Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,044,105

• 1g · Noncash contributions included above

  $374,200

• 2a · Program service revenue: Race entry fees

  total $4,715,874 · related or exempt $4,715,874

• 2b · Program service revenue: Race expo fees

  total $420,213 · related or exempt $420,213

• 2c · Program service revenue: Other service fees

  total $10,024 · related or exempt $10,024

• 3 · Investment income

  total $161,503 · excluded $161,503

• 7a · Gross sales of assets other than inventory

  securities $188,788

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

  securities $182,683

• 7c · Gain or loss

  securities $6,105

• 7d · Net gain or loss

  total $6,105 · excluded $6,105

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $84,007 · program services $84,007

• 5 · Compensation of officers, directors and key employees

  total $210,300 · program services $210,300

• 7 · Other salaries and wages

  total $976,724 · program services $976,724

• 8 · Pension plan contributions

  total $37,869 · program services $37,869

• 9 · Other employee benefits

  total $116,848 · program services $116,848

• 10 · Payroll taxes

  total $94,213 · program services $94,213

• 11c · Fees: accounting

  total $6,800 · management and general $6,800

• 11f · Fees: investment management

  total $6,110 · management and general $6,110

• 11g · Fees: other

  total $32,601 · program services $32,601

• 12 · Advertising and promotion

  total $496,339 · program services $496,339

• 13 · Office expenses

  total $48,312 · program services $47,878 · management and general $434

• 14 · Information technology

  total $49,607 · program services $47,672 · management and general $1,935

• 16 · Occupancy

  total $296,959 · program services $296,959

• 17 · Travel

  total $23,745 · program services $22,096 · management and general $1,649

• 19 · Conferences, conventions and meetings

  total $16,541 · program services $13,287 · management and general $3,254

• 23 · Insurance

  total $136,598 · program services $130,464 · management and general $6,134

• 24a · Other expenses: Race course expenses

  total $1,418,843 · program services $1,418,843

• 24b · Other expenses: Runner & Runner program

  total $1,166,704 · program services $1,166,704

• 24c · Other expenses: Elite athlete program

  total $667,578 · program services $667,578

• 24d · Other expenses: Convention & expo

  total $650,036 · program services $650,036

• 24e · All other expenses

  total $540,564 · program services $540,564

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,190,554 · end of year $910,353

• 2 · Savings and temporary cash investments

  beginning of year $805,663 · end of year $1,481,399

• 4 · Accounts receivable

  beginning of year $26,640 · end of year $22,284

• 9 · Prepaid expenses and deferred charges

  beginning of year $115,908 · end of year $86,225

• 11 · Investments: publicly traded securities

  beginning of year $2,183,062 · end of year $2,334,393

• 15 · Other assets

  beginning of year $12,206 · end of year $12,206

• 17 · Accounts payable and accrued expenses

  beginning of year $32,791 · end of year $99,020

• 19 · Deferred revenue

  beginning of year $1,206,608 · end of year $1,305,286

• 27 · Net assets without donor restrictions

  beginning of year $3,094,634 · end of year $3,392,554

• 28 · Net assets with donor restrictions

  end of year $50,000

The filer's explanations (Part III)

Part II, Officers, Directors and Highest Compensated Employees

Bonuses for the Executive Director and Race Director are determined by the board.