Road Racing Drivers Club Inc
- Assets
- $405.5k
- Revenue
- $217.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewis Center, OH
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 27-1497809
Organization Overview
Road Racing Drivers Club Inc is located in Lewis Center, OH. The organization was established in 2010. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Road Racing Drivers Club Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Road Racing Drivers Club Inc generated $217.8k 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 (6.9%) each year. All expenses for the organization totaled $187.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER THE BEST INTERESTS OF THE SPORT OF ROAD RACING AND ESPECIALLY TO CONCERN ITSELF WITH ALL MATTERS INVOLVING DRIVERS IN ROAD RACES AND TO ENDEAVOR, THROUGH PERSUASION AND WHATEVER OTHER MEANS THE CLUB HAS, TO IMPROVE THE LOT OF DRIVERS IN ROAD RACING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
"SAFE IS FAST" IS A SERIES OF ONLINE TUTORIALS AND SOCIAL MEDIA TO PROVIDE PROMISING YOUNG DRIVERS WITH THE TOOLS NEEDED FOR SUCCESS, INCLUDING MARKETING AND BUSINESS SKILLS.
CONTRIBUTION TO THE MARK DONOHUE FOUNDATION TO SUPPORT ITS MISSION TO CONDUCT ONLINE EDUCATIONAL SEMINARS FOR DRIVER EDUCATION AND SAFETY PROGRAMS ASSOCIATED WITH AUTOMOBILE RACING.
ANNUAL DAYTONA MEMBERS-ONLY MEETING TO CELEBRATE AND PROMOTE THE SPORT OF ROAD RACING.
ANNUAL LONG BEACH DINNER TO CELEBRATE AND RECOGNIZE A MOTOR RACING ICON AND PROMOTE THE SPORT OF ROAD RACING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert W Rahal President/director | OfficerTrustee | 1 | $0 |
John C Fergus II Vp/treasurer/director | OfficerTrustee | 1 | $0 |
Tom Davey Secretary | OfficerTrustee | 1 | $0 |
Jeremy Shaw Director | Trustee | 1 | $0 |
Nicholas A Craw Director | Trustee | 1 | $0 |
Judith V Stropus Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $24,375 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,040 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,415 |
| Total Program Service Revenue | $182,279 |
| Investment income | $3,070 |
| 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 | $217,764 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $494 |
| 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 | $600 |
| All other expenses | $398 |
| Total functional expenses | $187,072 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,285 |
| Savings and temporary cash investments | $386,166 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $405,451 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $405,451 |
| 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 | $405,451 |