FURP.ORG / PUBLIC DATA EXPLORER

PHILLIPS COUNTY MOTOR SPORTS: Form 990EZ, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS COUNTY MOTOR SPORTS (EIN 41-2091901)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-06-22
IRS object ID
202301739349201000
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-06-22T11:39:11-05:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN810415266PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CHMS PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 1239AddressLine1Txt
CityMALTACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59538ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN412091901EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PHILLIPS COUNTY MOTOR SPORTS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPHILBusinessNameControlTxt
Phone4066542430PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 31AddressLine1Txt
CityMALTACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59538ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJACY STOLEMPersonNm
Person TitleTREASURERPersonTitleTxt
Phone4066542430PhoneNum
Signature2023-06-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJACYPersonFirstNm
Person LastSTOLEMPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARTIN A JOHNSON CPAPreparerPersonNm
PTINP00097561PTIN
Phone4066541575PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressWWW.PCMOTORSPORTS.ORGWebsiteAddressTxt
Organization501cYes (X)Organization501cInd
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$152,157GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$40,003ContributionsGiftsGrantsEtcAmt
Program Service Revenue$74,720ProgramServiceRevenueAmt
Investment Income$89InvestmentIncomeAmt
Fundraising Gross Income$33,305FundraisingGrossIncomeAmt
Special Events Direct Expenses$2,355SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$30,950SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$4,040GrossSalesOfInventoryAmt
Cost Of Goods Sold$1,945CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$2,095GrossProfitLossSlsOfInvntryAmt
Total Revenue$147,857TotalRevenueAmt
Grants And Similar Amounts Paid$600GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$38,344FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$27,313OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$136PrintingPublicationsPostageAmt
Other Expenses Total$69,488OtherExpensesTotalAmt
Total Expenses$135,881TotalExpensesAmt
Excess Or Deficit For Year$11,976ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$56,523NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$68,499NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$19,135BOYAmt
EOY$35,623EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$62,907BOYAmt
EOY$50,116EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$922BOYAmt
EOY$4,278EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$82,964BOYAmt
EOY$90,017EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$26,441BOYAmt
EOY$21,518EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$56,523BOYAmt
EOY$68,499EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeTHE BUSINESS PURPOSE OF THIS CORPORATION SHALL BE TO WORK FOR THE PROMOTION AND ECONOMIC DEVELOPMENT AND TOURISM IN PHILLIPS COUNTY, IN THE STATE OF MONTANA.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomTHE BUSINESS AND PURPOSE OF THIS ORGANIZATION SHALL BE TO WORK FOR THE PROMOTION AND ECONOMIC DEVELOPMENT AND TOURISM IN PHILLIPS COUNTY, IN THE STATE OF MONTANADescriptionProgramSrvcAccomTxt
Grants And Allocations$0GrantsAndAllocationsAmt
Program Service Expenses$0ProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (12 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
DAN STOUT
PRESIDENT1.00$0$0$0
SHANE CARNAHAN
VICE PRESIDENT1.00$0$0$0
JACY STOLEM
SECRETARY/TREASURER1.00$0$0$0
DENNY OVERCAST
DIRECTOR1.00$0$0$0
RANDY PEIGNEUX
DIRECTOR1.00$0$0$0
DAN JOHNSON
DIRECTOR1.00$0$0$0
FRANK BALDICK
DIRECTOR1.00$0$0$0
DAN OLSON
DIRECTOR1.00$0$0$0
DENNIS BEBEE
DIRECTOR1.00$0$0$0
GARY MATHWICH
DIRECTOR1.00$0$0$0
STEVE NIEFFER
DIRECTOR1.00$0$0$0
TERRY TOWNSEND
DIRECTOR1.00$0$0$0
FieldValueIRS element (for citing)
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JACY STOLEMBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 618AddressLine1Txt
CityMALTACityNm
State AbbreviationMTStateAbbreviationCd
ZIP59538ZIPCd
FieldValueIRS element (for citing)
Phone4063990686PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1AUCTION INCOMEEvent1Nm
Gross Receipts Event1$33,305GrossReceiptsEvent1Amt
Gross Revenue Event1$33,305GrossRevenueEvent1Amt
Cash Prizes Event1$2,355CashPrizesEvent1Amt
Gross Receipts Total$33,305GrossReceiptsTotalAmt
Gross Revenue Total Events$33,305GrossRevenueTotalEventsAmt
Cash Prizes Total Events$2,355CashPrizesTotalEventsAmt
Direct Expense Summary Events$2,355DirectExpenseSummaryEventsAmt
Net Income Summary$30,950NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST. AMOUNT: 89. TOTAL TO FORM 990-EZ, LINE 14: 27,313.
FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORYINCOME: GROSS RECEIPTS: 4,040. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 1,945. GROSS PROFIT: 2,095. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 1,945. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 1,945.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: SCHOLARSHIPS. DATE OF GIFT: 04/01/22. AMOUNT GIVEN: 500.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: DONATION. GRANTEE NAME: MALTA BOYS & GIRLS CLUB. GRANTEE ADDRESS: 101 S 7TH W MALTA, MT 59538. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 02/27/22. AMOUNT GIVEN: 100. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 600.
FORM 990-EZ, PART I, LINE 14DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 18,765. DESCRIPTION: OTHER EXPENSES. AMOUNT: 8,548.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: WINNINGS PAYOUT. AMOUNT: 34,358. DESCRIPTION: SUPPLIES. AMOUNT: 19,006. DESCRIPTION: INSURANCE. AMOUNT: 7,503. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,270. DESCRIPTION: TRAVEL & FUEL. AMOUNT: 820. DESCRIPTION: ADVERTISING. AMOUNT: 2,261. DESCRIPTION: FEES. AMOUNT: 1,720. DESCRIPTION: MEALS. AMOUNT: 896. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 400. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 1,254. TOTAL TO FORM 990-EZ, LINE 16: 69,488.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: SOFTWARE UPGRADES, NET OF AMORTIZATION. BEG. OF YEAR AMOUNT: 922. END OF YEAR AMOUNT: 4,278.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: FIRST STATE BANK LOAN. BEG. OF YEAR AMOUNT: 26,436. END OF YEAR AMOUNT: 21,512. DESCRIPTION: ROUNDING. BEG. OF YEAR AMOUNT: 5. END OF YEAR AMOUNT: 6.

Transfer Prsnl Bnft Contracts Decl TransferPrsnlBnftContractsDecl

FieldValueIRS element (for citing)
DeclarationTHE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.DeclarationDesc