Liabilities / Assets
58th percentile
Higher debt load relative to assets than 58% of similar nonprofits.
Racing Thoughts Inc.
990EZ • Fiscal year 2014 • EIN 13-3835811
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.02x
Liabilities / Revenue
60th percentile
Higher debt load relative to revenue than 60% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 5.2% of source-year revenue.
Asset Growth
36th percentile
Faster asset growth than 36% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Down$90,909
Down $4,095 (-4.3%) from 2013
Net Assets
Down$89,440
Down $3,270 (-3.5%) from 2013
Liabilities
Down$1,469
Down $825 (-36%) from 2013
Revenue And Expenses
Revenue
Down$87,198
Down $1,547 (-1.7%) from 2013
Expenses
Up$90,468
Up $3,132 (+3.6%) from 2013
Net Income
Down-$3,270
Down $4,679 (-332%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2013 to Jun 30, 2014
- Signed
- May 15, 2015
- Return Version
- 2013v4.0
- Gross Receipts
- $87,198
Mission and Program Overview
Mission
Racing Thoughts was formed to support the artistic work of Jane Comfort and Company. Jane Comfort has been choreographing since 1978 and creates dance theater works that are dedicated to achieving a new fusion of text and movement as a means of deep social commentary.
Cultural / Dance
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Creation and Performance of Dance Works to the General Public | $90,468 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jane Comfort | Director | FT | $4,500 | - | $4,500 |
| John Comfort | President | - | $0 | - | - |
| Cynthia Svigals | Director | - | $0 | - | - |
| Don McCoy | Director | - | $0 | - | - |
| Fred Sherman | Secy / Treas | - | $0 | - | - |
| Suki Wagner | Director | - | $0 | - | - |
| Lawton Fitt | Director | - | $0 | - | - |
| Nancy Fitzpatrick | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- EIN
- 13-3835811
- Phone
- 2122265109
Signing Officer
- Name
- Jane Comfort
- Title
- Director
- Signed
- 2015-05-15
- Discuss with paid preparer
- Yes
Preparer
- Preparer
- Michael P Boland EA
- Phone
- 7184146128
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $4461”
Other Expenses.1012
“Insurance $2689”
Other Expenses.1
“Tour Expense $10937”
Other Expenses.2
“Marketing Expense $10402”
Other Expenses.3
“Production Expense $2726”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $4315 Prepaid Expenses and Deferred Charges - Ending $8020”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $150 Accounts Payable and Accrued Expenses - Ending $30”
Total Liabilities.1
“Payable to Officers, Directors, Etc. - Beginning $613 Payable to Officers, Directors, Etc. - Ending $613”
Total Liabilities.2
“Payroll Taxes Payable - Beginning $1531 Payroll Taxes Payable - Ending $826”
Raw XML Appendix184 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Jane Comfort |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 2122265109 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1 | 0 | 55 North Moore Street |
| IRS990EZ/BooksInCareOfDetail/USAddress/City | 0 | New York |
| IRS990EZ/BooksInCareOfDetail/USAddress/State | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode | 0 | 10013 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 90689 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 82889 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 35897 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3270 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 7880 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 95004 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 90909 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 87198 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/InvestmentIncomeAmt | 0 | 58 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 92710 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 89440 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 92710 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 89440 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 4500 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | John Comfort |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Jane Comfort |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Cynthia Svigals |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Don McCoy |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Fred Sherman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Suki Wagner |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Lawton Fitt |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | Nancy Fitzpatrick |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Secy / Treas |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Director |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Director |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationFiled990TInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 4315 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 8020 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 31215 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Cultural / Dance |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 51243 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Creation and Performance of Dance Works to the General Public |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 90468 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 51373 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2294 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1469 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 90468 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 90468 |
| IRS990EZ/TotalRevenueAmt | 0 | 87198 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | janecomfortandcompany.org |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 35897 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 48271 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77203 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 64491 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56025 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 281887 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 58 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 535 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 56 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 17 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 743 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.48200 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.51260 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 136227 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 145660 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 35897 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 48271 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77203 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 64491 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56025 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 281887 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 282630 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $4461 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $2689 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Tour Expense $10937 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Marketing Expense $10402 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Production Expense $2726 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Prepaid Expenses and Deferred Charges - Beginning $4315 Prepaid Expenses and Deferred Charges - Ending $8020 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Accounts Payable and Accrued Expenses - Beginning $150 Accounts Payable and Accrued Expenses - Ending $30 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Payable to Officers, Directors, Etc. - Beginning $613 Payable to Officers, Directors, Etc. - Ending $613 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Payroll Taxes Payable - Beginning $1531 Payroll Taxes Payable - Ending $826 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Total Liabilities.2 |
| ReturnHeader/BuildTS | 0 | 2016-04-25 22:37:26Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jane Comfort |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Director |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-05-15 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1 | 0 | Racing Thoughts Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RACI |
| ReturnHeader/Filer/EIN | 0 | 133835811 |
| ReturnHeader/Filer/PhoneNum | 0 | 2122265109 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | 55 North Moore Street |
| ReturnHeader/Filer/USAddress/City | 0 | New York |
| ReturnHeader/Filer/USAddress/State | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 10013 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1 | 0 | Michael P Boland EA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1 | 0 | 68 Jay Street South 14 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City | 0 | Brooklyn |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode | 0 | 11201 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7184146128 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael P Boland EA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2015-05-15T05:18:09-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2013-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-06-30 |
| ReturnHeader/TaxYr | 0 | 2013 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $90,909
- Liabilities
- $1,469
- Net assets
- $89,440
- Revenue
- $87,198
- Expenses
- $90,468
- Net income
- -$3,270