FURP.ORG / PUBLIC DATA EXPLORER

PHILLIPS COUNTY MOTOR SPORTS: Form 990EZ, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
PHILLIPS COUNTY MOTOR SPORTS (EIN 41-2091901)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-08-17
IRS object ID
202212299349200856
Schema version
2021v4.2
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)
Return2022-08-17T15:32:28-05:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

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 Begin2021-01-01TaxPeriodBeginDt

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
Signature2022-07-29SignatureDt
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

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 Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

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$102,431GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$36,105ContributionsGiftsGrantsEtcAmt
Program Service Revenue$41,498ProgramServiceRevenueAmt
Investment Income$121InvestmentIncomeAmt
Fundraising Gross Income$21,154FundraisingGrossIncomeAmt
Special Events Direct Expenses$1,880SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$19,274SpecialEventsNetIncomeLossAmt
Gross Sales Of Inventory$3,553GrossSalesOfInventoryAmt
Cost Of Goods Sold$2,978CostOfGoodsSoldAmt
Gross Profit Loss Sls Of Invntry$575GrossProfitLossSlsOfInvntryAmt
Total Revenue$97,573TotalRevenueAmt
Grants And Similar Amounts Paid$1,600GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$24,214FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$29,621OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$130PrintingPublicationsPostageAmt
Other Expenses Total$54,932OtherExpensesTotalAmt
Total Expenses$110,497TotalExpensesAmt
Excess Or Deficit For Year-$12,924ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$69,447NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$56,523NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$23,356BOYAmt
EOY$19,135EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$42,402BOYAmt
EOY$62,907EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$3,689BOYAmt
EOY$922EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$69,447BOYAmt
EOY$82,964EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$26,441EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$69,447BOYAmt
EOY$56,523EOYAmt
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
MARTY LUNDSTRUM
VICE PRESIDENT1.00$0$0$0
JACY STOLEM
SECRETARY/TREASURER1.00$0$0$0
DENNY OVERCAST
DIRECTOR1.00$0$0$0
DYLAN BERGOS
DIRECTOR1.00$0$0$0
DAN JOHNSON
DIRECTOR1.00$0$0$0
FRANK BALDICK
DIRECTOR1.00$0$0$0
DAVE 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)
Phone4066542340PhoneNum
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$21,154GrossReceiptsEvent1Amt
Gross Revenue Event1$21,154GrossRevenueEvent1Amt
Cash Prizes Event1$1,880CashPrizesEvent1Amt
Gross Receipts Total$21,154GrossReceiptsTotalAmt
Gross Revenue Total Events$21,154GrossRevenueTotalEventsAmt
Cash Prizes Total Events$1,880CashPrizesTotalEventsAmt
Direct Expense Summary Events$1,880DirectExpenseSummaryEventsAmt
Net Income Summary$19,274NetIncomeSummaryAmt

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: 121. TOTAL TO FORM 990-EZ, LINE 14: 29,621.
FORM 990-EZ, PART I, LINE 7 - SALES OF INVENTORYINCOME: GROSS RECEIPTS: 3,553. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 2,978. GROSS PROFIT: 575. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 2,978. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 2,978.
FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAIDACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: SCHOLARSHIPS. DATE OF GIFT: 01/22/21. AMOUNT GIVEN: 1,500.
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: 03/28/21. AMOUNT GIVEN: 100. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 1,600.
FORM 990-EZ, PART I, LINE 14DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 18,291. DESCRIPTION: OTHER EXPENSES. AMOUNT: 11,330.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: WINNINGS PAYOUT. AMOUNT: 25,694. DESCRIPTION: SUPPLIES. AMOUNT: 14,773. DESCRIPTION: INSURANCE. AMOUNT: 7,286. DESCRIPTION: OFFICE EXPENSES. AMOUNT: 1,384. DESCRIPTION: TRAVEL & FUEL. AMOUNT: 732. DESCRIPTION: ADVERTISING. AMOUNT: 817. DESCRIPTION: FEES. AMOUNT: 1,845. DESCRIPTION: MEALS. AMOUNT: 384. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 50. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 607. DESCRIPTION: FACILITIES IMPROVEMENTS. AMOUNT: 1,360. TOTAL TO FORM 990-EZ, LINE 16: 54,932.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: SOFTWARE UPGRADES, NET OF AMORTIZATION. BEG. OF YEAR AMOUNT: 3,689. END OF YEAR AMOUNT: 922.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: FIRST STATE BANK LOAN. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 26,436. DESCRIPTION: ROUNDING. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 5.

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