Civic Intelligence

Racing Industry Charitable Foundation Inc.

990 • Fiscal year 2014 • EIN 36-3073230

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 08, 2015

Organization ProfileN/A

View Organization Page

8600 W North AvenueMelrose Park, IL 60160-1615

(708) 343-9375

Siviq Scores

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

Liabilities / Assets

61st percentile

0.11x

Higher debt load relative to assets than 61% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

67th percentile

0.13x

Higher debt load relative to revenue than 67% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

34th percentile

-1.9%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$82,093

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

33rd percentile

-2.5%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

38th percentile

-0.8%

Faster revenue growth than 38% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets61st percentile

Assets

Down

$911,847

Down $22,939 (-2.5%) from 2013

Net Assets

Down

$809,401

Down $14,988 (-1.8%) from 2013

Liabilities

Down

$102,446

Down $7,951 (-7.2%) from 2013

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin34th percentile

Revenue

Down

$772,001

Down $6,104 (-0.8%) from 2013

Expenses

Up

$786,989

Up $24,091 (+3.2%) from 2013

Net Income

Down

-$14,988

Down $30,195 (-199%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$1.0M$500K$0Assets 2013: $934,786Liabilities 2013: $110,397Net Assets 2013: $824,3892013Assets 2014: $911,847Liabilities 2014: $102,446Net Assets 2014: $809,4012014Assets 2015: $207,624Liabilities 2015: $96,396Net Assets 2015: $111,2282015Assets 2016: $211,487Liabilities 2016: $34,492Net Assets 2016: $176,9952016Assets 2017: $280,637Liabilities 2017: $123,285Net Assets 2017: $157,3522017Assets 2018: $137,372Liabilities 2018: $18,962Net Assets 2018: $118,4102018Assets 2019: $322,773Liabilities 2019: $125,799Net Assets 2019: $196,9742019Assets 2020: $389,682Liabilities 2020: $141,109Net Assets 2020: $248,5732020Assets 2021: $379,169Liabilities 2021: $99,607Net Assets 2021: $279,5622021Assets 2022: $345,384Liabilities 2022: $66,474Net Assets 2022: $278,9102022Assets 2023: $341,990Liabilities 2023: $29,602Net Assets 2023: $312,3882023Assets 2024: $351,226Liabilities 2024: $24,473Net Assets 2024: $326,7532024

Highlighted filing

2014

Assets$911,847
Liabilities$102,446
Net Assets$809,401
Open 2014 Filing

Operations Trend

Revenue Growth38th percentile

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

$1.0M$500K$0-$500KRevenue 2013: $778,105Expenses 2013: $762,898Net Income 2013: $15,2072013Revenue 2014: $772,001Expenses 2014: $786,989Net Income 2014: -$14,9882014Revenue 2015: $777,075Expenses 2015: $725,248Net Income 2015: $51,8272015Revenue 2016: $772,577Expenses 2016: $706,810Net Income 2016: $65,7672016Revenue 2017: $744,600Expenses 2017: $684,515Net Income 2017: $60,0852017Revenue 2018: $766,379Expenses 2018: $805,321Net Income 2018: -$38,9422018Revenue 2019: $868,740Expenses 2019: $790,176Net Income 2019: $78,5642019Revenue 2020: $776,494Expenses 2020: $724,895Net Income 2020: $51,5992020Revenue 2021: $771,214Expenses 2021: $740,225Net Income 2021: $30,9892021Revenue 2022: $766,664Expenses 2022: $767,316Net Income 2022: -$6522022Revenue 2023: $773,840Expenses 2023: $740,362Net Income 2023: $33,4782023Revenue 2024: $810,265Expenses 2024: $795,900Net Income 2024: $14,3652024

Highlighted filing

2014

Revenue$772,001
Expenses$786,989
Net Income-$14,988
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$772,001
Mission and Program Overview

Mission

Provide medical, dental, mental and social services to horse care workers at illinois race tracks

Provides medical, dental, mental and social services to horse care workers at illinois race tracks

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$852,780$844,757▼ $8,023
Prepaid Expenses and Deferred Charges$24,205$26,841▲ $2,636
Cash and Non-Interest-Bearing Accounts$33,519$22,455▼ $11,064
Land, Buildings, and Equipment, Net$24,282$17,794▼ $6,488
Total Assets$934,786$911,847▼ $22,939
Liabilities
Accounts Payable and Accrued Expenses$95,028$89,765▼ $5,263
Mortgage Notes Payable Secured by Investment Property$15,369$12,681▼ $2,688
Total Liabilities$110,397$102,446▼ $7,951
Net Assets / Fund Balance
Temporarily Rstr Net Assets$750,000$750,000→ $0
Unrestricted Net Assets$74,389$59,401▼ $14,988
Total Net Assets Fund Balance$824,389$809,401▼ $14,988
Total Liabilities and Net Assets / Fund Balance$934,786$911,847▼ $22,939

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$17,794$245,123$262,917
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Peggy GoetschExecutive DirectorFT$82,093$82,093

Board Members and Trustees

NameTitle
Jim MillerPresident (former)
Thomas CareyVice President
Brian ZanderBoard Member
Chris PolzinBoard Member
Randy OlechBoard Member
Tony PetrilloBoard Member
William H Johnston IiiSecretary
Jim StumpfTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$757,500
Program Service Revenue
$14,396
Investment Income
$105
Other Revenue
$0
All Other Contributions
$7,500
Change in Net Assets
$-14,988

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,001
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$772,001
Total Revenue per Form 990
$772,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$532,061
Other Expenses$254,928
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$292,655$34,665-$327,320
Fees for Services Other$114,307$400-$114,707
Other Employee Benefits$82,459$3,171-$85,630
Current Officers, Directors, Trustees, and Key Employees$68,576$13,517-$82,093
Payroll Taxes$31,345$5,673-$37,018
All Other Expenses$18,402$7,308-$25,710
Travel$2,964$8,173-$11,137
Office Expenses$9,607--$9,607
Fees for Services Accounting-$8,840-$8,840
Depreciation Depletion$1,810$4,678-$6,488
Other Expenses$14,288$5,846-$5,846
Information Technology$1,981--$1,981
Conferences and Meetings$1,854--$1,854
Advertising-$100-$100
Total Functional Expenses$693,298$93,691$0$786,989

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$786,989
Total Expenses per Audited Statements$786,989
Total Expenses per Form 990$786,989
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A draft of the form 990 was reviewed by the organization president and executive director to ensure it was complete and accurate.”

Form 990, Part VI, Section B, Line 12C

“The racing industry charitable foundation, inc. "conflict of interest policy" enforcement is dictated by its by-laws, which is subject to frequent review.”

Form 990, Part VI, Section B, Line 15A

“The executive director's compensation is based on the following areas: educational and licensing requirements for health/human service administrators, years of administrative and clinical job experience in the health and human service field, and years of employment.”

Form 990, Part VI, Section C, Line 19

“The racing industry charitable foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Racing Industry Charitable Foundation Inc
EIN
36-3073230
Phone
7083439375
Address
8600 W NORTH AVENUE, MELROSE PARK, IL 60160-1615

Signing Officer

Name
Ken Kiehn
Title
President
Phone
7083439375
Signed
2015-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Kiehn
Formed
1979
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
9
Employees
14
Volunteers
40

Preparer

Firm
MCDONALD DOHERTY & CO CPA'S
Address
22285 PEPPER RD 305, LAKE BARRINGTON, IL 60010
Preparer
Timothy J Mcdonald CPA Cfp
Phone
8478425200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Medical, dental and social service contractors: program service expenses 114,307. Management and general expenses 0. Fundraising expenses 0. Total expenses 114,307. Licence: program service expenses 0. Management and general expenses 400. Fundraising expenses 0. Total expenses 400.”

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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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0778002
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0796788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0770895
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0788269
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IRS990ScheduleA/PublicSupportPY170Pct00.99930
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0770895
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0788269
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03905850
IRS990ScheduleA/TotalSupportAmt03908513
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt017794
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0245123
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0262917
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0786989
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0772001
IRS990ScheduleD/TotalBookValueLandBuildingsAmt017794
IRS990ScheduleD/TotalExpensesPerForm990Amt0786989
IRS990ScheduleD/TotalRevenuePerForm990Amt0772001
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0772001
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0786989
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 WAS REVIEWED BY THE ORGANIZATION PRESIDENT AND EXECUTIVE DIRECTOR TO ENSURE IT WAS COMPLETE AND ACCURATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RACING INDUSTRY CHARITABLE FOUNDATION, INC. "CONFLICT OF INTEREST POLICY" ENFORCEMENT IS DICTATED BY ITS BY-LAWS, WHICH IS SUBJECT TO FREQUENT REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S COMPENSATION IS BASED ON THE FOLLOWING AREAS: EDUCATIONAL AND LICENSING REQUIREMENTS FOR HEALTH/HUMAN SERVICE ADMINISTRATORS, YEARS OF ADMINISTRATIVE AND CLINICAL JOB EXPERIENCE IN THE HEALTH AND HUMAN SERVICE FIELD, AND YEARS OF EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE RACING INDUSTRY CHARITABLE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEDICAL, DENTAL AND SOCIAL SERVICE CONTRACTORS: PROGRAM SERVICE EXPENSES 114,307. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 114,307. LICENCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 400. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 400.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalContributionsAmt0757500
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0693298
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt0110397
IRS990/TotalLiabilitiesGrp/EOYAmt0102446
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IRS990/TravelGrp/ProgramServicesAmt02964
IRS990/TravelGrp/TotalAmt011137
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt074389
IRS990/UnrestrictedNetAssetsGrp/EOYAmt059401
IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd0601601615
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEN KIEHN
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060010
ReturnHeader/PreparerPersonGrp/PhoneNum08478425200

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$911,847
Liabilities
$102,446
Net assets
$809,401
Revenue
$772,001
Expenses
$786,989
Net income
-$14,988
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.24$3.27$8.10$7.96$0.14
2023Detailed filing. Detailed filing data is available for this year.$3.42$0.30$3.12$7.74$7.40$0.33
2022Detailed filing. Detailed filing data is available for this year.$3.45$0.66$2.79$7.67$7.67$0.01
2021Detailed filing. Detailed filing data is available for this year.$3.79$1.00$2.80$7.71$7.40$0.31
2020Detailed filing. Detailed filing data is available for this year.$3.90$1.41$2.49$7.76$7.25$0.52
2019Detailed filing. Detailed filing data is available for this year.$3.23$1.26$1.97$8.69$7.90$0.79
2018Detailed filing. Detailed filing data is available for this year.$1.37$0.19$1.18$7.66$8.05$0.39
2017Detailed filing. Detailed filing data is available for this year.$2.81$1.23$1.57$7.45$6.85$0.60
2016Detailed filing. Detailed filing data is available for this year.$2.11$0.34$1.77$7.73$7.07$0.66
2015Detailed filing. Detailed filing data is available for this year.$2.08$0.96$1.11$7.77$7.25$0.52
2014Detailed filing. Detailed filing data is available for this year.$9.12$1.02$8.09$7.72$7.87$0.15
2013Detailed filing. Detailed filing data is available for this year.$9.35$1.10$8.24$7.78$7.63$0.15