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Nonprofiteer
← RACING FOR ALS INC

Form 990 for tax year 2025

Filed by RACING FOR ALS INC.

Totals

Total revenue
$506,322
Total expenses
$611,804
Contributions and grants received
$515,365
Grants paid
$386,994
Program service revenue
$0
Investment income
-$9,043
Other revenue
$0
Total assets, end of year
$86,683
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$86,683
Program services expenses (Part IX)
$611,804
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$611,804

Program services were 100.0% 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

    $515,365

  • 1g · Noncash contributions included above

    $3,595

  • 3 · Investment income

    total $1 · related or exempt $1

  • 7a · Gross sales of assets other than inventory

    other assets $37,500

  • 7b · Less cost or other basis and sales expenses

    other assets $46,544

  • 7c · Gain or loss

    other assets -$9,044

  • 7d · Net gain or loss

    total -$9,044 · related or exempt -$9,044

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $151,500 · program services $151,500

  • 2 · Grants to domestic individuals

    total $235,494 · program services $235,494

  • 11c · Fees: accounting

    total $3,965 · program services $3,965

  • 11g · Fees: other

    total $50,460 · program services $50,460

  • 12 · Advertising and promotion

    total $43,244 · program services $43,244

  • 13 · Office expenses

    total $93 · program services $93

  • 17 · Travel

    total $4,446 · program services $4,446

  • 19 · Conferences, conventions and meetings

    total $1,852 · program services $1,852

  • 20 · Interest

    total $671 · program services $671

  • 22 · Depreciation, depletion and amortization

    total $44,442 · program services $44,442

  • 23 · Insurance

    total $12,237 · program services $12,237

  • 24a · Other expenses: EQUIPMENT AND MAINTENAN

    total $22,114 · program services $22,114

  • 24b · Other expenses: RACING - TRACK COSTS/GA

    total $20,843 · program services $20,843

  • 24c · Other expenses: EQUIPMENT RENTAL

    total $11,450 · program services $11,450

  • 24d · Other expenses: AUTO AND TRAILER

    total $2,731 · program services $2,731

  • 24e · All other expenses

    total $6,262 · program services $6,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $61,101 · end of year $46,650

  • 2 · Savings and temporary cash investments

    beginning of year $12,001 · end of year $5,002

  • 10a · Land, buildings and equipment: cost or other basis

    $210,498

  • 10b · Land, buildings and equipment: accumulated depreciation

    $175,467

  • 10c · Land, buildings and equipment, net

    beginning of year $126,017 · end of year $35,031

  • 23 · Secured mortgages and notes payable

    beginning of year $6,954

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $192,165 · end of year $86,683

Mission and programs · 2025

Mission

TO RAISE FUNDS AND AWARENESS FOR RESEARCH AND TREATMENT OF MOTOR NEURON DISEASE (ALS).

  • DURING CALENDAR YEAR 2025 RACING FOR ALS, INC. ADMINISTERED GRANTS IN SUPPORT AND CARE OF INDIVIDUALS WITH ALS.

    Expenses $611,804 · Grants $386,994 · Revenue $506,322

As filed on the 2025 return.

Listed in Part VII

  • Scott Lloyd

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Cameron Singleton

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Marya Lloyd

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Andrew Trammel

    TREASURER

    Total calculated
    $0
    Hours/week
    5

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

Provenance

Return type
form_990
Tax year
2025
Filed
7 May 2026
IRS schema version
2025v4.1
Source object
202631559349300938

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