River Town Racers
- Assets
- $114.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Petaluma, CA
- Founding
- 04/2019
- Data as of
- 06/2023
- EIN
- 83-2551403
Organization Overview
River Town Racers is located in Petaluma, CA. The organization was established in 2019. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, 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. River Town Racers 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 06/2023, River Town Racers generated $39.5k 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 (22.2%) each year. All expenses for the organization totaled $31.4k during the year ending 06/2023. 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 |
|---|---|---|---|
Craig Caddell President | 15 | $0 | |
Susan Starbird Vice President | 30 | $0 | |
Tracy Johnson Treasurer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,177 |
| Total Program Service Revenue | $0 |
| Membership dues | $23,351 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,528 |
| 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 | $263 |
| Occupancy, rent, utilities, and maintenance | $4,872 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $26,258 |
| Total expenses | $31,393 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,192 |
| Other assets | $0 |
| Total assets | $114,898 |
| Total liabilities | $69,095 |
| Net assets or fund balances | $45,803 |