Civic Intelligence

Unlv Formula Racing

EIN 92-3382755 • 501(c)3 • Las Vegas, NV

990-N CoverageNTEE U40

Profile

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-gove

4505 S MARYLAND PKWY Mail Stop 4027Las Vegas, NV 89154-9900
Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

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

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

Liabilities / Revenue

66th percentile

0.00x

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

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

Net Margin

76th percentile

38%

Higher net margin than 76% of similar nonprofits.

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

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

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

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$30,505

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$30,505

No earlier filing loaded for comparison.

Revenue

$79,402

No earlier filing loaded for comparison.

Expenses

$48,897

No earlier filing loaded for comparison.

Net Income

$30,505

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2024: $30,505Liabilities 2024: $0Net Assets 2024: $30,5052024

Highlighted filing

2024

Assets$30,505
Liabilities$0
Net Assets$30,505

Operations Trend

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

$80K$60K$40K$20K$0Revenue 2024: $79,402Expenses 2024: $48,897Net Income 2024: $30,5052024

Highlighted filing

2024

Revenue$79,402
Expenses$48,897
Net Income$30,505

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$30.5$0.00$30.5$79.4$48.9$30.5
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Sep 10, 2024
Return Version
2023v5.0
Gross Receipts
$79,636
Mission and Program Overview

Mission

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-gove

Program Services

DescriptionGrantsExpenses
Teaching students how to design, construct, and race an electric FSAE Vehicle for the 2025 competition.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Addison CobbMechanical System OfficerPT$0--
Katerina KotchevaPresidentPT$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Krispy Kreme Fundraiser$482$482$234$248
Event 2-$0-$0
Total Events$482$482$234$248
Filing and Contact Details

Filer

Filer Name
Unlv Formula Racing
EIN
92-3382755
Address
4505 S MARYLAND PKWY Mail Stop 4027, LAS VEGAS, NV 89154-9900

Signing Officer

Name
Addison Cobb
Title
Mechanical Systems Officer
Signed
2024-09-10
Supplemental Narrative

Additional Explanations

Part I, Line 10

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.

Part I, Line 16

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.

Part I, Line 20

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.

Part I, Line 8

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.

Part II, Line 24

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.

Part II, Line 26

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations. The organization does not purchase any land or does it charge its member fees.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-government organizations. The organization does not purchase any land or does it charge its member fees.
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