Racing Surfaces Testing Laboratory
- Assets
- $1.1m
- Revenue
- $497.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Lexington, KY
- Founding
- 11/2009
- Data as of
- 12/2021
- EIN
- 26-4632727
Organization Overview
Racing Surfaces Testing Laboratory is located in Lexington, KY. The organization was established in 2009. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Racing Surfaces Testing Laboratory employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing Surfaces Testing Laboratory 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 Surfaces Testing Laboratory generated $497.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $480.7k during the year ending 12/2021. While expenses have increased by 13.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
RACETRACK TESTING
ON-SITE RACETRACK SURFACE TESTING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Pendergest General Manager Of Ttc And Director Of Racing Surfaces | OfficerTrustee | 0.5 | $0 |
Mick Peterson Director Of Racetrack Safety Program | OfficerTrustee | 16 | $0 |
Bill Casner Horse Owner | Trustee | 0.5 | $0 |
Dora J Delgado Executive Vice President Chief Racing Officer | Trustee | 0.5 | $0 |
Keith Chamberlin Chief Operating Officer, National Thoroughbred Racing Association | Trustee | 0.5 | $0 |
Matt F Luliano Executive Vice President Executive Director | Trustee | 1 | $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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $447,809 |
| Investment income | $44 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $497,853 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $121,228 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,088 |
| Payroll taxes | $10,282 |
| Fees for services: Management | $6,910 |
| Fees for services: Legal | $879 |
| Fees for services: Accounting | $2,523 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,422 |
| Advertising and promotion | $0 |
| Office expenses | $6,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,200 |
| Travel | $54,053 |
| 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 | $88,575 |
| Insurance | $30,782 |
| All other expenses | $195 |
| Total functional expenses | $480,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $290,962 |
| Savings and temporary cash investments | $960 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,081 |
| 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 | $568,524 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,200 |
| Total assets | $1,063,727 |
| Accounts payable and accrued expenses | $16,456 |
| 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 | $48,502 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $64,958 |
| Net assets without donor restrictions | $951,326 |
| Net assets with donor restrictions | $47,443 |
| 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 | $1,063,727 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racing Surfaces Testing Laboratory has recieved totaling $25,423.
| Awarding Organization | Amount |
|---|---|
Usa Equestrian Trust Inc Lexington, KY PURPOSE: FUND RESEARCH INTO THE EFFECTS OF SHOEING | $25,423 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Track & Field Inc Indianapolis, IN | $46,078,915 | $33,676,790 |
Louisville Arena Authority Inc Louisville, KY | $379,313,505 | $18,535,078 |
Usa Gymnastics Indianapolis, IN | $10,341,762 | $23,572,427 |
Usa Football Indianapolis, IN | $24,226,774 | $15,821,078 |
Midway Usa Foundation Inc Columbia, MO | $194,100,293 | $37,103,631 |
Indiana Sports Corporation Indianapolis, IN | $18,372,130 | $8,869,621 |
United States Hunter Jumper Association Inc Lexington, KY | $20,251,014 | $9,522,034 |
Indy College Football Playoff Inc Indianapolis, IN | $2,356,063 | $6,670,000 |
Amateur Trapshooting Association Of America Sparta, IL | $23,868,836 | $5,940,549 |
Missouri Valley Conference Inc St Louis, MO | $10,444,732 | $10,359,535 |
Adult Ice Hockey Federation Ltd Sterling, VA | $497,146 | $3,812,767 |
Richmond Volleyball Club Henrico, VA | $4,492,529 | $3,770,472 |