Skip to content
Nonprofiteer
← RACING FOR KIDS

Form 990 for tax year 2022

Filed by RACING FOR KIDS.

Totals

Total revenue
$437,286
Total expenses
$391,844
Contributions and grants received
$215,250
Grants paid
$138,784
Program service revenue
$0
Investment income
$0
Other revenue
$222,036
Total assets, end of year
$203,478
Total liabilities, end of year
$1,601
Net assets or fund balances, end of year
$201,877
Program services expenses (Part IX)
$188,326
Management and general expenses
$119,413
Fundraising expenses
$84,105
Program service expenses (Part III)
$188,326

Program services were 48.1% 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

    $215,250

  • 1g · Noncash contributions included above

    $350

  • 8a · Fundraising events: gross income

    $335,728

  • 8b · Fundraising events: direct expenses

    $113,692

  • 8c · Net income from fundraising events

    total $222,036 · excluded $222,036

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $137,884 · program services $137,884

  • 2 · Grants to domestic individuals

    total $900 · program services $900

  • 6 · Compensation of disqualified persons

    total $64,260 · program services $19,037 · management and general $22,600 · fundraising $22,623

  • 7 · Other salaries and wages

    total $36,193 · program services $10,722 · management and general $12,729 · fundraising $12,742

  • 10 · Payroll taxes

    total $7,751 · program services $2,296 · management and general $2,726 · fundraising $2,729

  • 11c · Fees: accounting

    total $7,475 · management and general $7,475

  • 11g · Fees: other

    total $37,464 · program services $550 · management and general $31,387 · fundraising $5,527

  • 12 · Advertising and promotion

    total $329 · management and general $329

  • 13 · Office expenses

    total $7,236 · management and general $7,136 · fundraising $100

  • 16 · Occupancy

    total $1,000 · management and general $1,000

  • 17 · Travel

    total $30,794 · program services $16,937 · management and general $3,079 · fundraising $10,778

  • 23 · Insurance

    total $3,180 · management and general $3,180

  • 24a · Other expenses: FUNDRAISING EXPENSE

    total $27,241 · fundraising $27,241

  • 24b · Other expenses: TELEPHONE

    total $12,002 · management and general $12,002

  • 24c · Other expenses: DUES AND FEES

    total $8,153 · management and general $8,153

  • 24d · Other expenses: MEALS

    total $4,730 · management and general $2,365 · fundraising $2,365

  • 24e · All other expenses

    total $5,252 · management and general $5,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $129,466 · end of year $186,566

  • 4 · Accounts receivable

    beginning of year $21,207 · end of year $7,101

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,437 · end of year $0

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

    $16,562

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

    $13,716

  • 10c · Land, buildings and equipment, net

    beginning of year $2,846 · end of year $2,846

  • 15 · Other assets

    end of year $6,965

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,521 · end of year $1,601

  • 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 $156,435 · end of year $201,877

Mission and programs · 2022

Mission

TO USE THE POPULARITY OF MOTORSPORTS TO BRING PUBLIC ATTENTION AND FUNDING TO THE HEALTH CARE NEEDS OF CHILDREN

Activities or mission (Part I)

USING MOTORSPORTS TO CALL ATTENTION TO HEALTH CARE NEEDS OF CHILDREN

  • DIRECT CONTRIBUTIONS TO VARIOUS CHILDREN'S HOSPITALS AND RELATED CHARITABLE ORGANIZATIONS

    Expenses $138,784 · Grants $138,784

  • EXPENSES ARE CONNECTED WITH PAYROLL,MARKETING AND PROMOTIONS, TRAVEL, AND OTHER RELATED PROGRAM SERVICES.

    Expenses $49,542

As filed on the 2022 return.

Listed in Part VII

  • William W Pinsky MD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Robert P Buhl

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • J Patrick Wright

    TREAS, SECY, EXEC DIR

    Total calculated
    $0
    Hours/week
    30

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
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202303179349303210

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.