Civic Intelligence

Unlimited Race Class Inc

EIN 47-4944279 • 501(c)7 • Templeton, CA

Profile

Promote unlimited air racing group, train new pilots, manage air racing aircraft numbers, and act as intermediary between air race venues and racing groups

1850 Templeton RdTempleton, CA 93465
Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.00x

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

501(c)7 • <$500k nonprofits • Source year 2021

Net Margin

50th percentile

2.2%

Higher net margin than 50% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2021

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

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

501(c)7 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets58th percentile

Assets

$16,730

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$16,730

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue59th percentileNet Margin50th percentile

Revenue

$447,800

No earlier filing loaded for comparison.

Expenses

$437,772

No earlier filing loaded for comparison.

Net Income

$10,028

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$20K$15K$10K$5.0K$0Assets 2021: $16,730Liabilities 2021: $0Net Assets 2021: $16,7302021

Highlighted filing

2021

Assets$16,730
Liabilities$0
Net Assets$16,730
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0Revenue 2021: $447,800Expenses 2021: $437,772Net Income 2021: $10,0282021

Highlighted filing

2021

Revenue$447,800
Expenses$437,772
Net Income$10,028
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,730
Liabilities
$0
Net assets
$16,730
Revenue
$447,800
Expenses
$437,772
Net income
$10,028
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$4.48$4.38$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 15, 2022
Return Version
2021v4.2
Gross Receipts
$447,800
Mission and Program Overview

Mission

Promote unlimited air racing group, train new pilots, manage air racing aircraft numbers, and act as intermediary between air race venues and racing groups

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,702$16,730▲ $10,028
Rtn Earn Endowment Incm Other Fnds$6,702$16,730▲ $10,028
Total Assets$6,702$16,730▲ $10,028
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,702$16,730▲ $10,028
Total Liabilities and Net Assets / Fund Balance$6,702$16,730▲ $10,028
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Sherman SmootPresident
Dennis SandersVice President
Shannon SwagerSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$447,800
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$10,028
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,772
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$432,418--$432,418
Travel$5,354--$5,354
Total Functional Expenses$437,772$0$0$437,772
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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

Form 990 governing body review Part VI line 11

“The board is given a copy of the tax return for review prior to submission”

Governing documents etc available to public Part VI line 19

“The public can gain access to the nonprofit documents any time they are requested”

Filing and Contact Details

Filer

Filer Name
Unlimited Race Class Inc
EIN
47-4944279
Address
1850 TEMPLETON RD, TEMPLETON, CA 93465

Signing Officer

Name
Sherman Smoot
Title
Board Member
Phone
8054237220
Signed
2022-05-15
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Nv
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
Layered Accounting
Address
PO Box 1352, Templeton, CA 93465
Preparer
Aletha Ens
Phone
8059525535
Raw XML Appendix243 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.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum08054237220
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IRS990/BooksInCareOfDetail/USAddress/CityNm0TEMPLETON
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IRS990/BooksInCareOfDetail/USAddress/ZIPCd093465
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IRS990/Desc0UNLIMITED AIR RACING COORDINATION
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
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IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0SHANNON SWAGER
IRS990/Form990PartVIISectionAGrp/PersonNm1DENNIS SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm2SHERMAN SMOOT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0447800
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitiationFeesAndCapContriAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NV
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0PROMOTE UNLIMITED AIR RACING GROUP, TRAIN NEW PILOTS, MANAGE AIR RACING AIRCRAFT NUMBERS, AND ACT AS INTERMEDIARY BETWEEN AIR RACE VENUES AND RACING GROUPS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt06702
IRS990/NetAssetsOrFundBalancesEOYAmt016730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RACE EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0432418
IRS990/OtherExpensesGrp/TotalAmt0432418
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711210
IRS990/ProgramServiceRevenueGrp/Desc0RACE FUNDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0447800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0447800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYOtherExpensesAmt0437772
IRS990/PYProgramServiceRevenueAmt0447800
IRS990/PYRevenuesLessExpensesAmt010028
IRS990/PYTotalExpensesAmt0437772
IRS990/PYTotalRevenueAmt0447800
IRS990/ReconcilationRevenueExpnssAmt010028
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0447800
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt06702
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IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD IS GIVEN A COPY OF THE TAX RETURN FOR REVIEW PRIOR TO SUBMISSION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PUBLIC CAN GAIN ACCESS TO THE NONPROFIT DOCUMENTS ANY TIME THEY ARE REQUESTED
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-15
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ReturnHeader/Filer/BusinessNameControlTxt0UNLI
ReturnHeader/Filer/EIN0474944279
ReturnHeader/Filer/USAddress/AddressLine1Txt01850 TEMPLETON RD
ReturnHeader/Filer/USAddress/CityNm0TEMPLETON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd093465
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0874189296
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Templeton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd093465
ReturnHeader/PreparerPersonGrp/PhoneNum08059525535
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Aletha Ens
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-05-18T17:48:34-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SHERMAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SMOOT
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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