Racing For Recovery
- Assets
- $2.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 37
- Location
- Holland, OH
- Founding
- 03/2002
- Data as of
- 12/2022
- EIN
- 34-1965137
Organization Overview
Racing For Recovery is located in Holland, OH. The organization was established in 2002. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Racing For Recovery employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Recovery 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, Racing For Recovery generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 56.1% each year . All expenses for the organization totaled $3.9m during the year ending 12/2022. While expenses have increased by 60.9% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREVENT ALL FORMS OF SUBSTANCE ABUSE BY PROMOTING A LIFESTYLE OF FITNESS AND HEALTH FOR ALL THOSE AFFECTED BY ADDICTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREVENT ALL FORMS OF SUBSTANCE ABUSE BY PROMOTING A LIFESTYLE OF FITNESS AND HEALTH FOR ALL THOSE AFFECTED BY ADDICTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Crandell Founder & President | OfficerTrustee | 40 | $187,346 |
Skylar Crandell Advisory Board | Trustee | 1 | $46,000 |
Helene Daum Advisory Board | Trustee | 1 | $43,112 |
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 | $36,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,092 |
| Total Program Service Revenue | $3,116,333 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,650 |
| Net Gain/Loss on Asset Sales | -$3,101 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,180,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,969 |
| 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. | $291,962 |
| Compensation of current officers, directors, key employees. | $279,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $791,477 |
| Pension plan accruals and contributions | $5,293 |
| Other employee benefits | $63,659 |
| Payroll taxes | $100,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,179 |
| Fees for services: Accounting | $43,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,859 |
| Advertising and promotion | $345,445 |
| Office expenses | $6,240 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,268 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,207 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,251 |
| Insurance | $23,077 |
| All other expenses | $69,621 |
| Total functional expenses | $3,947,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $527,308 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $139,569 |
| Loans from Officers, Directors, or Controlling Persons | $39,047 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,123 |
| Net Land, buildings, and equipment | $2,028,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,742,042 |
| Accounts payable and accrued expenses | $127,329 |
| 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 | $883,724 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,011,053 |
| Net assets without donor restrictions | $1,730,989 |
| 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 | $2,742,042 |