Civic Intelligence

Foundre Racing Az Inc

EIN 87-4007479 • 501(c)3 • Gilbert, AZ

Profile

The purpose of foundre racing az is to foster national and international biking sports competition focused on junior athlete development by participating in racing, instruction and training.

3687 E Jaguar AveGilbert, AZ 85298

www.foundreracing.com

Siviq Scores

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

Liabilities / Assets

77th percentile

0.08x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.02x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

22nd percentile

-23%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

20th percentile

-50%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$10,795

Down $10,758 (-50%) from 2021

Liabilities

$845

No earlier filing loaded for comparison.

Net Assets

Down

$9,950

Down $11,603 (-54%) from 2021

Operations
Liabilities / Revenue72nd percentileNet Margin22nd percentile

Revenue

Up

$50,822

Up $7,823 (+18%) from 2021

Expenses

Up

$62,425

Up $40,979 (+191%) from 2021

Net Income

Down

-$11,603

Down $33,156 (-154%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth20th percentile

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

$30K$20K$10K$0Assets 2021: $21,553Net Assets 2021: $21,5532021Assets 2022: $10,795Liabilities 2022: $845Net Assets 2022: $9,9502022

Highlighted filing

2022

Assets$10,795
Liabilities$845
Net Assets$9,950
Open 2022 Filing

Operations Trend

Revenue Growth71st percentile

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

$80K$60K$40K$20K$0-$20KRevenue 2021: $42,999Expenses 2021: $21,446Net Income 2021: $21,5532021Revenue 2022: $50,822Expenses 2022: $62,425Net Income 2022: -$11,6032022

Highlighted filing

2022

Revenue$50,822
Expenses$62,425
Net Income-$11,603
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,795
Liabilities
$845
Net assets
$9,950
Revenue
$50,822
Expenses
$62,425
Net income
-$11,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.85$9.95$50.8$62.4$11.6
2021Detailed filing. Detailed filing data is available for this year.$21.6$21.6$43.0$21.4$21.6
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 17, 2023
Return Version
2022v5.0
Gross Receipts
$50,822
Mission and Program Overview

Mission

The purpose of foundre racing az is to foster national and international biking sports competition focused on junior athlete development by participating in racing, instruction and training.

Program Services

DescriptionGrantsExpenses
YOUTH RACING TEAM ACTIVITIES-$57,612
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MONICA BIESENPresident-$0--
WESLEY BIESENTreasurerPT$0--
JAMES C NICHOLSVice PresidePT$0--
MICHAEL TRUJILLOSecretaryPT$0--
Filing and Contact Details

Filer

Filer Name
Foundre Racing Az Inc
EIN
87-4007479
Phone
6026869000
Address
3687 E JAGUAR AVE, GILBERT, AZ 85298

Signing Officer

Name
Monica Biesen
Title
President
Phone
6026869000
Signed
2023-10-17

Preparer

Firm
Red Rock Accounting Group LLC
Address
1290 S STATE ROUTE 260, COTTONWOOD, AZ 86326-4600
Preparer
William P Burke CPA
Phone
9286349465
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Expenses advertising and marketing 86 arizona corporation commissio 10 dues and subscriptions 667 office supplies and software 782 form1023-ez fees 275 travel and fuel 630 insurance 907 youth team racing expense 57,612 total 60,969”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 0 845”

Form 990-ez, Part III

“The purpose of foundre racing az is to foster national and international biking sports competition focused on junior athlete development by participating in racing, instruction and training.”

Raw XML Appendix132 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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IRS990EZ/BooksInCareOfDetail/PersonNm0MONICA BIESEN
IRS990EZ/BooksInCareOfDetail/PhoneNum06026869000
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt03687 E JAGUAR AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0GILBERT
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AZ
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd085298
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt021553
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt010795
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt050822
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-11603
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01456
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt021553
IRS990EZ/Form990TotalAssetsGrp/EOYAmt010795
IRS990EZ/GrossReceiptsAmt050822
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt021553
IRS990EZ/NetAssetsOrFundBalancesEOYAmt09950
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt021553
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt09950
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MONICA BIESEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1WESLEY BIESEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JAMES C NICHOLS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MICHAEL TRUJILLO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt060969
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF FOUNDRE RACING AZ IS TO FOSTER NATIONAL AND INTERNATIONAL BIKING SPORTS COMPETITION FOCUSED ON JUNIOR ATHLETE DEVELOPMENT BY PARTICIPATING IN RACING, INSTRUCTION AND TRAINING.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0YOUTH RACING TEAM ACTIVITIES
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt057612
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0845
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt062425
IRS990EZ/TotalProgramServiceExpensesAmt057612
IRS990EZ/TotalRevenueAmt050822
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.FOUNDRERACING.COM
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt050822
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt042999
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt093821
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt093821
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt050822
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt042999
IRS990ScheduleA/Total509Grp/TotalAmt093821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt050822
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt042999
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt093821
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND MARKETING 86 ARIZONA CORPORATION COMMISSIO 10 DUES AND SUBSCRIPTIONS 667 OFFICE SUPPLIES AND SOFTWARE 782 FORM1023-EZ FEES 275 TRAVEL AND FUEL 630 INSURANCE 907 YOUTH TEAM RACING EXPENSE 57,612 TOTAL 60,969
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 845
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PURPOSE OF FOUNDRE RACING AZ IS TO FOSTER NATIONAL AND INTERNATIONAL BIKING SPORTS COMPETITION FOCUSED ON JUNIOR ATHLETE DEVELOPMENT BY PARTICIPATING IN RACING, INSTRUCTION AND TRAINING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MONICA BIESEN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06026869000
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDRE RACING AZ INC
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0874007479
ReturnHeader/Filer/PhoneNum06026869000
ReturnHeader/Filer/USAddress/AddressLine1Txt03687 E JAGUAR AVE
ReturnHeader/Filer/USAddress/CityNm0GILBERT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085298
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464785788
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RED ROCK ACCOUNTING GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01290 S STATE ROUTE 260
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COTTONWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AZ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0863264600
ReturnHeader/PreparerPersonGrp/PhoneNum09286349465
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM P BURKE CPA
ReturnHeader/ReturnTs02023-11-06T07:40:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MONICA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BIESEN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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