The Race Inc
- Assets
- $11.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 04/2008
- Data as of
- 12/2022
- EIN
- 20-8693674
Organization Overview
The Race Inc is located in Cleveland, 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 12/2022, Race Inc generated $8.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (24.6%) each year. All expenses for the organization totaled $4.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (30.6%) per year over the past 8 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
2022
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 | $8,026 |
| 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 | $8,026 |
| 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 | $2,000 |
| Occupancy, rent, utilities, and maintenance | $199 |
| Printing, publications, postage, and shipping | $583 |
| Other expenses | $1,344 |
| Total expenses | $4,126 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $11,783 |
| Other assets | $0 |
| Total assets | $11,799 |
| Total liabilities | $100 |
| Net assets or fund balances | $11,699 |