Racers Charities
- Assets
- $115.3k
- Revenue
- $91.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Norton, OH
- Founding
- 03/2009
- Data as of
- 12/2020
- EIN
- 26-3172087
Organization Overview
Racers Charities is located in Norton, OH. The organization was established in 2009. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racers Charities 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 12/2020, Racers Charities generated $91.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $44.4k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
"FORM 990 MISSION STATEMENT PART I LINE 1" THE RACERS CHARITIES IS A CHARITABLE AND EDUCATION ORGANIZATION DEDICATED TO FOSTERING POSITIVE ACADEMIC, PHYSICAL, SOCIAL AND PERSONAL DEVELOPMENT FOR AREA YOUTH THROUGH THE PARTICIPATION IN FASTPITCH SOFTBALL PROGRAMS, EVENTS AND VARIOUS EXPERIENCES. THE RACERS CHARITIES COMMUNITY PROGRAMS PROVIDE MUCH MORE THAN JUST A CHANCE FOR BOYS AND GIRLS TO PARTICIPATE IN THE GAME, BUT A CHANCE TO LEARN LIFE'S LESSONS THROUGH TRULY UNIQUE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"FORM 990 MISSION STATEMENT PART III LINE 1" THE RACERS CHARITIES IS A CHARITABLE AND EDUCATION ORGANIZATION DEDICATED TO FOSTERING POSITIVE ACADEMIC, PHYSICAL, SOCIAL AND PERSONAL DEVELOPMENT FOR AREA YOUTH THROUGH THE PARTICIPATION IN FASTPITCH SOFTBALL PROGRAMS, EVENTS AND VARIOUS EXPERIENCES. THE RACERS CHARITIES COMMUNITY PROGRAMS PROVIDE MUCH MORE THAN JUST A CHANCE FOR BOYS AND GIRLS TO PARTICIPATE IN THE GAME, BUT A CHANCE TO LEARN LIFE'S LESSONS THROUGH TRULY UNIQUE ACTIVITES. THE TOGETHER PROGRAM IS A PROGRAM SUPPORTING SEVERAL ORGANIZATIONS THAT INVOLVE OR ADDRESS WOMEN'S ISSUES IN OUR COMMUNITY, TO IMPROVE THE HEALTH AND LIVES OF THE WOMEN (AND MEN) OF THE GREATER AKRON AREA. PROFITS ARE DIRECTED TO THE BREAST HEALTH CENTER AT AKRON GENERAL TO SUPPORT DIAGNOSTIC, TREATMENT AND EDUCATION SERVICES FOR WOMEN IN OUR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Arrietta President/di | OfficerTrustee | 20 | $0 |
Dawn Marie Pahorsky Vice Preside | OfficerTrustee | 5 | $0 |
Kathleen Hale Treasurer | OfficerTrustee | 10 | $0 |
Janee Bednarik Secretary | OfficerTrustee | 5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $255 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,136 |
| Net Income from Gaming Activities | $88,750 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,469 |
| 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. | $0 |
| 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 | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15 |
| Advertising and promotion | $0 |
| Office expenses | $972 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,938 |
| 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 | $6,336 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $115,274 |
| 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 | $5,717 |
| Total liabilities | $5,717 |
| Net assets without donor restrictions | $0 |
| 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 | $109,557 |
| Total liabilities and net assets/fund balances | $115,274 |
Grants Awarded
Over the last fiscal year, Racers Charities has awarded $38,355 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Independence, OH PURPOSE: GENERAL USE | $23,255 |
Fairlawn, OH PURPOSE: GENERAL USE | $10,000 |
OTHER PURPOSE: GENERAL USE | $5,100 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Racers Charities has recieved totaling $28,000.
| Awarding Organization | Amount |
|---|---|
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE OPEN STREETS AKRON EVENT ON JUNE 25TH | $25,000 |
Premier Bank Foundation Canfield, OH PURPOSE: SPONSORSHIP | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Directions For Youth & Families Inc Columbus, OH | $17,494,170 | $7,448,441 |
Youth Intensive Services Youngstown, OH | $5,192,901 | $8,719,179 |
Catholic Youth Summer Camp Inc Centerburg, OH | $24,885,717 | $8,487,345 |
Brilliant Detroit Detroit, MI | $8,474,940 | $7,645,252 |
New City Kids Inc Grand Rapids, MI | $3,713,788 | $6,335,672 |
Gateway Woods Family Services Inc Leo, IN | $1,086,644 | $4,316,744 |
Fishers Soccer Club Inc Noblesville, IN | $3,814,503 | $3,510,504 |
Hype Athletics Community Inc Dearborn Heights, MI | $8,352,601 | $3,293,270 |
Dynamic Youth Ministries Grand Rapids, MI | $2,861,212 | $3,344,505 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |
Gamers Outreach Foundation Saline, MI | $2,997,235 | $3,758,110 |