2025-11-15T13:35:27-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1188 PADRE DRIVE STE 101 SALINAS CA 93901 990 2024-01-01 812822543 FRIENDS OF LAGUNA SECA FRIE 8312428201 18900 PORTOLA DRIVE SALINAS CA 93908 ROSS MERRILL PRESIDENT 8312428201 2025-11-13 1 1 AUTUMN ROSSI P01404602 8317596300 2025-11-13 2024 2025-03-06 01:10:19Z X ROSS MERRILL 18900 PORTOLA DRIVE SALINAS CA 93908 16895156 0 X HTTPS://WEATHERTECHRACEWAY.COM/ X 2016 CA TO SUPPORT THE MONTEREY COUNTY LAGUNA SECA RECREATION AREA AND ITS RELATED FACILITIES, ACTIVITIES AND EVENTS. 6 6 71 100 0 0 10040748 6408241 98979 -181264 16366704 0 0 1932828 0 30527 4712554 6645382 9721322 10969174 1247852 9721322 X RESTORE AND REVITALIZE THIS ICONIC RACING AND RECREATION ASSET TO CREATE THE NEXT GREAT WORLD ATTRACTION TO STAND ALONGSIDE OTHER AREA ECONOMIC DRIVERS INCLUDING: CANNERY ROW, THE MONTEREY BAY AQUARIUM, PEBBLE BEACH, AND CARMEL BY THE SEA. PRESERVE THE HISTORIC RACING LEGACY, AND CREATE A PATH TO SUCCESS, ENSURING THAT LAGUNA SECA REMAINS A VITAL ENGINE TO THE LOCAL ECONOMY AND OUR VOLUNTEER-DRIVEN ORGANIZATIONS. 0 0 4607941 0 6226977 SEAMLESSLY TRANSITION OPERATIONS TO FLS AND IMMEDIATELY BEGIN THE PROCESS OF ENHANCING AND IMPROVING SERVICES TO VISITORS OF LSRA, IN AN ABIDING SENSE OF DUTY TO THE COMMUNITY. WE THEN BEGIN TO FULFILL THE $50 MILLION DOLLAR COMMITMENT THROUGH REVENUES DERIVED FROM DONATIONS, NET OPERATING INCOME, SPONSORSHIPS AND MEANINGFUL NEW PARTNERSHIPS WITH MOTORSPORTS, TECHNOLOGY, AND LOCAL INDUSTRIES. 4607941 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 71 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 CA X KEVIN ALLEN 8312428201 1021 MONTEREY SALINAS HIGHWAY SALINAS CA 93908 ROSS MERRILL PRESIDENT 8.00 X X 0 0 0 BRUCE CANEPA VICE PRESIDENT 8.00 X X 0 0 0 JASON RETTERER SECRETARY/TREASURER 2.00 X X 0 0 0 JONATHAN FEIBER DIRECTOR 2.00 X 0 0 0 GORDON MCCALL DIRECTOR 2.00 X 0 0 0 NED SPIEKER DIRECTOR 2.00 X 0 0 0 LAURI EBERHART CEO 40.00 X 194382 0 0 KEVIN ALLEN CFO 40.00 X 191720 0 15903 JOHN NARIGI GENERAL MANAGER 40.00 X 271683 0 0 APRIL HENDERSON VP OF EVENTS 40.00 X 152299 0 8047 BARRY TOEPKE VP COMMUNICATIONS 40.00 X 146441 0 0 JEANIE SUMNERS VP OF MARKETING 40.00 X 117381 0 14185 GAYLE DAVIES VP OF BUSINESS ADMIN 40.00 X 113000 0 13659 1186906 0 51794 7 0 1 0 CHOURA EVENTS 540 HAWAII AVE TORRANCE CA 90503 OUTDOOR BUILD AND EVENTS 403683 AMERICAN MEDICAL RESPONSE WEST 2511 GARDEN RD MONTEREY CA 93940 MEDICAL SERVICES 231056 COX & YOUNG VENTURES LLC 447 FIGUEROA STREET MONTEREY CA 93940 CATERING 181388 COASTAL ROOTS EVENTS AND CATERING 2999 MONTEREY SALINAS HWY MONTEREY CA 93940 CATERING EVENTS 119480 4 10040748 10040748 TICKETS AND CAMPING 900099 3522653 3522653 TRACK RENTAL 900099 2317727 2317727 OPERATIONS 900099 567861 567861 6408241 98979 98979 347188 528452 -181264 -181264 16366704 6226977 0 98979 X 401997 375180 26817 1212968 948912 264056 198104 120389 77715 119759 102738 17021 309408 25150 284258 430895 765 430130 280341 272037 6228 2076 900 900 178713 112357 66356 149311 23912 125399 7371 7371 2271 2271 121679 121679 EQUIPMENT 1012386 1012386 OUTSIDE SERVICES 692910 269016 423894 EVENT EXPENSES 295286 295286 VEHICLES 227715 227715 1003368 814727 187007 1634 6645382 4607941 2006914 30527 0 8462304 0 1725502 0 39140 0 629735 0 99323 13170 0 0 13170 0 10969174 0 409064 0 838788 0 1247852 X 0 9721322 0 9721322 0 10969174 9721322 0 X X 0 0 0 X 0 0 0 0 10040748 10040748 0 0 0 0 6755429 6755429 16796177 16796177 5000000 5000000 0 5000000 5000000 11796177 0 0 0 0 98979 98979 98979 98979 16895156 16895156 0.69820 0.00590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13170 13170 13170 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 CONTRIBUTION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 JOHN NARIGI GENERAL MANAGER 271683 0 0 0 0 0 0 0 0 0 271683 0 0 0 KEVIN ALLEN CFO 191720 0 0 0 0 0 0 0 15903 0 207623 0 0 0 LAURI EBERHART CEO 194382 0 0 0 0 0 0 0 0 0 194382 0 0 0 APRIL HENDERSON VP OF EVENTS 152299 0 0 0 0 0 0 0 8047 0 160346 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE CORPORATION HAS ONE CLASS OF MEMBERS ONLY, AND EACH MEMBER HAS EQUAL VOTING AND OTHER RIGHTS. NO PERSON MAY HOLD MORE THAN ONE MEMBERSHIP IN THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE 990 RETURN IS DISCUSSED AMONG BOARD MEMBERS AT QUARTERLY OR ANNUAL BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 12 AN "INTERESTED PERSON" IS ANY DIRECTOR, PRINCIPAL OFFICER, OR MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS, WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW. A PERSON HAS A "FINANCIAL INTEREST" IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT, OR FAMILY: (A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY IN WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT; (B) A COMPENSATION ARRANGEMENT WITH THE ORGANIZATION OR WITH ANY ENTITY WITH WHICH THE ORGANIZATION HAS A TRANSACTION OR ARRANGEMENT; OR ( C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH THE ORGANIZATION IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. DETERMINATION OF WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST. (A) AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, . BUT AFTER THE PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. (B) THE CHAIRPERSON OF THE GOVERNING BODY OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. ( C) AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT VIOLATIONS OF THE CONFLICTS OF INTEREST POLICY. (A) IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED. TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. (B) IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: (A) HAS RECEIVED A COPY OF THIS CONFLICT OF INTEREST POLICY STATEMENT; (B) HAS READ AND UNDERSTANDS THE STATEMENT; (C) HAS AGREED TO COMPLY WITH THE STATEMENT; AND (D) UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 158,956. MANAGEMENT AND GENERAL EXPENSES 6,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 165,591. TRACK: PROGRAM SERVICE EXPENSES 161,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 161,000. PRINTING AND POSTAGE: PROGRAM SERVICE EXPENSES 148,586. MANAGEMENT AND GENERAL EXPENSES 6,499. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,085. TAXES AND LICENCES: PROGRAM SERVICE EXPENSES 79,153. MANAGEMENT AND GENERAL EXPENSES 17,145. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 96,298. SANITATION: PROGRAM SERVICE EXPENSES 91,319. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 91,319. REPAIRS AND MAINTENANCE: PROGRAM SERVICE EXPENSES 88,509. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 88,509. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 21,763. MANAGEMENT AND GENERAL EXPENSES 60,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 82,330. BANK CHARGES: PROGRAM SERVICE EXPENSES 30,342. MANAGEMENT AND GENERAL EXPENSES 45,921. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,263. SUPPLIES: PROGRAM SERVICE EXPENSES 24,721. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,721. COMMUNICATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,501. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,501. VOLUNTEER SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 19,550. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,550. UNIFORMS: PROGRAM SERVICE EXPENSES 10,378. MANAGEMENT AND GENERAL EXPENSES 568. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 10,946. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,805. FUNDRAISING EXPENSES 1,634. TOTAL EXPENSES 3,439. MEALS AND ENTERTAINMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,610. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,610. ALARM SYSTEMS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,206. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,206. FORM 990, PART XII, LINE 2: AN AUDIT OF THE 2024 FINANCIAL YEAR IS CURRENTLY IN PROCESS