Lovelands Amazing Race Inc is located in Loveland, OH. The organization was established in 2008. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lovelands Amazing 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 12/2020, Lovelands Amazing Race Inc generated $3.5k 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 (43.2%) each year. All expenses for the organization totaled $11.9k during the year ending 12/2020. 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
2020
Describe the Organization's Program Activity:
Part 3
LOVELAND STAGE COMPANY.PROMOTION AND GROWTH OF THE ARTS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Portmann President | 5 | $0 | |
Tom Grome Executive VP | 5 | $0 | |
Dustan Bray Vice President | 5 | $0 | |
Marjorie Blair Board Member | 5 | $0 | |
Terrie Puckett Executive Dir. | 5 | $0 | |
Jenny Lytle Board Member | 5 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,464 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $3,464 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,125 |
| Total expenses | $11,875 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $42,559 |
| Other assets | $0 |
| Total assets | $42,599 |
| Total liabilities | $0 |
| Net assets or fund balances | $42,599 |
Over the last fiscal year, Lovelands Amazing Race Inc has awarded $32,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
LOVELAND ATHLETIC BOOSTERS INC PURPOSE: ASSISTANCE | $10,000 |
BOY SCOUTS OF AMERICA COUNCIL PURPOSE: ASSISTANCE | $7,500 |
IN RETURN PURPOSE: ASSISTANCE | $7,500 |
KAREN CARNS FOUNDATION PURPOSE: ASSISTANCE | $7,500 |