Manchester Road Race Committee Inc
- Assets
- $357.5k
- Revenue
- $542.5k
- Investments
- $263.1k
- Employees
- 0
- Location
- Manchester, CT
- Founding
- 01/1982
- Data as of
- 04/2023
- EIN
- 06-1051527
Organization Overview
Manchester Road Race Committee Inc is located in Manchester, CT. The organization was established in 1982. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Manchester Road Race Committee 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 04/2023, Manchester Road Race Committee Inc generated $542.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $557.0k during the year ending 04/2023. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL THANKSGIVING DAY ROAD RACE - TO PROMOTE AND ENHANCE COMMUNITY SPIRIT, ON AVERAGE, 15-20 EXEMPT, ORGANIZATIONS BENEFIT FROM THIS EVENT ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tris Carta President | 1 | $0 | |
Paul Gibson Treasurer | 1 | $0 | |
Jack Leonard Secretary | 4 | $0 | |
Irene Smith Director | 1 | $0 | |
Rick Dyer Director | 1 | $0 | |
Dani Kennedy Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $173,446 |
| Interest on Savings | $72 |
| Dividends & Interest | $6,552 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,677 |
| Capital Gain Net Income | $2,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $10,918 |
| Other Income | $348,804 |
| Total Revenue | $542,469 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $18,970 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $23,754 |
| Other expenses | $434,647 |
| Total operating and administrative expenses | $487,871 |
| Contributions, gifts, grants paid | $69,100 |
| Total expenses and disbursements | $556,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,893 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $1,491 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,483 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Manchester Road Race Committee Inc has awarded $69,100 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
MANCHESTER COMMUNITY CHILD GUIDANCE CLINIC PURPOSE: UNRESTRICTED | $8,600 |
MANCHESTER AREA CONFERENCE OF CHURCHES PURPOSE: UNRESTRICTED | $20,000 |
EAST CATHOLIC HIGH SCHOOL - SOCCER TEAM PURPOSE: UNRESTRICTED | $500 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: UNRESTRICTED | $10,000 |
MANCHESTER POLICE ACTIVITY LEAGUE PURPOSE: UNRESTRICTED | $5,000 |
COMMUNITY HEALTH RESOURCES PURPOSE: UNRESTRICTED | $8,000 |