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Nonprofiteer
← ATLANTA TRACK CLUB FOUNDATION INC

Form 990 for tax year 2024

Filed by ATLANTA TRACK CLUB FOUNDATION INC.

Totals

Total revenue
$366,958
Total expenses
$598,865
Contributions and grants received
$302,485
Grants paid
$20,000
Program service revenue
$64,473
Investment income
$0
Other revenue
$0
Total assets, end of year
$130,640
Total liabilities, end of year
$842,047
Net assets or fund balances, end of year
-$711,407
Program services expenses (Part IX)
$211,114
Management and general expenses
$0
Fundraising expenses
$387,751
Program service expenses (Part III)
$211,114

Program services were 35.3% 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.

  • 1f · All other contributions, gifts and grants

    $302,485

  • 1g · Noncash contributions included above

    $2,529

  • 2a · Program service revenue: RACE FEES

    total $64,473 · related or exempt $64,473

  • 3 · Investment income

    total $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000 · program services $10,000

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $239,650 · fundraising $239,650

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $53,421 · fundraising $53,421

  • 8 · Pension plan contributions

    total $668 · fundraising $668

  • 9 · Other employee benefits

    total $6,635 · fundraising $6,635

  • 10 · Payroll taxes

    total $19,198 · fundraising $19,198

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $30,000 · fundraising $30,000

  • 12 · Advertising and promotion

    total $32,637 · fundraising $32,637

  • 13 · Office expenses

    total $3,566 · fundraising $3,566

  • 14 · Information technology

    total $1,472 · fundraising $1,472

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $504 · fundraising $504

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: YOUTH PROGRAMS

    total $191,114 · program services $191,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,532 · end of year $130,640

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $81,176 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $653,808 · end of year $842,047

  • 27 · Net assets without donor restrictions

    beginning of year -$482,100 · end of year -$711,407

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TYPE 1 SUPPORTING ORGANIZATION OF ATLANTA TRACK CLUB. RESPONSIBLE FOR FUNDRAISING, CHARITABLE CONTRIBUTIONS AND CAPITAL PROJECTS. THE ORGANIZATION'S INITIAL ACTIVITY WILL BE TO RAISE FUNDING TO CONSTRUCT, OPEN AND MAINTAIN AN INDOOR CENTER TO SERVE AS A RUNNING AND FITNESS HUB FOR ATLANTA AND A COMMUNITY CENTER FOR THE RESIDENTS OF GROVE PARK. ONCE THE INDOOR CENTER OPENS, 70% OF THE FOUNDATION'S EFFORTS WILL BE TO SUPPORT AND ENHANCE THE ATLANTA TRACK CLUB, INC. AND 30% WILL PROVIDE SUPPORT TO ORGANIZATIONS IN ATLANTA THAT SUPPORT HEALTH AND FITNESS.

Activities or mission (Part I)

TYPE I SUPPORTING ORGANIZATION OF ATLANTA TRACK CLUB-FOCUSES ON ANNUAL FUNDRAISING INITIATIVES TO SUPPORT COMMUNITY PROGRAMMING, SCHOLARSHIPS, AND CAPITAL PROJECTS.

  • Youth Programs: The Foundation raises funds for the Atlanta Track Club's youth-based initiatives to suPport community programming, greatest need, and annual scholarship programs. Atlanta Track Club is dedicated to inspiring and engaging Atlanta area youth to make better lifestyle choices and become active through the sport of running. Together with the community, Atlanta Track Club is committed to fighting the childhood obesity epidemic, through the Kilometer Kids youth running program. Founded in 2007, Kilometer Kids has impacted more than 34,000 young people in metro Atlanta and beyond.

    Expenses $201,114 · Grants $10,000 · Revenue $64,473

  • Endurance Cardio Data Registry Grant: The Foundation provided a $10,000 grant to Emory for the Endurance Cardio Data Registry. This grant by the Foundation was made possible by a grant from the Southern Co Charitable Foundation. The Atlanta Track Club and Emory Sports Cardiology continue to be involved in research promoting the cardiovascular health in Masters athletes to study disparities and the CV health of Masters athletes. This project is studying the impact of self-identified race and social determinants of health on CV phenotypes in a mixed cohort of Black and White women and men Masters athletes. The goal is to recruit and study ~240 athletes over the coming 1-3 years to complete this study. This study includes questionnaires, basic blood tests, and non-invasive cardiovascular testing (vascular function, echocardiography, and a coronary calcium score.) ATC Foundation funding supports the acquisition of these study tests. Key Participants include athletes aged between 40-65 years-old with no prior cardiac history and overall lower cardiac risk, who must be engaged in high levels of exercise (includes prior endurance competitions and regular high amounts of exercise per week.)

    Expenses $10,000 · Grants $10,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RICH KENAH

    CEO

    Total calculated
    $414,300
    From this org
    $47,158
    From related orgs
    $335,052
    Other
    $32,090
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $47,158 + $177,802 related
    Bonus
    $0 + $157,250 related
    Other
    $0
    Deferred
    $2,983 + $12,651 related
    Nontaxable benefits
    $2,948 + $14,132 related
    Filer's total
    $53,089 + $361,835 related
  • KENDYL MOSS

    PRESIDENT

    Total calculated
    $185,914
    From this org
    $157,346
    From related orgs
    $15,638
    Other
    $12,930
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $157,346
    Bonus
    $0 + $15,638 related
    Other
    $0
    Deferred
    $6,439 + $480 related
    Nontaxable benefits
    $6,635
    Filer's total
    $170,420 + $16,118 related
  • CULLEN BRYENTON

    CFO

    Total calculated
    $183,338
    From this org
    $14,308
    From related orgs
    $148,550
    Other
    $20,480
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $14,308 + $125,330 related
    Bonus
    $0 + $23,220 related
    Other
    $0
    Deferred
    $616 + $5,983 related
    Nontaxable benefits
    $1,217 + $13,289 related
    Filer's total
    $16,141 + $167,822 related
  • KATIE KIRKPATRICK

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • GAIL DEVERS

    BOARD MEMBER-VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Tim Hynes

    BOARD MEMBER-TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • MIKE ANDERSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • ERIKA JOLLY BROOKES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JULIA EMMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Da'Rel Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • DAN GORDON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 7
BONUSES ARE DETERMINED BY THE BOARD AND BASED ON A POOL OF STAFF SALARIES MULTIPLIED BY A SET BUDGET PERCENTAGE ESTABLISHED DURING THE BUDGET PREPARATION. THE POOL OF SALARIES IS THE BASE AMOUNT AND THE BOARD MAY APPROVE MORE IF IT'S DEEMED APPROPRIATE. BONUS AWARDS ARE ALLOCATED BASED ON PERFORMANCE.
SCHEDULE J, PART II
THE SUPPORTED ORGANIZATION, ATLANTA TRACK CLUB, INC. EIN: 58-1367422 PAYS COMPENSATION TO AND PROVIDES FORMS W-2 TO THE THREE OFFICERS OF THIS ENTITY. THIS ENTITY DOES NOT ISSUE FORMS W-2 BUT HAS SET UP A LIABILITY TO REIMBURSE THE ALLOCATED COMPENSATION AND BENEFITS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202503219349318345

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