Civic Intelligence

Air Race Classic Inc.

990EZ • Fiscal year 2021 • EIN 03-0443003

Oct 01, 2020 to Sep 30, 2021 • Filed on Jan 14, 2022

107 Kent DriveNorth Wales, PA 19454

(267) 261-7667

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.05x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

84th percentile

0.20x

Higher debt load relative to revenue than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

84th percentile

44%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

56th percentile

10%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

78%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$246,007

Up $22,956 (+10%) from 2020

Net Assets

Up

$234,914

Up $24,856 (+12%) from 2020

Liabilities

Down

$11,093

Down $1,900 (-15%) from 2020

Revenue

Up

$55,899

Up $24,459 (+78%) from 2020

Expenses

Down

$31,043

Down $19,573 (-39%) from 2020

Net Income

Up

$24,856

Up $44,032 (+230%) from 2020

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

2021

Assets$246,007
Liabilities$11,093
Net Assets$234,914

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

2021

Revenue$55,899
Expenses$31,043
Net Income$24,856
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jan 14, 2022
Return Version
2020v4.1
Gross Receipts
$55,899
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$23,992
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
LARA GAERTEPresident-$0--
DONNA HARRISVice President-$0--
SHERRY KANDLESecretary-$0--
LINDA EVANSTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Air Race Classic Inc Co Linda Evans Treasurer
EIN
03-0443003
Phone
2672617667
Address
107 KENT DRIVE, NORTH WALES, PA 19454

Signing Officer

Name
Linda Evans
Title
Treasurer
Phone
2672617667
Signed
2022-01-14

Preparer

Firm
Mcgrath Nothman Pc
Address
11000 N SCOTTSDALE RD STE 220, SCOTTSDALE, AZ 85254
Preparer
Edward D Roberts CPA
Phone
4809511040
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 10

Donation; Non Profit; Ladies in Flight Training Inc: 106 E High Street, Liberty, IN, 47353; none, cash $1298 11/15/2020 1298. 1298. 1298.

Form 990EZ, Part I, Line 10

Donation; Non Profit; Female Aviators Sticking Together: 3316-A South Cobb Drive 301, Smyrna, GA , 30080; non, Cash 11/15/2020 1298. 1298. 1298.

Form 990EZ, Part I, Line 16

BANK CHARGES 1127.

Form 990EZ, Part I, Line 16

SOFTWARE 1743.

Form 990EZ, Part I, Line 16

POSTAGE & DELIVERY 774.

Form 990EZ, Part I, Line 16

Miscellaneous expense 100.

Form 990EZ, Part I, Line 16

AWARDS 6753.

Form 990EZ, Part I, Line 16

ADVERTISING 2059.

Form 990EZ, Part I, Line 16

ARC BOARD MEETING 102.

Form 990EZ, Part I, Line 16

Web site development 12188.

Form 990EZ, Part I, Line 16

WEB HOSTING 1500.

Form 990EZ, Part II, Line 24

INVENTORY 6253. 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. 115.

Form 990EZ, Part II, Line 26

Other current liabilities 12993. 11093.

Raw XML Appendix209 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/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt038933
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Donation; Non Profit; Ladies in Flight Training Inc: 106 E High Street, Liberty, IN, 47353; none, cash $1298 11/15/2020 1298. 1298. 1298.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Donation; Non Profit; Female Aviators Sticking Together: 3316-A South Cobb Drive 301, Smyrna, GA , 30080; non, Cash 11/15/2020 1298. 1298. 1298.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES 1127.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SOFTWARE 1743.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POSTAGE & DELIVERY 774.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS EXPENSE 100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AWARDS 6753.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ADVERTISING 2059.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ARC BOARD MEETING 102.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9WEB SITE DEVELOPMENT 12188.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10WEB HOSTING 1500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11INVENTORY 6253. 6253.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12ROOKIE RACER FUND 6700. 6700.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13FIXED ASSETS 5387. 5387.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14SCHOLARSHIP FUND 100. 115.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15OTHER CURRENT LIABILITIES 12993. 11093.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 10
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 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PhoneNum02672617667
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-14
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ReturnHeader/Filer/BusinessNameControlTxt0AIRR
ReturnHeader/Filer/EIN0030443003
ReturnHeader/Filer/PhoneNum02672617667
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019454
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/PhoneNum04809511040
ReturnHeader/PreparerPersonGrp/PreparationDt02022-02-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD D ROBERTS CPA
ReturnHeader/ReturnTs02022-02-03T10:28:58-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LINDA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0EVANS
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

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