Racing With Jesus Ministries Inc
- Assets
- $596.0k
- Revenue
- $118.9k
- Investments
- $519.5k
- Employees
- 0
- Location
- Tolland, CT
- Founding
- 04/1986
- Data as of
- 12/2021
- EIN
- 22-2514506
Organization Overview
Racing With Jesus Ministries Inc is located in Tolland, CT. The organization was established in 1986. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing With Jesus Ministries 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 With Jesus Ministries Inc generated $118.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $83.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SPIRITUAL LEADERSHIP TO NASCAR DRIVERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SPIRITUAL LEADERSHIP TO NASCAR DRIVERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Petfield Treasurer | Officer | 1 | $0 |
Donald Rivers President | Officer | 60 | $0 |
Daniel Petfield Vice President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,725 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,725 |
| Total Program Service Revenue | $0 |
| Investment income | $46,453 |
| 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 | -$271 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $118,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,600 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,400 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,150 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,313 |
| Advertising and promotion | $415 |
| Office expenses | $3,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,361 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,002 |
| Insurance | $1,584 |
| All other expenses | $0 |
| Total functional expenses | $83,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $519,506 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $596,049 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $75 |
| Total liabilities | $75 |
| Net assets without donor restrictions | $595,974 |
| 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 | $596,049 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Racing With Jesus Ministries Inc has recieved totaling $13,080.
| Awarding Organization | Amount |
|---|---|
The Grimm Foundation Waymart, PA PURPOSE: SUPPORT MINISTRY TO RACING COMMUNITY | $13,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
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|---|---|---|
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Affirmative Evangelism Fellowship Middletown, NY | $2,879,019 | $1,947,839 |
Straight Ahead Ministries Inc Worcester, MA | $3,731,780 | $2,558,274 |
Missionary Assembly Of God Of Marlborough Inc Marlborough, MA | $555,964 | $1,247,447 |
New Life Baptist Church Woburn, MA | $2,327,994 | $1,279,978 |
Philadelphia Pentecostal Church Danbury, CT | $3,028,905 | $1,249,380 |
Trinity Community Connection Inc New York, NY | $417,188 | $842,523 |