Youth Impact Racing is located in Edina, MN. The organization was established in 2014. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Impact 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 12/2018, Youth Impact Racing generated $34.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (14.8%) each year. All expenses for the organization totaled $61.1k during the year ending 12/2018. 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
2018
Describe the Organization's Program Activity:
Part 3
PROVIDE OPPORTUNITIES FOR AT-RISK YOUTH TO BUILD GO-KARTS AND PROVIDE GOSPEL MENTORSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Adam Brachle Executive Dir. | 0 | $0 | |
Daniel Eikum Secretary | 0 | $0 | |
Aaron Young Director | 0 | $0 | |
Nachelle Kaughman Director | 0 | $0 | |
Mark Shockey Director | 0 | $0 | |
Anthony Wilson Treasurer | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $30,065 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $4,063 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $34,128 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $9,831 |
Professional fees and other payments to independent contractors | $3,333 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $47,961 |
Total expenses | $61,125 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $21,046 |
Other assets | $0 |
Total assets | $62,498 |
Total liabilities | $635 |
Net assets or fund balances | $61,863 |
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