Boilermaker Road Race Inc
- Assets
- $3.3m
- Revenue
- $333.9k
- Investments
- $368.7k
- Employees
- 8
- Location
- Utica, NY
- Founding
- 06/1998
- Data as of
- 09/2021
- 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 09/2021, 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 09/2021, Boilermaker Road Race Inc generated $333.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (21.7%) each year. All expenses for the organization totaled $581.0k during the year ending 09/2021. 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
2021
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 |
|---|---|---|---|
Mark Donovan President | Officer | 40 | $110,250 |
Fred Matt Chairman | OfficerTrustee | 2 | $0 |
Bradley Kowalczyk ESQ Secretary/treasurer | OfficerTrustee | 1 | $0 |
Ronald Passafaro Member | Trustee | 1 | $0 |
Randall Vanwagoner Member | Trustee | 1 | $0 |
Larry Gilroy Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $219,819 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,057 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $234,876 |
| Total Program Service Revenue | $70,687 |
| Investment income | $24,557 |
| 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 | -$3,848 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $333,916 |
| 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. | $110,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $194,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,356 |
| Payroll taxes | $25,612 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,170 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,395 |
| Office expenses | $13,847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,718 |
| Travel | $652 |
| 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 | $51,580 |
| Insurance | $16,088 |
| All other expenses | $7,253 |
| Total functional expenses | $581,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,010 |
| Savings and temporary cash investments | $1,735,137 |
| Pledges and grants receivable | $151,189 |
| Accounts receivable, net | $28,093 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $37,331 |
| Prepaid expenses and deferred charges | $59,817 |
| Net Land, buildings, and equipment | $815,860 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $368,726 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,269,163 |
| Accounts payable and accrued expenses | $19,234 |
| Grants payable | $0 |
| Deferred revenue | $639,742 |
| 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 | $55,947 |
| Total liabilities | $714,923 |
| Net assets without donor restrictions | $2,529,102 |
| Net assets with donor restrictions | $25,138 |
| 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 | $3,269,163 |
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 |
Utica, NY PURPOSE: TO ASSIST WITH DEVELOPMENT OF MOBILE APPTO ASSIS WITH DEVELOPMENT OF MOBILE APP | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Boilermaker Road Race Inc has recieved totaling $21,000.
| Awarding Organization | Amount |
|---|---|
Utica National Foundation Inc Utica, NY PURPOSE: 5K SPONSORSHIP | $15,000 |
Bank Of Utica Foundation Inc Utica, NY PURPOSE: GENERAL | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National September 11 Memorial And Museum At The World Trade Center New York, NY | $601,946,963 | $89,488,435 |
Welcome America Inc Philadelphia, PA | $233,400 | $2,511,087 |
Scoa Inc Southampton, NY | $1,446,191 | $1,687,699 |
Boilermaker Road Race Inc Utica, NY | $3,269,163 | $333,916 |
Greater Hartford Festival Of Jazz Hartford, CT | $9,562 | $523,528 |
Festivals In Meriden Meriden, CT | $62,425 | $440,338 |
Ground Zero 360 Inc New York, NY | $949,074 | $512,424 |
Veterans Monument Foundation Of Whitemarsh Lafayette Hill, PA | $27,304 | $0 |
Boston 4 Celebrations Foundation Inc Boston, MA | $3,479,513 | $3,413,713 |
Southampton Days Committee Inc Southampton, PA | $81,366 | $244,344 |
Fort Ligonier Days Inc Ligonier, PA | $419,447 | $287,907 |
The Cooperage Project Honesdale, PA | $232,529 | $284,596 |