Civic Intelligence

Racing Thoughts Inc.

990EZ • Fiscal year 2025 • EIN 13-3835811

Jul 01, 2024 to Jun 30, 2025 • Filed on Aug 21, 2025

41 Eastern Parkway 9ABrooklyn, NY 11238

(212) 226-5109

Siviq Scores

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

Liabilities / Assets

69th percentile

0.02x

Higher debt load relative to assets than 69% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Net Margin

77th percentile

26%

Higher net margin than 77% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Top Officer Pay

79th percentile

$3,500

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 6.5% of source-year revenue.

2025 filings • NTEE A • <$500k nonprofits • Source year 2025

Asset Growth

56th percentile

9.4%

Faster asset growth than 56% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

12th percentile

-45%

Faster revenue growth than 12% of similar nonprofits.

2025 filings • NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$145,284

Up $12,451 (+9.4%) from 2024

Net Assets

Up

$142,515

Up $14,066 (+11%) from 2024

Liabilities

Down

$2,769

Down $1,615 (-37%) from 2024

Revenue

Down

$53,707

Down $44,187 (-45%) from 2024

Expenses

Down

$39,641

Down $41,020 (-51%) from 2024

Net Income

Down

$14,066

Down $3,167 (-18%) from 2024

Historical Trend

Balance Sheet Trend

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

2025

Assets$145,284
Liabilities$2,769
Net Assets$142,515

Operations Trend

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

2025

Revenue$53,707
Expenses$39,641
Net Income$14,066
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Aug 21, 2025
Return Version
2024v5.2
Gross Receipts
$53,707
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 began the fiscal year with rehearsals for a new work, Only an Expert, which premiered in September at the 2024 DanceNOW festival at Joes Pub in New York City. Her documentary feature length film, "Breaking Form," continued to screen throughout the country, winning best film at the Big Sky Film Festival, and audience favorite at the Sans Souci Film Festival. It traveled to the American Dance Festivals film festival in Durham, NC, Louisville, TN, Portugal, England, and San Franciscos Dance Film Festival where Jane, filmmaker and "Breaking Form" director Alexandra Nikolchev, and co-producer Leslie Cuyjet traveled to participate in the post screening talk. The film was shown at Lincoln Center again in April 2025 to a sold out audience. In the Q&As following these screenings, Jane taught the audiences the sign language version of the first verse of Amazing Grace which everyone sang and signed together. The film ends with footage of the company signing Amazing Grace, and audiences have loved doing it themselves. The company has joined with Cinema Guild to make the film available to educators throughout the country.-$29,769
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane ComfortArtistic DirectorPT$3,500-$3,500
Cynthia SvigalsSecretary-$0--
Lawton FittDirector-$0--
John ComfortDirector-$0--
Sukey WagnerPresident-$0--
Nancy FitzpatrickDirector-$0--
Adrian DohertyTreasurer-$0--
Don McCoyDirector-$0--
Filing and Contact Details

Filer

Filer Name
Racing Thoughts Inc
EIN
13-3835811
Phone
2122265109
Address
41 Eastern Parkway 9A, Brooklyn, NY 11238

Signing Officer

Name
Jane Comfort
Title
Artistic Director
Signed
2025-08-21
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

Honorarium $150

Other Expenses.1003

Information Technology $431

Other Expenses.1012

Insurance $1793

Other Expenses.1

Touring costs $3603

Other Expenses.2

Hospitality $2171

Other Expenses.3

Software $1855

Other Expenses.4

Penalties $1680

Other Expenses.5

Payroll service $1126

Other Expenses.6

Dues and memberships $689

Other Expenses.7

Bank and transaction fees $522

Other Expenses.8

Rehearsal space rental $160

Other Expenses.9

Local transportation $136

Other Expenses.10

Filing fees $75

Other Expenses.11

Miscellaneous $58

Other Expenses.12

Ticket purchase $49

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $4038 Prepaid Expenses and Deferred Charges - Ending $2573

Total Liabilities.1001

Accounts Payable and Accrued Expenses - Beginning $3954 Accounts Payable and Accrued Expenses - Ending $2335

Total Liabilities.1

- Beginning $0 - Ending $0

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Honorarium $150
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Information Technology $431
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Insurance $1793
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Touring costs $3603
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Hospitality $2171
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Jane Comfort
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Artistic Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-21
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ReturnHeader/ReturnTs02025-08-21T16:47:31-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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
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