Civic Intelligence

Fifty Plus Racing Foundation Inc.

990 • Fiscal year 2016 • EIN 46-1279633

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 27, 2017

Organization ProfileFiftyplusracing.com
801 Broad Street Suite 200Chattanooga, TN 37421

(423) 424-1845

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

96th percentile

276%

Faster asset growth than 96% of similar nonprofits.

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

Revenue Growth

53rd percentile

2.2%

Faster revenue growth than 53% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$172,472

Up $126,639 (+276%) from 2015

Net Assets

Up

$172,472

Up $259,039 (+299%) from 2015

Liabilities

Down

$0

Down $132,400 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin98th percentile

Revenue

Up

$278,872

Up $6,000 (+2.2%) from 2015

Expenses

Down

$19,833

Down $311,716 (-94%) from 2015

Net Income

Up

$259,039

Up $317,716 (+541%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2013: $89,278Liabilities 2013: $67,105Net Assets 2013: $22,1732013Assets 2014: $9,861Liabilities 2014: $37,440Net Assets 2014: -$27,5792014Assets 2015: $45,833Liabilities 2015: $132,400Net Assets 2015: -$86,5672015Assets 2016: $172,472Liabilities 2016: $0Net Assets 2016: $172,4722016Assets 2017: $77,282Liabilities 2017: $0Net Assets 2017: $77,2822017Assets 2018: $77,173Liabilities 2018: $0Net Assets 2018: $77,1732018Assets 2019: $28,763Liabilities 2019: $860Net Assets 2019: $27,9032019Assets 2020: $33,202Liabilities 2020: $1,496Net Assets 2020: $31,7062020Assets 2021: $669,461Liabilities 2021: $2,010,000Net Assets 2021: -$1,340,5392021Assets 2022: $513,884Liabilities 2022: $1,676,043Net Assets 2022: -$1,162,1592022Assets 2023: $322,505Liabilities 2023: $1,650,031Net Assets 2023: -$1,327,5262023Assets 2024: $298,161Liabilities 2024: $1,357,860Net Assets 2024: -$1,059,6992024

Highlighted filing

2016

Assets$172,472
Liabilities$0
Net Assets$172,472
Open 2016 Filing

Operations Trend

Revenue Growth53rd percentile

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

$500K$0-$500K-$1.0M-$1.5MRevenue 2013: $98,868Expenses 2013: $87,126Net Income 2013: $11,7422013Revenue 2014: $337,940Expenses 2014: $387,692Net Income 2014: -$49,7522014Revenue 2015: $272,872Expenses 2015: $331,549Net Income 2015: -$58,6772015Revenue 2016: $278,872Expenses 2016: $19,833Net Income 2016: $259,0392016Revenue 2017: $9,666Expenses 2017: $104,856Net Income 2017: -$95,1902017Revenue 2018: $1,805Expenses 2018: $1,394Net Income 2018: $4112018Revenue 2019: -$47,461Expenses 2019: $1,809Net Income 2019: -$49,2702019Revenue 2020: $9,181Expenses 2020: $5,378Net Income 2020: $3,8032020Revenue 2021: -$1,326,139Expenses 2021: $46,743Net Income 2021: -$1,372,8822021Revenue 2022: $429,786Expenses 2022: $251,406Net Income 2022: $178,3802022Revenue 2023: $97,330Expenses 2023: $262,697Net Income 2023: -$165,3672023Revenue 2024: $370,114Expenses 2024: $168,186Net Income 2024: $201,9282024

Highlighted filing

2016

Revenue$278,872
Expenses$19,833
Net Income$259,039
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$279,504
Mission and Program Overview

Mission

Engaging in the promotion of public awareness and education of improved methods in the diagnosis, treatment and cure of alzheimer's disease and other dementia disorders.

Engaging in the promotion of public awareness and education of improved methods in the diagnosis, treatment and cure of Alzheimers disease and other dementia disorders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$45,833$172,472▲ $126,639
Rtn Earn Endowment Incm Other Fnds$-86,567$172,472▲ $259,039
Loans From Officers Directors$129,138--
Total Assets$45,833$172,472▲ $126,639
Liabilities
Accounts Payable and Accrued Expenses$3,262--
Total Liabilities$132,400$0▼ $132,400
Net Assets / Fund Balance
Total Net Assets Fund Balance$-86,567$172,472▲ $259,039
Total Liabilities and Net Assets / Fund Balance$45,833$172,472▲ $126,639
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
P Byron DeFoorPresident
Barrt RaySecretary
Craig TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,978
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$129,894
All Other Contributions
$44,402
Change in Net Assets
$259,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Total Fundraising Expense$11,174
Professional Fundraising Fees$9,972
Other Expenses$5,861
Grants and Similar Amounts Paid$4,000
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Professional Fundraising--$9,972$9,972
Grants to Domestic Individuals$4,000--$4,000
Fees for Services Legal$1,738--$1,738
Other Expenses$855-$1,202$1,202
Fees for Services Accounting$925--$925
Advertising$756--$756
Office Expenses$385--$385
Total Functional Expenses$8,659$0$11,174$19,833
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,972

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Rolex$98,000$98,000-$98,000
Alzheimers$19,129$-25,273-$-25,273
Total Events$117,129$72,727-$72,727
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$129,138--
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
No
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

Officer directors etc family relationship Part VI line 2

“Shareholders are all members of the same company.”

Form 990 governing body review Part VI line 11

“Form 990 was reviewed by the board before filing.”

Governing documents etc available to public Part VI line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fifty Plus Racing Foundation Inc
EIN
46-1279633
Address
801 Broad Street Suite 200, Chattanooga, TN 37421

Signing Officer

Name
Craig Taylor
Title
Treasurer
Phone
4234241845
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
P Byron DeFoor
Formed
2012
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Dowis & Boyd CPAS PC
Address
7047 Lee Highway Suite 304, Chattanooga, TN 37421
Preparer
Angela Dowis CPA
Phone
4238923831
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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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ReturnHeader/BusinessOfficerGrp/PersonNm0Craig Taylor
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum04234241845
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Fifty Plus Racing Foundation Inc
ReturnHeader/Filer/BusinessNameControlTxt0FIFT
ReturnHeader/Filer/EIN0461279633
ReturnHeader/Filer/USAddress/AddressLine1Txt0801 Broad Street Suite 200
ReturnHeader/Filer/USAddress/CityNm0Chattanooga
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037421
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId056F344BE4BDD591C9BAC72E8F4E29D53DDB966A9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId056F344BE4BDD591C9BAC72E8F4E29D53DDB966A9
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06213612017277fwj2gbz
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-10-04
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt023.251.90.176
ReturnHeader/FilingSecurityInformation/IPDt02017-10-04
ReturnHeader/FilingSecurityInformation/IPTm010:14:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621584064
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Dowis & Boyd CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07047 Lee Highway Suite 304
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Chattanooga
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037421
ReturnHeader/PreparerPersonGrp/PhoneNum04238923831
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Angela Dowis CPA
ReturnHeader/ReturnTs02017-09-28T16:33:51-04:00
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
$172,472
Liabilities
$0
Net assets
$172,472
Revenue
$278,872
Expenses
$19,833
Net income
$259,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$1.36$1.06$0.37$0.17$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.32$1.65$1.33$0.10$0.26$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.51$1.68$1.16$0.43$0.25$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.67$2.01$1.34$1.33$0.05$1.37
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.05$0.00$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.01$0.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.28$0.02$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.13$0.09$0.27$0.33$0.06
2014Summary only. Only limited summary data is available for this year.$0.01$0.04$0.03$0.34$0.39$0.05
2013Summary only. Only limited summary data is available for this year.$0.09$0.07$0.02$0.10$0.09$0.01