UTAH MOTORSPORTS FOUNDATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization
UTAH MOTORSPORTS FOUNDATION (EIN 87-0628481)
Tax period
2010-05-01 to 2011-04-30
Filed
2011-09-15
IRS object ID
201142589349300014
Schema version
2010v3.2
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)
Timestamp2011-09-15T09:26:39-06:00Timestamp
Tax Period End Date2011-04-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1B TAYLOR ASSOCIATES CPAS PCBusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line12102 E 3300 SAddressLine1
CitySALT LAKE CITYCity
StateUTState
ZIP Code84109ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2010-05-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN870628481EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1UTAH MOTORSPORTS FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlUTAHNameControl
Phone8013280629Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1764 WEST SOUTH TEMPLEAddressLine1
CitySALT LAKE CITYCity
StateUTState
ZIP Code84104ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NameMIKE NISHName
TitleTRUSTEETitle
Phone8013280629Phone
Date Signed2011-09-11DateSigned
Authorize Third PartyfalseAuthorizeThirdParty

Preparer Preparer

FieldValueIRS element (for citing)
NameBECKY B TAYLORName
Phone8014864360Phone
Date Prepared2011-09-15DatePrepared
FieldValueIRS element (for citing)
Tax Year2010TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonMIKE NISHNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1764 WEST SOUTH TEMPLEAddressLine1
CitySalt Lake CityCity
StateUTState
ZIP Code84104ZIPCode
FieldValueIRS element (for citing)
Gross Receipts42999GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
All Affiliates IncludedfalseAllAffiliatesIncluded
Organization501c3XOrganization501c3
Web SiteN/AWebSite
Type Of Organization TrustXTypeOfOrganizationTrust
Year Formation2000YearFormation
State Legal DomicileUTStateLegalDomicile
Activity Or Mission DescriptionRAISING FUNDS TO ASSIST INDIVIDUALS IN NEED IN THE MOTORSPORTS INDUSTRYActivityOrMissionDescription
Nbr Voting Members Governing Body4NbrVotingMembersGoverningBody
Nbr Independent Voting Members4NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Gross UBI417TotalGrossUBI
Contributions Grants Prior Year52819ContributionsGrantsPriorYear
Contributions Grants Current Year41023ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year3592InvestmentIncomePriorYear
Investment Income Current Year1559InvestmentIncomeCurrentYear
Other Revenue Current Year417OtherRevenueCurrentYear
Total Revenue Prior Year56411TotalRevenuePriorYear
Total Revenue Current Year42999TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year29977GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY10750GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year0TotalFundrsngExpCurrentYear
Other Expense Prior Year2528OtherExpensePriorYear
Other Expenses Current Year3081OtherExpensesCurrentYear
Total Expenses Prior Year32505TotalExpensesPriorYear
Total Expenses Current Year13831TotalExpensesCurrentYear
Revenues Less Expenses Prior Year23906RevenuesLessExpensesPriorYear
Revenues Less Expenses CY29168RevenuesLessExpensesCY
Total Assets BOY392280TotalAssetsBOY
Total Assets EOY421448TotalAssetsEOY
Total Liabilities EOY0TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY392280NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY421448NetAssetsOrFundBalancesEOY
Mission DescriptionRAISING FUNDS TO ASSIST INDIVIDUALS IN NEED IN THE MOTORSPORTS INDUSTRYMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense3500Expense
DescriptionGAVE ASSISTANCE TO 3 INDIVIDUALS TO ASSIST THEM WITH THEIR MEDICAL NEEDSDescription

Activity2 Activity2

FieldValueIRS element (for citing)
Expense3000Expense
DescriptionGAVE ASSISTANCE TO 2 INDIVIDUALS TO ASSIST THEM WITH THEIR FINANCIAL NEEDSDescription

Activity3 Activity3

FieldValueIRS element (for citing)
Expense4250Expense
DescriptionGAVE ASSISTANCE TO 3 INDIVIDUALS FAMILIES TO ASSIST THEM WITH THEIR FUNERAL EXPENSESDescription
FieldValueIRS element (for citing)
Total Program Service Expense10750TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredfalseScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentsfalseTermOrPermanentEndowments
Report Land Bldg EquipfalseReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotefalseReportFin48Footnote
Independent Audit Financial StmtfalseIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiesfalseFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualsfalseGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Invest Tax Exempt BondsfalseInvestTaxExemptBonds
Escrow AccountfalseEscrowAccount
On Behalf Of IssuerfalseOnBehalfOfIssuer
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredfalseScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Compliance With Backup WitholdingfalseComplianceWithBackupWitholding
Number Of Employees0NumberOfEmployees
Employment Tax Returns FiledfalseEmploymentTaxReturnsFiled
Unrelated Business IncomefalseUnrelatedBusinessIncome
Form990-T FiledfalseForm990-TFiled
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Form8886 T FiledfalseForm8886TFiled
Non Deductible ContributionsfalseNonDeductibleContributions
Non Deductible DisclosurefalseNonDeductibleDisclosure
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Quid Pro Quo DisclosurefalseQuidProQuoDisclosure
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Form8899 FiledfalseForm8899Filed
Form1098 C FiledfalseForm1098CFiled
Excess Business HoldingsfalseExcessBusinessHoldings
Taxable DistributionsfalseTaxableDistributions
Distribution To DonorfalseDistributionToDonor
Filed Lieu1041falseFiledLieu1041
Licensed More Than One StatefalseLicensedMoreThanOneState
Indoor Tanning ServicesfalseIndoorTanningServices
Form720 FiledfalseForm720Filed
Nbr Voting Governing Body Members4NbrVotingGoverningBodyMembers
Number Independent Voting Members4NumberIndependentVotingMembers
Family Or Business RelationshiptrueFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodyfalseMinutesOfGoverningBody
Minutes Of CommitteesfalseMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Policies Reference ChaptersfalsePoliciesReferenceChapters
Form990 Provided To Governing BodyfalseForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Annual Disclosure Covered PersonsfalseAnnualDisclosureCoveredPersons
Regular Monitoring EnforcementfalseRegularMonitoringEnforcement
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Written Policy Or ProcedurefalseWrittenPolicyOrProcedure
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

FieldValueIRS element (for citing)
Business Name Line1THE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Telephone Number8013280629TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1764 WEST SOUTH TEMPLEAddressLine1
CitySALT LAKE CITYCity
StateUTState
ZIP Code84104ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekIndividual Trustee Or DirectorIndividualTrusteeOrDirectorReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
TERRY NISH
TRUSTEE5.00X000
KENT KNOWLEY
TRUSTEE1.00X000
MIKE CHAPMAN
TRUSTEE1.00X000
PAT SULLIVAN
TRUSTEE1.00X000
FH PEASE JR
TRUSTEE1.00X000
CECIL MCCRAY
TRUSTEE5.00X000
MIKE NISH
TRUSTEE5.00X000
SAM JAMES
TRUSTEE1.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
Fundraising Events41023FundraisingEvents
Total Contributions41023TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column1559TotalRevenueColumn

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column0TotalRevenueColumn

Other Revenue Misc OtherRevenueMisc

FieldValueIRS element (for citing)
DescriptionUS TREASURY REFUND - STATUS CHANGEDescription
Total Revenue Column417TotalRevenueColumn
Unrelated Business Revenue417UnrelatedBusinessRevenue
FieldValueIRS element (for citing)
Total Other Revenue417TotalOtherRevenue

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column42999TotalRevenueColumn
Unrelated Business Revenue417UnrelatedBusinessRevenue

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total10750Total
Program Services10750ProgramServices

Fees For Services Legal FeesForServicesLegal

FieldValueIRS element (for citing)
Total135Total
Management And General135ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total845Total
Management And General845ManagementAndGeneral

Advertising Advertising

FieldValueIRS element (for citing)
Total559Total
Management And General559ManagementAndGeneral

Occupancy Occupancy

FieldValueIRS element (for citing)
Total1200Total
Management And General1200ManagementAndGeneral

Other Expenses OtherExpenses (2 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneral
POSTAGE & SHIPPING220220
LICENSES122122

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total13831Total
Program Services10750ProgramServices
Management And General3081ManagementAndGeneral
Fundraising0Fundraising

Cash Non Interest Bearing CashNonInterestBearing

FieldValueIRS element (for citing)
BOY53080BOY
EOY55039EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY339200BOY
EOY366409EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY392280BOY
EOY421448EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY0BOY
EOY0EOY
FieldValueIRS element (for citing)
Do Not Follow SFAS117XDoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

FieldValueIRS element (for citing)
BOY392280BOY
EOY421448EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY392280BOY
EOY421448EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY392280BOY
EOY421448EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses29168ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedfalseFSAudited
Audit CommitteefalseAuditCommittee
Federal Grant Audit RequiredfalseFederalGrantAuditRequired
Federal Grant Audit PerformedfalseFederalGrantAuditPerformed

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2XPubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years85578CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years69673CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years95566CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year52819CurrentTaxYearMinus1Year
Current Tax Year41023CurrentTaxYear
Total344659Total

Total509 Total509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years85578CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years69673CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years95566CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year52819CurrentTaxYearMinus1Year
Current Tax Year41023CurrentTaxYear
Total344659Total
FieldValueIRS element (for citing)
Public Support Total509344659PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4250CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years6551CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years7389CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3592CurrentTaxYearMinus1Year
Current Tax Year1559CurrentTaxYear
Total23341Total

Investment Income And UBTI InvestmentIncomeAndUBTI

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years4250CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years6551CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years7389CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year3592CurrentTaxYearMinus1Year
Current Tax Year1559CurrentTaxYear
Total23341Total

Other Income509 OtherIncome509

FieldValueIRS element (for citing)
Current Tax Year417CurrentTaxYear
Total417Total

Total Support Total TotalSupportTotal

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years89828CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years76224CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years102955CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year56411CurrentTaxYearMinus1Year
Current Tax Year42999CurrentTaxYear
Total368417Total
FieldValueIRS element (for citing)
Public Support Percentage5090.93550PublicSupportPercentage509
Investment Income Percentage0.06340InvestmentIncomePercentage
Thirty Three Percnt Tests CY509XThirtyThreePercntTestsCY509
Facts And Circumstances TestPART III SECTION B LINE 12 US TREASURY REFUND TAXES IN AMOUNT OF $417 DUE TO CHANGE IN STATUS FROM A 990 PF TO A 990. JUST FINISHED 60 MONTH TERMINATIONFactsAndCircumstancesTest

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation

FieldValueIRS element (for citing)
ExplanationPART VI SECTION A 2 TERRY NISH IS MIKE NISH'S FATHER PART VI SECTION B LINE 11A COPIES OF 990 ARE MADE AVAILABLE IN PDF FORMAT AND EMAILED PER REQUEST PART VI SECTION 3 LINE 19 COPIES OF ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUESTExplanation

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