The Race Inc in Beachwood, Ohio (OH)
Table of contents:
| The Race Inc | |
| Employer Identification Number (EIN) | 208693674 |
| Name of Organization | The Race Inc |
| In Care of Name | Jonathan Berns |
| Address | 3733 Park East Dr Ste 210, Beachwood, OH 44122-4334 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2008 |
| 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 | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $49,565 |
| Amount of Income | $49,450 |
| Form 990 Revenue Amount | $49,450 |
| National Taxonomy of Exempt Entities (NTEE) | Diseases, Disorders, Medical Disciplines: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2013: $49,450 (it was $24,553 in 2012)
| The Race Inc: | $49,450 |
| Other organizations performing similar types of work: | $63,282 |
Assets in 2013: $49,565 (it was $115 in 2012)
| The Race Inc: | $49,565 |
| Other organizations performing similar types of work: | $31,552 |
Expenses in 2013: $0
| The Race Inc: | $0 |
| Other organizations performing similar types of work: | $40,991 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 100.0% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $23,279 | $24,553 | $49,450 |
| Contributions, gifts, grants, and similar amounts received | $23,279 | $24,553 | $49,450 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $0 | $155,966 | $0 |
| Total net assets | $131,413 | $0 | $49,450 |
| Excess/Deficit for the year | $23,279 | $-131,413 | $49,450 |
| Net assets or fund balances at beginning of year | $108,134 | $131,413 | $0 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $0 | $49,450 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $131,413 | $115 | $49,565 |
| Total liabilities | $0 | $115 | $115 |
| Net assets or fund balances | $131,413 | $0 | $49,450 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $330,018 |
| Subtotal Support | $330,018 |
| Gifts, grants, contributions, and membership fees received | $330,018 |
| 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 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $330,018 |
| Public Support | $330,018 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Overseas Save Chinese Children Foundation | 3446 Pelham Rd, Toledo, OH 43606 | OH | 2008-12 | $183,220 |
| 2 | World Light Foundation | PO BOX 121, Lebanon, OH 45036-0121 | OH | 2007-10 | $72,195 |
| 3 | The Race Inc | 3733 Park East Dr Ste 210, Beachwood, OH 44122-4334 | OH | 2008-04 | $49,450 |
| 4 | Barrett Cancer Foundation Inc | 3645 Kroger Ave, Cincinnati, OH 45226-1934 | OH | 2013-01 | $41,140 |
| 5 | Friends Of Dba | 14666 Regency Dr, Strongsville, OH 44149-4921 | OH | 2013-01 | $24,156 |
| 6 | Shelbi Martin Benevolent Fund | 4001 Cinwood St Nw, Massillon, OH 44646-5114 | OH | 2010-11 | $12,726 |
| 7 | Beth Ann Vanek This Means War Against Breast Cancer Inc | P O Box 223, Southington, OH 44470 | OH | 2012-10 | $8,469 |
| 8 | Biltmore Foundation Inc | 30050 Chagrin Blvd, Pepper Pike, OH 44124-5716 | OH | 2009-08 | $1,000 |
| 9 | Samantha Blake And Michael Degennaro Family Foundation Inc | Po Box 521, Mentor, OH 44061 | OH | 2002-10 | $45 |
| 10 | Gala Of Hope Foundation | 3500 Pentagon Blvd Ste 500, Beavercreek, OH 45431-2375 | OH | 2014-03 | $1 |
| 11 | Athletes Joined Against Spondylitis | 2836 Westbrook Dr, Cincinnati, OH 45211 | OH | 2008-01 | $0 |
| 12 | Bands For Love Inc | 3930 Pine Meadow Rd, New Albany, OH 43054-9512 | OH | 2015-04 | $0 |
| 13 | Baskets Of Care | 6842 Carrie Pine Lane, Toledo, OH 43617 | OH | 2010-10 | $0 |
| 14 | Britt Balser Foundation For Ttp | 1829 Birchfield Ct, Powell, OH 43065-9245 | OH | 2005-12 | $0 |
| 15 | Cancer Concern Coalition | PO BOX 912, Zanesville, OH 43701 | OH | 2014-11 | $0 |
| 16 | Carole And Robin Reid Foundation | PO BOX 13044, Fairlawn, OH 44334-8444 | OH | 2012-09 | $0 |
| 17 | Delaware Co Diabetic Assc | Po Box 81, Delaware, OH 43015-0081 | OH | 2005-11 | $0 |
| 18 | Eyejax Foundation | PO BOX 1313, Bowling Green, OH 43402-8113 | OH | 2001-03 | $0 |
| 19 | Faith Thomas Foundation | PO BOX 30028, Gahanna, OH 43230 | OH | 2014-12 | $0 |
| 20 | Fight Like A Dozer | 4273 Hunters Bend, Powell, OH 43065 | OH | 2014-03 | $0 |
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| Total | 1,359 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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