Falmouth Road Race Inc
- Assets
- $1.6m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Falmouth, MA
- Founding
- 12/1979
- Data as of
- 03/2023
- EIN
- 04-2676136
Organization Overview
Falmouth Road Race Inc is located in Falmouth, MA. The organization was established in 1979. As of 03/2023, Falmouth Road Race Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falmouth Road Race 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 03/2023, Falmouth Road Race Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.5m during the year ending 03/2023. While expenses have increased by 3.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Falmouth Road Race Inc has awarded 125 individual grants totaling $2,639,776. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS COMMITTED TO POSITIVELY IMPACTING INDIVIDUALS AND BUSINESSES IN THE TOWN OF FALMOUTH THROUGH CONSISTENT INVOLVEMENT WITH THE COMMUNITY AND ANNUAL PHILANTHROPIC GIVING. THE ORGANIZATION PROMOTES HEALTH AND FITNESS THROUGH COMMUNITY PROGRAMS AND ITS ANNUAL ROAD RACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROMOTES AND RUNS THE ANNUAL FALMOUTH ROAD RACE, A WORLD CLASS EVENT. PROCEEDS ARE DONATED TO VARIOUS COMMUNITY AND SCHOOL ORGANIZATIONS IN AN ATTEMPT TO ADVANCE THE WELFARE OF ALL SPORTS IN GENERAL AND TRACK AND RUNNING IN PARTICULAR. NONSPORTS ORGANIZATIONS ALSO RECEIVE DONATIONS PROVIDING THEIR ORGANIZATION'S FUNCTION IS TO PROMOTE GOODWILL AND PROVIDES A SERVICE TO THE COMMUNITY OF FALMOUTH.
TO PROMOTE PUBLIC HEATH THROUGH PHILANTHROPY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Edwards Executive Di | Officer | 40 | $114,815 |
Scott Ghelfi President | OfficerTrustee | 10 | $0 |
Julene Augusta Treasurer | OfficerTrustee | 1 | $0 |
Donna Tocci Clerk | OfficerTrustee | 1 | $0 |
Robert Antonucci Vice Preside | OfficerTrustee | 1 | $0 |
Carl F Cavossa Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dsme Event Production Event Mgmt | 3/30/23 | $133,984 |
Thistle Communication Audio & Video | 3/30/23 | $120,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $1,098,226 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,746 |
| Noncash contributions included in lines 1a–1f | $247,875 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,139,972 |
| Total Program Service Revenue | $1,386,926 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,526,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $299,321 |
| Grants and other assistance to domestic individuals. | $88,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,325 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,758 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,608 |
| Advertising and promotion | $156,717 |
| Office expenses | $12,686 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $219,127 |
| Travel | $61,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,368 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,417 |
| Insurance | $5,738 |
| All other expenses | $205,140 |
| Total functional expenses | $2,489,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,256,129 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $926 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,155 |
| Prepaid expenses and deferred charges | $78,617 |
| Net Land, buildings, and equipment | $74,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,168 |
| Total assets | $1,579,423 |
| Accounts payable and accrued expenses | $3,467 |
| Grants payable | $0 |
| Deferred revenue | $878,100 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,168 |
| Total liabilities | $898,735 |
| Net assets without donor restrictions | $680,688 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,579,423 |
Grants Awarded
Over the last fiscal year, Falmouth Road Race Inc has awarded $146,460 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
THE FALMOUTH STOFTBALL CLUB INC | | | $12,000 |
MASHPEE BOOSTERS CLUB | | | $6,000 |
EQUUS FOUNDATION INC | | | $10,000 |
FALMOUTH TOGETHER WE CAN INC | | | $5,800 |
FALMOUTH HIGH SCHOOL FOOTBALL TEAM | | | $5,500 |
NORFOLK COUNTY HUMANE SOCIETY | | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Falmouth Road Race Inc Falmouth, MA | $1,579,423 | $2,526,898 |
South Shore Seahawks Inc Norwell, MA | $113,194 | $537,526 |
Hudson-Mohawk Road Runners Club Albany, NY | $534,991 | $441,749 |
Finger Lakes Region Sports Car Club Of America Inc Webster, NY | $244,137 | $377,356 |
Girls Gymnastic-Athletic Club Of Owego New York Inc Owego, NY | $327,117 | $302,482 |
Quinsigamond Rowing Association Inc Worcester, MA | $108,635 | $373,341 |
Cape Cod Curling Club Inc Falmouth, MA | $1,414,571 | $317,233 |
Fairfield Half Marathon Road Race Inc Branford, CT | $46,183 | $235,985 |
Us Lacrosse Inc Levittown, NY | $170,464 | $0 |
Square & Compass Club Inc Barre, VT | $38,163 | $0 |
Alden Rod & Gun Club Alden, NY | $125,900 | $0 |
United States Corporate Track Association West Simsbury, CT | $24,303 | $0 |