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Nonprofiteer
← THE COOPER RIVER BRIDGE RUN INC

Form 990 for tax year 2023

Filed by THE COOPER RIVER BRIDGE RUN INC.

Totals

Total revenue
$2,878,805
Total expenses
$2,576,692
Contributions and grants received
$763,296
Grants paid
$99,038
Program service revenue
$2,008,559
Investment income
$36,060
Other revenue
$70,890
Total assets, end of year
$2,518,842
Total liabilities, end of year
$184,859
Net assets or fund balances, end of year
$2,333,983
Program services expenses (Part IX)
$2,413,232
Management and general expenses
$93,874
Fundraising expenses
$69,586
Program service expenses (Part III)
$2,413,232

Program services were 93.7% 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.

  • 1e · Government grants (contributions)

    $224,045

  • 1f · All other contributions, gifts and grants

    $539,251

  • 2a · Program service revenue: REGISTRATION FEES

    total $1,852,798 · related or exempt $1,852,798

  • 2b · Program service revenue: EXPO FEES

    total $94,409 · related or exempt $94,409

  • 2c · Program service revenue: REVENUE SHARE

    total $50,282 · related or exempt $50,282

  • 2d · Program service revenue: BOAT SHUTTLE TICKETS

    total $11,070 · related or exempt $11,070

  • 3 · Investment income

    total $36,060 · excluded $36,060

  • 10a · Gross sales of inventory

    $170,379

  • 10b · Cost of goods sold

    $99,496

  • 10c · Net income from sales of inventory

    total $70,883 · related or exempt $70,883

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $7 · excluded $7

  • 11e · Other revenue, total

    $7

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $99,038 · program services $99,038

  • 5 · Compensation of officers, directors and key employees

    total $100,000 · program services $60,000 · management and general $30,000 · fundraising $10,000

  • 7 · Other salaries and wages

    total $220,880 · program services $180,660 · management and general $2,088 · fundraising $38,132

  • 8 · Pension plan contributions

    total $7,194 · program services $5,396 · management and general $719 · fundraising $1,079

  • 9 · Other employee benefits

    total $29,750 · program services $22,312 · management and general $2,975 · fundraising $4,463

  • 10 · Payroll taxes

    total $24,598 · program services $14,759 · management and general $2,460 · fundraising $7,379

  • 11b · Fees: legal

    total $56 · management and general $56

  • 11c · Fees: accounting

    total $13,575 · management and general $13,575

  • 12 · Advertising and promotion

    total $256,243 · program services $256,243

  • 13 · Office expenses

    total $141,101 · program services $129,604 · management and general $10,721 · fundraising $776

  • 14 · Information technology

    total $10,730 · program services $9,227 · management and general $1,288 · fundraising $215

  • 16 · Occupancy

    total $53,836 · program services $35,438 · management and general $14,119 · fundraising $4,279

  • 17 · Travel

    total $6,317 · program services $4,737 · management and general $1,580

  • 19 · Conferences, conventions and meetings

    total $4,415 · program services $3,223 · management and general $1,104 · fundraising $88

  • 22 · Depreciation, depletion and amortization

    total $31,241 · program services $18,745 · management and general $9,372 · fundraising $3,124

  • 23 · Insurance

    total $6,045 · program services $2,177 · management and general $3,817 · fundraising $51

  • 24a · Other expenses: RUN ACTIVITIES

    total $1,260,904 · program services $1,260,904

  • 24b · Other expenses: T-SHIRTS AND SOUVENIRS

    total $246,869 · program services $246,869

  • 24c · Other expenses: PRIZE MONEY

    total $63,900 · program services $63,900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,154,905 · end of year $1,299,075

  • 2 · Savings and temporary cash investments

    beginning of year $598,914

  • 4 · Accounts receivable

    beginning of year $39,000 · end of year $35,030

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,500

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

    $903,126

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

    $341,616

  • 10c · Land, buildings and equipment, net

    beginning of year $592,751 · end of year $561,510

  • 11 · Investments: publicly traded securities

    end of year $623,227

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,747 · end of year $7,989

  • 19 · Deferred revenue

    beginning of year $289,953 · end of year $176,870

  • 27 · Net assets without donor restrictions

    beginning of year $2,033,370 · end of year $2,333,983

Mission and programs · 2023

Mission

THE COOPER RIVER BRIDGE RUN, INC. PROVIDES A WORLD CLASS 10-K ROAD RACE AND OTHER RELATED EVENTS AND PROMOTES CONTINUOUS PHYSICAL ACTIVITY AND A HEALTHY LIFESTYLE THROUGH EDUCATION, OPPORTUNITY AND MOTIVATION.

  • THE COOPER RIVER BRIDGE RUN IS THE BEST ORGANIZED AND BEST CONDUCTED 10-K RACE IN THE WORLD. IT INCLUDES WORLD-CLASS COMPETITION IN A UNIQUE SETTING WITH UNPARALLELED PARTICIPANT SATISFACTION. IT BROADENS COMMUNITY COOPERATION AND PARTICIPATION IN HEALTHY EVENTS THROUGHOUT THE YEAR. THE COOPER RIVER BRIDGE RUN SERVES AS A MODEL OF HEALTH MOTIVATION FOR OTHER COMMUNITIES THROUGHOUT THE WORLD. THE 2024 COOPER BRIDGE RUN TOOK PLACE ON APRIL 6, 2024. (SEE SCHEDULE O)

    Expenses $2,413,232 · Grants $99,038 · Revenue $2,008,559

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Kathy L Lehman - Huskamp

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Harvey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Gergick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Wieters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wes Dudgeon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Deaton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Heath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Seekings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Philip Macchia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Irv Batten

    RACE DIRECTO

    Total calculated
    $103,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $3,000
    Hours/week
    40

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
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349308456

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