Franklin County R A C E Inc
- Assets
- $2.1m
- Revenue
- $186.8k
- Investments
- $0.0
- Employees
- 20
- Location
- Hampton, IA
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 42-1518931
Organization Overview
Franklin County R A C E Inc is located in Hampton, IA. The organization was established in 2001. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 06/2022, Franklin County R A C E Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County R A C E 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 06/2022, Franklin County R A C E Inc generated $186.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $291.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 7 years. 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
COMMUNITY WELLNESS CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF COMMUNITY WELLNESS CENTER. FACILITY PROVIDES AQUATIC, AEROBIC, & ANAEROBIC EXCERICE EQUIPMENT AND CLASSES. FACILITIES FOR COURT SPORTS (BASKETBALL, VOLLEYBALL, ETC.) AND COMMUNITY MEETING ROOMS. THE CENTER PROVIDED SERVICES TO APPROXIMATELY 1,250 CITIZENS OF FRANKLIN COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Hansen Director | OfficerTrustee | 2 | $0 |
Anthony Spradlin President | OfficerTrustee | 2 | $0 |
Jennifer Gruelke Director | OfficerTrustee | 2 | $0 |
Lee Elbert Treasurer | Officer | 2 | $0 |
Marcus Kofoot Director | Trustee | 2 | $0 |
Colt Powers Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $140,596 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,823 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $180,260 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,491 |
| 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 | $394 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $186,764 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $50,802 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,887 |
| Fees for services: Management | $27,840 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,444 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $71,581 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,352 |
| Insurance | $12,906 |
| All other expenses | $17,742 |
| Total functional expenses | $291,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,291 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,047,493 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,099,784 |
| Accounts payable and accrued expenses | $0 |
| 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 | $10,000 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
| 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 | $2,089,784 |
| Total liabilities and net assets/fund balances | $2,099,784 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Franklin County R A C E Inc has recieved totaling $5,762.
| Awarding Organization | Amount |
|---|---|
Center One Foundation Hampton, IA PURPOSE: EQUIPMENT | $5,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Father Flanagans Fund For Needy Children Boys Town, NE | $1,113,854,804 | $60,806,118 |
Avivo Minneapolis, MN | $27,736,019 | $39,599,118 |
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Jewish Home And Care Center Foundation Inc Milwaukee, WI | $195,682,199 | $22,064,054 |
Planned Parenthood Minnesota North Dakota South Dakota Fund St Paul, MN | $74,688,900 | $2,513,382 |
Aitkin Health Services Aitkin, MN | $7,612,800 | $5,336,098 |
Cradle Foundation Evanston, IL | $14,544,905 | $2,396,350 |
Cedars Home For Children Foundation Inc Lincoln, NE | $40,209,739 | $4,351,634 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |