Xxx Racing
- Assets
- $83.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 08/2005
- Data as of
- 12/2022
- EIN
- 32-0039123
Organization Overview
Xxx Racing is located in Chicago, IL. The organization was established in 2005. 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. Xxx Racing 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 12/2022, Xxx Racing generated $76.5k 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 (7.0%) each year. All expenses for the organization totaled $68.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
NAMED OVERALL CLUB OF THE YEAR IN DIVISION I 2010, 2013, AND 2015 BY USA CYCLING, XXX RACING IS KNOWN FOR INTRODUCING NEW PEOPLE TO THE SPORT OF CYCLING THROUGH EFFORTS LIKE OUR WEEKLY NO-DROP GROUP RIDES, PROFESSIONAL COACHING, AND PROGRAMS GEARED TOWARD BUILDING CYCLING SKILLS. AS A RACING FOCUSED CLUB WE HOSTED THREE RACES IN THE CITY OF CHICAGO. OUR PROGRAMS INCLUDE SPECIFIC GROUPS FOR ELITE, JUNIOR, WOMEN, CYCLOCROSS AND MOUNTAIN BIKE RACERS. THEAM LEVEL COACHING INCLUDES MANY CLINICS AND OR EVENTS INCLUDING THE OPPORTUNITY TO ATTEND TWO DESTINATION TRAINING CAMPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Klein President | 20 | $0 | |
Anne Marie Oswald Vice President | 15 | $0 | |
Kiki Demopoulos Treasurer | 5 | $0 | |
Sue Fay Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,268 |
| Total Program Service Revenue | $54,553 |
| Membership dues | $7,671 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $76,492 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $68,704 |
| Total expenses | $68,704 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,477 |
| Other assets | $0 |
| Total assets | $83,477 |
| Total liabilities | $0 |
| Net assets or fund balances | $83,477 |