Civic Intelligence

Race 4 Excellence Inc.

EIN 85-0986626 • 501(c)3 • Brooklyn, NY

Pub. 78 EligibleNTEE A23

Profile

Remote controlled vehicles for fun

1418 Brooklyn AveBrooklyn, NY 11210

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

7.31x

Higher debt load relative to assets than 97% of similar nonprofits.

NTEE A23 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

2.36x

Higher debt load relative to revenue than 97% of similar nonprofits.

NTEE A23 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-228%

Higher net margin than 3% of similar nonprofits.

NTEE A23 • <$500k nonprofits • Source year 2024

Top Officer Pay

91st percentile

$0

Higher top officer pay than 91% of similar nonprofits.

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

NTEE A23 • <$500k nonprofits • Source year 2024

Asset Growth

78th percentile

37%

Faster asset growth than 78% of similar nonprofits.

NTEE A23 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

13th percentile

-61%

Faster revenue growth than 13% of similar nonprofits.

NTEE A23 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Up

$1,003

Up $270 (+37%) from 2023

Liabilities

Up

$7,336

Up $7,336 from 2023

Net Assets

Down

-$6,333

Down $7,066 (-964%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin3rd percentile

Revenue

Down

$3,103

Down $4,942 (-61%) from 2023

Expenses

Up

$10,169

Up $2,014 (+25%) from 2023

Net Income

Down

-$7,066

Down $6,956 (-6324%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$10K$5.0K$0-$5.0K-$10KAssets 2020: $1Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $2,633Liabilities 2021: $0Net Assets 2021: $2,6332021Assets 2022: $843Liabilities 2022: $0Net Assets 2022: $8432022Assets 2023: $733Liabilities 2023: $0Net Assets 2023: $7332023Assets 2024: $1,003Liabilities 2024: $7,336Net Assets 2024: -$6,3332024

Highlighted filing

2024

Assets$1,003
Liabilities$7,336
Net Assets-$6,333
Open 2024 Filing

Operations Trend

Revenue Growth13th percentile

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

$15K$10K$5.0K$0-$5.0K-$10KRevenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2021: $11,528Expenses 2021: $8,895Net Income 2021: $2,6332021Revenue 2022: $6,742Expenses 2022: $8,532Net Income 2022: -$1,7902022Revenue 2023: $8,045Expenses 2023: $8,155Net Income 2023: -$1102023Revenue 2024: $3,103Expenses 2024: $10,169Net Income 2024: -$7,0662024

Highlighted filing

2024

Revenue$3,103
Expenses$10,169
Net Income-$7,066
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,003
Liabilities
$7,336
Net assets
-$6,333
Revenue
$3,103
Expenses
$10,169
Net income
-$7,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$7.34$6.33$3.10$10.2$7.07
2023Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$8.05$8.16$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$6.74$8.53$1.79
2021Detailed filing. Detailed filing data is available for this year.$2.63$0.00$2.63$11.5$8.90$2.63
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 1, 2025
Return Version
2024v5.1
Gross Receipts
$3,103
Mission and Program Overview

Mission

Remote controlled vehicles for fun

Race remote controlled vehicles for fun

Program Services

DescriptionGrantsExpenses
USE REMOTE CONTROLLED VEHICLES TO CREATE A FUN ANDCHALLENGING ENVIRONMENT WHERE MIDDLE SCHOOL BOYS CAN BUILDSELF-ESTEEM AND SELF-WORTH WHILE ACQUIRING SKILLS FOR LIFE$0$0
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
GEORGE HUTCHINSONExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Race 4 Excellence Inc
EIN
85-0986626
Phone
9174264414
Address
1418 BROOKLYN AVE, BROOKLYN, NY 11210

Signing Officer

Name
George Hutchinson
Title
President
Phone
9174264414
Signed
2025-02-01

Preparer

Firm
Peyronel Financial Services
Address
PO BOX 3671, NEW YORK, NY 10163
Preparer
Mario W Peyronel Jr
Phone
9148043799
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“RENT & STORAGE 1740.”

Form 990EZ, Part I, Line 16

“Advertising & promotion 394.”

Form 990EZ, Part I, Line 16

“OFFICE EXPENSE 668.”

Form 990EZ, Part I, Line 16

“Telephone & internet 3708.”

Form 990EZ, Part I, Line 16

“SUPPLIES 1524.”

Form 990EZ, Part I, Line 16

“PROFESSIONAL FEES 650.”

Form 990EZ, Part I, Line 16

“MEALS FOR PROGRAM 769.”

Form 990EZ, Part I, Line 16

“WEB DOMAIN 716.”

Form 990EZ, Part II, Line 26

“LOAN FROM OFFICER 7336.”

Raw XML Appendix149 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GEORGE HUTCHINSON
IRS990EZ/BooksInCareOfDetail/PhoneNum09174264414
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01418 BROOKLYN AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BROOKLYN
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd011210
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0733
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt01003
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt03103
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7066
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0733
IRS990EZ/Form990TotalAssetsGrp/EOYAmt01003
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt03103
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0733
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-6333
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0733
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-6333
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt020.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0GEORGE HUTCHINSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt010169
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0RACE REMOTE CONTROLLED VEHICLES FOR FUN
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0USE REMOTE CONTROLLED VEHICLES TO CREATE A FUN ANDCHALLENGING ENVIRONMENT WHERE MIDDLE SCHOOL BOYS CAN BUILDSELF-ESTEEM AND SELF-WORTH WHILE ACQUIRING SKILLS FOR LIFE
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0NY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt07336
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010169
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt03103
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt08045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06742
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017890
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt017890
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt08045
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06742
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt017890
IRS990ScheduleA/TotalSupportAmt017890
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RENT & STORAGE 1740.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ADVERTISING & PROMOTION 394.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICE EXPENSE 668.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TELEPHONE & INTERNET 3708.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES 1524.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL FEES 650.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEALS FOR PROGRAM 769.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WEB DOMAIN 716.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LOAN FROM OFFICER 7336.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE HUTCHINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09174264414
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RACE 4 EXCELLENCE INC
ReturnHeader/Filer/BusinessNameControlTxt0RACE
ReturnHeader/Filer/EIN0850986626
ReturnHeader/Filer/PhoneNum09174264414
ReturnHeader/Filer/USAddress/AddressLine1Txt01418 BROOKLYN AVE
ReturnHeader/Filer/USAddress/CityNm0BROOKLYN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011210
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PEYRONEL FINANCIAL SERVICES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3671
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NEW YORK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010163
ReturnHeader/PreparerPersonGrp/PhoneNum09148043799
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIO W PEYRONEL JR
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-08T18:59:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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