Civic Intelligence

Racing Hearts

990EZ • Fiscal year 2020 • EIN 45-5271941

Jan 01, 2020 to Dec 31, 2020 • Filed on Apr 08, 2021

Organization ProfileRACINGHEARTS.ORG
4123 Park BlvdPalo Alto, CA 94306

(650) 308-4183

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2020

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2020

Net Margin

3rd percentile

-360%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$15,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 44.5% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-36%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-60%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$220,341

Down $121,544 (-36%) from 2019

Net Assets

Down

$220,341

Down $121,544 (-36%) from 2019

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin3rd percentile

Revenue

Down

$33,724

Down $51,302 (-60%) from 2019

Expenses

Up

$155,268

Up $93,686 (+152%) from 2019

Net Income

Down

-$121,544

Down $144,988 (-618%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$600K$400K$200K$0Assets 2013: $36,661Liabilities 2013: $4,965Net Assets 2013: $31,6962013Assets 2014: $89,918Liabilities 2014: $0Net Assets 2014: $89,9182014Assets 2015: $153,642Liabilities 2015: $15,425Net Assets 2015: $138,2172015Assets 2016: $228,366Liabilities 2016: $8,366Net Assets 2016: $220,0002016Assets 2017: $545,509Liabilities 2017: $220,912Net Assets 2017: $324,5972017Assets 2018: $457,812Liabilities 2018: $139,371Net Assets 2018: $318,4412018Assets 2019: $341,885Net Assets 2019: $341,8852019Assets 2020: $220,341Net Assets 2020: $220,3412020Assets 2021: $168,323Liabilities 2021: $20,202Net Assets 2021: $148,1212021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2020

Assets$220,341
Liabilities-
Net Assets$220,341
Open 2020 Filing

Operations Trend

Revenue Growth17th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2013: $41,619Expenses 2013: $15,357Net Income 2013: $26,2622013Revenue 2014: $177,913Expenses 2014: $119,691Net Income 2014: $58,2222014Revenue 2015: $153,276Expenses 2015: $104,977Net Income 2015: $48,2992015Revenue 2016: $190,746Expenses 2016: $108,963Net Income 2016: $81,7832016Revenue 2017: $217,734Expenses 2017: $113,137Net Income 2017: $104,5972017Revenue 2018: $52,236Expenses 2018: $58,392Net Income 2018: -$6,1562018Revenue 2019: $85,026Expenses 2019: $61,582Net Income 2019: $23,4442019Revenue 2020: $33,724Expenses 2020: $155,268Net Income 2020: -$121,5442020Revenue 2021: $3,966Expenses 2021: $76,186Net Income 2021: -$72,2202021Revenue 2022: $1,765Expenses 2022: $149,702Net Income 2022: -$147,9372022

Highlighted filing

2020

Revenue$33,724
Expenses$155,268
Net Income-$121,544
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Apr 8, 2021
Return Version
2020v4.0
Gross Receipts
$36,670
Mission and Program Overview

Mission

Advocating and empowering access to life saving heart defibrillators (AEDs) in our schools and our communities.

Program Services

DescriptionGrantsExpenses
Providing AED and AED education in School Districts, Police Departments and small service centers$29,170-
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
LISA BERNARDTreasurerPT$15,000-$15,000
STEPHANIE MARTINSONPresidentPT$6,000-$6,000
ANNE CRIBBSBoard Member-$0--
CINDY CHANGBoard Member-$0--
JOHN GOLDMANBoard Member-$0--
CHRISTINE AUGUSTINEBoard Member-$0--
SHARI SHOENFELD MEYERSBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Heart Race and Wellness Event$26,465$26,465$2,946$23,519
Total Events$26,465$26,465$2,946$23,519
Filing and Contact Details

Filer

Filer Name
Racing Hearts
EIN
45-5271941
Phone
6503084183
Address
4123 PARK BLVD, PALO ALTO, CA 94306

Signing Officer

Name
Stephanie Martinson
Title
Executive Director
Signed
2021-04-08
Discuss with paid preparer
Yes

Preparer

Firm
R Wood & Associates Inc
Address
PO Box 20488, San Jose, CA 95160
Preparer
D Wood Lebovitz
Phone
4089783833
Supplemental Narrative

Additional Explanations

Other Expenses.1001

“Advertising and Promotion $812”

Other Expenses.1002

“Office Expenses $953”

Other Expenses.1010

“Amortization $184”

Other Expenses.1012

“Insurance $1500”

Other Expenses.1

“Cogs-direct expense $125897”

Other Assets.1003

“Machinery and Equipment - Beginning $2319 Machinery and Equipment - Ending $-3817”

Other Assets.1011

“Prepaid Expenses and Deferred Charges - Beginning $18746 Prepaid Expenses and Deferred Charges - Ending $18070”

Other Assets.1012

“Intangible Assets - Beginning $2024 Intangible Assets - Ending $1840”

Raw XML Appendix178 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/CompensationAmt50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt60
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0STEPHANIE MARTINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LISA BERNARD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2ANNE CRIBBS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CINDY CHANG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4JOHN GOLDMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5CHRISTINE AUGUSTINE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6SHARI SHOENFELD MEYERS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6BOARD MEMBER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt023089
IRS990EZ/OtherAssetsTotalDetail/EOYAmt016093
IRS990EZ/OtherExpensesTotalAmt0129346
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Advocating and empowering access to life saving heart defibrillators (AEDs) in our schools and our communities.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Providing AED and AED education in School Districts, Police Departments and small service centers
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt029170
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt021000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt02946
IRS990EZ/SpecialEventsNetIncomeLossAmt023519
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0155268
IRS990EZ/TotalProgramServiceExpensesAmt029170
IRS990EZ/TotalRevenueAmt033724
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0RACINGHEARTS.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt033724
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt072089
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt044092
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0127480
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0124496
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0401881
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0124496
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0401881
IRS990ScheduleA/TotalSupportAmt0401881
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt02946
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HEART RACE AND WELLNESS EVENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt026465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt026465
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt026465
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02946
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02946
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0WELLNESS EVENT AND HEART RACE
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I, Line 2b - Fundraiser Additional Information
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $812
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $953
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Amortization $184
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Insurance $1500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COGS-DIRECT EXPENSE $125897
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Machinery and Equipment - Beginning $2319 Machinery and Equipment - Ending $-3817
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Prepaid Expenses and Deferred Charges - Beginning $18746 Prepaid Expenses and Deferred Charges - Ending $18070
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Intangible Assets - Beginning $2024 Intangible Assets - Ending $1840
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0STEPHANIE MARTINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Dir.
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACING HEARTS
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0455271941
ReturnHeader/Filer/PhoneNum06503084183
ReturnHeader/Filer/USAddress/AddressLine1Txt04123 PARK BLVD
ReturnHeader/Filer/USAddress/CityNm0PALO ALTO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094306
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0770052454
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0R Wood & Associates Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 20488
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Jose
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd095160
ReturnHeader/PreparerPersonGrp/PhoneNum04089783833
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0D WOOD LEBOVITZ
ReturnHeader/ReturnTs02021-04-08T13:25:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0STEPHANIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTINSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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
$220,341
Liabilities
-
Net assets
$220,341
Revenue
$33,724
Expenses
$155,268
Net income
-$121,544
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.02$1.50$1.48
2021Detailed filing. Detailed filing data is available for this year.$1.68$0.20$1.48$0.04$0.76$0.72
2020Detailed filing. Detailed filing data is available for this year.$2.20$2.20$0.34$1.55$1.22
2019Detailed filing. Detailed filing data is available for this year.$3.42$3.42$0.85$0.62$0.23
2018Detailed filing. Detailed filing data is available for this year.$4.58$1.39$3.18$0.52$0.58$0.06
2017Detailed filing. Detailed filing data is available for this year.$5.46$2.21$3.25$2.18$1.13$1.05
2016Detailed filing. Detailed filing data is available for this year.$2.28$0.08$2.20$1.91$1.09$0.82
2015Detailed filing. Detailed filing data is available for this year.$1.54$0.15$1.38$1.53$1.05$0.48
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$1.78$1.20$0.58
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.05$0.32$0.42$0.15$0.26