Circuit Events Local Organizing Committee is a 501(c)(6) organization based in Del Valle, Texas, registered in 2013, with $54,145,048 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$54.1M
▼ 13.9% vs prior year
Community median: $184K
Expenses (FY2024)
$54.1M
Net assets
$1,071
Employees
0
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Circuit Events Local Organizing Committee— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Circuit Events Local Organizing Committee: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Circuit Events Local Organizing Committee: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Circuit Events Local Organizing Committee: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Administration, management, promotion, facilitation, and operation related to hosting the formula one united states grand prix and other events, competitions, and activities as may be hosted by the corporation in the discretion of the board of directors and (2) promote the public interest of the city of austin, travis county, and the state of texas.
Revenue declined from $58.8M (FY2014) to $54.1M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6M
Total liabilities
$1.6M
Net assets
$1,071
Salaries & benefits
$0
0% of expenses
Board members
5
5 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $54,145,048▼13.9% | $54,145,048▼13.9% | $1,071 | $1,597,765▲23.8% | 990 |
| 2023 | $62,855,633▲114% | $62,855,632▲114% | $1,071▲0.1% | $1,290,431▼47.9% | 990 |
| 2022 | $29,370,475▲103% | $29,370,475▲103% | $1,070 | $2,475,880▼57.0% | 990 |
| 2021 | $14,482,431▼49.7% | $14,482,431▼49.7% | $1,070 | $5,758,250▲519% | 990 |
| 2020 | $28,795,471▲332% | $28,795,471▲332% | $1,070 | $929,845▼25.3% | 990 |
| 2019 | $6,657,940▼76.5% | $6,657,940▼76.5% | $1,070▲1.9% | $1,245,214▲43.0% | 990 |
| 2018 | $28,350,109▼13.6% | $28,350,109▼13.6% | $1,050 | $870,656▲1654% | 990 |
| 2017 | $32,813,836▲10.9% | $32,813,836▲10.9% | $1,050 | $49,630▼85.6% | 990 |
| 2016 | $29,596,641▲667% | $29,596,641▲667% | $1,050 | $345,826▼44.9% | 990 |
| 2015 | $3,858,010▼93.4% | $3,858,010▼93.4% | $1,050 | $628,175▲5.5% | 990 |
| 2014 | $58,766,025 | $58,765,945 | $1,050 | $595,391 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Anna Panossian | Secretary | 10 | — |
| Anthony Mills | Member | 1 | — |
| Drew Scheberle | Member | 1 | — |
| Julia Taylor | Chairperson | 1 | — |
| Mark Borskey | Member | 1 | — |
| Contractor | Services | Paid |
|---|---|---|
| Armbrust & Brown Pllc | Legal | $202,375 |
1 grant totaling $54.1M in FY2024. All grants made by Circuit Events Local Organizing Committee →
| Recipient | Purpose | Amount |
|---|---|---|
| Circuit of the Americas | A source of local increment required under texas event trust fund for qualification and reimbursements for the formula 1 united states grand prix and other qualifying events. | $54,140,595 |
Explore more
Data for Circuit Events Local Organizing Committee (EIN 45-2727397) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.