Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.12x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 226.9% of source-year revenue.
Asset Growth
17th percentile
Faster asset growth than 17% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Balance Sheet
Assets
Down$168,323
Down $52,018 (-24%) from 2020
Net Assets
Down$148,121
Down $72,220 (-33%) from 2020
Liabilities
$20,202
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Down$3,966
Down $29,758 (-88%) from 2020
Expenses
Down$76,186
Down $79,082 (-51%) from 2020
Net Income
Up-$72,220
Up $49,324 (+41%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2021 to Dec 31, 2021
- Signed
- Apr 18, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $3,966
Mission and Program Overview
Mission
Advocating and empowering access to life saving heart defibrillators (AEDs) in our schools and our communities.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Providing AED and AED education in School Districts, Police Departments and small service centers | $72,035 | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| LISA BERNARD | Treasurer | PT | $9,000 | - | $9,000 |
| STEPHANIE MARTINSON | President | PT | $0 | - | - |
| ANNE CRIBBS | Board Member | - | $0 | - | - |
| CINDY CHANG | Board Member | - | $0 | - | - |
| JOHN GOLDMAN | Board Member | - | $0 | - | - |
| CHRISTINE AUGUSTINE | Board Member | - | $0 | - | - |
| SHARI SHOENFELD MEYERS | Board Member | - | $0 | - | - |
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
- 2022-04-18
- 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.1002
“Office Expenses $453”
Other Expenses.1010
“Amortization $184”
Other Expenses.1012
“Insurance $1500”
Other Expenses.1
“Cogs-direct expense $61806”
Other Assets.1003
“Machinery and Equipment - Beginning $-3817 Machinery and Equipment - Ending $-2231”
Other Assets.1005
“Accounts Receivable - Beginning $0 Accounts Receivable - Ending $575”
Other Assets.1011
“Prepaid Expenses and Deferred Charges - Beginning $18070 Prepaid Expenses and Deferred Charges - Ending $0”
Other Assets.1012
“Intangible Assets - Beginning $1840 Intangible Assets - Ending $1656”
Total Liabilities.1001
“Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $20202”
Raw XML Appendix170 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/BenefitsPaidToOrForMembersAmt | 0 | 261 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LISA BERNARD |
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| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1117 CORVALLIS DRIVE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SAN JOSE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 95120 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 204248 |
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| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 3966 |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -72220 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2982 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
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| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 168323 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 3966 |
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| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
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| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
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| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 148121 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 220341 |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 9000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | STEPHANIE MARTINSON |
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| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | ANNE CRIBBS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | CINDY CHANG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JOHN GOLDMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | CHRISTINE AUGUSTINE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | SHARI SHOENFELD MEYERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 16093 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 63943 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Advocating and empowering access to life saving heart defibrillators (AEDs) in our schools and our communities. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Providing AED and AED education in School Districts, Police Departments and small service centers |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 72035 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 9000 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 20202 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 76186 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 72035 |
| IRS990EZ/TotalRevenueAmt | 0 | 3966 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | RACINGHEARTS.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 4037 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33724 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 72089 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 44092 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 127480 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 281422 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 281422 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 4037 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 33724 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 72089 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 44092 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 127480 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 281422 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 281422 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $453 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Amortization $184 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Insurance $1500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | COGS-DIRECT EXPENSE $61806 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Machinery and Equipment - Beginning $-3817 Machinery and Equipment - Ending $-2231 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Accounts Receivable - Beginning $0 Accounts Receivable - Ending $575 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | Prepaid Expenses and Deferred Charges - Beginning $18070 Prepaid Expenses and Deferred Charges - Ending $0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | Intangible Assets - Beginning $1840 Intangible Assets - Ending $1656 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | Accounts Payable and Accrued Expenses - Beginning $0 Accounts Payable and Accrued Expenses - Ending $20202 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1010 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Assets.1011 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Assets.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Total Liabilities.1001 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd | 0 | FAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | STEPHANIE MARTINSON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Executive Dir. |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-18 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | RACING HEARTS |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | RACI |
| ReturnHeader/Filer/EIN | 0 | 455271941 |
| ReturnHeader/Filer/PhoneNum | 0 | 6503084183 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4123 PARK BLVD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PALO ALTO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 94306 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 770052454 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | R Wood & Associates Inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO Box 20488 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | San Jose |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | CA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 95160 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4089783833 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | D WOOD LEBOVITZ |
| ReturnHeader/ReturnTs | 0 | 2022-04-18T16:33:23-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | STEPHANIE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MARTINSON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-12-31 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $168,323
- Liabilities
- $20,202
- Net assets
- $148,121
- Revenue
- $3,966
- Expenses
- $76,186
- Net income
- -$72,220