Racing For Relief Inc
- Assets
- $81.8k
- Revenue
- $240.1k
- Investments
- $0.0
- Employees
- 0
- Location
- St Henry, OH
- Founding
- 07/2014
- Data as of
- 09/2023
- EIN
- 46-3900142
Organization Overview
Racing For Relief Inc is located in St Henry, OH. The organization was established in 2014. According to its NTEE Classification (M12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Relief 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 09/2023, Racing For Relief Inc generated $240.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $220.4k during the year ending 09/2023. While expenses have increased by 22.6% per year over the past 6 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.
Since 2022, Racing For Relief Inc has awarded 29 individual grants totaling $414,600. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED EXCLUSIVELY TO ACCEPT DONATIONS, PARTICIPATE IN FUNDRAISERS, AND PARTICIPATE IN PROMOTIONAL EVENTS TO PROVIDE FINANCIAL AND NON-FINANCIAL SUPPORT FOR CHARITABLE, RELIGIOUS, SCIENTIFIC, EDUCATIONAL, AND ANY OTHER PURPOSES ALLOWED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS EITHER DIRECTLY OR BY CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ITS REGULATIONS AS THEY NOW EXIST OR AS THEY MAY HEREAFTER BE AMENDED AND IN ACCORDANCE WITH ANY ALLOWABLE PURPOSE UNDER OHIO REVISED CODE SECTION 1702.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SUPPORT TO LOCAL FIRE & EMS DEPARTMENTS AND OTHER ORGANIZATIONS.
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 |
|---|---|---|---|
Mike Osterholt Trustee | Trustee | 1 | $0 |
Jerry Siefring Trustee | Trustee | 1 | $0 |
Nathan Fortkamp President | OfficerTrustee | 1 | $0 |
Toby Huelsman Trustee | Trustee | 1 | $0 |
Alan Siefring Secretary & Treasurer | OfficerTrustee | 3 | $0 |
Dennis Huelsman Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $10,371 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $193,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,539 |
| Total Program Service Revenue | $36,573 |
| 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 | $240,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| All other expenses | $20,354 |
| Total functional expenses | $220,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,698 |
| 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 | $1,108 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $81,806 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $81,806 |
| Total liabilities and net assets/fund balances | $81,806 |
Grants Awarded
Over the last fiscal year, Racing For Relief Inc has awarded $189,100 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FORT RECOVERY AMBASSADOR PARK PURPOSE: TO SUPPORT THE ORGANIZATION IN MAINTAINING AND IMPROVING THE PARK | $5,500 |
SOUTHWEST MERCER FIRE DEPT PURPOSE: TO PROVIDE ASSISTANCE SO THE DEPARTMENT CAN PURCHASE ADDITIONAL EQUIPMENT | $16,300 |
BURKETTSVILLE FIRE DEPT PURPOSE: TO PROVIDE ASSISTANCE SO THE DEPARTMENT CAN PURCHASE ADDITIONAL EQUIPMENT | $17,300 |
CHICKASAW FIRE DEPT PURPOSE: TO PROVIDE ASSISTANCE SO THE DEPARTMENT CAN PURCHASE ADDITIONAL EQUIPMENT | $17,000 |
OSGOOD FIRE DEPT PURPOSE: TO PROVIDE ASSISTANCE SO THE DEPARTMENT CAN PURCHASE ADDITIONAL EQUIPMENT | $10,300 |
NEW BREMEN FIRE DEPT PURPOSE: TO PROVIDE ASSISTANCE SO THE DEPARTMENT CAN PURCHASE ADDITIONAL EQUIPMENT | $19,800 |