For The Win Racing Inc
- Assets
- $17.4k
- Revenue
- $101.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Layton, UT
- Founding
- 06/2016
- Data as of
- 12/2023
- EIN
- 27-3746378
Organization Overview
For The Win Racing Inc is located in Layton, UT. The organization was established in 2016. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. For The Win Racing 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 12/2023, For The Win Racing Inc generated $101.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.2% each year . All expenses for the organization totaled $84.0k during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 9 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL BIKE RIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew K Storms President | 25 | $0 | |
Robyn S Storms Vice President | 25 | $0 | |
Jeff Lowe Agent | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,434 |
| Interest on Savings | $4 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,438 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $4,784 |
| Printing and publications | $0 |
| Other expenses | $67,882 |
| Total operating and administrative expenses | $73,916 |
| Contributions, gifts, grants paid | $10,110 |
| Total expenses and disbursements | $84,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,624 |
| Savings and temporary cash investments | $10,786 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,000 |
| Total assets | $17,410 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $153 |
| Total liabilities | $153 |
Grants Awarded
Over the last fiscal year, For The Win Racing Inc has awarded $10,110 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
AIR FORCE PURPOSE: EDUCATION | $2,000 |
LITTLE LEAGUE BASEBALL PURPOSE: EDUCATION | $1,000 |
CROHNS & COLITIS PURPOSE: EDUCATION | $5,000 |
GREAT BASIN PETTY OFFICER NAVY PURPOSE: EDUCATION | $1,750 |
VETS IN TECH PURPOSE: EDUCATION | $360 |