Civic Intelligence

Air Race Classic Inc.

990EZ • Fiscal year 2018 • EIN 03-0443003

Oct 01, 2017 to Sep 30, 2018 • Filed on Feb 08, 2019

29604 179th Place SEKent, WA 98042

(928) 482-6206

Siviq Scores

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

Liabilities / Assets

64th percentile

0.01x

Higher debt load relative to assets than 64% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

85th percentile

32%

Higher net margin than 85% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-13%

Faster revenue growth than 31% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$244,426

Up $36,248 (+17%) from 2017

Net Assets

$241,601

No earlier filing loaded for comparison.

Liabilities

Down

$2,825

Down $300 (-9.6%) from 2017

Revenue

Down

$114,209

Down $16,962 (-13%) from 2017

Expenses

Down

$77,661

Down $43,056 (-36%) from 2017

Net Income

Up

$36,548

Up $26,094 (+250%) from 2017

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $65,825Liabilities 2010: $500Net Assets 2010: $65,3252010Assets 2011: $81,309Liabilities 2011: $500Net Assets 2011: $80,8092011Assets 2012: $98,955Liabilities 2012: $500Net Assets 2012: $98,4552012Assets 2013: $105,403Liabilities 2013: $0Net Assets 2013: $105,4032013Assets 2014: $137,883Liabilities 2014: $2,2752014Assets 2015: $178,238Liabilities 2015: $5,4502015Assets 2016: $198,699Liabilities 2016: $4,100Net Assets 2016: $194,5992016Assets 2017: $208,178Liabilities 2017: $3,1252017Assets 2018: $244,426Liabilities 2018: $2,825Net Assets 2018: $241,6012018Assets 2019: $231,459Liabilities 2019: $2,225Net Assets 2019: $229,2342019Assets 2020: $223,051Liabilities 2020: $12,993Net Assets 2020: $210,0582020Assets 2021: $246,007Liabilities 2021: $11,093Net Assets 2021: $234,9142021Assets 2022: $265,993Liabilities 2022: $9,007Net Assets 2022: $256,9862022Assets 2023: $271,466Liabilities 2023: $7,958Net Assets 2023: $263,5082023Assets 2024: $290,877Liabilities 2024: $7,409Net Assets 2024: $283,4682024Assets 2025: $305,981Liabilities 2025: $8,234Net Assets 2025: $297,7472025

Highlighted filing

2018

Assets$244,426
Liabilities$2,825
Net Assets$241,601

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2010: $81,327Expenses 2010: $59,858Net Income 2010: $21,4692010Revenue 2011: $89,857Expenses 2011: $74,373Net Income 2011: $15,4842011Revenue 2012: $84,299Expenses 2012: $66,653Net Income 2012: $17,6462012Revenue 2013: $80,684Expenses 2013: $74,236Net Income 2013: $6,4482013Revenue 2014: $94,635Expenses 2014: $64,430Net Income 2014: $30,2052014Revenue 2015: $113,830Expenses 2015: $76,650Net Income 2015: $37,1802015Revenue 2016: $165,551Expenses 2016: $143,740Net Income 2016: $21,8112016Revenue 2017: $131,171Expenses 2017: $120,717Net Income 2017: $10,4542017Revenue 2018: $114,209Expenses 2018: $77,661Net Income 2018: $36,5482018Revenue 2019: $102,369Expenses 2019: $114,736Net Income 2019: -$12,3672019Revenue 2020: $31,440Expenses 2020: $50,616Net Income 2020: -$19,1762020Revenue 2021: $55,899Expenses 2021: $31,043Net Income 2021: $24,8562021Revenue 2022: $121,629Expenses 2022: $99,557Net Income 2022: $22,0722022Revenue 2023: $131,214Expenses 2023: $124,692Net Income 2023: $6,5222023Revenue 2024: $150,846Expenses 2024: $130,886Net Income 2024: $19,9602024Revenue 2025: $114,696Expenses 2025: $100,417Net Income 2025: $14,2792025

Highlighted filing

2018

Revenue$114,209
Expenses$77,661
Net Income$36,548
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Feb 8, 2019
Return Version
2017v2.2
Gross Receipts
$116,543
Mission and Program Overview

Mission

To develop and advance aviation education

Program Services

DescriptionGrantsExpenses
ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN, INVOLVING NUMEROUS NORTH AMERICAN AIRPORTS-$75,777
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LARA GAERTEPresident-$0--
JO ANNE ALCORNVice President-$0--
THERESA WHITESecretary-$0--
DONNA HARRISTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Air Race Classic Inc Co Theresa White
EIN
03-0443003
Phone
9284826206
Address
29604 179TH PLACE SE, KENT, WA 98042

Signing Officer

Name
Donna Harris
Title
Treasurer
Phone
9284826206
Signed
2019-02-08

Preparer

Firm
Edward D Roberts CPA Pc
Address
7144 E JENAN DRIVE, SCOTTSDALE, AZ 85254
Preparer
Edward D Roberts CPA
Phone
4809913190
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

INSURANCE 662.

Form 990EZ, Part I, Line 16

BANK CHARGES 2024.

Form 990EZ, Part I, Line 16

It & web site expense 29466.

Form 990EZ, Part I, Line 16

POSTAGE & DELIVERY 462.

Form 990EZ, Part I, Line 16

Miscellaneous expense 1134.

Form 990EZ, Part I, Line 16

RACE EXPENSES 11053.

Form 990EZ, Part I, Line 16

AWARDS 22045.

Form 990EZ, Part I, Line 16

ADVERTISING 678.

Form 990EZ, Part I, Line 16

RACE INSURANCE 1575.

Form 990EZ, Part I, Line 16

TRAVEL 2204.

Form 990EZ, Part II, Line 24

INVENTORY 2283. 2433.

Form 990EZ, Part II, Line 24

Rookie racer fund 6200. 6700.

Form 990EZ, Part II, Line 24

Investment 100000. 105453.

Form 990EZ, Part II, Line 24

FIXED ASSETS 3969. 3969.

Form 990EZ, Part II, Line 24

Scholarship fund 100. 100.

Form 990EZ, Part II, Line 26

Other current liabilities 3125. 2825.

Raw XML Appendix194 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/BooksInCareOfDetail/USAddress/CityNm0LAKE HAVASU CITY
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IRS990EZ/InfoInScheduleOPartIIInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LARA GAERTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JO ANNE ALCORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2THERESA WHITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DONNA HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0112552
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0118655
IRS990EZ/OtherExpensesTotalAmt071303
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO DEVELOP AND ADVANCE AVIATION EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt05598
IRS990EZ/ProgramServiceRevenueAmt097435
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN, INVOLVING NUMEROUS NORTH AMERICAN AIRPORTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt075777
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt03125
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt077661
IRS990EZ/TotalProgramServiceExpensesAmt075777
IRS990EZ/TotalRevenueAmt0114209
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt049591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt038933
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt070564
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034622
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IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt061438
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt095684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt079116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt059678
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0389722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05514
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0335
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05990
IRS990ScheduleA/InvestmentIncomeCYPct00.00960
IRS990ScheduleA/InvestmentIncomePYPct00.00150
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.99040
IRS990ScheduleA/PublicSupportPY509Pct00.99850
IRS990ScheduleA/PublicSupportTotal170Amt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0111029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0132739
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0166248
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0113790
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt094300
IRS990ScheduleA/Total509Grp/TotalAmt0618106
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0624096
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE 662.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT & WEB SITE EXPENSE 29466.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTAGE & DELIVERY 462.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS EXPENSE 1134.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RACE EXPENSES 11053.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AWARDS 22045.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADVERTISING 678.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8RACE INSURANCE 1575.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRAVEL 2204.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INVENTORY 2283. 2433.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ROOKIE RACER FUND 6200. 6700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12INVESTMENT 100000. 105453.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FIXED ASSETS 3969. 3969.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SCHOLARSHIP FUND 100. 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15OTHER CURRENT LIABILITIES 3125. 2825.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA HARRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09284826206
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0AIR RACE CLASSIC INC CO THERESA WHITE
ReturnHeader/Filer/BusinessNameControlTxt0AIRR
ReturnHeader/Filer/EIN0030443003
ReturnHeader/Filer/PhoneNum09284826206
ReturnHeader/Filer/USAddress/AddressLine1Txt029604 179TH PLACE SE
ReturnHeader/Filer/USAddress/CityNm0KENT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098042
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId05AF4F35C15767FB331E677A9C06A4E0FA748A235
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05AF4F35C15767FB331E677A9C06A4E0FA748A235
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.251.162.24
ReturnHeader/FilingSecurityInformation/IPDt02019-02-07
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm008:29:54
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0EDWARD D ROBERTS CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07144 E JENAN DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCOTTSDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085254
ReturnHeader/PreparerPersonGrp/PhoneNum04809913190
ReturnHeader/PreparerPersonGrp/PreparationDt02019-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD D ROBERTS CPA
ReturnHeader/ReturnTs02019-02-07T08:30:12-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet 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