Liabilities / Assets
65th percentile
Higher debt load relative to assets than 65% of similar nonprofits.
Racing Thoughts Inc.
990EZ • Fiscal year 2015 • EIN 13-3835811
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.04x
Liabilities / Revenue
74th percentile
Higher debt load relative to revenue than 74% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
74th percentile
Higher top officer pay than 74% of similar nonprofits.
Top officer pay equals 7.9% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
15th percentile
Faster revenue growth than 15% of similar nonprofits.
Balance Sheet
Assets
Down$89,764
Down $1,145 (-1.3%) from 2014
Net Assets
Down$85,813
Down $3,627 (-4.1%) from 2014
Liabilities
Up$3,951
Up $2,482 (+169%) from 2014
Revenue And Expenses
Revenue
Down$57,027
Down $30,171 (-35%) from 2014
Expenses
Down$60,654
Down $29,814 (-33%) from 2014
Net Income
Down-$3,627
Down $357 (-11%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2014 to Jun 30, 2015
- Signed
- Feb 16, 2016
- Return Version
- 2014v6.0
- Gross Receipts
- $57,027
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 | $60,654 | - |
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
- Filer Name
- Racing Thoughts Inc
- EIN
- 13-3835811
- Phone
- 2122265109
- Address
- 55 North Moore Street, New York, NY 10013
Signing Officer
- Name
- Jane Comfort
- Title
- Director
- Signed
- 2016-02-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Michael P Boland EA
- Address
- PO Box 1120, Beacon, NY 12508-8120
- Preparer
- Michael P Boland EA
- Phone
- 2123599577
Supplemental Narrative
Additional Explanations
Other Expenses.1002
“Office Expenses $4168”
Other Expenses.1012
“Insurance $6426”
Other Expenses.1
“Marketing $7236”
Other Expenses.2
“Production $5565”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $8020 Prepaid Expenses and Deferred Charges - Ending $8069”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $30 Accounts Payable and Accrued Expenses - Ending $0”
Total Liabilities.1
“Payable to Officers, Directors, Etc. - Beginning $613 Payable to Officers, Directors, Etc. - Ending $585”
Total Liabilities.2
“Payroll Taxes Payable - Beginning $826 Payroll Taxes Payable - Ending $3366”
Raw XML Appendix181 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/AddressLine1Txt | 0 | 55 North Moore Street |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | New York |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NY |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 10013 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 82889 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 81695 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 52932 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -3627 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4566 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form720FiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 90909 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 89764 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 57027 |
| 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 | 89440 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 85813 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 89440 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 85813 |
| 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 | 8020 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 8069 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 23395 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Cultural / Dance |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 4037 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Creation and Performance of Dance Works to the General Public |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 60654 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/RelatedOrgSect527OrgInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 32693 |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1469 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 3951 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 60654 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 60654 |
| IRS990EZ/TotalRevenueAmt | 0 | 57027 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | janecomfortandcompany.org |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 52932 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 35897 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 48271 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 77203 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 64491 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 278794 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 58 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 58 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 535 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 77 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 56 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 784 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.58600 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 163837 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 114957 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 52932 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 35897 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 48271 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 77203 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 64491 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 278794 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 279578 |
| 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 $4168 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Insurance $6426 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Marketing $7236 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Production $5565 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Prepaid Expenses and Deferred Charges - Beginning $8020 Prepaid Expenses and Deferred Charges - Ending $8069 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Payable and Accrued Expenses - Beginning $30 Accounts Payable and Accrued Expenses - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Payable to Officers, Directors, Etc. - Beginning $613 Payable to Officers, Directors, Etc. - Ending $585 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Payroll Taxes Payable - Beginning $826 Payroll Taxes Payable - Ending $3366 |
| 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 Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Total Liabilities.1001 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Total Liabilities.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Total Liabilities.2 |
| ReturnHeader/BuildTS | 0 | 2016-08-17 19:52:53Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jane Comfort |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Director |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-02-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Racing Thoughts Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RACI |
| ReturnHeader/Filer/EIN | 0 | 133835811 |
| ReturnHeader/Filer/PhoneNum | 0 | 2122265109 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 55 North Moore Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | New York |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 10013 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Michael P Boland EA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 1120 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Beacon |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NY |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 125088120 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 2123599577 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michael P Boland EA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2016-02-16T15:03:05-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-06-30 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $89,764
- Liabilities
- $3,951
- Net assets
- $85,813
- Revenue
- $57,027
- Expenses
- $60,654
- Net income
- -$3,627