Friends of Laguna Seca
Friends of Laguna Seca reported $16.4 million in revenue and $6.6 million in expenses for calendar year 2024. Of every $100 it spent, $69.34 went to program services, $30.20 to management and general costs and $0.46 to fundraising. Its largest source of revenue was contributions and grants: 61.3% of the total. The highest compensation it reported for one person was $271,683 (GENERAL MANAGER). 7 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $6.6MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $16M- Contributions & grants (non-government)$60.68 $10M
- Program service revenue$38.72 $6.4M
- Investment income$0.60 $98,979
Other revenue was negative: −$181K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 69.3% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 30.2% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.5% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 61.3% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 39.2% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $271,683 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.09% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 7 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.6 | 6.8 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSeamlessly 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
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| GENERAL MANAGER Highest compensated employee, 40.00 hrs/week | $271,683 | $0 | $0 | $271,683 |
| CFO Officer, 40.00 hrs/week | $191,720 | $0 | $15,903 | $207,623 |
| CEO Officer, 40.00 hrs/week | $194,382 | $0 | $0 | $194,382 |
| VP OF EVENTS Highest compensated employee, 40.00 hrs/week | $152,299 | $0 | $8,047 | $160,346 |
| VP COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $146,441 | $0 | $0 | $146,441 |
| VP OF MARKETING Highest compensated employee, 40.00 hrs/week | $117,381 | $0 | $14,185 | $131,566 |
| VP OF BUSINESS ADMIN Highest compensated employee, 40.00 hrs/week | $113,000 | $0 | $13,659 | $126,659 |
7 people received more than $100,000 in reportable compensation from Friends of Laguna Seca (Part VII, line 2). Compensation of current officers, directors and key employees totaled $402K (Part IX, line 5).
1 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 571
- Volunteers Part I, line 6100
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| CHOURA EVENTS Outdoor build and events | $403,683 |
| AMERICAN MEDICAL RESPONSE WEST Medical services | $231,056 |
| COX & YOUNG VENTURES LLC Catering | $181,388 |
| COASTAL ROOTS EVENTS AND CATERING Catering events | $119,480 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Friends of Laguna Seca's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Friends of Laguna Seca, you can publish a response that is linked from this page.
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Of every $100 Friends of Laguna Seca spent in 2024, $69.34 went to programs. The full breakdown, from its IRS Form 990:
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All unclassified charities · Largest charities in California
Questions people ask
How much of Friends of Laguna Seca's spending goes to programs?
In calendar year 2024, Friends of Laguna Seca reported that 69.3% of its $6.6 million in expenses went to program services, 30.2% to management and general and 0.5% to fundraising (Form 990, Part IX).
How much does Friends of Laguna Seca pay its top executive?
The largest total compensation Friends of Laguna Seca reported for one person in calendar year 2024 was $271,683, for the role of GENERAL MANAGER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Friends of Laguna Seca get its money?
Of $16.4 million in revenue in calendar year 2024, 61.3% came from contributions and grants and 39.2% from program service revenue (Form 990, Part VIII).
Is Friends of Laguna Seca a registered charity?
The IRS lists EIN 81-2822543 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513199349302676 · read the filing · XML
All filings for EIN 81-2822543: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.