Racing Industry Charitable Foundation Inc

Organization Overview

Racing Industry Charitable Foundation Inc is located in Cicero, IL. The organization was established in 1983. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Racing Industry Charitable Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing Industry Charitable Foundation 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 12/2021, Racing Industry Charitable Foundation Inc generated $771.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $740.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE MEDICAL, DENTAL, MENTAL AND SOCIAL SERVICES TO HORSE CARE WORKERS AT ILLINOIS RACE TRACKS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE MEDICAL, DENTAL, MENTAL AND SOCIAL SERVICES TO HORSE CARE WORKERS AT ILLINOIS RACE TRACKS


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Board, Officers & Key Employees

Name (title)Compensation
Paul Coronado
Executive Director
$76,087
Jim Miller
Treasurer
$0
Ken Kiehn
President
$0
Brian Zander
Secretary
$0
Tim Carey
Vice President
$0
Tony Petrillo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $750,000
All other contributions, gifts, grants, and similar amounts not included above$17,480
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$767,480
Total Program Service Revenue$3,734
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $0
Miscellaneous Revenue$0
Total Revenue $771,214

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Racing Industry Charitable Foundation Inc has recieved totaling $14,000.

Awarding OrganizationAmount
$14,000
View Grant Recipient Profile

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