Totals
- Total revenue
- $359,241
- Total expenses
- $381,897
- Contributions and grants received
- $359,241
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $176,000
- Total liabilities, end of year
- $176,000
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $181,818
- Management and general expenses
- $180,330
- Fundraising expenses
- $19,749
- Program service expenses (Part III)
- $181,818
Program services were 47.6% 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
$27,201
-
1f · All other contributions, gifts and grants
$332,040
-
2f · All other program service revenue
total $0 · unrelated business $0 · excluded $0
-
8a · Fundraising events: contributions included on line 1c
$27,201
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $8,753 · program services $8,753
-
5 · Compensation of officers, directors and key employees
total $71,760 · program services $0 · management and general $71,760 · fundraising $0
-
7 · Other salaries and wages
total $14,400 · program services $0 · management and general $14,400 · fundraising $0
-
10 · Payroll taxes
total $8,563 · program services $0 · management and general $8,563 · fundraising $0
-
11g · Fees: other
total $59,137 · program services $0 · management and general $44,352 · fundraising $14,785
-
12 · Advertising and promotion
total $5,832 · program services $5,832 · management and general $0 · fundraising $0
-
13 · Office expenses
total $12,686 · program services $10,905 · management and general $1,781 · fundraising $0
-
16 · Occupancy
total $49,610 · program services $49,610 · management and general $0 · fundraising $0
-
17 · Travel
total $32,089 · program services $16,044 · management and general $16,045 · fundraising $0
-
20 · Interest
total $2,049 · program services $0 · management and general $2,049 · fundraising $0
-
23 · Insurance
total $10,005 · program services $10,005 · management and general $0 · fundraising $0
-
24e · All other expenses
total $107,013 · program services $80,669 · management and general $21,380 · fundraising $4,964
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $82,299 · end of year $17,341
-
10a · Land, buildings and equipment: cost or other basis
$158,659
-
10c · Land, buildings and equipment, net
beginning of year $125,000 · end of year $158,659
-
15 · Other assets
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $137,639 · end of year $176,000
-
27 · Net assets without donor restrictions
beginning of year $69,660
Mission and programs · 2023
Mission
Our mission is to educate disadvantaged inner city youth in the areas, of science, technology, engineering and math through the lens of motorsports.
-
Trained disadvantaged inner city youth in the areas of science, technology, engineering and math. 80 students attend class on a weekly basis. We provide internships in the auto racing industry and offer mentoring programs for our students.
Expenses $181,818 · Grants $5,000 · Revenue $359,241
As filed on the 2023 return.
Listed in Part VII
-
Anthony Martin
Executive Director
- Total calculated
- $71,760
- From this org
- $71,760
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 17 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442129349300619
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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