Racing Unlimited Inc
- Assets
- $330.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Garden City, ID
- Founding
- 09/2003
- Data as of
- 12/2021
- EIN
- 02-0543043
Organization Overview
Racing Unlimited Inc is located in Garden City, ID. The organization was established in 2003. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing Unlimited Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Racing Unlimited Inc generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (26.3%) each year. All expenses for the organization totaled $7.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (35.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RAISED MONEY THROUGH RACING FOR GRANTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Hoebelheinrich President | 0 | $0 | |
Julie Hoebelheinrich Director | 0 | $0 | |
Cynthia Andrews Secretary | 0 | $0 | |
Patricia Rivera Director | 0 | $0 | |
Mary Jane Favazza Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,980 |
| Membership dues | $0 |
| Investment income | $698 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,678 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,270 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,338 |
| Total expenses | $7,608 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $330,012 |
| Other assets | $0 |
| Total assets | $330,012 |
| Total liabilities | $136 |
| Net assets or fund balances | $329,876 |
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