Heart Of The City Race
- Assets
- $12.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Burnsville, MN
- Founding
- 10/2017
- Data as of
- 12/2023
- EIN
- 82-2514842
Organization Overview
Heart Of The City Race is located in Burnsville, MN. The organization was established in 2017. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, 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. Heart Of The City Race 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, Heart Of The City Race generated $55.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $67.3k during the year ending 12/2023. While expenses have increased by 16.3% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE FUNDING TO THE BOYS AND GIRLS CLUB THROUGH ANNUAL RACE EVENT AND OTHER FUNDRAISING EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wayne Rixmann President | 1 | $0 | |
Brad Rixmann Secretary | 1 | $0 | |
Patricia Wheling Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,410 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $16 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$15,834 |
| Other Revenue | $600 |
| Total Revenue | $55,192 |
| 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 | $2,048 |
| Total expenses | $67,251 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,305 |
| Other assets | $0 |
| Total assets | $12,558 |
| Total liabilities | $0 |
| Net assets or fund balances | $12,558 |