Rb Racing Charity-A Nonprofit Corporation
- Assets
- $62.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lancaster, MA
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 81-2194234
Organization Overview
Rb Racing Charity-A Nonprofit Corporation is located in Lancaster, MA. The organization was established in 2016. According to its NTEE Classification (G12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rb Racing Charity-A Nonprofit Corporation 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 12/2022, Rb Racing Charity-A Nonprofit Corporation generated $58.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $47.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. 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
THE EARNINGS FROM THE GOLF TOURNAMENT AND THE CAR SHOW ARE DONATED TO CANCER CHARITIES OR TO HELP CHILDREN'S ORGANIZATIONS IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Rose Bouchard President | 3 | $0 | |
Mary Summers-Cortese Treasurer | 3 | $0 | |
James Patrick Desrosiers Secretary | 1 | $0 | |
Chad Edward Bouchard Director | 1 | $0 | |
Louis John Levesque Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,745 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,066 |
| Other Revenue | $0 |
| Total Revenue | $58,811 |
| 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 | $2,005 |
| Total expenses | $47,535 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $57,663 |
| Other assets | $0 |
| Total assets | $62,858 |
| Total liabilities | $0 |
| Net assets or fund balances | $62,858 |