Racing For Kids
- Assets
- $158.0k
- Revenue
- $396.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Grosse Pointe Farms, MI
- Founding
- 02/2000
- Data as of
- 12/2021
- EIN
- 38-3457448
Organization Overview
Racing For Kids is located in Grosse Pointe Farms, MI. The organization was established in 2000. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Racing For Kids employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Kids 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 For Kids generated $396.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $333.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Racing For Kids has awarded 31 individual grants totaling $597,378. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
USING MOTORSPORTS TO CALL ATTENTION TO HEALTH CARE NEEDS OF CHILDREN
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CONTRIBUTIONS TO VARIOUS CHILDREN'S HOSPITALS AND RELATED CHARITABLE ORGANIZATIONS
EXPENSES ARE CONNECTED WITH PAYROLL,MARKETING AND PROMOTIONS, TRAVEL, AND OTHER RELATED PROGRAM SERVICES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Patrick Wright Treas, Secy, Exec Dir | OfficerTrustee | 30 | $0 |
William W Pinsky MD President | OfficerTrustee | 2 | $0 |
Robert P Buhl Vice President | OfficerTrustee | 10 | $0 |
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 | $238,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,516 |
| Total Program Service Revenue | $0 |
| 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 | $157,789 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $396,305 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $97,840 |
| 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 | $62,201 |
| Other salaries and wages | $33,197 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $518 |
| Fees for services: Accounting | $7,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,483 |
| Advertising and promotion | $16,696 |
| Office expenses | $6,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $32,445 |
| 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 | $3,180 |
| All other expenses | $3,660 |
| Total functional expenses | $333,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,466 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,207 |
| 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 | $4,437 |
| Net Land, buildings, and equipment | $2,846 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $157,956 |
| Accounts payable and accrued expenses | $1,521 |
| 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 | $1,521 |
| Net assets without donor restrictions | $0 |
| 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 | $156,435 |
| Total liabilities and net assets/fund balances | $157,956 |
Grants Awarded
Over the last fiscal year, Racing For Kids has awarded $90,170 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: GENERAL SUPPORT | $28,000 |
Detroit, MI PURPOSE: GENERAL SUPPORT | $28,000 |
Detroit, MI PURPOSE: GENERAL SUPPORT | $17,170 |
Southfield, MI PURPOSE: GENERAL SUPPORT | $17,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Racing For Kids has recieved totaling $0.
| Awarding Organization | Amount |
|---|---|
Grace Fleming Reinhold Scholarship Trust Sanibel, FL PURPOSE: EDUCATION | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Make-A-Wish Foundation Of Ohio Kentucky And Indiana Inc Columbus, OH | $15,872,839 | $13,599,516 |
Make-A-Wish Foundation Of Michigan Brighton, MI | $10,107,725 | $9,980,417 |
Ronald Mcdonald House Charities Of Northeast Ohio Inc Cleveland, OH | $36,230,740 | $6,843,245 |
Make-A-Wish Foundation Of Wisconsin Inc Wauwatosa, WI | $20,875,834 | $8,322,945 |
Ronald Mcdonald House Charities Inc Youngstown, OH | $0 | $1,738,198 |
Ronald Mcdonald House Charities Of Central Ohio Inc Columbus, OH | $58,634,339 | $11,417,646 |
Ronald Mcdonald House Charities Of Eastern Wisconsin Inc Wauwatosa, WI | $44,058,995 | $8,974,077 |
The Rainbow Connection Rochester, MI | $4,575,197 | $3,692,285 |
Wellness Plan Medical Centers Foundation Detroit, MI | $21,645,852 | $1,827,669 |
Ronald Mcdonald House Charities Of Central Indiana Inc Indianapolis, IN | $15,485,004 | $4,081,551 |
Riley Cheer Guild Inc Indianapolis, IN | $2,832,608 | $2,416,808 |
Ronald Mcdonald House Charities Of Northwest Ohio Inc Toledo, OH | $11,226,275 | $1,341,682 |