Nhra selling calif headquarters - Page 3

Kevin Panzino · 05-23-2021, 10:39 AM

Quote:

Originally Posted by Greenlight

Salary of top brass from 2018 IRS return.

https://imgur.com/E4XUP19

Those are very low salaries for executive compensation compared to most companies.

Adger Smith · 05-23-2021, 03:25 PM

Kevin,
I think your correct, but look at what NHRA has become.
It is a feeding frenzy.
Look how many there are on the 501 feeding tube.
Bleeding it by keeping top execs. and doing away with staff
that do the day to day grind. good old American Corp greed.
Pretty sure most of us agree they haven't done the sport any favors by
the way they have run the business.
Why do you think they will rent office space in California.
There are Executives that want the California life style not the Indiana home lifestyle. They might even be so old they wouldn't make it to an Indiana board meeting.
It is just sad that the sport we had a lifelong love for is in such sad shape.

Mark Yacavone · 05-23-2021, 05:24 PM

Quote:

Originally Posted by Kevin Panzino

Those are very low salaries for executive compensation compared to most companies.

I think they are way more than enough for something that started as a venue to get the kids off the street and into a safe racing environment. It was never intended to be an entertainment circus.

Greg Hill · 05-23-2021, 07:14 PM

These salaries are not reasonable. What do they do to make the sport better or grow it? What do any of them even know about drag racing? These folks have wormed their way into a non profit revenue stream and the salaries may not be as much as they once were, they are still way too high. Maybe the salaries should be partially based on actual performance. I would say for the last 30 years they[ management] have done everything they could do to increase the revenue stream without investing much of it back to making NHRA stronger.

NHRA should of been in Indy 20 years ago. Management is scrambling, trying to keep their revenue stream from going away.

Frank Castros · 05-23-2021, 08:33 PM

Undeserved for a underachieving enterprise and not monitored by anyone.

voltdr · 05-24-2021, 10:36 AM

This decision could possibly be the smartest decision the NHRA has made in a very long time. They can duplicate what they have in CA, "Back Home Again" in Indiana for half of what they sell it for.
Expenses, logistics, etc are going to be better.
This will be a good thing for our sport.
Dan
SC 4698

SSDiv6 · 05-24-2021, 11:40 AM

...and here is your sign!

https://projects.propublica.org/coro...hra-7056388708

NHRA did get a PPP loan for $2,388,000.00
$1.00 was allocated to utilities and $2,387,999.00 went to salaries...
I wonder if upper management forgo their salaries???

The funds have not been disbursed and under review.

https://www.federalpay.org/paycheck-...ra-glendora-ca

Julie Jordan · 05-24-2021, 01:38 PM

Quote:

Originally Posted by SSDiv6

...and here is your sign!

https://projects.propublica.org/coro...hra-7056388708

NHRA did get a PPP loan for $2,388,000.00
$1.00 was allocated to utilities and $2,387,999.00 went to salaries...
I wonder if upper management forgo their salaries???

The funds have not been disbursed and under review.

https://www.federalpay.org/paycheck-...ra-glendora-ca

Your information is for PPP funds received in 2021. The numbers used are quite common in getting the loan proceeds, i.e. showing the majority of the funds to go to payroll. During the loan forgiveness process they have to report the actual amount of expenses paid. They aren't even close to having to do that yet.

Your report doesn't state what they got in 2020.

Frank Castros · 05-24-2021, 03:02 PM

I might add that the property is conveniently and directly across the road from the Glendora Country Club.

FED 387 · 05-24-2021, 05:17 PM

According to this $2 MILLION plus if they had 222 employees at an annual salary of about $54,000 and a weekly pay of just under $1050 per week or about $26 per hour---pretty high pay for I'm going to guess mostly clerical staff even counting the Divisional staff that seems to be a lot of employees when you figure there is only maybe 8-10 divisional full timers probably mostly part time--FED 387

05-23-2021, 03:25 PM	#22
Adger Smith VIP Member Join Date: Dec 2001 Location: Texarkana Ark/TX Posts: 2,446 Likes: 575 Liked 880 Times in 311 Posts	Re: Nhra selling calif headquarters Kevin, I think your correct, but look at what NHRA has become. It is a feeding frenzy. Look how many there are on the 501 feeding tube. Bleeding it by keeping top execs. and doing away with staff that do the day to day grind. good old American Corp greed. Pretty sure most of us agree they haven't done the sport any favors by the way they have run the business. Why do you think they will rent office space in California. There are Executives that want the California life style not the Indiana home lifestyle. They might even be so old they wouldn't make it to an Indiana board meeting. It is just sad that the sport we had a lifelong love for is in such sad shape. __________________ Adger Smith (Former SS) Last edited by Adger Smith; 05-23-2021 at 03:26 PM. Reason: sp

05-23-2021, 07:14 PM	#24
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 68 Liked 279 Times in 68 Posts	Re: Nhra selling calif headquarters These salaries are not reasonable. What do they do to make the sport better or grow it? What do any of them even know about drag racing? These folks have wormed their way into a non profit revenue stream and the salaries may not be as much as they once were, they are still way too high. Maybe the salaries should be partially based on actual performance. I would say for the last 30 years they[ management] have done everything they could do to increase the revenue stream without investing much of it back to making NHRA stronger. NHRA should of been in Indy 20 years ago. Management is scrambling, trying to keep their revenue stream from going away. __________________ Greg Hill 4171 STK

05-23-2021, 08:33 PM	#25
Frank Castros VIP Member Join Date: Nov 2001 Location: The Lowcountry. Posts: 2,981 Likes: 2,605 Liked 2,737 Times in 965 Posts	Re: Nhra selling calif headquarters Undeserved for a underachieving enterprise and not monitored by anyone.

05-24-2021, 10:36 AM	#26
voltdr Senior Member Join Date: Jan 2008 Location: Texas Posts: 706 Likes: 77 Liked 100 Times in 51 Posts	Re: Nhra selling calif headquarters This decision could possibly be the smartest decision the NHRA has made in a very long time. They can duplicate what they have in CA, "Back Home Again" in Indiana for half of what they sell it for. Expenses, logistics, etc are going to be better. This will be a good thing for our sport. Dan SC 4698 __________________ Dan Foley SC 4698

05-24-2021, 11:40 AM	#27
SSDiv6 VIP Member Join Date: Feb 2003 Location: Glendale, Arizona Posts: 3,044 Likes: 712 Liked 1,585 Times in 582 Posts	Re: Nhra selling calif headquarters ...and here is your sign! https://projects.propublica.org/coro...hra-7056388708 NHRA did get a PPP loan for $2,388,000.00 $1.00 was allocated to utilities and $2,387,999.00 went to salaries... I wonder if upper management forgo their salaries??? The funds have not been disbursed and under review. https://www.federalpay.org/paycheck-...ra-glendora-ca Last edited by SSDiv6; 05-24-2021 at 11:45 AM.

05-24-2021, 03:02 PM	#29
Frank Castros VIP Member Join Date: Nov 2001 Location: The Lowcountry. Posts: 2,981 Likes: 2,605 Liked 2,737 Times in 965 Posts	Re: Nhra selling calif headquarters I might add that the property is conveniently and directly across the road from the Glendora Country Club.

05-24-2021, 05:17 PM	#30
FED 387 VIP Member Join Date: Jun 2006 Posts: 3,422 Likes: 529 Liked 333 Times in 180 Posts	Re: Nhra selling calif headquarters According to this $2 MILLION plus if they had 222 employees at an annual salary of about $54,000 and a weekly pay of just under $1050 per week or about $26 per hour---pretty high pay for I'm going to guess mostly clerical staff even counting the Divisional staff that seems to be a lot of employees when you figure there is only maybe 8-10 divisional full timers probably mostly part time--FED 387