Indiana Open Wheel - View Single Post - Hamilton Named USAC Executive Director

SP Motorsports (Offline)
#23 3/11/15 11:29 AM

Originally Posted by team3521:
Posted by SP motorsports on 5/27/14 at 1:15 pm in a thread that was named "Night before the 500:

I provide the following information for fact purposes only. Not to support any particular view. It has been stated that they are a non-profit which is a realm I make my daily living in. So here is some publicly available information that may or may not support some viewpoints.

According to their IRS form 990 for the fiscal year ended 11/30/2012

Total Revenue: $5,102,264

Total Salaries: $1,393,999

Total Expenses: $4,583,733

Revenue less expenses: $518,531

Total Net Assets: $2,249624

Reportable Compensation:

Kevin Miller $434,000
Jason Smith $95,000

Two main sources of revenue: (not a comprehensive list of all revenue sources)

Race Revenue: $3,013,203
Sponsorship Revenue: $1,530,502

*****All of this information was taken from a 29 page document that is public information.

Now I have a question for all of you.
This information was before Davey was brought on.
Who do you think is going to pay for this?

I posted that information last May to be factual financial information about USAC. I certainly hope it was not the poster's intent to bring it back up to malign USAC.

Also for the record, I enjoy USAC races more than any others. I think it is a great product for the fans.

I am excited to hear about Davey being given this opportunity and I wish him and USAC the absolute best!

4 Likes: BrentTFunk, dirtball, FishBurger, Pat O'Connor Fan