Civic Intelligence

Racing Thoughts Inc.

990EZ • Fiscal year 2020 • EIN 13-3835811

Jul 01, 2019 to Jun 30, 2020 • Filed on Jul 24, 2021

Organization Profilejanecomfortandcompany.org
41 Eastern ParkwayBrooklyn, NY 11238

(212) 226-5109

Siviq Scores

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

Liabilities / Assets

48th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Net Margin

84th percentile

44%

Higher net margin than 84% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$4,500

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2020 filings • NTEE A • <$500k nonprofits • Source year 2020

Asset Growth

70th percentile

30%

Faster asset growth than 70% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

84th percentile

27%

Faster revenue growth than 84% of similar nonprofits.

2020 filings • NTEE A • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$107,002

Up $24,781 (+30%) from 2019

Net Assets

Up

$107,002

Up $25,036 (+31%) from 2019

Liabilities

Down

$0

Down $255 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin84th percentile

Revenue

Up

$57,390

Up $12,041 (+27%) from 2019

Expenses

Down

$32,354

Down $9,132 (-22%) from 2019

Net Income

Up

$25,036

Up $21,173 (+548%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth70th 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

2020

Assets$107,002
Liabilities$0
Net Assets$107,002
Open 2020 Filing

Operations Trend

Revenue Growth84th 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

2020

Revenue$57,390
Expenses$32,354
Net Income$25,036
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jul 24, 2021
Return Version
2019v5.0
Gross Receipts
$57,390
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 Company received an award from the Department of Cultural Affairs for an documentary screening event that was cancelled due to Covid-19 and later rescheduled online. Audiences were able to tune in for one week to watch a video recording of the 40th Anniversary Retrospective instead. The company was also preparing for live performances for a two-week run of shows in FY 2021 at the New Vic Theater, a public programming event that was also cancelled and revised to an online experience. This required none of the rehearsals and pre-production expected during the end of our fiscal year. The Company was unable to continue with planned programming during the pandemic, through the end of the fiscal year.$22,707-
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane ComfortArtistic DirectorPT$4,500-$4,500
Cynthia SvigalsSecretary-$0--
Lawton FittDirector-$0--
John ComfortDirector-$0--
Sukey WagnerPresident-$0--
Nancy FitzpatrickDirector-$0--
Adrian Buzz DohertyTreasurer-$0--
Don McCoyDirector-$0--
Filing and Contact Details

Filer

Filer Name
Racing Thoughts Inc
EIN
13-3835811
Phone
2122265109
Address
41 Eastern Parkway, Brooklyn, NY 11238

Signing Officer

Name
Jane Comfort
Title
Artistic Director
Signed
2021-07-24
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 $40”

Other Expenses.1002

“Office Expenses $429”

Other Expenses.1003

“Information Technology $250”

Other Expenses.1009

“Depreciation $548”

Other Expenses.1012

“Insurance $1447”

Other Expenses.1

“Equipment rental and maintenan $4404”

Other Expenses.2

“Software $2393”

Other Expenses.3

“Hospitality $807”

Other Expenses.4

“Dues and subscriptions $474”

Other Expenses.5

“Local transportation $344”

Other Expenses.6

“Miscellaneous $246”

Other Expenses.7

“Payroll service $141”

Other Expenses.8

“Documentation $137”

Other Expenses.10

“Bank charges $98”

Other Expenses.11

“Filing fees $75”

Other Expenses.12

“Telecommunications $5”

Other Assets.1004

“Miscellaneous - Beginning $0 Miscellaneous - Ending $1920”

Other Assets.1006

“Pledges and Grants Receivable - Beginning $0 Pledges and Grants Receivable - Ending $11497”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $1696 Prepaid Expenses and Deferred Charges - Ending $0”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $-114 Accounts Payable and Accrued Expenses - Ending $0”

Total Liabilities.1

“P/R tax payable - Beginning $369 P/R tax payable - Ending $0”

Raw XML Appendix216 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/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Miscellaneous $40
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $429
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $250
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $548
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $1447
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Equipment rental and maintenan $4404
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Software $2393
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Hospitality $807
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Dues and subscriptions $474
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Local transportation $344
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Miscellaneous $246
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Payroll service $141
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Documentation $137
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Bank charges $98
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Filing fees $75
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15Telecommunications $5
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Miscellaneous - Beginning $0 Miscellaneous - Ending $1920
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Pledges and Grants Receivable - Beginning $0 Pledges and Grants Receivable - Ending $11497
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18Prepaid Expenses and Deferred Charges - Beginning $1696 Prepaid Expenses and Deferred Charges - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Accounts Payable and Accrued Expenses - Beginning $-114 Accounts Payable and Accrued Expenses - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt20P/R tax payable - Beginning $369 P/R tax payable - Ending $0
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Expenses.8
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc20Total Liabilities.1
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jane Comfort
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Artistic Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Racing Thoughts Inc
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0133835811
ReturnHeader/Filer/PhoneNum02122265109
ReturnHeader/Filer/USAddress/AddressLine1Txt041 Eastern Parkway
ReturnHeader/Filer/USAddress/CityNm0Brooklyn
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011238
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/ReturnTs02021-07-24T06:50:28-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$107,002
Liabilities
$0
Net assets
$107,002
Revenue
$57,390
Expenses
$32,354
Net income
$25,036
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
2020Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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