Falci Adaptive Motorsports Foundation
- Assets
- $30.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morrison, CO
- Founding
- 04/2018
- Data as of
- 12/2020
- EIN
- 82-4536348
Organization Overview
Falci Adaptive Motorsports Foundation is located in Morrison, CO. The organization was established in 2018. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Falci Adaptive Motorsports Foundation 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, Falci Adaptive Motorsports Foundation generated $4.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (70.5%) each year. All expenses for the organization totaled $130.0 during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (89.0%) per year over the past 3 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
2020
Describe the Organization's Program Activity:
Part 3
WORK ON DEVELOPING A STOCK CAR THAT CAN BE DRIVEN BY SPINAL CORD INJURED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Falci Director/pre | 5 | $0 | |
Kelly Falci Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,365 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $4,365 |
| 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 | $130 |
| Total expenses | $130 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,316 |
| Other assets | $0 |
| Total assets | $30,316 |
| Total liabilities | $4,270 |
| Net assets or fund balances | $26,046 |