Civic Intelligence

Air Race Classic Inc.

990EZ • Fiscal year 2019 • EIN 03-0443003

Oct 01, 2018 to Sep 30, 2019 • Filed on Jan 21, 2020

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.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

71st percentile

0.02x

Higher debt load relative to revenue than 71% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

22nd percentile

-12%

Higher net margin than 22% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

35th percentile

-5.3%

Faster asset growth than 35% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

33rd percentile

-10%

Faster revenue growth than 33% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$231,459

Down $12,967 (-5.3%) from 2018

Net Assets

Down

$229,234

Down $12,367 (-5.1%) from 2018

Liabilities

Down

$2,225

Down $600 (-21%) from 2018

Revenue

Down

$102,369

Down $11,840 (-10%) from 2018

Expenses

Up

$114,736

Up $37,075 (+48%) from 2018

Net Income

Down

-$12,367

Down $48,915 (-134%) from 2018

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

2019

Assets$231,459
Liabilities$2,225
Net Assets$229,234

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

2019

Revenue$102,369
Expenses$114,736
Net Income-$12,367
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Jan 21, 2020
Return Version
2018v3.1
Gross Receipts
$106,954
Mission and Program Overview

Mission

To develop and advance aviation education

Program Services

DescriptionGrantsExpenses
ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN, INVOLVINGNUMEROUS NORTH AMERICAN AIRPORTS$0$59,749
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LARA GAERTEPresident-$0--
JO ANNE ALCORNVice President-$0--
THERESA WHITESecretary-$0--
LINDA EVANSTreasurer-$0--
DONNA HARRISVice President-$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
Linda Evans
Title
Treasurer
Phone
9284826206
Signed
2020-01-21

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 624.

Form 990EZ, Part I, Line 16

BANK CHARGES 2182.

Form 990EZ, Part I, Line 16

It & web site expense 27372.

Form 990EZ, Part I, Line 16

POSTAGE & DELIVERY 5925.

Form 990EZ, Part I, Line 16

Miscellaneous expense 3525.

Form 990EZ, Part I, Line 16

RACE EXPENSES 6892.

Form 990EZ, Part I, Line 16

AWARDS 29170.

Form 990EZ, Part I, Line 16

ADVERTISING 11111.

Form 990EZ, Part I, Line 16

RACE INSURANCE 2025.

Form 990EZ, Part I, Line 16

TRAVEL 6110.

Form 990EZ, Part I, Line 16

ADMINISTRATION 454.

Form 990EZ, Part I, Line 16

MARKETING 2985.

Form 990EZ, Part II, Line 24

INVENTORY 2433. 8303.

Form 990EZ, Part II, Line 24

Rookie racer fund 6700. 6700.

Form 990EZ, Part II, Line 24

INVESTMENT 105453. 0.

Form 990EZ, Part II, Line 24

FIXED ASSETS 3969. 5387.

Form 990EZ, Part II, Line 24

Scholarship fund 100. 100.

Form 990EZ, Part II, Line 26

Other current liabilities 2825. 2225.

Raw XML Appendix218 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/CityNm0NORTH WALES
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LARA GAERTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JO ANNE ALCORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2THERESA WHITE
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDENT
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IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherAssetsTotalDetail/EOYAmt020490
IRS990EZ/OtherExpensesTotalAmt098375
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO DEVELOP AND ADVANCE AVIATION EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt012202
IRS990EZ/ProgramServiceRevenueAmt077397
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IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt059749
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0114736
IRS990EZ/TotalProgramServiceExpensesAmt059749
IRS990EZ/TotalRevenueAmt0102369
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.AIRRACECLASSIC.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt035300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt049591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt038933
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt070564
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt034674
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0229062
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt06427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt052
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt095684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt079116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0395271
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt06427
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt040
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012082
IRS990ScheduleA/InvestmentIncomeCYPct00.01900
IRS990ScheduleA/InvestmentIncomePYPct00.00960
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0132739
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0166248
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0113790
IRS990ScheduleA/Total509Grp/TotalAmt0624333
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0636415
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE 624.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES 2182.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT & WEB SITE EXPENSE 27372.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTAGE & DELIVERY 5925.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS EXPENSE 3525.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RACE EXPENSES 6892.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AWARDS 29170.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADVERTISING 11111.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8RACE INSURANCE 2025.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9TRAVEL 6110.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ADMINISTRATION 454.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MARKETING 2985.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12INVENTORY 2433. 8303.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13ROOKIE RACER FUND 6700. 6700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14INVESTMENT 105453. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15FIXED ASSETS 3969. 5387.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16SCHOLARSHIP FUND 100. 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17OTHER CURRENT LIABILITIES 2825. 2225.
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 I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990EZ, Part I, Line 16
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 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA EVANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09284826206
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-21
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0BB0C75A90192F255033B604BEF9506C0A09F16F8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt024.251.162.24
ReturnHeader/FilingSecurityInformation/IPDt02020-02-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm009:59:06
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/PreparationDt02020-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD D ROBERTS CPA
ReturnHeader/ReturnTs02020-02-03T09:59:45-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-10-01
ReturnHeader/TaxPeriodEndDt02019-09-30
ReturnHeader/TaxYr02018

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