Totals
- Total revenue
- $1,057,465
- Total expenses
- $544,947
- Contributions and grants received
- $1,053,232
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $4,233
- Total assets, end of year
- $672,390
- Total liabilities, end of year
- $227,263
- Net assets or fund balances, end of year
- $445,127
- Program services expenses (Part IX)
- $421,350
- Management and general expenses
- $123,597
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $421,350
Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$562,507
-
1f · All other contributions, gifts and grants
$490,725
-
1g · Noncash contributions included above
$0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11a · Other revenue: Restitution
total $4,233 · related or exempt $4,233 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$4,233
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $117,410 · program services $44,578 · management and general $72,832
-
11c · Fees: accounting
total $12,439 · management and general $12,439
-
11g · Fees: other
total $78,038 · program services $78,038
-
12 · Advertising and promotion
total $15,613 · management and general $15,613
-
13 · Office expenses
total $50,562 · program services $50,431 · management and general $131
-
14 · Information technology
total $20,389 · program services $20,389
-
16 · Occupancy
total $40,501 · program services $30,263 · management and general $10,238
-
17 · Travel
total $42,877 · program services $42,877
-
22 · Depreciation, depletion and amortization
total $11,246 · program services $11,246
-
23 · Insurance
total $17,322 · program services $17,322
-
24a · Other expenses: Auto & Truck Expense
total $55,632 · program services $55,632 · management and general $0 · fundraising $0
-
24b · Other expenses: Moving & Storage
total $6,529 · program services $6,529 · management and general $0 · fundraising $0
-
24c · Other expenses: Online Services
total $39,675 · program services $30,523 · management and general $9,152 · fundraising $0
-
24d · Other expenses: Repairs & Maintenance
total $4,944 · program services $4,944 · management and general $0 · fundraising $0
-
24e · All other expenses
total $31,770 · program services $28,578 · management and general $3,192
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,341 · end of year $14,900
-
4 · Accounts receivable
end of year $200
-
6 · Loans and receivables from disqualified persons
beginning of year $48,423
-
9 · Prepaid expenses and deferred charges
end of year $2,049
-
10a · Land, buildings and equipment: cost or other basis
$683,721
-
10b · Land, buildings and equipment: accumulated depreciation
$28,480
-
10c · Land, buildings and equipment, net
beginning of year $50,245 · end of year $655,241
-
17 · Accounts payable and accrued expenses
end of year $28,323
-
23 · Secured mortgages and notes payable
beginning of year $183,400 · end of year $198,940
-
27 · Net assets without donor restrictions
beginning of year -$67,391 · end of year $445,127
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
Our mission is to educate disadvantaged inner-city youth in the areas of science, technology, engineering and math through the lens of motorsports.
Activities or mission (Part I)
Our mission is to educate disadvantaged inner city youth in the areas of science, technology, engineering and math through the lens of motorsports.
-
Trained disadvantaged inner-city youth in the areas of science, technology, engineering and math. 60 students attended class on a weekly basis. We provide internships in the auto racing industry and offer mentoring programs for our students.
Expenses $421,350 · Grants $562,507 · Revenue $1,053,232
As filed on the 2024 return.
Listed in Part VII
-
ANTHONY MARTIN
EXECUTIVE DIRECTOR
- Total calculated
- $52,981
- From this org
- $52,981
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
John Cohen
Board Member
- Total calculated
- $0
- Hours/week
- 10
-
Hill Harper
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
James Farmer
Board Chairman
- Total calculated
- $0
- Hours/week
- 10
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 August 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543229349301844
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.