Civic Intelligence

Racing Thoughts Inc.

990EZ • Fiscal year 2018 • EIN 13-3835811

Jul 01, 2017 to Jun 30, 2018 • Filed on Sep 08, 2018

Organization Profilejanecomfortandcompany.org
55 North Moore StNew York, NY 10013

(212) 226-5109

Siviq Scores

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

Liabilities / Assets

68th percentile

0.06x

Higher debt load relative to assets than 68% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Liabilities / Revenue

73rd percentile

0.05x

Higher debt load relative to revenue than 73% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Net Margin

36th percentile

-2.5%

Higher net margin than 36% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Top Officer Pay

75th percentile

$4,750

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 4.8% of source-year revenue.

2018 filings • NTEE A • <$500k nonprofits • Source year 2018

Asset Growth

53rd percentile

3.5%

Faster asset growth than 53% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

91st percentile

104%

Faster revenue growth than 91% of similar nonprofits.

2018 filings • NTEE A • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$83,502

Up $2,805 (+3.5%) from 2017

Net Assets

Down

$78,103

Down $2,453 (-3.0%) from 2017

Liabilities

Up

$5,399

Up $5,258 (+3729%) from 2017

Revenue And Expenses
Liabilities / Revenue73rd percentileNet Margin36th percentile

Revenue

Up

$99,357

Up $50,560 (+104%) from 2017

Expenses

Up

$101,810

Up $58,281 (+134%) from 2017

Net Income

Down

-$2,453

Down $7,721 (-147%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth53rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0Assets 2010: $47,239Liabilities 2010: $4,228Net Assets 2010: $43,0112010Assets 2011: $71,237Liabilities 2011: $8,2432011Assets 2012: $93,703Liabilities 2012: $2,4022012Assets 2013: $95,004Liabilities 2013: $2,294Net Assets 2013: $92,7102013Assets 2014: $90,909Liabilities 2014: $1,469Net Assets 2014: $89,4402014Assets 2015: $89,764Liabilities 2015: $3,9512015Assets 2016: $76,849Liabilities 2016: $0Net Assets 2016: $76,8492016Assets 2017: $80,697Liabilities 2017: $141Net Assets 2017: $80,5562017Assets 2018: $83,502Liabilities 2018: $5,399Net Assets 2018: $78,1032018Assets 2019: $82,221Liabilities 2019: $255Net Assets 2019: $81,9662019Assets 2020: $107,002Liabilities 2020: $0Net Assets 2020: $107,0022020Assets 2021: $134,553Liabilities 2021: $7,219Net Assets 2021: $127,3342021Assets 2022: $141,969Liabilities 2022: $4,964Net Assets 2022: $137,0052022Assets 2023: $115,762Liabilities 2023: $4,546Net Assets 2023: $111,2162023Assets 2024: $132,833Liabilities 2024: $4,384Net Assets 2024: $128,4492024Assets 2025: $145,284Liabilities 2025: $2,769Net Assets 2025: $142,5152025

Highlighted filing

2018

Assets$83,502
Liabilities$5,399
Net Assets$78,103
Open 2018 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2010: $94,750Expenses 2010: $64,547Net Income 2010: $30,2032010Revenue 2011: $144,428Expenses 2011: $124,445Net Income 2011: $19,9832011Revenue 2012: $128,842Expenses 2012: $100,535Net Income 2012: $28,3072012Revenue 2013: $88,745Expenses 2013: $87,336Net Income 2013: $1,4092013Revenue 2014: $87,198Expenses 2014: $90,468Net Income 2014: -$3,2702014Revenue 2015: $57,027Expenses 2015: $60,654Net Income 2015: -$3,6272015Revenue 2016: $128,905Expenses 2016: $137,869Net Income 2016: -$8,9642016Revenue 2017: $48,797Expenses 2017: $43,529Net Income 2017: $5,2682017Revenue 2018: $99,357Expenses 2018: $101,810Net Income 2018: -$2,4532018Revenue 2019: $45,349Expenses 2019: $41,486Net Income 2019: $3,8632019Revenue 2020: $57,390Expenses 2020: $32,354Net Income 2020: $25,0362020Revenue 2021: $46,031Expenses 2021: $25,699Net Income 2021: $20,3322021Revenue 2022: $47,535Expenses 2022: $37,864Net Income 2022: $9,6712022Revenue 2023: $96,992Expenses 2023: $122,781Net Income 2023: -$25,7892023Revenue 2024: $97,894Expenses 2024: $80,661Net Income 2024: $17,2332024Revenue 2025: $53,707Expenses 2025: $39,641Net Income 2025: $14,0662025

Highlighted filing

2018

Revenue$99,357
Expenses$101,810
Net Income-$2,453
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Sep 8, 2018
Return Version
2017v2.2
Gross Receipts
$103,537
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.

Program Services

DescriptionGrantsExpenses
Jane Comfort and Companys 40th Anniversary Retrospective was the focus of our activities this fiscal year. Four Screaming Women (1982) was included in the DanceNOW Festival at Joes Pub in New York City, and selected by the audience to be included in the Encores performance in September 2017. The 40th Anniversary Retrospective was co-commissioned by Lumberyard (formerly American Dance Institute) and La MaMa and ran in April 2018 at La MaMa Experimental Theater. Twenty-one artists over four decades returned to the studio to remount 10 selected works for the performance. It was well received and sold out the house for each of the four performances. In addition to the Companys season, Jane Comfort served as a moderator for the Young Dancemakers Company at the 92nd Street Y.$79,403-
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane ComfortArtistic DirectorPT$4,750-$4,750
Cynthia SvigalsSecretary-$0--
Lawton FittDirector-$0--
John ComfortDirector-$0--
Sukey WagnerPresident-$0--
Nancy FitzpatrickDirector-$0--
Adrian Buzz DohertyTreasurer-$0--
Don McCoyDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
40th Anniversary Benefit$27,133$4,180-$4,180
Total Events$27,133$4,180$4,180-
Filing and Contact Details

Filer

Filer Name
Racing Thoughts Inc
EIN
13-3835811
Phone
2122265109
Address
55 North Moore St, New York, NY 10013

Signing Officer

Name
Jane Comfort
Title
Artistic Director
Signed
2018-09-08
Discuss with paid preparer
Yes

Preparer

Firm
Mary G Sormeley CPA
Address
560 Day Ave, Ridgefield, NJ 07657
Preparer
Mary G Sormeley
Phone
2018328922
Supplemental Narrative

Additional Explanations

Other Revenue.1

“Miscellaneous $63”

Other Expenses.1002

“Office Expenses $821”

Other Expenses.1012

“Insurance $1447”

Other Expenses.1

“Indirect benefit expenses $3043”

Other Expenses.2

“Equipment rental and maintenan $2982”

Other Expenses.3

“Hospitality $2402”

Other Expenses.4

“Documentation $1977”

Other Expenses.5

“Software $953”

Other Expenses.6

“Costumes, props and set $608”

Other Expenses.7

“Rehearsal space rental $474”

Other Expenses.9

“Sound production $300”

Other Expenses.10

“Local transportation $270”

Other Expenses.12

“Miscellaneous $262”

Other Expenses.13

“Web hosting $250”

Other Expenses.14

“Video expense $180”

Other Expenses.15

“Telephone & telecommunications $87”

Other Expenses.16

“Bank charges $77”

Other Expenses.17

“Filing fees $75”

Other Expenses.18

“Dues and subscriptions $65”

Other Expenses.19

“Research & development $58”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $2487 Prepaid Expenses and Deferred Charges - Ending $1168”

Other Assets.1

“Security deposit - Beginning $10 Security deposit - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $661 Accounts Payable and Accrued Expenses - Ending $3523”

Total Liabilities.1

“P/R tax payable - Beginning $-520 P/R tax payable - Ending $1876”

Raw XML Appendix224 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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IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0300
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm040th Anniversary Benefit
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt03880
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Miscellaneous $63
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $821
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1447
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Indirect benefit expenses $3043
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Equipment rental and maintenan $2982
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Hospitality $2402
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documentation $1977
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Software $953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Costumes, props and set $608
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Rehearsal space rental $474
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Sound production $300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Local transportation $270
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Miscellaneous $262
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Web hosting $250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Video expense $180
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Telephone & telecommunications $87
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Bank charges $77
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Filing fees $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Dues and subscriptions $65
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Research & development $58
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt23P/R tax payable - Beginning $-520 P/R tax payable - Ending $1876
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Other Expenses.17
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc23Total Liabilities.1
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jane Comfort
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Artistic Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-09-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Racing Thoughts Inc
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0133835811
ReturnHeader/Filer/PhoneNum02122265109
ReturnHeader/Filer/USAddress/AddressLine1Txt055 North Moore St
ReturnHeader/Filer/USAddress/CityNm0New York
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010013
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0823782880
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Mary G Sormeley CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0560 Day Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Ridgefield
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007657
ReturnHeader/PreparerPersonGrp/PhoneNum02018328922
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Mary G Sormeley
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-09-08T07:37:40-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$83,502
Liabilities
$5,399
Net assets
$78,103
Revenue
$99,357
Expenses
$101,810
Net income
-$2,453
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.45$0.03$1.43$0.54$0.40$0.14
2024Detailed filing. Detailed filing data is available for this year.$1.33$0.04$1.28$0.98$0.81$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.16$0.05$1.11$0.97$1.23$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.42$0.05$1.37$0.48$0.38$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.07$1.27$0.46$0.26$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.00$1.07$0.57$0.32$0.25
2019Detailed filing. Detailed filing data is available for this year.$0.82$0.00$0.82$0.45$0.41$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.05$0.78$0.99$1.02$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.81$0.00$0.81$0.49$0.44$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.00$0.77$1.29$1.38$0.09
2015Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$0.90$0.04$0.57$0.61$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.91$0.01$0.89$0.87$0.90$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.02$0.93$0.89$0.87$0.01
2012Summary only. Only limited summary data is available for this year.$0.94$0.02$1.29$1.01$0.28
2011Summary only. Only limited summary data is available for this year.$0.71$0.08$1.44$1.24$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.04$0.43$0.95$0.65$0.30