Drag Racing Association Of Women
- Assets
- $1.9m
- Revenue
- $370.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Danvers, IL
- Founding
- 08/1993
- Data as of
- 12/2021
- EIN
- 95-3950424
Organization Overview
Drag Racing Association Of Women is located in Danvers, IL. The organization was established in 1993. According to its NTEE Classification (N03) the organization is classified as: Professional Societies & Associations, 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. Drag Racing Association Of Women 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, Drag Racing Association Of Women generated $370.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $302.5k during the year ending 12/2021. 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
FINANCIAL AND EMOTIONAL SUPPORT FOR DRAG RACERS, CREW MEMBERS AND THEIR FAMILIES FOR DEATH OR INJURIES SUFFERED WHILE PARTICIPATING IN THE SPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL AND EMOTIONAL SUPPORT FOR DRAG RACERS, CREW MEMBERS AND THEIR FAMILIES FOR DEATH OR INJURIES SUFFERED WHILE PARTICIPATING IN THE SPORT. ASSISTED 22 FAMILIES IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aswege Vicki Treasurer | OfficerTrustee | 1 | $0 |
Hardesty Chris President | OfficerTrustee | 1 | $0 |
Hyatt Beth Vice President | OfficerTrustee | 1 | $0 |
Yost Ashley Recording Secretary | OfficerTrustee | 1 | $0 |
Alberti Sandra Board Member | Trustee | 1 | $0 |
Mc Lemore-Bishop Sarah Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $4,740 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,882 |
| Total Program Service Revenue | $0 |
| Investment income | $41,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,569 |
| Net Income from Fundraising Events | $130,882 |
| Net Income from Gaming Activities | $3,962 |
| Net Income from Sales of Inventory | $32,991 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $123,212 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,332 |
| Fees for services: Accounting | $15,708 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $46,816 |
| Fees for services: Investment Management | $31,588 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,909 |
| Office expenses | $4,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,380 |
| Travel | $41,389 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $302,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $251,282 |
| 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 | $8,511 |
| Prepaid expenses and deferred charges | $25,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,651,313 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,936,106 |
| Accounts payable and accrued expenses | $5,632 |
| 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 | $5,632 |
| Net assets without donor restrictions | $1,930,474 |
| 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 | $1,936,106 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Drag Racing Association Of Women has recieved totaling $6,417.
| Awarding Organization | Amount |
|---|---|
The New Horizons Foundation Inc Colorado Springs, CO PURPOSE: PROGRAM SUPPORT | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $306 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Marine Manufacturers Association Inc Chicago, IL | $24,852,893 | $19,298,889 |
National Thoroughbred Racing Lexington, KY | $16,910,608 | $10,577,962 |
American Camping Association Inc Martinsville, IN | $11,963,370 | $10,286,086 |
International Coach Federation Inc Lexington, KY | $18,635,968 | $11,387,975 |
Crandon International Off-Road Raceway Association Inc Crandon, WI | $1,048,368 | $3,340,258 |
National Association Of Sports Officials Inc Racine, WI | $1,356,401 | $2,334,833 |
American Volleyball Coaches Assn Lexington, KY | $2,919,842 | $2,493,075 |
American Camping Association Illinois Section Evanston, IL | $1,134,307 | $1,483,779 |
Indiana Section Of The Professional Golfers Association Of America Inc Indianapolis, IN | $1,336,237 | $1,065,938 |
Professional Golfers Association Of America Iowa Section Riverside, IA | $1,857,898 | $1,108,691 |
Clinton County Gaming Association Ltd Clinton, IA | $2,643,623 | $1,588,934 |
Gateway Section Of Professional Golfers Association Of America Chesterfield, MO | $1,114,758 | $931,647 |