Rootstock Racing
- Assets
- $60.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 47-4740760
Organization Overview
Rootstock Racing is located in Philadelphia, PA. The organization was established in 2016. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rootstock 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 12/2023, Rootstock Racing generated $122.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $174.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Perkiss President | 10 | $0 | |
Brent Freedland Executive Director | 20 | $33,000 | |
Val Nordquist Secretary | 1 | $0 | |
Brian Gatens Vice President | 1 | $0 | |
Jim Driscoll Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,566 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $106,471 |
| Total Revenue | $122,037 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,000 |
| Professional fees and other payments to independent contractors | $22,170 |
| Occupancy, rent, utilities, and maintenance | $1,689 |
| Printing, publications, postage, and shipping | $490 |
| Other expenses | $116,659 |
| Total expenses | $174,008 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $60,075 |
| Other assets | $0 |
| Total assets | $60,075 |
| Total liabilities | $0 |
| Net assets or fund balances | $60,075 |