Civic Intelligence

Quick Release Racing Inc

EIN 11-3710155 • 501(c)3 • Salt Lake City, UT

Pub. 78 Eligible990-N Coverage

Profile

Development of US Olympic Athletes

1012 Harvard AveSalt Lake City, UT 84105

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2014

Net Margin

96th percentile

82%

Higher net margin than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

25th percentile

-29%

Faster asset growth than 25% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

8th percentile

-81%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$21,126

Down $8,766 (-29%) from 2013

Liabilities

Down

$0

Down $11,830 (-100%) from 2013

Net Assets

Up

$21,126

Up $3,064 (+17%) from 2013

Operations
Liabilities / RevenueScore unavailableNet Margin96th percentile

Revenue

Down

$25,876

Down $107,837 (-81%) from 2013

Expenses

Down

$4,533

Down $115,651 (-96%) from 2013

Net Income

Up

$21,343

Up $7,814 (+58%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30K$20K$10K$0Assets 2011: $9,729Liabilities 2011: $377Net Assets 2011: $9,3522011Assets 2012: $12,322Liabilities 2012: $377Net Assets 2012: $11,9452012Assets 2013: $29,892Liabilities 2013: $11,830Net Assets 2013: $18,0622013Assets 2014: $21,126Liabilities 2014: $0Net Assets 2014: $21,1262014

Highlighted filing

2014

Assets$21,126
Liabilities$0
Net Assets$21,126
Open 2014 Filing

Operations Trend

Revenue Growth8th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Expenses 2011: $102,5102011Expenses 2012: $108,5242012Revenue 2013: $133,713Expenses 2013: $120,184Net Income 2013: $13,5292013Revenue 2014: $25,876Expenses 2014: $4,533Net Income 2014: $21,3432014

Highlighted filing

2014

Revenue$25,876
Expenses$4,533
Net Income$21,343
Open 2014 Filing

Filings

Most recent year

2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,126
Liabilities
$0
Net assets
$21,126
Revenue
$25,876
Expenses
$4,533
Net income
$21,343
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.26$0.05$0.21
2013Detailed filing. Detailed filing data is available for this year.$0.30$0.12$0.18$1.34$1.20$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.00$0.12$1.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.09$1.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 14, 2015
Return Version
2014v5.0
Gross Receipts
$37,969
Mission and Program Overview

Mission

Development of US Olympic Athletes

Program Services

DescriptionGrantsExpenses
Development of US Olympic Athletes$4,533-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chris MagerlPresident-$0--
David MyersExecutive Director-$0--
David IannelliExecutive Director-$0--
Filing and Contact Details

Filer

Filer Name
Quick Release Racing Inc
EIN
11-3710155
Phone
8015958293
Address
1012 Harvard Ave, Salt Lake City, UT 84105

Signing Officer

Name
Chris Magerl
Title
Officer
Signed
2015-04-14
Discuss with paid preparer
Yes

Preparer

Firm
Incite Tax & Accounting
Address
9131 S Monroe Plaza Way B, Sandy, UT 84070
Preparer
Dustin Griffiths
Phone
8019998295
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $51”

Other Expenses.1003

“Information Technology $153”

Other Expenses.1008

“Interest $741”

Other Expenses.1012

“Insurance $256”

Other Expenses.1

“Taxes $1605”

Other Expenses.2

“Van Maintenance $1008”

Other Expenses.3

“Van Storage $300”

Other Expenses.4

“Tools $168”

Other Expenses.5

“Location Scouting Costs $96”

Other Assets.1003

“Machinery and Equipment - Beginning $12093 Machinery and Equipment - Ending $0”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $11830 Unsecured Notes and Loans Payable - Ending $0”

Raw XML Appendix151 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.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PhoneNum08015958293
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01012 Harvard Ave
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Salt Lake City
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0UT
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd084105
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt017799
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt021126
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt021469
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt012093
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt021343
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt017
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt029892
IRS990EZ/Form990TotalAssetsGrp/EOYAmt021126
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt04407
IRS990EZ/GrossReceiptsAmt037969
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InfoInScheduleOPartVInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt018062
IRS990EZ/NetAssetsOrFundBalancesEOYAmt021126
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt018062
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt021126
IRS990EZ/OccupancyRentUtltsAndMaintAmt0138
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Chris Magerl
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1David Myers
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2David Iannelli
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Executive Dir.
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt012093
IRS990EZ/OtherChangesInNetAssetsAmt0-18279
IRS990EZ/OtherExpensesTotalAmt04378
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Development of US Olympic Athletes
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Development of US Olympic Athletes
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt04533
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/RelatedOrgSect527OrgInd0false
IRS990EZ/SaleOfAssetsGrossAmt016500
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt011830
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt04533
IRS990EZ/TotalProgramServiceExpensesAmt04533
IRS990EZ/TotalRevenueAmt025876
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt021469
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021469
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt021469
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt021469
IRS990ScheduleA/Total509Grp/TotalAmt021469
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt021469
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt021469
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $51
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $153
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Interest $741
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $256
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Taxes $1605
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Van Maintenance $1008
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Van Storage $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Tools $168
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Location Scouting Costs $96
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Machinery and Equipment - Beginning $12093 Machinery and Equipment - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Unsecured Notes and Loans Payable - Beginning $11830 Unsecured Notes and Loans Payable - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1008
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Chris Magerl
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Officer
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Quick Release Racing Inc
ReturnHeader/Filer/BusinessNameControlTxt0QUIC
ReturnHeader/Filer/EIN0113710155
ReturnHeader/Filer/PhoneNum08015958293
ReturnHeader/Filer/USAddress/AddressLine1Txt01012 Harvard Ave
ReturnHeader/Filer/USAddress/CityNm0Salt Lake City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0UT
ReturnHeader/Filer/USAddress/ZIPCd084105
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0INCITE TAX & ACCOUNTING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09131 S Monroe Plaza Way B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Sandy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0UT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd084070
ReturnHeader/PreparerPersonGrp/PhoneNum08019998295
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Dustin Griffiths
ReturnHeader/ReturnTs02015-04-14T15:24:04-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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