Auto Racers For Kids Charities Inc is located in Erie, PA. The organization was established in 2008. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Auto Racers For Kids Charities 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 12/2019, Auto Racers For Kids Charities Inc generated $48.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $47.2k during the year ending 12/2019. While expenses have increased by 10.7% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2019
Describe the Organization's Program Activity:
Part 3
CASH CONTRIBUTIONS MADE TO CHARITIES THAT BENEFIT CHILDREN
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jilll Blair President | 1 | $0 | |
Scott Bonnell Vice Preside | 1 | $0 | |
Nikki Layton Secretary | 1 | $0 | |
Jill Blair Treasurer | 1 | $0 | |
Kathy Rohrer Board Member | 1 | $0 | |
Jeff Plyler Board Member | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,057 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,896 |
| Other Revenue | $0 |
| Total Revenue | $47,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $695 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $134 |
| Other expenses | $1,308 |
| Total expenses | $47,237 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $6,739 |
| Other assets | $0 |
| Total assets | $6,739 |
| Total liabilities | $0 |
| Net assets or fund balances | $6,739 |