Civic Intelligence

Racing4Vets Inc

EIN 46-0836536 • 501(c)3 • Cincinnati, OH

Profile

Racing4vets helps service-disabled u.s. Military veterans rehabilitate and develop career skills through automotive activities. We serve veterans and their families dealing with service-related injuries such as ptsd, traumatic brain injury and physical injury. We offer therapy, career training, and competition.

300 E-business WayCincinnati, OH 45241

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

63rd percentile

0.00x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

64th percentile

0.00x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

18th percentile

-35%

Higher net margin than 18% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

23rd percentile

-40%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

22nd percentile

-42%

Faster revenue growth than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$36,631

Down $24,267 (-40%) from 2016

Liabilities

Down

$104

Down $1,117 (-91%) from 2016

Net Assets

Down

$36,527

Down $23,150 (-39%) from 2016

Revenue

Down

$94,588

Down $67,435 (-42%) from 2016

Expenses

Down

$127,538

Down $6,599 (-4.9%) from 2016

Net Income

Down

-$32,950

Down $60,836 (-218%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0-$20KAssets 2012: $610Liabilities 2012: $7,280Net Assets 2012: -$6,6702012Assets 2013: $9,482Liabilities 2013: $15,055Net Assets 2013: -$5,5722013Assets 2014: $16,681Liabilities 2014: $691Net Assets 2014: $15,9902014Assets 2015: $45,154Liabilities 2015: $1,221Net Assets 2015: $43,9332015Assets 2016: $60,898Liabilities 2016: $1,221Net Assets 2016: $59,6772016Assets 2017: $36,631Liabilities 2017: $104Net Assets 2017: $36,5272017

Highlighted filing

2017

Assets$36,631
Liabilities$104
Net Assets$36,527

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2012: $610Expenses 2012: $7,280Net Income 2012: -$6,6702012Revenue 2013: $21,295Expenses 2013: $24,606Net Income 2013: -$3,3112013Revenue 2014: $56,119Expenses 2014: $34,557Net Income 2014: $21,5622014Revenue 2015: $111,898Expenses 2015: $83,955Net Income 2015: $27,9432015Revenue 2016: $162,023Expenses 2016: $134,137Net Income 2016: $27,8862016Revenue 2017: $94,588Expenses 2017: $127,538Net Income 2017: -$32,9502017

Highlighted filing

2017

Revenue$94,588
Expenses$127,538
Net Income-$32,950

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 15, 2018
Return Version
2017v2.2
Gross Receipts
$94,588
Mission and Program Overview

Mission

Racing4vets helps service-disabled u.s. Military veterans rehabilitate and develop career skills through automotive activities. We serve veterans and their families dealing with service-related injuries such as ptsd, traumatic brain injury and physical injury. We offer therapy, career training, and competition.

Racing4vets helps service-disabled u.s. Military veterans rehabilitate and develop career skills through automotive activities. We serve veterans and their

Program Services

DescriptionGrantsExpenses
Mechanical go-kart building and competition program for service-disabled Veterans. The Veterans build and maintain their own karts and compete in them. They have team meetings, kart maintenance courses and community outreach to attract other Veterans and organizations to participate.-$15,988
Partnership with Cincinnati-Fort Thomas KY Veterans Administration National PTSD and TBI Center, offering indoor go-karting as occupational therapy to VA Veteran patients. Over 400 service-disabled Veterans have participated in this occupational therapy program since 2012.--
Automotive career training, education and competition program for service-disabled Veterans in Tampa, Florida. The program is run by service-disabled Veterans in partnership with local businesses that provide material support, training and transportation. The Veterans run their own automotive shop, build and repair vehicles, obtain donations, conduct business and community outreach, and compete in automotive shows and competition events.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHN VANNDirector, PresidentPT$0--
KERIN BANFIELDDirector-$0--
PHARA MCLACHLANDirector-$0--
Filing and Contact Details

Filer

Filer Name
Racing4vets Inc
EIN
46-0836536
Phone
6469180690
Address
300 E-BUSINESS WAY, CINCINNATI, OH 45241

Signing Officer

Name
John Vann
Title
President
Phone
6469180690
Signed
2018-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Mackey Advisors
Address
601 Fairfield Avenue, Bellevue, KY 41073
Preparer
Thomas G Ferkinhoff CPA
Phone
8593317755
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 8

Sponsorship revenue 8965.

Form 990EZ, Part I, Line 16

ADVERTING 2333.

Form 990EZ, Part I, Line 16

BANK CHARGES 532.

Form 990EZ, Part I, Line 16

INSURANCE 1056.

Form 990EZ, Part I, Line 16

OFFICE EXPENSES 3136.

Form 990EZ, Part I, Line 16

MISC 11027.

Form 990EZ, Part I, Line 16

TAXES & LICENSES 204.

Form 990EZ, Part I, Line 16

EVENTS EXPENSE 34740.

Form 990EZ, Part I, Line 16

SHOP EXPENSES 3347.

Form 990EZ, Part I, Line 16

Meals & entertainment 1993.

Form 990EZ, Part I, Line 16

TRAVEL 10060.

Form 990EZ, Part I, Line 16

Depreciation 13378.

Form 990EZ, Part I, Line 20

Change in prior year fixed assets 9800.

Form 990EZ, Part II, Line 24

Equipment net of depreciation 36193. 22814.

Form 990EZ, Part II, Line 26

Unreimbursed expenses 1221. 104.

Raw XML Appendix180 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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Mechanical go-kart building and competition program for service-disabled Veterans. The Veterans build and maintain their own karts and compete in them. They have team meetings, kart maintenance courses and community outreach to attract other Veterans and organizations to participate.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2Automotive career training, education and competition program for service-disabled Veterans in Tampa, Florida. The program is run by service-disabled Veterans in partnership with local businesses that provide material support, training and transportation. The Veterans run their own automotive shop, build and repair vehicles, obtain donations, conduct business and community outreach, and compete in automotive shows and competition events.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SPONSORSHIP REVENUE 8965.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BANK CHARGES 532.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INSURANCE 1056.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICE EXPENSES 3136.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISC 11027.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part I, Line 16
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN VANN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06469180690
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACING4VETS INC
ReturnHeader/Filer/BusinessNameControlTxt0RACI
ReturnHeader/Filer/EIN0460836536
ReturnHeader/Filer/PhoneNum06469180690
ReturnHeader/Filer/USAddress/AddressLine1Txt0300 E-BUSINESS WAY
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.196.253.214
ReturnHeader/FilingSecurityInformation/IPDt02018-08-16
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ReturnHeader/FilingSecurityInformation/IPTm006:34:39
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0601 Fairfield Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Bellevue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0KY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd041073
ReturnHeader/PreparerPersonGrp/PhoneNum08593317755
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS G FERKINHOFF CPA
ReturnHeader/ReturnTs02018-08-16T06:34:49-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits