Community Racing Inc
- Assets
- $122.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2016
- Data as of
- 12/2020
- EIN
- 81-0910507
Organization Overview
Community Racing Inc is located in Boston, MA. The organization was established in 2016. According to its NTEE Classification (N67) the organization is classified as: Swimming & Other Water Recreation, 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. Community Racing 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 12/2020, Community Racing Inc generated $22.1k 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 (56.7%) each year. All expenses for the organization totaled $13.8k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
EXPAND ACCESS TO LEWIS BAY AND NEARBY WATER BY MAKING SAILBOAT RACING AND TRADITIONAL WATERCRAFT MORE ACCESSIBLE. PRESERVING THE LEWIS BAY BOATHOUSE AS A LIVING CLASSROOM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher H Finegan Director | 0 | $0 | |
Mark H Wiatrowski President | 1 | $0 | |
Bridget C Wiatrowski Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,050 |
| Total Program Service Revenue | $21,000 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $33 |
| Total Revenue | $22,083 |
| 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 | $500 |
| Occupancy, rent, utilities, and maintenance | $10,174 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,114 |
| Total expenses | $13,788 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $12,943 |
| Other assets | $0 |
| Total assets | $122,159 |
| Total liabilities | $0 |
| Net assets or fund balances | $122,159 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Racing Inc has recieved totaling $76,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: FOR GRANT RECIPIENT'S EXEMPT PURPOSES | $76,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Row New York Inc New York, NY | $11,063,352 | $5,131,305 |
New England Sailing Foundation Inc Marblehead, MA | $32,351 | $1,795,441 |
New England Science & Sailing Foundation Inc Stonington, CT | $5,613,617 | $3,618,390 |
Long Island Swimming Garden City, NY | $5,786,299 | $2,981,330 |
Sail Newport Inc Newport, RI | $8,050,460 | $2,453,105 |
Stony Brook Yacht Club Inc Stony Brook, NY | $1,925,542 | $2,144,649 |
Community Boating Inc Boston, MA | $5,688,954 | $2,833,055 |
Hudson River Community Sailing Inc New York, NY | $1,975,748 | $1,753,516 |
Winchester Boat Club Winchester, MA | $5,238,512 | $1,099,002 |
Saugatuck Harbor Yacht Club Inc Westport, CT | $2,019,925 | $1,016,320 |
West Side Rowing Club Incorporated Of The City Of Buffalo Buffalo, NY | $4,706,391 | $1,097,011 |
Saltaire Yacht Club Inc Franklin Square, NY | $2,486,867 | $986,689 |