Civic Intelligence

Boyle Racing Headquarters Foundation Corp

990 • Fiscal year 2017 • EIN 47-5668516

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 03, 2018

Organization ProfileN/A
152 E 22nd St Suite BIndianapolis, IN 46202

(317) 920-9616

Siviq Scores

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

Liabilities / Assets

91st percentile

0.84x

Higher debt load relative to assets than 91% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

60.13x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

98th percentile

87%

Higher net margin than 98% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

97th percentile

191%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-91%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Up

$580,878

Up $381,412 (+191%) from 2016

Net Assets

Up

$93,849

Up $7,014 (+8.1%) from 2016

Liabilities

Up

$487,029

Up $374,398 (+332%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin98th percentile

Revenue

Down

$8,100

Down $86,136 (-91%) from 2016

Expenses

Down

$1,086

Down $6,315 (-85%) from 2016

Net Income

Down

$7,014

Down $79,821 (-92%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $1Liabilities 2015: $02015Assets 2016: $199,466Liabilities 2016: $112,631Net Assets 2016: $86,8352016Assets 2017: $580,878Liabilities 2017: $487,029Net Assets 2017: $93,8492017Assets 2018: $925,287Liabilities 2018: $822,271Net Assets 2018: $103,0162018Assets 2019: $1,274,324Liabilities 2019: $1,184,490Net Assets 2019: $89,8342019Assets 2020: $2,426,578Liabilities 2020: $2,320,597Net Assets 2020: $105,9812020Assets 2021: $1,540Liabilities 2021: $0Net Assets 2021: $1,5402021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2017

Assets$580,878
Liabilities$487,029
Net Assets$93,849
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$100K$50K$0-$50K-$100K-$150KRevenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $94,236Expenses 2016: $7,401Net Income 2016: $86,8352016Revenue 2017: $8,100Expenses 2017: $1,086Net Income 2017: $7,0142017Revenue 2018: $9,565Expenses 2018: $398Net Income 2018: $9,1672018Revenue 2019: -$1,922Expenses 2019: $11,260Net Income 2019: -$13,1822019Revenue 2020: $19,727Expenses 2020: $3,580Net Income 2020: $16,1472020Revenue 2021: -$95,764Expenses 2021: $8,677Net Income 2021: -$104,4412021Revenue 2022: $651Expenses 2022: $2,191Net Income 2022: -$1,5402022

Highlighted filing

2017

Revenue$8,100
Expenses$1,086
Net Income$7,014
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 3, 2018
Return Version
2017v2.3
Gross Receipts
$8,100
Mission and Program Overview

Mission

SEE SCH. O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$84,000$469,000▲ $385,000
Rtn Earn Endowment Incm Other Fnds$86,835$93,849▲ $7,014
Land, Buildings, and Equipment, Net$16,012$37,110▲ $21,098
Cash and Non-Interest-Bearing Accounts$661$6,493▲ $5,832
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$199,466$580,878▲ $381,412
Other Assets Total$182,793$537,275▲ $354,482
Liabilities
Accounts Payable and Accrued Expenses$27,730$0▼ $27,730
Other Liabilities$901$18,029▲ $17,128
Total Liabilities$112,631$487,029▲ $374,398
Net Assets / Fund Balance
Total Net Assets Fund Balance$86,835$93,849▲ $7,014
Total Liabilities and Net Assets / Fund Balance$199,466$580,878▲ $381,412

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,110-$37,110
Other Assets Org$537,275--
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Andrew WolfPresident
John PappasVice President
Bob GatesBoard Member
Erik AufderheideBoard Member
George MaleyBoard Member
Joanie VoylesBoard Member
Mark EutslerBoard Member
Marsh DavisBoard Member
Matty BennettBoard Member
Benjamin SpandauAssistant Secretary
Stephanie TruchanAssistant Treasurer
Bill ShawChief Steward
Charles MullenSecretary
Jeffrey CongdonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,100
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$8,100
Change in Net Assets
$7,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,086
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-$400-$400
Office Expenses-$36-$36
Total Functional Expenses$0$1,086$0$1,086
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
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$84,000$469,000▲ $385,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$18,029
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

Form 990, Part VI, Section B, Line 11B

“A draft copy of the form 990 is presented to the board of directors for review and final approval.”

Form 990, Part VI, Section B, Line 12C

“The organization has a written conflict of interest policy which includes definitions, procedures, and processes for continuous monitoring of potential conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Governing documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Boyle Racing Headquarters Foundation Inc
EIN
47-5668516
Phone
3179209616
Address
152 E 22ND ST SUITE B, INDIANAPOLIS, IN 46202

Signing Officer

Name
Jeffrey Congdon
Title
Treasurer
Phone
3175575555
Signed
2018-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Congdon
Formed
2016
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Ksm Business Services Inc
Address
PO BOX 40857, INDIANAPOLIS, IN 46240-0857
Preparer
Erin Eberly
Phone
3175802000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, ORGANIZATION'S MISSION

“Our mission is to own and manage the historic boyle racing headquarters building in indianapolis, in. The building will be used for public use, for community outreach including a local convention center. Businesses and individuals considered auto racing enthusiasts would have interest hosting events in the building. The building would also display indy race cars and other display items educating the public regarding the boyles racing contribution to indiana auto racing history and the role the building played in developing indianapolis as the racing capital of the world.”

FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION

“Our mission is to own and manage the historic boyle racing headquarters building in indianapolis, in. The building will be used for public use, for community outreach including a local convention center. Businesses and individuals considered auto racing enthusiasts would have interest hosting events in the building. The building would also display indy race cars and other display items educating the public regarding the boyles racing contribution to indiana auto racing history and the role the building played in developing indianapolis as the racing capital of the world.”

Financial Statement Notes

990 Part IV 11D

“The boyle racing headquarter building is being refurbished. As of 12/31/2016 the building was still under construction. The cip - building includes all cost incurred through 12/31/2016.”

990 Part IV 11E

“Loans have been granted by jeffrey congdon, john pappas and joanie voyles.”

Raw XML Appendix393 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE BOYLE RACING HEADQUARTER BUILDING IS BEING REFURBISHED. AS OF 12/31/2016 THE BUILDING WAS STILL UNDER CONSTRUCTION. THE CIP - BUILDING INCLUDES ALL COST INCURRED THROUGH 12/31/2016.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOANS HAVE BEEN GRANTED BY JEFFREY CONGDON, JOHN PAPPAS AND JOANIE VOYLES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART IV 11D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1990 PART IV 11E
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037110
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0537275
IRS990ScheduleD/TotalLiabilityAmt018029
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0469000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATING CAPITAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt084000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0JEFFREY CONGDON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0TREASURE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt0469000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO OWN AND MANAGE THE HISTORIC BOYLE RACING HEADQUARTERS BUILDING IN INDIANAPOLIS, IN. THE BUILDING WILL BE USED FOR PUBLIC USE, FOR COMMUNITY OUTREACH INCLUDING A LOCAL CONVENTION CENTER. BUSINESSES AND INDIVIDUALS CONSIDERED AUTO RACING ENTHUSIASTS WOULD HAVE INTEREST HOSTING EVENTS IN THE BUILDING. THE BUILDING WOULD ALSO DISPLAY INDY RACE CARS AND OTHER DISPLAY ITEMS EDUCATING THE PUBLIC REGARDING THE BOYLES RACING CONTRIBUTION TO INDIANA AUTO RACING HISTORY AND THE ROLE THE BUILDING PLAYED IN DEVELOPING INDIANAPOLIS AS THE RACING CAPITAL OF THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR MISSION IS TO OWN AND MANAGE THE HISTORIC BOYLE RACING HEADQUARTERS BUILDING IN INDIANAPOLIS, IN. THE BUILDING WILL BE USED FOR PUBLIC USE, FOR COMMUNITY OUTREACH INCLUDING A LOCAL CONVENTION CENTER. BUSINESSES AND INDIVIDUALS CONSIDERED AUTO RACING ENTHUSIASTS WOULD HAVE INTEREST HOSTING EVENTS IN THE BUILDING. THE BUILDING WOULD ALSO DISPLAY INDY RACE CARS AND OTHER DISPLAY ITEMS EDUCATING THE PUBLIC REGARDING THE BOYLES RACING CONTRIBUTION TO INDIANA AUTO RACING HISTORY AND THE ROLE THE BUILDING PLAYED IN DEVELOPING INDIANAPOLIS AS THE RACING CAPITAL OF THE WORLD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A DRAFT COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW AND FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH INCLUDES DEFINITIONS, PROCEDURES, AND PROCESSES FOR CONTINUOUS MONITORING OF POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 1, ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0199466
IRS990/TotalAssetsEOYAmt0580878
IRS990/TotalAssetsGrp/BOYAmt0199466
IRS990/TotalAssetsGrp/EOYAmt0580878
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt08100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01086
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112631
IRS990/TotalLiabilitiesEOYAmt0487029
IRS990/TotalLiabilitiesGrp/BOYAmt0112631
IRS990/TotalLiabilitiesGrp/EOYAmt0487029
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt086835
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt093849
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01086
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08100
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0199466
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0580878
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt01393 W OAK STREET
IRS990/USAddress/CityNm0ZIONSVILLE
IRS990/USAddress/StateAbbreviationCd0IN
IRS990/USAddress/ZIPCd046077
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY CONGDON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03175575555
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BOYLE RACING HEADQUARTERS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BOYL
ReturnHeader/Filer/EIN0475668516
ReturnHeader/Filer/PhoneNum03179209616
ReturnHeader/Filer/USAddress/AddressLine1Txt0152 E 22ND ST SUITE B
ReturnHeader/Filer/USAddress/CityNm0INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046202
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C468C3A89509DE942925015A5A977E3B3BD0BBC4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0C468C3A89509DE942925015A5A977E3B3BD0BBC4
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt064.132.79.19
ReturnHeader/FilingSecurityInformation/IPDt02018-10-03
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm014:45:17
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352123203
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KSM BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 40857
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0462400857
ReturnHeader/PreparerPersonGrp/PhoneNum03175802000
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ERIN EBERLY
ReturnHeader/ReturnTs02018-10-12T10:07:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$580,878
Liabilities
$487,029
Net assets
$93,849
Revenue
$8,100
Expenses
$1,086
Net income
$7,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.10$0.01$0.10
2020Detailed filing. Detailed filing data is available for this year.$2.43$2.32$0.11$0.02$0.00$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.27$1.18$0.09$0.00$0.01$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.82$0.10$0.01$0.00$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.58$0.49$0.09$0.01$0.00$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.20$0.11$0.09$0.09$0.01$0.09
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00