Pants Off Racing
- Assets
- $74.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hermosa Beach, CA
- Founding
- 09/2012
- Data as of
- 10/2022
- EIN
- 45-3623583
Organization Overview
Pants Off Racing is located in Hermosa Beach, CA. The organization was established in 2012. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pants Off 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 10/2022, Pants Off Racing generated $77.3k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $64.8k during the year ending 10/2022. While expenses have increased by 7.5% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PANTS OFF RACING HELPS FAMILIES AND INIVIDUALS THAT ARE IMPACTED BY PANCREATIC CANCER. OUR MISSION IS TO PROVIDE DIRECT ASSISTANCE TO THESE PERSONS. THIS PAST YEAR WE HAVE ASSISTED OVER 25 FAMILIES AND DISTRIBUTED OVER $50K IN FUNDS TO ASSIST WITH: MEDICAL COSTS, TRAVEL EXPENSES, PERSONAL BILLS (HOME, AUTO, UTILITY, ETC.), AND MUCH MORE. OVER THE HOLIDAYS WE HELP OVER 15 FAMILIES TO CELEBRATE WITH THEIR FAMILIES. THIS PAST YEAR WE DONATED OVER $20K TO THESE FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Amato President | 35 | $0 | |
Chris Hendricks Legal Counsel & Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,321 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,321 |
| 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 | $0 |
| Total expenses | $64,765 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $74,038 |
| Other assets | $0 |
| Total assets | $74,038 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,038 |