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Night Before The 500
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Kinser11
(Offline)
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59
5/27/14 10:42 PM
Originally Posted by
SP Motorsports
:
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 relm I make my daily living in. So here is some publically 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.
I am sure glad I choose the Little 500 over the Night before the 500. I would of been really p+ssy if I had paid to see 11 cars then read this. This fan is going to avoid lining the USAC Presidents pockets. This is just like the Girl Scout Cookie Scam The Girls that sell them get like $.35 for the troop. And the rest is administration cost. Give the troop a $20.00 and go buy some other cookies. The track owner and the racer put it all on the line and USAC Laughs all the way to the bank. With information like this all racers should boycott all USAC events.
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