Civic Intelligence

Raceway Gives Foundation

990 • Fiscal year 2020 • EIN 84-3952685

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

Organization ProfileRACEWAYGIVES.ORG
700 Raceway BlvdMadison, IL 62060

(618) 215-8888

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

Higher debt load relative to assets than 42% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

94th percentile

66%

Higher net margin than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

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

Source year 2020

Revenue Growth

Score unavailable

No value available

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

Source year 2020

Balance Sheet
Liabilities / Assets42nd percentile

Assets

$509,265

No earlier filing loaded for comparison.

Net Assets

$500,315

No earlier filing loaded for comparison.

Liabilities

$8,950

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin94th percentile

Revenue

$754,610

No earlier filing loaded for comparison.

Expenses

$254,295

No earlier filing loaded for comparison.

Net Income

$500,315

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$1.0M$500K$0Assets 2020: $509,265Liabilities 2020: $8,950Net Assets 2020: $500,3152020Assets 2021: $95,333Liabilities 2021: $9,229Net Assets 2021: $86,1042021Assets 2022: $818,176Liabilities 2022: $44,173Net Assets 2022: $774,0032022Assets 2023: $753,523Liabilities 2023: $598Net Assets 2023: $752,9252023Assets 2024: $706,681Liabilities 2024: $6,855Net Assets 2024: $699,8262024

Highlighted filing

2020

Assets$509,265
Liabilities$8,950
Net Assets$500,315
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2020: $754,610Expenses 2020: $254,295Net Income 2020: $500,3152020Revenue 2021: $264,200Expenses 2021: $678,411Net Income 2021: -$414,2112021Revenue 2022: $874,677Expenses 2022: $186,778Net Income 2022: $687,8992022Revenue 2023: $198,513Expenses 2023: $219,591Net Income 2023: -$21,0782023Revenue 2024: $212,544Expenses 2024: $265,643Net Income 2024: -$53,0992024

Highlighted filing

2020

Revenue$754,610
Expenses$254,295
Net Income$500,315
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$772,120
Mission and Program Overview

Mission

Serve as a community asset, technology showcase and uniquely singular motorsports crown jewel featuring faithful and exemplary service to all constituents. Position gmp/wwtr as auto racing's premier facility and sponsor for stem learning in greater st louis region.leverage gmp/wwtr, stem programs visibility and reach along with local sponsorship to develop and support cultural, racial, and diverse local motor racing talent that may go unnoticed due to financial or awareness constraints.maximize utilization of gmp/wwtr facilities as educational platforms.

The raceway gives foundation has been created by world wide technology raceway (wwtr) to leverage the resources and technology opportunities associated with motorsports to provide programs that enhance education and career opportunities for youth ages 8 - 18 with a focus on the gifted, diverse and underserved as well as area military families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$509,265▲ $509,265
Rtn Earn Endowment Incm Other Fnds$0$500,315▲ $500,315
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$509,265▲ $509,265
Liabilities
Other Liabilities$0$8,950▲ $8,950
Total Liabilities$0$8,950▲ $8,950
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$500,315▲ $500,315
Total Liabilities and Net Assets / Fund Balance$0$509,265▲ $509,265
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Curtis FrancoisPresident
Larry AlbusDirector
Chris BlairSecretary
Amy FrancoisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$736,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$18,110
All Other Contributions
$736,500
Change in Net Assets
$500,315
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,295
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
Fees for Services Other$241,385$2,555-$243,940
Office Expenses-$894-$894
Other Expenses$8,950$511-$511
Total Functional Expenses$250,335$3,960$0$254,295
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,120
Fundraising Direct Expenses$17,510
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
50-50 Drawings$22,055$22,055$2,999$19,056
Chase the Ace$65$65-$65
Total Events$22,120$22,120$17,510$4,610
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Gateway Acquisitions$8,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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, Part VI, Section A, Line 8B

“Organization does not have committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section A, Line 8B

“Organization does not have committees with authority to act on behalf of the governing body.”

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

“Form 990 is reviewed by the board of directors prior to filing.”

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

“The conflict of interest policy is included in personnel orientation documentation and published via e-mail to board and staff annually. All potential conflict of interest scenarios are communicated at board level.”

Form 990, Part VI, Section C, Line 18

“Forms 1023 and 990 are avialable to the public upon request.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Raceway Gives Foundation
EIN
84-3952685
Phone
6182158888
Address
700 RACEWAY BLVD, MADISON, IL 62060

Signing Officer

Name
Curtis Francois
Title
President
Phone
6182158888
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Curtis Francois
Formed
2019
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cliftonlarsonallen Llp
Address
600 WASHINGTON AVENUE SUITE 1800, ST LOUIS, MO 63101
Preparer
Joan B Humes
Phone
3149254300
Supplemental Narrative

Additional Explanations

Form 990 Page 6 Line 8(B)

“Organization does not have committees with authority to act on behalf of the governing body.”

Form 990 Page 6 Line 8B

“Organization does not have committees with authority to act on behalf of the governing body.”

Form 990, Part IX, Line 11G

“Contractors: program service expenses 960. Management and general expenses 0. Fundraising expenses 0. Total expenses 960. Cape motorsports: program service expenses 204,800. Management and general expenses 0. Fundraising expenses 0. Total expenses 204,800. Spike kohlbecker racing: program service expenses 35,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,625. Professional services: program service expenses 0. Management and general expenses 2,555. Fundraising expenses 0. Total expenses 2,555.”

Form 990 Page 6 Line 11

“Form 990 is reviewed by the board of directors prior to filing.”

Financial Statement Notes

Page 3, Part IV, Line 11E

“Due to gateway acquisitions”

Raw XML Appendix340 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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IRS990/MissionDesc0- STEM IS THE FUTURE AND RACEWAY GIVES FOUNDATION IS POISED TO FOSTER OPPORTUNITIES FOR THIS GENERATION AND GENERATIONS TO COME, TO SEEK AND TO PARTICIPATE IN REWARDING STEM CAREERS. - BY UTILIZING WORLD WIDE TECHNOLOGY RACEWAY AS AN AUTO RACING'S PREMIER FACILITY AND SPONSOR FOR STEM LEARNING IN THE GREATER ST. LOUIS REGION. - LEVERAGE WORLD WIDE TECHNOLOGY RACEWAY, STEM PROGRAMS' VISIBILITY AND REACH ALONG WITH CUSTOMIZED INDIVIDUAL AND CORPORATE SPONSORSHIP TO DEVELOP AND SUPPORT CULTURAL, RACIAL, AND DIVERSE LOCAL MOTOR RACING TALENT THAT MAY GO UNNOTICED DUE TO FINANCIAL OR AWARENESS CONSTRAINTS.- SERVE AS A COMMUNITY ASSET, TECHNOLOGY SHOWCASE AND UNIQUELY SINGULAR MOTORSPORTS CROWN JEWEL FEATURING FAITHFUL AND EXEMPLARY SERVICE TO ALL CONSTITUENTS.- IN PARTNERSHIP WITH LEADING ST. LOUIS REGION YOUTH ORGANIZATIONS PROVIDE UNIQUE STEM RELATED PROGRAMS FOR THEIR STUDENTS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CONFLICT OF INTEREST POLICY IS INCLUDED IN PERSONNEL ORIENTATION DOCUMENTATION AND PUBLISHED VIA E-MAIL TO BOARD AND STAFF ANNUALLY. ALL POTENTIAL CONFLICT OF INTEREST SCENARIOS ARE COMMUNICATED AT BOARD LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORMS 1023 AND 990 ARE AVIALABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONTRACTORS: PROGRAM SERVICE EXPENSES 960. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 960. CAPE MOTORSPORTS: PROGRAM SERVICE EXPENSES 204,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 204,800. SPIKE KOHLBECKER RACING: PROGRAM SERVICE EXPENSES 35,625. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 35,625. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,555. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,555.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9FORM 990 IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
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 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PAGE 6 LINE 8(B)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PAGE 6 LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PAGE 6 LINE 11
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IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0509265
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0509265
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0736500
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03960
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0250335
IRS990/TotalFunctionalExpensesGrp/TotalAmt0254295
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IRS990/TotalLiabilitiesEOYAmt08950
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-12
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ReturnHeader/ReturnTs02021-11-15T15:34:00-06:00
ReturnHeader/ReturnTypeCd0990
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ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$509,265
Liabilities
$8,950
Net assets
$500,315
Revenue
$754,610
Expenses
$254,295
Net income
$500,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.07$0.07$7.00$2.13$2.66$0.53
2023Detailed filing. Detailed filing data is available for this year.$7.54$0.01$7.53$1.99$2.20$0.21
2022Detailed filing. Detailed filing data is available for this year.$8.18$0.44$7.74$8.75$1.87$6.88
2021Detailed filing. Detailed filing data is available for this year.$0.95$0.09$0.86$2.64$6.78$4.14
2020Detailed filing. Detailed filing data is available for this year.$5.09$0.09$5.00$7.55$2.54$5.00
Peer Organizations

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