Racing Industry Charitable Foundation Inc
- Assets
- $379.2k
- Revenue
- $771.2k
- Investments
- $0.0
- Employees
- 9
- Location
- Cicero, IL
- Founding
- 07/1983
- Data as of
- 12/2021
- EIN
- 36-3073230
Organization Overview
Racing Industry Charitable Foundation Inc is located in Cicero, IL. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Racing Industry Charitable Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing Industry Charitable Foundation 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 12/2021, Racing Industry Charitable Foundation Inc generated $771.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $740.2k during the year ending 12/2021. 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
PROVIDE MEDICAL, DENTAL, MENTAL AND SOCIAL SERVICES TO HORSE CARE WORKERS AT ILLINOIS RACE TRACKS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DENTAL, MENTAL AND SOCIAL SERVICES TO HORSE CARE WORKERS AT ILLINOIS RACE TRACKS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Coronado Executive Director | Officer | 40 | $76,087 |
Ken Kiehn President | OfficerTrustee | 0.2 | $0 |
Jim Miller Treasurer | OfficerTrustee | 3 | $0 |
Brian Zander Secretary | OfficerTrustee | 0.2 | $0 |
Tim Carey Vice President | OfficerTrustee | 0.2 | $0 |
Tony Petrillo Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $750,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $767,480 |
| Total Program Service Revenue | $3,734 |
| Investment income | $0 |
| 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 | $771,214 |
| 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. | $107,371 |
| Compensation of current officers, directors, key employees. | $12,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,316 |
| Payroll taxes | $28,957 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,115 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $184,649 |
| Advertising and promotion | $0 |
| Office expenses | $33,568 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,938 |
| Travel | $7,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,281 |
| Interest | $10,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,351 |
| Insurance | $19,458 |
| All other expenses | $0 |
| Total functional expenses | $740,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,239 |
| Savings and temporary cash investments | $0 |
| 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 | $20,761 |
| Net Land, buildings, and equipment | $350,169 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,169 |
| Accounts payable and accrued expenses | $21,480 |
| 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 | $78,127 |
| Total liabilities | $99,607 |
| Net assets without donor restrictions | $279,562 |
| 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 | $379,169 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racing Industry Charitable Foundation Inc has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Thoroughbred Charities Of America Inc Lexington, KY | | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |