Boilermaker Road Race Inc
- Assets
- $3.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 8
- Location
- Utica, NY
- Founding
- 06/1998
- Data as of
- 09/2022
- EIN
- 16-1538584
Organization Overview
Boilermaker Road Race Inc is located in Utica, NY. The organization was established in 1998. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2022, Boilermaker Road Race Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boilermaker Road Race Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2022, Boilermaker Road Race Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 5.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE FOR THE ADVANCEMENT OF CHARITY AND EDUCATION AND FOR OTHER CHARITABLE PURPOSES, BY THE DISTRIBUTION OF ITS FUNDS FOR SUCH PURPOSES, AND PARTICULARLY TO PROMOTE, ENHANCE AND FURTHER LONG-DISTANCE RUNNING THROUGHOUT THE UNITED STATES, INCLUDING BUT NOT LIMITED TO, THE OPERATION OF ROAD RACES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BOILERMAKER ROAD RACE SPONSORS A 15K RUN, A 5K RUN, A YOUTH RUN, A HALLOWEEN KIDS RUN, A YOUTH OLYMPICS, A HEALTH AND FITNESS EXPO, A COMMUNITY OUTREACH PROGRAM AND CHARITABLE FUND RAISING.
THIS PROGRAM IS DESIGNED TO BRING INTO PLAY ADDITIONAL COMMUNITY FUNCTIONS THAT ARE A GOOD FIT FOR THE ORGANIZATION. PRESENTLY THIS INCLUDES THE YOUTH OLYMPICS PROGRAM, KIDS IN TRAINING PROGRAM AND AN URBAN COMMUNITY GARDEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Matt Chairman | OfficerTrustee | 2 | $0 |
Bradley Kowalczyk ESQ Secretary/treasurer | OfficerTrustee | 1 | $0 |
Larry Gilroy Member | Trustee | 1 | $0 |
Dr Bradley Sklar Member | Trustee | 1 | $0 |
Anita Moller Member | Trustee | 1 | $0 |
Randall Van Wagner Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $900,519 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $900,519 |
| Total Program Service Revenue | $1,135,993 |
| Investment income | $4,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,644 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $59,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,107,629 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $104,930 |
| Compensation of current officers, directors, key employees. | $10,493 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $227,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,894 |
| Payroll taxes | $28,324 |
| Fees for services: Management | $21,485 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $57,399 |
| Office expenses | $23,044 |
| Information technology | $49,671 |
| Royalties | $0 |
| Occupancy | $27,466 |
| Travel | $46,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,124 |
| Insurance | $24,918 |
| All other expenses | $441,400 |
| Total functional expenses | $1,640,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,332 |
| Savings and temporary cash investments | $1,749,426 |
| Pledges and grants receivable | $41,137 |
| Accounts receivable, net | $55,850 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,125 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $769,493 |
| Investments—publicly traded securities | $315,076 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,030,439 |
| Accounts payable and accrued expenses | $42,586 |
| Grants payable | $0 |
| Deferred revenue | $19,926 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $62,512 |
| Net assets without donor restrictions | $2,947,179 |
| Net assets with donor restrictions | $20,748 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,030,439 |
Grants Awarded
Over the last fiscal year, Boilermaker Road Race Inc has awarded $24,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF UTICA PURPOSE: TO HELP THE CITY OF UTICA TO PROVIDE NECESSARY SERVICES TO SUPPORT THE RACE. | $19,000 |
CNY CONSERVANCY PURPOSE: TO ASSIST WITH DEVELOPMENT OF MOBILE APPTO ASSIS WITH DEVELOPMENT OF MOBILE APP | $5,000 |