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Guidestar Site Has Recent AMA Form 990 Filing
"open to public inspection"
by dean adams
Monday, November 23, 2009

We were alerted last night that the Guidestar site, an on-line resource for the records of non-profit organizations, has the most recent Form 990 filed by the American Motorcyclist Association for fiscal year 2007 (ending 9/30/08).

A lengthy PDF file of the filing is available on the guidestar site, after free registration. The direct link to the file is here.

Updated: Here is the file 706k.

Many insiders have been waiting for this filing, expecting it would contain the amount the AMA received from their "sale" of AMA Pro Racing to the Daytona Motorsports Group.

Oddly, it doesn't.

Line 100 of the form, Gain or loss from sales of assets is left blank.

Interestingly, section nine, Information regarding Taxable Subsidiaries and Disregarded Entities still lists "Paradama Productions Inc." (The AMA's long-held for profit racing arm).

As of this filing, the AMA still owned "10,000" percent of Paradama (nature of activities "Professional Racing") and lists $9,043,776 in total Paradama income, and end of year assets of $3,188,648, again for Paradama.

The document itself is quite fascinating to read for any AMA member who has wondered about the financial side of the association.

ENDS

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