Civic Intelligence

Air Race Classic Inc.

990EZ • Fiscal year 2020 • EIN 03-0443003

Oct 01, 2019 to Sep 30, 2020 • Filed on Dec 30, 2020

Organization ProfileWWW.AIRRACECLASSIC.ORG
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

71st percentile

0.06x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

89th percentile

0.41x

Higher debt load relative to revenue than 89% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

11th percentile

-61%

Higher net margin than 11% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

35th percentile

-3.6%

Faster asset growth than 35% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-69%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$223,051

Down $8,408 (-3.6%) from 2019

Net Assets

Down

$210,058

Down $19,176 (-8.4%) from 2019

Liabilities

Up

$12,993

Up $10,768 (+484%) from 2019

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin11th percentile

Revenue

Down

$31,440

Down $70,929 (-69%) from 2019

Expenses

Down

$50,616

Down $64,120 (-56%) from 2019

Net Income

Down

-$19,176

Down $6,809 (-55%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

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

2020

Assets$223,051
Liabilities$12,993
Net Assets$210,058
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

2020

Revenue$31,440
Expenses$50,616
Net Income-$19,176
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Dec 30, 2020
Return Version
2019v5.1
Gross Receipts
$31,460
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$14,287
Compensation and Service Providers
Top Officer Pay76th percentile

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
2020-12-30

Preparer

Firm
Mcgrath Nothman Pc
Address
11000 N SCOTTSDALE RD STE 220, SCOTTSDALE, AZ 85254
Preparer
Edward D Roberts CPA
Phone
4809913190
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“INSURANCE 1139.”

Form 990EZ, Part I, Line 16

“BANK CHARGES 1664.”

Form 990EZ, Part I, Line 16

“It & web site expense 26450.”

Form 990EZ, Part I, Line 16

“POSTAGE & DELIVERY 47.”

Form 990EZ, Part I, Line 16

“Miscellaneous expense 5716.”

Form 990EZ, Part I, Line 16

“RACE EXPENSES 2576.”

Form 990EZ, Part I, Line 16

“AWARDS 1288.”

Form 990EZ, Part I, Line 16

“ADVERTISING 5769.”

Form 990EZ, Part I, Line 16

“TRAVEL 1033.”

Form 990EZ, Part I, Line 16

“ADMINISTRATION 28.”

Form 990EZ, Part II, Line 24

“INVENTORY 8303. 6253.”

Form 990EZ, Part II, Line 24

“Rookie racer fund 6700. 6700.”

Form 990EZ, Part II, Line 24

“FIXED ASSETS 5387. 5387.”

Form 990EZ, Part II, Line 24

“Scholarship fund 100. 100.”

Form 990EZ, Part II, Line 26

“Other current liabilities 2225. 12993.”

Raw XML Appendix208 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/CompensationAmt40
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0LARA GAERTE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JO ANNE ALCORN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2THERESA WHITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3LINDA EVANS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4DONNA HARRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4VICE PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt020490
IRS990EZ/OtherAssetsTotalDetail/EOYAmt018440
IRS990EZ/OtherExpensesTotalAmt045710
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO DEVELOP AND ADVANCE AVIATION EDUCATION
IRS990EZ/PrintingPublicationsPostageAmt02326
IRS990EZ/ProgramServiceRevenueAmt017749
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN, INVOLVINGNUMEROUS NORTH AMERICAN AIRPORTS
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt014287
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02225
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TotalExpensesAmt050616
IRS990EZ/TotalProgramServiceExpensesAmt014287
IRS990EZ/TotalRevenueAmt031440
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.AIRRACECLASSIC.ORG
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt015930
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt049591
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt038933
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt070564
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0210318
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03882
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt06427
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt05514
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt052
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt049
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt015924
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt015048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt065227
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt061438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt093806
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt095684
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0331203
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03882
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt06427
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt05514
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt052
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt049
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt015924
IRS990ScheduleA/InvestmentIncomeCYPct00.02860
IRS990ScheduleA/InvestmentIncomePYPct00.01900
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97140
IRS990ScheduleA/PublicSupportPY509Pct00.98100
IRS990ScheduleA/PublicSupportTotal509Amt0541521
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt030978
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0100527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0111029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0132739
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0166248
IRS990ScheduleA/Total509Grp/TotalAmt0541521
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0557445
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0INSURANCE 1139.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BANK CHARGES 1664.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT & WEB SITE EXPENSE 26450.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3POSTAGE & DELIVERY 47.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS EXPENSE 5716.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RACE EXPENSES 2576.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AWARDS 1288.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADVERTISING 5769.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TRAVEL 1033.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ADMINISTRATION 28.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10INVENTORY 8303. 6253.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ROOKIE RACER FUND 6700. 6700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12FIXED ASSETS 5387. 5387.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13SCHOLARSHIP FUND 100. 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14OTHER CURRENT LIABILITIES 2225. 12993.
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 26
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA EVANS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09284826206
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-12-30
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/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MCGRATH NOTHMAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011000 N SCOTTSDALE RD STE 220
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SCOTTSDALE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd085254
ReturnHeader/PreparerPersonGrp/PhoneNum04809913190
ReturnHeader/PreparerPersonGrp/PreparationDt02021-08-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD D ROBERTS CPA
ReturnHeader/ReturnTs02021-08-03T13:10:28-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$223,051
Liabilities
$12,993
Net assets
$210,058
Revenue
$31,440
Expenses
$50,616
Net income
-$19,176
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