The Race Inc
- Assets
- $7.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Beachwood, OH
- Founding
- 04/2008
- Data as of
- 12/2021
- EIN
- 20-8693674
Organization Overview
The Race Inc is located in Beachwood, OH. The organization was established in 2008. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Race Inc generated $4.9k 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 (32.4%) each year. All expenses for the organization totaled $3.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (37.2%) 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
TO RAISE MONEY AND CONTRIBUTE FUNDS TO CASE COMPREHENSIVE CANCER CENTER FOR THE PURPOSE OF SUPPORTING CANCER RESEARCH AND AWARENESS AND/OR PROVIDING SUPPORT FOR CANCER PATIENTS AND SURVIVORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patti Berns President | 2 | $0 | |
Jonathan Berns Vice President | 5 | $0 | |
Edward Schwartz Secretary & Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,917 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,917 |
| 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 | $1,025 |
| Occupancy, rent, utilities, and maintenance | $199 |
| Printing, publications, postage, and shipping | $583 |
| Other expenses | $1,153 |
| Total expenses | $2,960 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,597 |
| Other assets | $0 |
| Total assets | $7,899 |
| Total liabilities | $100 |
| Net assets or fund balances | $7,799 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Race Inc has recieved totaling $26.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
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|---|---|---|
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The Abim Foundation Philadelphia, PA | $92,491,227 | $11,488,048 |
Bringing Hope Home Inc Malvern, PA | $706,369 | $2,303,858 |
Resort Charity Events Inc Bloomington, IN | $167,488 | $1,958,916 |
Southern Chester County Emergency Medical Services Inc Avondale, PA | $1,825,972 | $1,565,526 |
Caribbean Christian Centre For The Deaf Inc Zeeland, MI | $419,881 | $1,266,757 |
Sharpe-Strumia Research Foundation Of The Bryn Mawr Hospital Bryn Mawr, PA | $25,307,489 | $1,417,708 |
Poetice Holland, MI | $490,843 | $1,098,533 |
Friends Of Dba Strongsville, OH | $348,955 | $938,128 |