Form 990 for tax year 2022

1e · Government grants (contributions)

$36,500

1f · All other contributions, gifts and grants

$2,770,373

1g · Noncash contributions included above

$1,242,865

2a · Program service revenue: RACE FEES

total $94,431 · related or exempt $94,431

3 · Investment income

total $52,087 · excluded $52,087

7a · Gross sales of assets other than inventory

securities $39,609

7b · Less cost or other basis and sales expenses

securities $39,500

7c · Gain or loss

securities $109

7d · Net gain or loss

total $109 · excluded $109

11a · Other revenue: MISCELLANEOUS REVENUE

total $41,120 · excluded $41,120

11e · Other revenue, total

$41,120

2 · Grants to domestic individuals

total $76,100 · program services $76,100

5 · Compensation of officers, directors and key employees

total $54,985 · program services $43,987 · management and general $5,499 · fundraising $5,499

7 · Other salaries and wages

total $373,277 · program services $298,622 · management and general $37,328 · fundraising $37,327

9 · Other employee benefits

total $14,035 · program services $11,230 · management and general $1,403 · fundraising $1,402

10 · Payroll taxes

total $33,796 · program services $27,036 · management and general $3,380 · fundraising $3,380

11c · Fees: accounting

total $21,585 · program services $17,268 · management and general $3,238 · fundraising $1,079

11f · Fees: investment management

total $3,288 · program services $2,630 · management and general $494 · fundraising $164

11g · Fees: other

total $137,176 · program services $109,741 · management and general $20,576 · fundraising $6,859

12 · Advertising and promotion

total $2,977 · fundraising $2,977

13 · Office expenses

total $47,472 · program services $41,355 · management and general $3,728 · fundraising $2,389

16 · Occupancy

total $1,957 · program services $1,663 · management and general $196 · fundraising $98

17 · Travel

total $9,423 · program services $8,010 · management and general $942 · fundraising $471

19 · Conferences, conventions and meetings

total $46,999 · program services $39,949 · management and general $7,050

22 · Depreciation, depletion and amortization

total $3,580 · program services $3,043 · management and general $358 · fundraising $179

23 · Insurance

total $32,870 · program services $27,940 · management and general $3,287 · fundraising $1,643

24a · Other expenses: RACE COSTS

total $1,763,908 · program services $1,763,908

24b · Other expenses: TRANSPORTATION

total $289,756 · program services $289,756

1 · Cash, non-interest-bearing

beginning of year $369,165 · end of year $257,536

2 · Savings and temporary cash investments

beginning of year $100,108 · end of year $331,087

3 · Pledges and grants receivable

beginning of year $62,330 · end of year $26,080

8 · Inventories for sale or use

beginning of year $209,399 · end of year $225,897

9 · Prepaid expenses and deferred charges

beginning of year $34,478 · end of year $19,764

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

$52,161

10b · Land, buildings and equipment: accumulated depreciation

$42,808

10c · Land, buildings and equipment, net

beginning of year $11,849 · end of year $9,353

11 · Investments: publicly traded securities

beginning of year $1,274,337 · end of year $1,322,931

17 · Accounts payable and accrued expenses

beginning of year $903 · end of year $7,066

18 · Grants payable

beginning of year $60,000 · end of year $38,000

19 · Deferred revenue

end of year $67,036

27 · Net assets without donor restrictions

beginning of year $1,750,640 · end of year $2,055,546

28 · Net assets with donor restrictions

beginning of year $250,123 · end of year $25,000