Race For Education Inc in Lexington, Kentucky (KY)
Table of contents:
| Race For Education Inc | |
| Employer Identification Number (EIN) | 421546327 |
| Name of Organization | Race For Education Inc |
| In Care of Name | National City Bank |
| Address | 1818 Versailles Rd, Lexington, KY 40504-1402 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 10/2002 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $1,354,076 |
| Amount of Income | $771,972 |
| Form 990 Revenue Amount | $567,787 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Scholarships, Student Financial Aid Services, Awards |
Non-representatives - add comments:
Amount of income in 2013: $771,972 (it was $760,757 in 2012)
| This organization: | $771,972 |
| Other organizations performing similar types of work: | $41,680 |
Assets in 2013: $1,354,076 (it was $1,591,072 in 2012)
| This organization: | $1,354,076 |
| Other organizations performing similar types of work: | $65,579 |
Expenses in 2012: $707,363
| This organization: | $707,363 |
| Other organizations performing similar types of work: | $24,470 |
Income to expenses ratio in 2012: 1.1
| Race For Education Inc: | 1.1 |
| Other organizations performing similar types of work: | 0.5 |
Grants share in income in 2012: 90.3%
| This organization: | 90.3% |
| Other organizations performing similar types of work: | 9.0% |
Revenue for 2012
Functional expenses for 2012
Support schedule
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $569,951 |
| Contributions, Gifts, Grants and Other Similar Amounts | $514,720 |
| Program Service Revenue | $0 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $30,105 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net loss from sales of assets other than inventory | $-504 |
| Gross amount from sales of assets other than inventory (Securities / Other) | $139,723 / $0 |
| Less: cost or other basis and sales expenses (Securities / Other) | $140,227 / $0 |
| Gain or (loss) (Securities / Other) | $-504 / $0 |
| Net income from fundraising events | $19,087 |
| Gross income from fundraising events | $69,666 |
| Less: direct expenses | $50,579 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $6,543 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $707,363 |
| Compensation of current officers, directors, trustees, and key employees | $77,654 |
| Other salaries and wages | $78,795 |
| Payroll taxes | $15,386 |
| Professional fundraising services | $0 |
| Other | $535,528 |
| Balance Sheet (for 2012) | |
| Total assets | $1,591,072 |
| Total liabilities | $339,853 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $339,853 |
| Total net assets or fund balances | $1,251,219 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $3,534,926 |
| Gifts, grants, contributions, and membership fees received | $3,204,019 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $183,611 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $140,875 |
| Other | $6,421 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Us-Central Asia Education Foundation | 124 U St Nw, Washington, DC 20001-1606 | DC | 2007-10 | $4,838,252 |
| 2 | Subsea Tieback Scholarship Fund | 5418 Woodbury St, Fulshear, TX 77441-4139 | TX | 2007-10 | $101,112 |
| 3 | Tom Mcmahon Construction Scholarship Fund | 4441 S Abilene Cir, Aurora, CO 80015-1047 | CO | 2006-11 | $18,033 |
| 4 | United Charity | 6301 Glen Hill Rd, Louisville, KY 40222-6026 | KY | 2011-01 | $3,834,921 |
| 5 | Robert And Mary Tincher Charitable Foundation Inc | 1814 Ashwood Ct, Bowling Green, KY 42103-0919 | KY | 2013-04 | $3,459,141 |
| 6 | Trilogy Scholarship Foundation Inc | 303 N Hurstbourne Pkwy Ste 200, Louisville, KY 40222-5158 | KY | 2009-05 | $898,082 |
| 7 | School Choice Scholarships Inc | 10002 Shelbyville Rd Ste 102, Louisville, KY 40223-2979 | KY | 1998-08 | $783,688 |
| 8 | Cory Foundation Inc | 4020 Sweeney Ln, Louisville, KY 40299-4402 | KY | 2014-07 | $671,431 |
| 9 | Hopkinsville Rotary Charitable Trust Inc | P O Box 199, Hopkinsville, KY 42241 | KY | 2012-05 | $485,710 |
| 10 | Kentucky Health Care Foundation Inc | 9403 Mill Brook Road, Louisville, KY 40223 | KY | 1998-12 | $235,469 |
| 11 | Girls On The Run Lexington Corp | PO BOX 23328, Lexington, KY 40523 | KY | 2009-01 | $193,418 |
| 12 | Jackson Independent School Foundation Inc | 726 Hwy 15 North, Jackson, KY 41339 | KY | 2006-01 | $192,425 |
| 13 | Remke Charitable Foundation Inc | 1299 Cox Ave, Erlanger, KY 41018-1003 | KY | 2009-09 | $180,049 |
| 14 | Screaming Eagle Foundation | 32 Screaming Eagle Blvd, Fort Campbell, KY 42223-5335 | KY | 2012-06 | $167,993 |
| 15 | Wymt-Tv Mountain Basketball Classic | PO BOX 1299, Hazard, KY 41702-1299 | KY | 2000-01 | $147,455 |
| 16 | United States Achievement Academy Scholarship Foundation Inc | 2528 Palumbo Dr, Lexington, KY 40509-1203 | KY | 2004-02 | $147,449 |
| 17 | James And Joe Lamkin Scholarship Fund, James T Lamkin Ttee | 4259 Us Highway 51 N, Clinton, KY 42031-8625 | KY | 2013-02 | $133,634 |
| 18 | Taylor County Fair Association Inc | PO BOX 269, Campbellsvlle, KY 42719-0269 | KY | 2012-11 | $117,768 |
| 19 | Society For Foodservice Management Foundation | 328 E Main St, Louisville, KY 40202-1216 | KY | 2007-02 | $101,369 |
| 20 | Oldham County Community Scholarships Inc | 3109 School House Rd, Goshen, KY 40026-7720 | KY | 2014-08 | $90,639 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 23,481 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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