Reno Air Racing Foundation in Reno, Nevada (NV)
Table of contents:
| Reno Air Racing Foundation | |
| Employer Identification Number (EIN) | 810578379 |
| Name of Organization | Reno Air Racing Foundation |
| In Care of Name | Michael Houghton |
| Address | PO BOX 21433, Reno, NV 89515-1433 |
| Subsection | Educational Organization, Charitable Organization |
| Ruling Date | 02/2004 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $56,304 |
| Amount of Income | $108,722 |
| Form 990 Revenue Amount | $108,722 |
| National Taxonomy of Exempt Entities (NTEE) | Arts, Culture and Humanities: Museum, Museum Activities |
Non-representatives - add comments:
Amount of income in 2013: $108,722 (it was $168,894 in 2012)
| Reno Air Racing Foundation: | $108,722 |
| Other organizations performing similar types of work: | $69,335 |
Assets in 2013: $56,304 (it was $42,637 in 2012)
| Reno Air Racing Foundation: | $56,304 |
| Other organizations performing similar types of work: | $145,105 |
Expenses in 2013: $86,996
| This organization: | $86,996 |
| Other organizations performing similar types of work: | $47,186 |
Income to expenses ratio in 2013: 1.2
| This organization: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 99.3%
| Reno Air Racing Foundation: | 99.3% |
| Other organizations performing similar types of work: | 26.3% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $54,027 | $168,894 | $108,722 |
| Contributions, gifts, grants, and similar amounts received | $52,807 | $168,402 | $107,914 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $1,220 | $492 | $808 |
| Total expenses | $64,474 | $205,330 | $86,996 |
| Total net assets | $68,594 | $32,158 | $53,884 |
| Excess/Deficit for the year | $-10,447 | $-36,436 | $21,726 |
| Net assets or fund balances at beginning of year | $79,041 | $68,594 | $32,158 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $32,158 | $53,884 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $73,737 | $42,637 | $56,304 |
| Total liabilities | $5,143 | $10,479 | $2,420 |
| Net assets or fund balances | $68,594 | $32,158 | $53,884 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $284,236 |
| Subtotal Support | $489,902 |
| Gifts, grants, contributions, and membership fees received | $489,902 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $205,666 |
| Total Support | $494,434 |
| Public Support | $489,902 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $4,532 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Trust For African Rock Arts | 77 W Wacker Dr, Chicago, IL 60601-1604 | IL | 2001-09 | $595,502 |
| 2 | 300 Stewart Avenue Corporation | 300 Stewart Ave, Las Vegas, NV 89101-2956 | NV | 2008-09 | $1,816,642 |
| 3 | Silver State Peace Officers Museum | Po Box 17051, Reno, NV 89511 | NV | 2007-09 | $79,903 |
| 4 | Austin Historic Mining District Historical Society | Po Box 25, Austin, NV 89310 | NV | 1995-02 | $70,451 |
| 5 | Metropolitan Police Museum Association Of Nevada | 3141 E Sunrise Avenue, Las Vegas, NV 89101 | NV | 1998-12 | $34,543 |
| 6 | Territorial Enterprise Historical And Educational Foundation | PO BOX 6, Virginia City, NV 89440-0006 | NV | 2001-08 | $22,321 |
| 7 | Society For The Preservation Of Western Heritage | 436 6th St, Wells, NV 89835 | NV | 2001-05 | $20,923 |
| 8 | Eddie Meyer Museum | 5655 High Rock Way, Sparks, NV 89431-1012 | NV | 2009-01 | $8,045 |
| 9 | Wunderman Family Museum | 1645 Village Center Cir Ste 60, Las Vegas, NV 89134-6371 | NV | 2003-12 | $1 |
| 10 | Cat Association | 287 Manzanita Ranch Lane, Henderson, NV 89012 | NV | 2013-01 | $0 |
| 11 | Foundation For Nevadas Wildlife | 10591 Double R Blvd Building 39, Reno, NV 89521 | NV | 2008-12 | $0 |
| 12 | Moulin Rouge Museum And Cultural Center Inc | 1001 F St, Las Vegas, NV 89106-3311 | NV | 2002-08 | $0 |
| 13 | Nevada Gold Adventure | 627 Court Street, Elko, NV 89801 | NV | 2005-01 | $0 |
| 14 | Nevada Gold Mining Interpretive Center Foundation | PO BOX 787, Carlin, NV 89822-0787 | NV | 2002-06 | $0 |
| 15 | Nevada Museum Of Science Industry & Technology | 75 Pringle Way Ste 701, Reno, NV 89502 | NV | 1999-12 | $0 |
| 16 | Nevada State Museum And Historical Society Volunteer And Docent Counc | 309 Valley View Blvd, Las Vegas, NV 89107 | NV | 2014-04 | $0 |
| 17 | Northeastern Nevada Railroad Historical Society | Po Box 8008, Carson City, NV 89815 | NV | 2000-10 | $0 |
| 18 | Society For The Preservation Of Near-Extinct Species | 3970 Spencer St, Las Vegas, NV 89119-5201 | NV | 2014-09 | $0 |
| 19 | Sports Aviation Foundation | 1146 Airport Road, Minden, NV 89423 | NV | 2014-02 | $0 |
| 20 | Sunnyside Historical Society | Hc 60 Box 53 G-01, Round Mountain, NV 89045 | NV | 2002-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,844 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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