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← RACING FOR KIDS

Form 990 for tax year 2024

Filed by RACING FOR KIDS.

Totals

Total revenue
$311,746
Total expenses
$360,080
Contributions and grants received
$280,968
Grants paid
$31,179
Program service revenue
$0
Investment income
$0
Other revenue
$30,778
Total assets, end of year
$118,332
Total liabilities, end of year
$3,433
Net assets or fund balances, end of year
$114,899
Program services expenses (Part IX)
$230,295
Management and general expenses
$87,326
Fundraising expenses
$42,459
Program service expenses (Part III)
$230,295

Program services were 64.0% 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

    $280,968

  • 8a · Fundraising events: gross income

    $30,778

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $30,778 · excluded $30,778

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $31,179 · program services $31,179

  • 6 · Compensation of disqualified persons

    total $123,309 · program services $87,359 · management and general $17,818 · fundraising $18,132

  • 7 · Other salaries and wages

    total $19,116 · program services $11,470 · management and general $4,823 · fundraising $2,823

  • 11c · Fees: accounting

    total $9,933 · management and general $9,933

  • 12 · Advertising and promotion

    total $20,652 · program services $15,653 · management and general $1,967 · fundraising $3,032

  • 13 · Office expenses

    total $1,952 · management and general $1,952

  • 16 · Occupancy

    total $10,601 · management and general $10,601

  • 17 · Travel

    total $73,454 · program services $48,686 · management and general $24,768

  • 23 · Insurance

    total $3,349 · management and general $3,349

  • 24a · Other expenses: HOSPITALITY

    total $24,503 · program services $24,503

  • 24b · Other expenses: OTHER OPERATIONAL

    total $14,289 · program services $8,500 · management and general $5,789

  • 24c · Other expenses: FUNDRAISING EXPENSE

    total $14,158 · fundraising $14,158

  • 24d · Other expenses: TELEPHONE

    total $5,890 · program services $2,945 · management and general $589 · fundraising $2,356

  • 24e · All other expenses

    total $7,695 · management and general $5,737 · fundraising $1,958

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $153,669 · end of year $113,486

  • 4 · Accounts receivable

    beginning of year $21,207 · 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

    beginning of year $7,141 · end of year $2,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,706 · end of year $3,433

  • 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 $161,157 · end of year $114,899

Mission and programs · 2024

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 $31,179 · Grants $31,179

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

    Expenses $199,116

As filed on the 2024 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
    5

  • 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
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523219349303242

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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