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Nonprofiteer
← CHARLOTTESVILLE TRACK CLUB INC

Form 990 for tax year 2023

Filed by CHARLOTTESVILLE TRACK CLUB INC.

Totals

Total revenue
$411,948
Total expenses
$410,236
Contributions and grants received
$148,380
Grants paid
$302,375
Program service revenue
$261,788
Investment income
$1,780
Other revenue
$0
Total assets, end of year
$195,604
Total liabilities, end of year
$92,000
Net assets or fund balances, end of year
$103,604
Program services expenses (Part IX)
$398,633
Management and general expenses
$11,603
Fundraising expenses
$0
Program service expenses (Part III)
$398,633

Program services were 97.2% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $9,282

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $139,098

  • 1g · Noncash contributions included above

    $0

  • 2f · All other program service revenue

    total $261,788 · related or exempt $261,788 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,780 · related or exempt $1,780 · unrelated business $0 · excluded $0

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

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $298,375 · program services $298,375

  • 2 · Grants to domestic individuals

    total $4,000 · program services $4,000

  • 12 · Advertising and promotion

    total $6,912 · program services $6,912

  • 13 · Office expenses

    total $11,982 · program services $5,761 · management and general $6,221

  • 16 · Occupancy

    total $3,574 · program services $3,574

  • 23 · Insurance

    total $3,423 · program services $385 · management and general $3,038

  • 24a · Other expenses: Race and Event Expenses

    total $81,970 · program services $79,626 · management and general $2,344 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $113,791 · end of year $133,824

  • 2 · Savings and temporary cash investments

    beginning of year $69,437 · end of year $51,119

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

    $15,230

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

    $4,569

  • 10c · Land, buildings and equipment, net

    beginning of year $11,422 · end of year $10,661

  • 18 · Grants payable

    beginning of year $94,357 · end of year $92,000

  • 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 $100,293 · end of year $103,604

Mission and programs · 2023

Mission

Since its founding in 1976, the Charlottesville Track Club has supported the running community in Charlottesville. Focusing on philanthropy through not-for-profit races CTC has raised millions of dollars for charities. The Women's 4-Miler, for instance, has raised more than $4 million for the Emily Couric Clinical Cancer Center. In the process tens of thousands of women have completed the training and run the race. Our members volunteer at local races, helping runners navigate race day and the course, but also meet up with others of the same mindset, and running, training together builds the bond of true friendships. The bonds are reinforced and friendships measured not not only with birthdays or anniversaries, but in a child's first race, a training partner's personal best or a Boston Qualifying Time.

Activities or mission (Part I)

CTC is organized to provide a structured organization for the purpose of promoting running as a sport and healthy lifestyle within our community. In furtherance of our purpose, CTC hosts group runs, fun runs, training runs and programs on the road and/or track, hosts education lectures about topics of interest for runners, provides awards for club members, hosts social events for members, and all such other things as may be conducive to the encouragement of running. CTC also engages in community activities, to publicize by appropriate means, the benefits of running as a means of physical fitness to improve the health status of people in our community. CTC's support of non-profit running events helps raise funds in the local community.

  • Charlottesville Ten Miler: Established 1976, The Charlottesville Ten Miler is the area's oldest and most prestigious footrace. Widely considered to be the "most scenic urban course" in the state, this rolling tour of Charlottesville brings runners through Jefferson's beautiful UVA "grounds", up Rugby Road, down Preston, up the historic downtown mall, around Court Square and the gorgeous Park Street neighborhoods, up Main Street and by the famous University "Corner." The race supports multiple charities in the local area with large (20k+) and small (1-3k) donations from race proceeds and donations.

    Expenses $176,984 · Grants $105,000 · Revenue $176,312

  • Charlottesville Women's Four Miler: The 41st annual Charlottesville Women's Four Miler was held at Foxfield on Saturday, September 2nd, 2023. This much-loved community event began in 1983 and, since then, has grown to become the largest women's-only race in Virginia while raising over 4.2 million dollars for the UVA Breast Care Center. It is a fun, challenging, and deeply meaningful local tradition. Participants run or walk the beautiful countryside course, or participate virtually from anywhere. Proceeds benefit the UVA Breast Care Program. As of fiscal year end, final donations were being collected and the payment to benefit the UVA Breast Care Program was in process, but not reflected in fiscal year financials.

    Expenses $84,867 · Grants $75,000 · Revenue $118,778

  • Pepsi 10K: The money raised from this run goes directly to the Local Area 3 Special Olympics. There are no paid positions at the local level and all coaches and staff are volunteers. All funds are used to pay for equipment, uniforms, travel to competitions, and educational materials about Special Olympics.

    Expenses $31,125 · Grants $31,125 · Revenue $11,783

  • All other races run by the club, including any associated donations. Expenses included direct expenses of the races, a storage shed for the club, and a variety of beneficiary payments to local charities and for our scholarship program.

    Expenses $105,657 · Grants $91,250 · Revenue $102,075

As filed on the 2023 return.

Listed in Part VII

  • Katherine Walker

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Tim Wendel

    President

    Total calculated
    $0
    Hours/week
    2

  • Diane Rosin

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Rick Willis

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Nick Lancaster

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Sara Leigh

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    2

  • Frances Manley

    Member, Board of Directors

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
9 November 2024
IRS schema version
2023v5.0
Source object
202443179349300519

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