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Nonprofiteer
← KYLE PETTY CHARITY RIDE INC

Form 990 for tax year 2023

Filed by KYLE PETTY CHARITY RIDE INC.

Totals

Total revenue
$1,351,087
Total expenses
$1,391,778
Contributions and grants received
$637,581
Grants paid
$1,010,000
Program service revenue
$0
Investment income
-$649
Other revenue
$714,155
Total assets, end of year
$1,275,566
Total liabilities, end of year
$233,240
Net assets or fund balances, end of year
$1,042,326
Program services expenses (Part IX)
$1,060,157
Management and general expenses
$96,975
Fundraising expenses
$234,646
Program service expenses (Part III)
$1,060,157

Program services were 76.2% 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.

  • 1c · Fundraising events

    $637,581

  • 3 · Investment income

    total $19,806 · related or exempt $19,806

  • 7a · Gross sales of assets other than inventory

    securities $196,940

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

    securities $217,395

  • 7c · Gain or loss

    securities -$20,455

  • 7d · Net gain or loss

    total -$20,455 · related or exempt -$20,455

  • 8a · Fundraising events: gross income

    $1,231,529

  • 8a · Fundraising events: contributions included on line 1c

    $637,581

  • 8b · Fundraising events: direct expenses

    $530,035

  • 8c · Net income from fundraising events

    total $701,494 · excluded $701,494

  • 11a · Other revenue: OTHER

    total $12,661 · related or exempt $12,661

  • 11e · Other revenue, total

    $12,661

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,010,000 · program services $1,010,000

  • 5 · Compensation of officers, directors and key employees

    total $106,029 · program services $21,205 · management and general $42,412 · fundraising $42,412

  • 7 · Other salaries and wages

    total $109,996 · program services $22,000 · management and general $43,998 · fundraising $43,998

  • 10 · Payroll taxes

    total $14,135 · program services $2,827 · management and general $5,654 · fundraising $5,654

  • 11c · Fees: accounting

    total $11,325 · program services $3,775 · management and general $3,775 · fundraising $3,775

  • 12 · Advertising and promotion

    total $19,000 · fundraising $19,000

  • 13 · Office expenses

    total $3,358 · fundraising $3,358

  • 16 · Occupancy

    total $615 · program services $205 · management and general $205 · fundraising $205

  • 22 · Depreciation, depletion and amortization

    total $290 · program services $145 · management and general $145

  • 23 · Insurance

    total $27,926 · fundraising $27,926

  • 24a · Other expenses: MISCELLANEOUS

    total $50,662 · fundraising $50,662

  • 24b · Other expenses: CREDIT CARD, PAYROLL &

    total $16,339 · management and general $786 · fundraising $15,553

  • 24c · Other expenses: TELEPHONE

    total $5,620 · fundraising $5,620

  • 24d · Other expenses: PRINTING

    total $4,055 · fundraising $4,055

  • 24e · All other expenses

    total $12,428 · fundraising $12,428

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $530,062 · end of year $457,644

  • 4 · Accounts receivable

    end of year $34,036

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,500 · end of year $40,665

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

    $77,458

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

    $77,458

  • 10c · Land, buildings and equipment, net

    beginning of year $289 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $499,070 · end of year $579,819

  • 12 · Investments: other securities

    beginning of year $5,995 · end of year $0

  • 15 · Other assets

    beginning of year $226,697 · end of year $163,402

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,619 · end of year $27,954

  • 19 · Deferred revenue

    beginning of year $10,071 · end of year $35,445

  • 25 · Other liabilities

    beginning of year $226,697 · end of year $169,841

  • 27 · Net assets without donor restrictions

    beginning of year $1,006,226 · end of year $1,042,326

Mission and programs · 2023

Mission

KYLE PETTY CHARITY RIDE ENGAGES IN ACTIVITIES TO BENEFIT HOSPITALS AND OTHER CHARITABLE ORGANIZATIONS WHICH ASSIST CHILDREN INFLICTED WITH DISEASE OR INJURY AND TO PROMOTE COMMUNITY AWARENESS OF THE NEEDS OF CHILDREN WITH SERIOUS DISEASES, ILLNESS AND INJURY.

Activities or mission (Part I)

KPCR ENGAGES IN ACTIVITIES TO BENEFIT HOSPITALS AND OTHER CHARITABLE ORGANIZATIONS WHICH ASSIST CHILDREN AFFLICTED WITH DISEASE OR INJURY AND TO PROMOTE COMMUNITY AWARENESS OF THE NEEDS OF CHILDREN WITH SERIOUS DISEASES, ILLNESS AND INJURY.

  • CONTRIBUTIONS TO VARIOUS COMMUNITY & CHILDREN'S CHARITIES

    Expenses $1,060,157 · Grants $1,010,000

As filed on the 2023 return.

Listed in Part VII

  • Kyle E Petty

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Dr David F Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Terry Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Morri Irvin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Eddie Gossage

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Jon Manafort

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Vic Misenheimer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mike Heafner

    ASST. SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • George Cable

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • John Christner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Morgan Castano Petty

    EXECUTIVE DIRECTOR

    Total calculated
    $106,029
    From this org
    $106,029
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • VICTORY JUNCTION GANG CAMP INC

    $760,000

    TO ASSIST CHILDREN INFLICTED WITH DISEASE OR INJURY AND TO PROMOTE COMMUNITY AWARENESS OF THE NEEDS OF CHILDREN WITH SERIOUS DISEASES, ILLNESS AND INJURY.

  • KYLE PETTY CHARITY RIDE TRUST INC

    $250,000

    TO ASSIST CHILDREN INFLICTED WITH DISEASE OR INJURY AND TO PROMOTE COMMUNITY AWARENESS OF THE NEEDS OF CHILDREN WITH SERIOUS DISEASES, ILLNESS AND INJURY.

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
2023
Filed
25 April 2024
IRS schema version
2023v5.0
Source object
202411169349302006

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