Racing For Orphans With Down Syndrome Inc
- Assets
- $101.9k
- Revenue
- $230.3k
- Investments
- $0.0
- Employees
- 2
- Location
- North Logan, UT
- Founding
- 04/2013
- Data as of
- 12/2020
- EIN
- 46-1884981
Organization Overview
Racing For Orphans With Down Syndrome Inc is located in North Logan, UT. The organization was established in 2013. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2020, Racing For Orphans With Down Syndrome Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Racing For Orphans With Down Syndrome 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, Racing For Orphans With Down Syndrome Inc generated $230.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $301.7k during the year ending 12/2020. While expenses have increased by 10.2% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION'S MISSION IS TO PRIMARILY CARRY OUT ACTIVITIES DESIGNED TO CREAT AWARENESS FOR ORPHANED CHILDREN WHO HAVE DOWN SYNDROME, TO FIND PROSPECTIVE FAMILIES FOR CHILDREN WITH DOWN SYNDROME AND TO HELP OFFSET THE COST OF ADOPTION FOR SUCH CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPONSORSHIP OF NON-VEHICLE RACES (RUNS OF VARYING DISTANCES). PROFIT FROM FEES AND APPAREL SOLD WILL BE DONATED TO REECE'S RAINBOW DOWN SYNDROME ADOPTION GRANT FOUNDATION
MISCELLANOUS CHARITABLE ACTIVITIES
SPONSORSHIP OF NON-VEHICLE RACES (RUNS OF VARYING DISTANCES). PROFIT FROM FEES AND APPAREL SOLD WILL BE DONATED TO REECE'S RAINBOW DOWN SYNDROME ADOPTION GRANT FOUNDATION
MISCELLANOUS CHARITABLE ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Fulmer General Mana | OfficerTrustee | 40 | $83,077 |
Brady Murray Vice-Preside | Officer | 8 | $0 |
Robert Wight President | Officer | 8 | $0 |
Brandon Leahy Race Manager | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $230,326 |
| Total Program Service Revenue | $0 |
| 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 | $230,326 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $104,389 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,077 |
| Compensation of current officers, directors, key employees. | $12,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,280 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,183 |
| Payroll taxes | $9,279 |
| Fees for services: Management | $0 |
| 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 | $30,800 |
| Advertising and promotion | $14,766 |
| Office expenses | $0 |
| Information technology | $9,619 |
| Royalties | $0 |
| Occupancy | $9,663 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $723 |
| All other expenses | $955 |
| Total functional expenses | $301,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,864 |
| Savings and temporary cash investments | $71,057 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000 |
| Total assets | $101,921 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $59,410 |
| Total liabilities | $59,410 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $42,511 |
| Total liabilities and net assets/fund balances | $101,921 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Racing For Orphans With Down Syndrome Inc has recieved totaling $1,036,531.
| Awarding Organization | Amount |
|---|---|
Operation Underground Railroad Inc Anaheim, CA PURPOSE: ADOPTION EXPENSES | $1,000,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $35,531 |
Brave Heart Foundation Inc Fishers, IN PURPOSE: COMMUNITY ASSISTANCE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tca Building Corporation Colorado Springs, CO | $64,831,208 | $10,203,018 |
Dream City Foundation Phoenix, AZ | $432,364 | $2,564,648 |
St Lukes In The Desert Inc Tucson, AZ | $6,311,423 | $4,134,726 |
Wellik Foundation Phoenix, AZ | $28,861,974 | $1,346,532 |
Aht Foundation West Jordan, UT | $14,285,505 | $1,377,023 |
Sam And Peggy Grossman Family Foundation Phoenix, AZ | $20,000,591 | $356,124 |
Irish Cultural And Learning Foundation Phoenix, AZ | $3,024,967 | $459,242 |
Sun City West Foundation Sun City West, AZ | $2,668,818 | $423,304 |
Youth Housing Colorado Aurora, CO | $0 | $19,972 |
Laradon Real Estate Corporation Denver, CO | $17,782,459 | $550,000 |
Steps To Recovery Homes Cottonwood, AZ | $1,035,005 | $1,022,681 |
Aspire 3d Loveland, CO | $188,290 | $551,255 |