Civic Intelligence

Racing Industry Charitable Foundation Inc.

990 • Fiscal year 2016 • EIN 36-3073230

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 08, 2017

Organization ProfileN/A

View Organization Page

3501 S Laramie AveCicero, IL 60804

(708) 343-9375

Siviq Scores

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

Liabilities / Assets

68th percentile

0.16x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

52nd percentile

0.04x

Higher debt load relative to revenue than 52% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

63rd percentile

8.5%

Higher net margin than 63% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

51st percentile

1.9%

Faster asset growth than 51% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

41st percentile

-0.6%

Faster revenue growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$211,487

Up $3,863 (+1.9%) from 2015

Net Assets

Up

$176,995

Up $65,767 (+59%) from 2015

Liabilities

Down

$34,492

Down $61,904 (-64%) from 2015

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin63rd percentile

Revenue

Down

$772,577

Down $4,498 (-0.6%) from 2015

Expenses

Down

$706,810

Down $18,438 (-2.5%) from 2015

Net Income

Up

$65,767

Up $13,940 (+27%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2016

Assets$211,487
Liabilities$34,492
Net Assets$176,995
Open 2016 Filing

Operations Trend

Revenue Growth41st 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

2016

Revenue$772,577
Expenses$706,810
Net Income$65,767
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 8, 2017
Return Version
2016v3.0
Gross Receipts
$772,577
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
Cash and Non-Interest-Bearing Accounts$55,095$168,834▲ $113,739
Savings and Temporary Cash Investments$113,255--
Prepaid Expenses and Deferred Charges$26,818$36,622▲ $9,804
Land, Buildings, and Equipment, Net$12,456$6,031▼ $6,425
Total Assets$207,624$211,487▲ $3,863
Liabilities
Accounts Payable and Accrued Expenses$86,670$28,014▼ $58,656
Mortgage Notes Payable Secured by Investment Property$9,726$6,478▼ $3,248
Total Liabilities$96,396$34,492▼ $61,904
Net Assets / Fund Balance
Unrestricted Net Assets$111,228$176,995▲ $65,767
Total Net Assets Fund Balance$111,228$176,995▲ $65,767
Total Liabilities and Net Assets / Fund Balance$207,624$211,487▲ $3,863

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,195$257,722$262,917
Other Land Buildings$836$418$1,254
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Ken KiehnPresident
Thomas CareyVice President
Brian ZanderDirector
Tony PetrilloDirector
Jim StumpfSecretary
Jim MillerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$764,200
Program Service Revenue
$8,264
Investment Income
$113
Other Revenue
$0
All Other Contributions
$14,200
Change in Net Assets
$65,767

Audited Revenue Reconciliation

Revenue per Audited Statements
$772,577
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$772,577
Total Revenue per Form 990
$772,577
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$461,036
Other Expenses$245,774
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$253,386$54,277-$307,663
Fees for Services Legal-$74,308-$74,308
Other Employee Benefits$67,638$2,210-$69,848
Current Officers, Directors, Trustees, and Key Employees$59,454--$59,454
Fees for Services Other$59,330--$59,330
All Other Expenses$24,117$12,081-$36,198
Payroll Taxes$21,008$3,063-$24,071
Other Expenses$11,443$8,225-$8,225
Depreciation Depletion$1,747$4,678-$6,425
Total Functional Expenses$547,734$159,076$0$706,810

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$706,810
Total Expenses per Audited Statements$706,810
Total Expenses per Form 990$706,810
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
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 11B

“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
EIN
36-3073230
Phone
7083439375
Address
3501 S LARAMIE AVE, CICERO, IL 60804

Signing Officer

Name
Ken Kiehn
Title
President
Phone
7083439375
Signed
2017-08-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ken Kiehn
Formed
1979
Legal Domicile
Il
Voting Board Members
6
Independent Board Members
6
Employees
16
Volunteers
0

Preparer

Firm
MCDONALD DOHERTY & CO CPA'S
Address
22285 PEPPER RD 305, LAKE BARRINGTON, IL 60010
Preparer
Timothy J Mcdonald CPA Cfp
Phone
8478425200
Raw XML Appendix378 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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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0772577
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06031
IRS990ScheduleD/TotalExpensesPerForm990Amt0706810
IRS990ScheduleD/TotalRevenuePerForm990Amt0772577
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0772577
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0706810
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0211487
IRS990/TotalAssetsGrp/BOYAmt0207624
IRS990/TotalAssetsGrp/EOYAmt0211487
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0764200
IRS990/TotalEmployeeCnt016
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0159076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0547734
IRS990/TotalFunctionalExpensesGrp/TotalAmt0706810
IRS990/TotalGrossUBIAmt08377
IRS990/TotalLiabilitiesBOYAmt096396
IRS990/TotalLiabilitiesEOYAmt034492
IRS990/TotalLiabilitiesGrp/BOYAmt096396
IRS990/TotalLiabilitiesGrp/EOYAmt034492
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0111228
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0176995
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0547734
IRS990/TotalProgramServiceRevenueAmt08264
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0772577
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt08377
IRS990/TotalVolunteersCnt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0211487
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IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0176995
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IRS990/USAddress/ZIPCd060804
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACING INDUSTRY CHARITABLE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
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ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm013:02:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0363608693
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ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY J MCDONALD CPA CFP
ReturnHeader/ReturnTs02017-08-31T09:54:32-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$211,487
Liabilities
$34,492
Net assets
$176,995
Revenue
$772,577
Expenses
$706,810
Net income
$65,767
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