventory assetsUSD $ 750
2020-09-30
Gross receipts from all sourcesUSD $ 109,766
Net assets / fund balances at end of fiscal yearUSD $ 35,464
Net assets / fund balances at beginning of fiscal yearUSD $ 30,137
Contributions, Grants, Gifts etc from current yearUSD $ 99,025
Total revenueUSD $ 109,766
Employees salaries and other compensation and benefitsUSD $ 31,724
Fees and other payments to independent contractorsUSD $ 28,338
Total of all other expensesUSD $ 16,015
Total of all expensesUSD $ 104,439
Net assets or fund balances at end of yearUSD $ 5,327
Rent, utilities and maintenance costsUSD $ 11,914
2019-09-30
Gross receipts from all sourcesUSD $ 126,555
Net assets / fund balances at end of fiscal yearUSD $ 30,137
Net assets / fund balances at beginning of fiscal yearUSD $ 44,100
Contributions, Grants, Gifts etc from current yearUSD $ 107,650
Total revenueUSD $ 126,555
Employees salaries and other compensation and benefitsUSD $ 25,878
Fees and other payments to independent contractorsUSD $ 44,686
Total of all other expensesUSD $ 36,511
Total of all expensesUSD $ 138,344
Net assets or fund balances at end of yearUSD $ -11,789
Gross sales of inventory assetsUSD $ 550
Gross profit/loss Sales of inventoryUSD $ 550
Rent, utilities and maintenance costsUSD $ 8,945
2018-09-30
Gross receipts from all sourcesUSD $ 141,281
Net assets / fund balances at end of fiscal yearUSD $ 44,100
Net assets / fund balances at beginning of fiscal yearUSD $ 19,421
Contributions, Grants, Gifts etc from current yearUSD $ 130,177
Total revenueUSD $ 141,281
Fees and other payments to independent contractorsUSD $ 52,968
Total of all other expensesUSD $ 51,195
Total of all expensesUSD $ 116,602
Net assets or fund balances at end of yearUSD $ 24,679
Rent, utilities and maintenance costsUSD $ 6,576
2017-09-30
Gross receipts from all sourcesUSD $ 151,960
Net assets / fund balances at end of fiscal yearUSD $ 19,421
Contributions, Grants, Gifts etc from current yearUSD $ 140,260
Total revenueUSD $ 151,960
Employees salaries and other compensation and benefitsUSD $ 35,259
Fees and other payments to independent contractorsUSD $ 45,222
Total of all other expensesUSD $ 43,957
Total of all expensesUSD $ 132,539
Net assets or fund balances at end of yearUSD $ 19,421
Rent, utilities and maintenance costsUSD $ 5,991

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 814215124

USA Mailing Address
1302 N ILLINOIS STREET
INDIANAPOLIS
IN
46202
Date first seen: 2007-07-01
Date last seen: 2024-08-31
USA Mailing Address
1302 N ILLINOIS ST
Indianapolis
IN
462022321
Date first seen: 2019-02-04
Date last seen: 2024-08-09

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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