Avout Racing Inc
- Assets
- $159.4k
- Revenue
- $222.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Greenwood Village, CO
- Founding
- Data as of
- 12/2021
- EIN
- 46-4016716
Organization Overview
Avout Racing Inc is located in Greenwood Village, CO. According to its NTEE Classification (N70) the organization is classified as: Amateur Sports Competitions, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Avout Racing 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, Avout Racing Inc generated $222.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $127.8k during the year ending 12/2021. While expenses have increased by 26.6% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF CYCLING FOR INTERESTED INDIVIDUALS THROUGH A RACING TEAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CYCLE RACING TEAM
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Mullins Executive Dir. | Trustee | 20 | $0 |
Becca Blay Director | Trustee | 2 | $0 |
Barry Wiebe Chairman | Trustee | 10 | $0 |
Scott Musgrave Director | Trustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $58,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,975 |
| Total Program Service Revenue | $163,249 |
| 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 | $222,224 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208 |
| Advertising and promotion | $846 |
| Office expenses | $935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $2,484 |
| All other expenses | $0 |
| Total functional expenses | $127,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,368 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $159,368 |
| Accounts payable and accrued expenses | $2,482 |
| 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 | $0 |
| Total liabilities | $2,482 |
| Net assets without donor restrictions | $156,886 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $159,368 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Avout Racing Inc has recieved totaling $8,500.
| Awarding Organization | Amount |
|---|---|
Team Evergreen Cycling Evergreen, CO PURPOSE: General Support | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mountain West Conference Colorado Springs, CO | $8,458,444 | $60,414,909 |
Arizona Sports Foundation Scottsdale, AZ | $81,400,423 | $14,775,397 |
Ute Conference Incorporated Salt Lake City, UT | $2,255,529 | $3,204,941 |
Federation Of International Lacrosse Colorado Springs, CO | $3,266,134 | $134,323 |
Usa Taekwondo Inc Colorado Springs, CO | $524,172 | $2,630,547 |
Utah Sports Commission Foundation Salt Lake City, UT | $18,438,050 | $3,736,716 |
Columbine-Lakewood Colorado Soccer Association Littleton, CO | $2,347,897 | $1,993,125 |
Arsenal Alliance Soccer Club South Jordan, UT | $2,138,683 | $1,979,351 |
United States Judo Inc Colorado Springs, CO | $1,217,965 | $1,945,568 |
Colorado Springs Sports Corporation Colorado Springs, CO | $3,652,409 | $2,084,620 |
Harmony Amateur Sports Foundation Encampment, WY | $11,031,379 | $10,357,162 |
Td4tucson Tucson, AZ | $1,275,054 | $1,690,367 |