Race For Life Inc
- Assets
- $8.9m
- Revenue
- $137.8k
- Investments
- $4.7m
- Employees
- 0
- Location
- Annapolis, MD
- Founding
- Data as of
- 12/2022
- EIN
- 87-3813883
Organization Overview
Race For Life Inc is located in Annapolis, MD. According to its NTEE Classification (D20) the organization is classified as: Animal Protection & Welfare, under the broad grouping of Animal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Race For Life 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 12/2022, Race For Life Inc generated $137.8k in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AIR TRANSPORT FOR ANIMALS, RESCUING THEM FROM OVERCROWDED SHELTERS WHERE THEY FACE EUTHANASIA, AREAS AFFECTED BY NATURAL DISASTER, AND UNHEALTHY LIVING ENVIRONMENTS TO ADOPTION CENTERS WHERE THEY CAN FIND SAFE, LOVING HOMES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Defrancesco President | 30 | $0 | |
Dennis Warnke Treasurer | 5 | $0 | |
Patricia Meehan Secretary | 5 | $33,462 | |
Bianca Smith Executive Director | 40 | $120,115 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $101,321 |
| Interest on Savings | $0 |
| Dividends & Interest | $36,437 |
| 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 | $0 |
| Total Revenue | $137,758 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $254,108 |
| Other employee salaries and wages | $216,798 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $500 |
| Depreciation | $126,747 |
| Occupancy | $7,573 |
| Travel, conferences, and meetings | $82,272 |
| Printing and publications | $0 |
| Other expenses | $427,125 |
| Total operating and administrative expenses | $1,230,120 |
| Contributions, gifts, grants paid | $45,604 |
| Total expenses and disbursements | $1,275,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,642 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,064,729 |
| Other assets | $0 |
| Total assets | $8,862,329 |
| 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, Race For Life Inc has awarded $45,604 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL RESCUE CORPS PURPOSE: GENERAL DONATIONS FOR THE OPERATIONS OF THE NONPROFIT | $2,604 |
BIG DOG RANCH RESCUE PURPOSE: GENERAL DONATIONS FOR THE OPERATIONS OF THE NONPROFIT | $10,500 |
GREATER HILLSDALE HUMANE SOCIETY PURPOSE: GENERAL DONATIONS FOR THE OPERATIONS OF THE NONPROFIT | $5,000 |
BISSELL PET FOUNDATION PURPOSE: GENERAL DONATIONS FOR THE OPERATIONS OF THE NONPROFIT | $27,500 |