Racing For Charity Inc
- Assets
- $53.8k
- Revenue
- $265.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Twin Falls, ID
- Founding
- Data as of
- 12/2023
- EIN
- 85-3160982
Organization Overview
Racing For Charity Inc is located in Twin Falls, ID. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Charity 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 12/2023, Racing For Charity Inc generated $265.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 38.1% each year . All expenses for the organization totaled $273.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Racing For Charity Inc has awarded 61 individual grants totaling $640,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penelope Parker President | 0 | $0 | |
Ann Lively Director | 0 | $0 | |
Kelly Peterson Co-Treasurer | 0 | $0 | |
Laurie Lickley Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $110,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $155,403 |
| Total Revenue | $265,403 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,397 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,642 |
| Total operating and administrative expenses | $72,639 |
| Contributions, gifts, grants paid | $200,500 |
| Total expenses and disbursements | $273,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,198 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $2,585 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $53,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Racing For Charity Inc has awarded $200,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
IDAHO LEGAL AID SERVICES IN PURPOSE: FUNDING | $10,000 |
FIFTH JUDICIAL DIST CASA PURPOSE: FUNDING | $10,000 |
INTERLINK VOLUNTEERS PURPOSE: FUNDING | $10,000 |
JEROME SENIOR CITIZEN SVC CTR INC PURPOSE: FUNDING | $10,000 |
JUMP COMPANY PURPOSE: FUNDING | $10,000 |
MAGIC VALLEY ARTS COUNCIL PURPOSE: FUNDING | $10,000 |