Air Race Classic Inc.

990EZ • Fiscal year 2013 • EIN 03-0443003

Oct 01, 2012 to Sep 30, 2013 • Filed on May 07, 2014

Organization Profile N/A

5848 NE 150th AvenueFort Collins, CO 67025

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

8.0%

Higher net margin than 61% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

6.5%

Faster asset growth than 58% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-4.3%

Faster revenue growth than 40% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets53rd percentile

Assets

$105,403

Up $6,448 (+6.5%) from 2012

Net Assets

$105,403

Up $6,948 (+7.1%) from 2012

Liabilities

Down

Down $500 (-100%) from 2012

Revenue And Expenses

Liabilities / Revenue55th percentile Net Margin61st percentile

Revenue

Down

$80,684

Down $3,615 (-4.3%) from 2012

Expenses

$74,236

Up $7,583 (+11%) from 2012

Net Income

Down

$6,448

Down $11,198 (-63%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth58th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2013

Assets$105,403

Liabilities$0

Net Assets$105,403

Open 2013 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2013

Revenue$80,684

Expenses$74,236

Net Income$6,448

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Oct 1, 2012 to Sep 30, 2013
Signed: May 7, 2014
Return Version: 2012v2.1

Mission and Program Overview

Mission

To develop and advance aviation education

Filing and Contact Details

Filer

EIN: 03-0443003

Raw XML Appendix184 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/AmountOfTaxReimbursedByOrg	0	0
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IRS990EZ/ContributionsGiftsGrantsEtc	0	17814
IRS990EZ/CostOfGoodsSold	0	2481
IRS990EZ/DirectIndirectPoliticalExpend	0	0
IRS990EZ/DoesOrgHaveHospital	0	0
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IRS990EZ/NetAssetsOrFundBalancesBOY	0	98955
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IRS990EZ/NetAssetsOrFundBalancesEOY	0	105403
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	MAROLYN WILSON
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	KERI WRIGHT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	TERRY CARBONELL
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	TRISH MINARD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	VICE-PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	SECRETARY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	TREASURER
IRS990EZ/OperatingSchool	0	0
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	0
IRS990EZ/OrganizationHadUBI	0	0
IRS990EZ/OtherAssetsTotal/BOY	0	2440
IRS990EZ/OtherAssetsTotal/EOY	0	1235
IRS990EZ/OtherChangesInNetAssets	0	0
IRS990EZ/OtherExpensesTotal	0	60747
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	TO DEVELOP AND ADVANCE AVIATION EDUCATION.
IRS990EZ/PrintingPublicationsPostage	0	12312
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN, INVOLVING NUMEROUS NORTH AMERICAN AIRPORTS.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations	0	0
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	48111
IRS990EZ/ProgramServiceRevenue	0	54116
IRS990EZ/ProhibitedTaxShelterTrans	0	0
IRS990EZ/RelatedOrgControlledEntity	0	0
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/SpecialEventsNetIncomeLoss	0	7105
IRS990EZ/SubjectToProxyTax	0	0
IRS990EZ/SumOfTotalLiabilities/BOY	0	0
IRS990EZ/SumOfTotalLiabilities/EOY	0	0
IRS990EZ/TanningServicesProvided	0	0
IRS990EZ/TaxImposedUnderIRC4911	0	0
IRS990EZ/TaxImposedUnderIRC4912	0	0
IRS990EZ/TaxImposedUnderIRC4955	0	0
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	5848 NE 150TH AVENUE
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	CHENEY
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	KS
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	67025
IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1	0	TRISH MINARD
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	3168385741
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IRS990EZ/TotalAssets/EOY	0	105403
IRS990EZ/TotalExpenses	0	74236
IRS990EZ/TotalProgramServiceExpenses	0	48111
IRS990EZ/TotalRevenue	0	80684
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	0
IRS990EZ/WebSite	0	WWW.AIRRACECLASSIC.ORG
IRS990ScheduleA/AmtsFromSubstContributors/Total	0	0
IRS990ScheduleA/AmtsRecdFromDisqualPersons/Total	0	0
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYear	0	17814
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus1Year	0	6485
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus2Years	0	13665
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus3Years	0	23735
IRS990ScheduleA/GiftsGrantsContribReceived509/CurrentTaxYearMinus4Years	0	4457
IRS990ScheduleA/GiftsGrantsContribReceived509/Total	0	66156
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYear	0	404
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus1Year	0	352
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus2Years	0	509
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus3Years	0	569
IRS990ScheduleA/GrossInvestmentIncome509/CurrentTaxYearMinus4Years	0	740
IRS990ScheduleA/GrossInvestmentIncome509/Total	0	2574
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYear	0	57842
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus1Year	0	73997
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus2Years	0	71610
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus3Years	0	51393
IRS990ScheduleA/GrossReceiptsFromAdmissions/CurrentTaxYearMinus4Years	0	30250
IRS990ScheduleA/GrossReceiptsFromAdmissions/Total	0	285092
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYear	0	404
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IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus3Years	0	569
IRS990ScheduleA/InvestmentIncomeAndUBTI/CurrentTaxYearMinus4Years	0	740
IRS990ScheduleA/InvestmentIncomeAndUBTI/Total	0	2574
IRS990ScheduleA/InvestmentIncomePercentage	0	0.00730
IRS990ScheduleA/PriorYearSupportPercentage	0	0.98890
IRS990ScheduleA/PriorYrInvestIncomePercentage	0	0.01110
IRS990ScheduleA/PubliclySupportedOrg509a2	0	X
IRS990ScheduleA/PublicSupportPercentage509	0	0.99270
IRS990ScheduleA/PublicSupportTotal509	0	351248
IRS990ScheduleA/SupportFromDQPsEtc/Total	0	0
IRS990ScheduleA/ThirtyThreePercntTestsCY509	0	X
IRS990ScheduleA/Total509/CurrentTaxYear	0	75656
IRS990ScheduleA/Total509/CurrentTaxYearMinus1Year	0	80482
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IRS990ScheduleA/Total509/CurrentTaxYearMinus3Years	0	75128
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IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus1Year	0	80834
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IRS990ScheduleA/TotalSupportTotal/CurrentTaxYearMinus4Years	0	35447
IRS990ScheduleA/TotalSupportTotal/Total	0	353822
IRS990ScheduleO/GeneralExplanation/Explanation	0	INTEREST INCOME 404..
IRS990ScheduleO/GeneralExplanation/Explanation	1	INCOME: GROSS RECEIPTS: 3,726. RETURNS AND ALLOWANCES: 0. LESS COST OF GOODS SOLD: 2,481. GROSS PROFIT: 1,245. COST OF GOODS SOLD: INVENTORY AT BEGINNING OF YEAR: 0. MERCHANDISE PURCHASED: 2,481. COST OF LABOR: 0. MATERIALS AND SUPPLIES: 0. OTHER COSTS: 0. INVENTORY AT END OF YEAR: 0. COST OF GOODS SOLD: 2,481.
IRS990ScheduleO/GeneralExplanation/Explanation	2	DESCRIPTION: ADVERTISING. AMOUNT: 9,289. DESCRIPTION: AWARDS. AMOUNT: 21,037. DESCRIPTION: BANK CHARGES. AMOUNT: 612. DESCRIPTION: DONATIONS TO 501(C)3 ORGANIZATIONS. AMOUNT: 1,350. DESCRIPTION: INSURANCE. AMOUNT: 2,823. DESCRIPTION: MISCELLANEOUS. AMOUNT: 1,339. DESCRIPTION: RACE EXPENSES & SUPPLIES. AMOUNT: 22,368. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 1,686. DESCRIPTION: AUTOMOBILE EXPENSE. AMOUNT: 243. TOTAL TO FORM 990-EZ, LINE 16: 60,747.
IRS990ScheduleO/GeneralExplanation/Explanation	3	DESCRIPTION: INVENTORY FOR SALE OR USE. BEG. OF YEAR AMOUNT: 2,440. END OF YEAR AMOUNT: 1,235.
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER INVESTMENT INCOME
IRS990ScheduleO/GeneralExplanation/Identifier	1	INCOME FROM SALES OF INVENTORY
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	3	OTHER ASSETS
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IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART I, LINE 7
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IRS990ScheduleO/GeneralExplanation/ReturnReference	3	FORM 990-EZ, PART II, LINE 24
TransferPrsnlBnftContractsDecl/Declaration	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	030443003
ReturnHeader/Filer/Name/BusinessNameLine1	0	AIR RACE CLASSIC INC CO TRISH MINARD
ReturnHeader/Filer/NameControl	0	AIRR
ReturnHeader/Filer/Phone	0	3168385741
ReturnHeader/Filer/USAddress/AddressLine1	0	5848 NE 150TH AVENUE
ReturnHeader/Filer/USAddress/City	0	CHENEY
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ReturnHeader/Officer/AuthorizeThirdParty	0	1
ReturnHeader/Officer/DateSigned	0	2014-05-07
ReturnHeader/Officer/Name	0	TRISH MENARD
ReturnHeader/Officer/Phone	0	3168385741
ReturnHeader/Officer/Title	0	TREASURER
ReturnHeader/PreparerFirm/EIN	0	742933856
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	DAVIDSON FREEDLE ESPENHOVER & OVERBY PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	222 SIDNEY BAKER SOUTH SUITE 635
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	KERRVILLE
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	TX
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	78028
ReturnHeader/Preparer/Name	0	AMANDA L LANGBEIN
ReturnHeader/Preparer/Phone	0	8308961100
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-10-01
ReturnHeader/TaxPeriodEndDate	0	2013-09-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2014-05-15T16:36:45-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $105,403
Liabilities: $0
Net assets: $105,403
Revenue: $80,684
Expenses: $74,236
Net income: $6,448

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$3.06	$0.08	$2.98	$1.15	$1.00	$0.14
2024Detailed filing. Detailed filing data is available for this year.	$2.91	$0.07	$2.83	$1.51	$1.31	$0.20
2023Detailed filing. Detailed filing data is available for this year.	$2.71	$0.08	$2.64	$1.31	$1.25	$0.07
2022Detailed filing. Detailed filing data is available for this year.	$2.66	$0.09	$2.57	$1.22	$1.00	$0.22
2021Detailed filing. Detailed filing data is available for this year.	$2.46	$0.11	$2.35	$0.56	$0.31	$0.25
2020Detailed filing. Detailed filing data is available for this year.	$2.23	$0.13	$2.10	$0.31	$0.51	$0.19
2019Detailed filing. Detailed filing data is available for this year.	$2.31	$0.02	$2.29	$1.02	$1.15	$0.12
2018Detailed filing. Detailed filing data is available for this year.	$2.44	$0.03	$2.42	$1.14	$0.78	$0.37
2017Summary only. Only limited summary data is available for this year.	$2.08	$0.03		$1.31	$1.21	$0.10
2016Detailed filing. Detailed filing data is available for this year.	$1.99	$0.04	$1.95	$1.66	$1.44	$0.22
2015Summary only. Only limited summary data is available for this year.	$1.78	$0.05		$1.14	$0.77	$0.37
2014Summary only. Only limited summary data is available for this year.	$1.38	$0.02		$0.95	$0.64	$0.30
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.05	$0.00	$1.05	$0.81	$0.74	$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.99	$0.01	$0.98	$0.84	$0.67	$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.81	$0.01	$0.81	$0.90	$0.74	$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.66	$0.01	$0.65	$0.81	$0.60	$0.21