Racing Thoughts Inc

Jane Comfort And Company

Brooklyn, NY
Tax-exempt since Aug. 1996
EIN: 13-3835811

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Arts, Culture and Humanities / Dance (NTEE)

Donations to this organization are tax deductible.

Revenue

$97.9k (2024)

Expenses

$80.7k (2024)

Total Assets

$133k (2024)

Total Liabilities

$4.38k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Revenue

$97,894

Expenses

$80,661

Net Income

$17,233

Net Assets

$128,449

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$90,089	92.0%
Program Services	$4,000	4.1%
Investment Income	$2,638	2.7%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,167	1.2%

Assets/Debt
Total Assets	$132,833
Total Liabilities	$4,384
Net Assets	$128,449

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$1,500	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on Sept. 29, 2024

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Fiscal Year Ending June
2023

Revenue

$96,992

Expenses

$122,781

Net Income

-$25,789

Net Assets

$111,216

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$52,876	54.5%
Program Services	$42,812	44.1%
Investment Income	$1,304	1.3%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$115,762
Total Liabilities	$4,546
Net Assets	$111,216

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$3,850	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Suki Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on April 23, 2024

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Fiscal Year Ending June
2022

Revenue

$47,535

Expenses

$37,864

Net Income

$9,671

Net Assets

$137,005

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$47,082	99.0%
Program Services	$0
Investment Income	$78	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$375	0.8%

Assets/Debt
Total Assets	$141,969
Total Liabilities	$4,964
Net Assets	$137,005

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$5,000	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on March 2, 2023

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Fiscal Year Ending June
2021

Revenue

$46,031

Expenses

$25,699

Net Income

$20,332

Net Assets

$127,334

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,693	97.1%
Program Services	$1,000	2.2%
Investment Income	$90	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$248	0.5%

Assets/Debt
Total Assets	$134,553
Total Liabilities	$7,219
Net Assets	$127,334

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$0	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on July 9, 2022

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Fiscal Year Ending June
2020

Revenue

$57,390

Expenses

$32,354

Net Income

$25,036

Net Assets

$107,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$56,712	98.8%
Program Services	$550	1.0%
Investment Income	$88	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$40	0.1%

Assets/Debt
Total Assets	$107,002
Total Liabilities	$0
Net Assets	$107,002

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$4,500	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on July 24, 2021

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Fiscal Year Ending June
2019

Revenue

$45,349

Expenses

$41,486

Net Income

$3,863

Net Assets

$81,966

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$38,706	85.4%
Program Services	$6,550	14.4%
Investment Income	$91	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$2	0.0%

Assets/Debt
Total Assets	$82,221
Total Liabilities	$255
Net Assets	$81,966

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$5,500	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on Dec. 3, 2019

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Fiscal Year Ending June
2018

Revenue

$99,357

Expenses

$101,810

Net Income

-$2,453

Net Assets

$78,103

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$77,405	77.9%
Program Services	$21,800	21.9%
Investment Income	$89	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$63	0.1%

Assets/Debt
Total Assets	$83,502
Total Liabilities	$5,399
Net Assets	$78,103

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$4,750	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on Sept. 8, 2018

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Fiscal Year Ending June
2017

Revenue

$48,797

Expenses

$43,529

Net Income

$5,268

Net Assets

$80,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$44,017	90.2%
Program Services	$4,600	9.4%
Investment Income	$80	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$100	0.2%

Assets/Debt
Total Assets	$80,697
Total Liabilities	$141
Net Assets	$80,556

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$6,000	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on Oct. 5, 2017

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Fiscal Year Ending June
2016

Revenue

$128,905

Expenses

$137,869

Net Income

-$8,964

Net Assets

$76,849

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$57,208	44.4%
Program Services	$69,750	54.1%
Investment Income	$64	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$1,883	1.5%

Assets/Debt
Total Assets	$76,849
Total Liabilities	$0
Net Assets	$76,849

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Artistic Dir.)	$6,000	$0
Cynthia Svigals (Secretary)	$0	$0
Lawton Fitt (Director)	$0	$0
John Comfort (Director)	$0	$0
Sukey Wagner (President)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0
Adrian Buzz Doherty (Treasurer)	$0	$0
Don Mc Coy (Director)	$0	$0

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990-EZ

Filed on March 4, 2017

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Fiscal Year Ending June
2015

Revenue

$57,027

Expenses

$60,654

Net Income

-$3,627

Net Assets

$85,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$52,932	92.8%
Program Services	$4,037	7.1%
Investment Income	$58	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$89,764
Total Liabilities	$3,951
Net Assets	$85,813

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Director)	$4,500	$0
John Comfort (President)	$0	$0
Cynthia Svigals (Director)	$0	$0
Don Mc Coy (Director)	$0	$0
Fred Sherman (Secy / Treas)	$0	$0
Suki Wagner (Director)	$0	$0
Lawton Fitt (Director)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0

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990-EZ

Filed on Feb. 16, 2016

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Fiscal Year Ending June
2014

Revenue

$87,198

Expenses

$90,468

Net Income

-$3,270

Net Assets

$89,440

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$35,897	41.2%
Program Services	$51,243	58.8%
Investment Income	$58	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$90,909
Total Liabilities	$1,469
Net Assets	$89,440

Compensation

Key Employees and Officers	Compensation	Other
Jane Comfort (Director)	$4,500	$0
John Comfort (President)	$0	$0
Cynthia Svigals (Director)	$0	$0
Don Mc Coy (Director)	$0	$0
Fred Sherman (Secy / Treas)	$0	$0
Suki Wagner (Director)	$0	$0
Lawton Fitt (Director)	$0	$0
Nancy Fitzpatrick (Director)	$0	$0

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990-EZ

Filed on May 15, 2015

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Fiscal Year Ending June
2013

Revenue

$88,745

Expenses

$87,336

Net Income

$1,409

Net Assets

$92,710

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$48,271	54.4%
Program Services	$39,939	45.0%
Investment Income	$535	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$95,004
Total Liabilities	$2,294
Net Assets	$92,710

990-EZ

Filed on July 7, 2014

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Fiscal Year Ending June
2012

Revenue

$128,842

Expenses

$100,535

Net Income

$28,307

Net Assets

$91,301

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$77,203	59.9%
Program Services	$51,562	40.0%
Investment Income	$77	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$93,703
Total Liabilities	$2,402
Net Assets	$91,301

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$144,428

Expenses

$124,445

Net Income

$19,983

Net Assets

$62,994

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$64,491	44.7%
Program Services	$79,881	55.3%
Investment Income	$56	0.0%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Assets/Debt
Total Assets	$71,237
Total Liabilities	$8,243
Net Assets	$62,994

Short form tax return for a nonprofit’s activities, finances, and governance

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Updated December 20, 2024

Racing Thoughts Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $97.9k (2024)

Expenses $80.7k (2024)

Total Assets $133k (2024)

Total Liabilities $4.38k (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from 990-EZ

Compensation

Document Links

990-EZ

Fiscal Year Ending June 2023

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990-EZ

Fiscal Year Ending June 2022

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990-EZ

Fiscal Year Ending June 2021

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990-EZ

Fiscal Year Ending June 2020

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990-EZ

Fiscal Year Ending June 2019

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990-EZ

Fiscal Year Ending June 2018

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990-EZ

Fiscal Year Ending June 2017

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990-EZ

Fiscal Year Ending June 2016

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990-EZ

Fiscal Year Ending June 2015

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990-EZ

Fiscal Year Ending June 2014

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990-EZ

Fiscal Year Ending June 2013

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Extracted Financial Data from 990-EZ

Document Links

990-EZ

Revenue

$97.9k (2024)

Expenses

$80.7k (2024)

Total Assets

$133k (2024)

Total Liabilities

$4.38k (2024)

Fiscal Year Ending June
2024

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2023

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2022

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2021

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2020

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2019

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2018

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2017

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2016

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2015

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2014

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2013

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2012

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2011

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