Overview
What is Reno Air Racing Association Inc?
Reno Air Racing Association Inc, based in Reno, Nevada, is a renowned nonprofit organization that annually attracts over 100,000 visitors worldwide. Their primary mission is to produce a thrilling air racing and air show event, celebrating the world's fastest motorsport. They are dedicated to delivering a safe, entertaining, and exhilarating experience for fans, while also recognizing military personnel and inspiring young minds. In alignment with their objectives, they offer STEM education programs for students, providing them with hands-on learning experiences about aviation. The association further honors their commitment to the community by offering free admission to local charities and schools, as well as providing funding opportunities for local service organizations. In 2022, they hosted around 6,000 students for free to learn about aviation and offered free admission to over 1,000 military members. Additionally, they awarded flight scholarships to 10 young adults to achieve their private pilot licenses. With a team of 22 dedicated individuals, Reno Air Racing Association Inc continues to make significant contributions to the community and fosters a passion for aviation among the younger generation.
Official website here: www.airrace.org
Is Reno Air Racing Association Inc legitimate?
Reno Air Racing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reno Air Racing Association Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $133,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,941
For more financial information, click here
Official website here: www.airrace.org
What is the mission statement of Reno Air Racing Association Inc?
The Reno Air Racing Association Inc's mission is centered around producing a premier air racing event, celebrating the world's fastest motorsport. They are dedicated to delivering a safe, entertaining, and thrilling experience for spectators. Furthermore, the association places significance on honoring the military, inspiring young individuals, and boosting their community, economy, and culture. Their commitment to these endeavors is fueled by their decades of success.
Official website here: www.airrace.org
Who is the CEO of Reno Air Racing Association Inc?
Tony Logoteta is the Chief Operating Officer of Reno Air Racing Association Inc. The CEO's salary of Reno Air Racing Association Inc is $50,000 and their total compensation is $50,000.
Official website here: www.airrace.org
What is the revenue of Reno Air Racing Association Inc?
Reno Air Racing Association Inc's revenue in 2022 was $5,115,965.
Official website here: www.airrace.org
Who are the executives of Reno Air Racing Association Inc and what are their salaries?
The average compensation at Reno Air Racing Association Inc during 2022 was $15,325. There are 22 employees and 1,200 volunteers at Reno Air Racing Association Inc.
Here are 12 key members and their salaries (Reno Air Racing Association Inc's CEO's salary is $50,000 and their total compensation is $50,000):
- Tony Logoteta (Chief Operating Officer) [Trustee/Director]
- Frederick Telling (Chairman/Ceo) [Trustee/Director]
- Terry Matter (Vice Chair) [Trustee/Director]
- Joey Scolari (Secretary) [Trustee/Director]
- Mark Bailey (Treasurer) [Trustee/Director]
- Mary Beth Sewald (Director)
- Fay Gregory (Director)
- Todd Donahue (Director)
- Bobbi Thompson (Director)
- Tony Marini (Director)
- Sue Gardner (Director)
- William Freeman (Director)
Official website here: www.airrace.org
Where can I find the form 990 for Reno Air Racing Association Inc?
The Reno Air Racing Association Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.airrace.org
Learn more at the official website: www.airrace.org
Mission Statement of Reno Air Racing Association Inc
Reno Air Racing Association Inc, a renowned organization, is dedicated to producing a remarkable air racing event. Their primary mission is to celebrate and perpetuate the world's fastest motorsport, delivering an engaging and thrilling experience to spectators. Beyond the thrill of the race, the association also honors the military, paying tribute to their service and valor. Recognizing the importance of inspiring the younger generation, Reno Air Racing Association Inc strives to motivate youth through this event. Moreover, the organization aims to strengthen the community, economy, and culture by hosting this unique event. Their commitment to safety ensures that the event remains enjoyable and secure for all participants.
Impact
This information is meant to be a general summary of Reno Air Racing Association Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
The Reno Air Racing Association Inc's impact is significant as it produces a unique air racing event that attracts over 100,000 attendees annually from around the world. The association's partnership with various organizations allows them to host thousands of students for educational purposes, provide free admission to military members on special days, and offer scholarships for young adults pursuing a private pilot license. In addition, the association donates over $75,000 worth of free admission to local charities and schools each year, and provides fundraising opportunities for local profit service organizations. Overall, the Reno Air Racing Association's efforts not only celebrate and perpetuate the world's fastest motorsport but also honor the military, inspire youth, and strengthen the community, economy, and culture of the Reno area.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Ticket Sales
Revenue
$3,209,188
Racing Event Revenue
Revenue
$1,045,518
Organization Details
Founding Year
1964
Phone
(775) 972-6663
Principal Officer
Tony Logoteta
Main Address
14501 Mt Anderson Street, Reno, NV, 89506
Website
www.airrace.org
NTEE Category
Code: N70 - Recreation
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