gursesl;301820 wrote: NESBA files form 990, required by IRS from all tax-exempt 501(c), 527 and other tax-exempt organizations. The 990 forms are available to the public and you can obtain your free copy for the last three years, by signing up for a free account from
guidestar.org. Search for "
NORTHEAST SPORTBIKE ASSOCIATION"
If you look at NESBA's books, you may better grasp the situation. The organization has been losing money for at least the last 3-4 years. Their revenues have gone down steadily:
- 2009: $1.9M
- 2010: $1.7M2011: $1.2M2012: $1.1M
According to the IRS files, Bob Blandford is not making any real money ~ roughly $12K/yr, which is laughable, considering the shit he’s taking.
DJ was listed as an officer and board member, but I heard that he's gone. And so is Bob O. who is the only person with a somewhat real salary ~$35K/yr. He left too.
So the books aren’t looking good and from a business perspective, one can understand Bob if he's left with no viable options for the org. There are many factors that are in play, for sure - the economy, declining ridership, state regulations, tracks' fees, but one things is undeniable - NESBA has failed to change with the times. And we're all gonna pay the price, as a community. We have to be honest with ourselves.
I hope that my analysis, and the IRS files are wrong and NESBA, with its great community, can bounce back and we can enjoy many more seasons of fast and safe track time.
Bob, we love you for the things you've done. Thank you and let us know if we can help.
Cheers, L.