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Nonprofiteer
← THE COOPER RIVER BRIDGE RUN INC

Form 990 for tax year 2022

Filed by THE COOPER RIVER BRIDGE RUN INC.

Totals

Total revenue
$2,539,940
Total expenses
$2,226,842
Contributions and grants received
$785,149
Grants paid
$94,295
Program service revenue
$1,684,563
Investment income
$7,289
Other revenue
$62,939
Total assets, end of year
$2,398,070
Total liabilities, end of year
$364,700
Net assets or fund balances, end of year
$2,033,370
Program services expenses (Part IX)
$2,053,177
Management and general expenses
$131,077
Fundraising expenses
$42,588
Program service expenses (Part III)
$2,053,177

Program services were 92.2% 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)

    $190,437

  • 1f · All other contributions, gifts and grants

    $594,712

  • 2a · Program service revenue: REGISTRATION FEES

    total $1,557,151 · related or exempt $1,557,151

  • 2b · Program service revenue: EXPO FEES

    total $78,651 · related or exempt $78,651

  • 2c · Program service revenue: REVENUE SHARE

    total $39,501 · related or exempt $39,501

  • 2d · Program service revenue: BOAT SHUTTLE TICKETS

    total $9,260 · related or exempt $9,260

  • 3 · Investment income

    total $7,289 · excluded $7,289

  • 10a · Gross sales of inventory

    $131,718

  • 10b · Cost of goods sold

    $70,213

  • 10c · Net income from sales of inventory

    total $61,505 · related or exempt $61,505

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,434 · related or exempt $1,434

  • 11e · Other revenue, total

    $1,434

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $94,295 · program services $94,295

  • 5 · Compensation of officers, directors and key employees

    total $85,000 · program services $51,000 · management and general $25,500 · fundraising $8,500

  • 7 · Other salaries and wages

    total $209,637 · program services $140,514 · management and general $48,159 · fundraising $20,964

  • 8 · Pension plan contributions

    total $7,521 · program services $4,889 · management and general $1,880 · fundraising $752

  • 9 · Other employee benefits

    total $29,000 · program services $18,850 · management and general $7,250 · fundraising $2,900

  • 10 · Payroll taxes

    total $22,581 · program services $14,678 · management and general $5,645 · fundraising $2,258

  • 11c · Fees: accounting

    total $15,325 · management and general $15,325

  • 12 · Advertising and promotion

    total $195,029 · program services $195,029

  • 13 · Office expenses

    total $105,111 · program services $102,609 · management and general $1,765 · fundraising $737

  • 14 · Information technology

    total $15,133 · program services $13,014 · management and general $1,816 · fundraising $303

  • 16 · Occupancy

    total $38,602 · program services $26,042 · management and general $9,639 · fundraising $2,921

  • 17 · Travel

    total $1,726 · program services $1,294 · management and general $432

  • 19 · Conferences, conventions and meetings

    total $3,308 · program services $2,845 · management and general $397 · fundraising $66

  • 22 · Depreciation, depletion and amortization

    total $31,550 · program services $18,930 · management and general $9,465 · fundraising $3,155

  • 23 · Insurance

    total $15,415 · program services $11,579 · management and general $3,804 · fundraising $32

  • 24a · Other expenses: RUN ACTIVITIES

    total $1,082,822 · program services $1,082,822

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

    total $210,887 · program services $210,887

  • 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 $1,184,611 · end of year $1,154,905

  • 2 · Savings and temporary cash investments

    beginning of year $293,887 · end of year $598,914

  • 4 · Accounts receivable

    beginning of year $3,610 · end of year $39,000

  • 9 · Prepaid expenses and deferred charges

    end of year $12,500

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

    $903,126

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

    $310,375

  • 10c · Land, buildings and equipment, net

    beginning of year $624,301 · end of year $592,751

  • 17 · Accounts payable and accrued expenses

    beginning of year $166,147 · end of year $74,747

  • 19 · Deferred revenue

    beginning of year $219,990 · end of year $289,953

  • 27 · Net assets without donor restrictions

    beginning of year $1,720,272 · end of year $2,033,370

Mission and programs · 2022

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 2023 COOPER BRIDGE RUN TOOK PLACE ON APRIL 1, 2023. (SEE SCHEDULE O)

    Expenses $2,053,177 · Grants $94,295 · Revenue $1,684,563

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Wes Dudgeon

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Harvey

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Paul Wieters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Bennett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Deaton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Gergick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Heath

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Kathy L Lehman - Huskamp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Seekings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Irv Batten

    RACE DIRECTO

    Total calculated
    $87,550
    From this org
    $85,000
    From related orgs
    $0
    Other
    $2,550
    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
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202421099349300012

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