Race For Education Inc

Lexington, KY
Tax-exempt since Oct. 2002
EIN: 42-1546327

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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: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$724k (2024)

Expenses

$154k (2024)

Total Assets

$713k (2024)

Total Liabilities

$11.5k (2024)

Source: Form 990 tax filings from 2010 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 Dec.
2024

Revenue

$724,025

Expenses

$153,774

Net Income

$570,251

Net Assets

$701,808

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$724,025	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$713,342
Total Liabilities	$11,534
Net Assets	$701,808

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (Director)	$0	$0	$0
Kevin O'keefe (Chair)	$0	$0	$0
Shannon M Cobb (Secretary)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Bill Casner (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
David Ingordo (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Chris Hoskins (Director)	$0	$0	$0
Amy Lawyer (Director)	$0	$0	$0
Dixie Kendall (Director)	$0	$0	$0
Reese Koffler Stanfield (Director)	$0	$0	$0
Laura Mays (Director)	$0	$0	$0

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990

Filed on March 14, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$82,340

Expenses

$156,036

Net Income

-$73,696

Net Assets

$131,557

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$82,340	100%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$141,571
Total Liabilities	$10,014
Net Assets	$131,557

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (Director)	$0	$0	$0
Katie Lamonica (Chair)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Price Bell (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
Kevin O'keefe (Director)	$0	$0	$0
Case Clay (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Chris Hoskins (Director)	$0	$0	$0
Amy Lawyer (Director)	$0	$0	$0
Jamie Macleod (Director)	$0	$0	$0
Reese Koffler Stanfield (Director)	$0	$0	$0

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990

Filed on June 13, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$175,567

Expenses

$163,814

Net Income

$11,753

Net Assets

$205,253

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$173,483	98.8%
Program Services	$0
Investment Income	$2,084	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$215,267
Total Liabilities	$10,014
Net Assets	$205,253

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (Director)	$0	$0	$0
Katie Lamonica (Chair)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Price Bell (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
Kevin O'keefe (Director)	$0	$0	$0
Case Clay (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Chris Hoskins (Director)	$0	$0	$0
Amy Lawyer (Director)	$0	$0	$0
Jamie Macleod (Director)	$0	$0	$0
Reese Koffler Stanfield (Director)	$0	$0	$0

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990

Filed on July 21, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$113,827

Expenses

$116,171

Net Income

-$2,344

Net Assets

$214,363

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$92,920	81.6%
Program Services	$0
Investment Income	$13,503	11.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$5,774	5.1%
Net Inventory Sales	$0
Other Revenue	$1,630	1.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$225,503
Total Liabilities	$11,140
Net Assets	$214,363

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (President)	$0	$0	$0
Bryan Pettigrew (Chairman)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Bill Casner (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
Kevin O'keefe (Director)	$0	$0	$0
David Blee (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Christ Hoskins (Director)	$0	$0	$0
Scott Pippen (Director)	$0	$0	$0
Laurie Mays (Director)	$0	$0	$0

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990

Filed on April 25, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$77,414

Expenses

$224,637

Net Income

-$147,223

Net Assets

$216,707

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$76,507	98.8%
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$907	1.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,000	8.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$34,000	15.1%

Assets/Debt
Total Assets	$233,746
Total Liabilities	$17,039
Net Assets	$216,707

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (President)	$18,000	$0	$0
Bryan Pettigrew (Chairman)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Bill Casner (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
Kevin O'keefe (Director)	$0	$0	$0
David Blee (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Christ Hoskins (Director)	$0	$0	$0
Scott Pippen (Director)	$0	$0	$0
Laurie Mays (Director)	$0	$0	$0

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990

Filed on March 1, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$177,117

Expenses

$238,238

Net Income

-$61,121

Net Assets

$363,930

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$164,096	92.6%
Program Services	$0
Investment Income	$12,518	7.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	-$1,414
Net Inventory Sales	$0
Other Revenue	$1,917	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$18,000	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$34,000	14.3%

Assets/Debt
Total Assets	$403,180
Total Liabilities	$39,250
Net Assets	$363,930

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (President)	$18,000	$0	$0
Bryan Pettigrew (Chairman)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Bill Casner (Director)	$0	$0	$0
Fred Sarver (Director)	$0	$0	$0
Kevin O'keefe (Director)	$0	$0	$0
David Blee (Director)	$0	$0	$0
Debra Hamelback (Director)	$0	$0	$0
Christ Hoskins (Director)	$0	$0	$0
Scott Pippen (Director)	$0	$0	$0
Laurie Mays (Director)	$0	$0	$0

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990

Filed on Oct. 16, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$264,316

Expenses

$401,343

Net Income

-$137,027

Net Assets

$425,051

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$256,261	97.0%
Program Services	$0
Investment Income	$9,815	3.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$10,226
Sales of Assets	$5,580	2.1%
Net Inventory Sales	$0
Other Revenue	$2,886	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$24,600	6.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,505	24.3%

Assets/Debt
Total Assets	$491,175
Total Liabilities	$66,124
Net Assets	$425,051

Compensation

Key Employees and Officers	Compensation	Related	Other
Elisabeth Jensen (President)	$18,000	$0	$6,600
Bryan Pettigrew (Chairman)	$0	$0	$0
Shannon M Cobb (Treasurer)	$0	$0	$0
Kayce Casner Anderson (Director)	$0	$0	$0
Leslie Barlow (Director)	$0	$0	$0
Gabrielle Bredin (Director)	$0	$0	$0
Jack Brothers (Director)	$0	$0	$0
Dr Stuart Brown (Director)	$0	$0	$0
Bill Casner (Director)	$0	$0	$0
Beverly Jochynek (Director)	$0	$0	$0
Keith Kleine (Director)	$0	$0	$0
Kevin O'keeffe (Director)	$0	$0	$0
Chance Timm (Director)	$0	$0	$0
Milton Riegleman (Director)	$0	$0	$0

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990

Filed on Nov. 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$512,997

Expenses

$543,541

Net Income

-$30,544

Net Assets

$577,164

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$449,908	87.7%
Program Services	$0
Investment Income	$120	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$32,556	6.3%
Sales of Assets	$27,848	5.4%
Net Inventory Sales	$0
Other Revenue	$2,565	0.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$62,403	11.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$149,500	27.5%

Assets/Debt
Total Assets	$705,102
Total Liabilities	$127,938
Net Assets	$577,164

990

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$528,548

Expenses

$580,236

Net Income

-$51,688

Net Assets

$607,708

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$472,168	89.3%
Program Services	$0
Investment Income	$7,730	1.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$10,041	1.9%
Sales of Assets	$35,262	6.7%
Net Inventory Sales	$0
Other Revenue	$3,347	0.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,652	13.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$123,771	21.3%

Assets/Debt
Total Assets	$808,323
Total Liabilities	$200,615
Net Assets	$607,708

990

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

PDF

Fiscal Year Ending Dec.
2015

Revenue

$518,574

Expenses

$651,946

Net Income

-$133,372

Net Assets

$659,396

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$497,797	96.0%
Program Services	$0
Investment Income	$21,585	4.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	-$6,251
Sales of Assets	$5,246	1.0%
Net Inventory Sales	$0
Other Revenue	$197	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$77,787	11.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$147,875	22.7%

Assets/Debt
Total Assets	$859,711
Total Liabilities	$200,315
Net Assets	$659,396

990

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$498,269

Expenses

$718,340

Net Income

-$220,071

Net Assets

$845,727

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$469,243	94.2%
Program Services	$0
Investment Income	$16,515	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$7,021	1.4%
Sales of Assets	$4,504	0.9%
Net Inventory Sales	$0
Other Revenue	$986	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$54,582	7.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$162,303	22.6%

Assets/Debt
Total Assets	$1,004,429
Total Liabilities	$158,702
Net Assets	$845,727

990

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$567,787

Expenses

$753,209

Net Income

-$185,422

Net Assets

$1,065,798

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$530,872	93.5%
Program Services	$0
Investment Income	$19,158	3.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$9,037	1.6%
Sales of Assets	$7,718	1.4%
Net Inventory Sales	$0
Other Revenue	$1,002	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$57,640	7.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,354,076
Total Liabilities	$288,278
Net Assets	$1,065,798

990

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$569,951

Expenses

$707,363

Net Income

-$137,412

Net Assets

$1,251,219

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$514,720	90.3%
Program Services	$0
Investment Income	$30,105	5.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$19,087	3.3%
Sales of Assets	-$504
Net Inventory Sales	$0
Other Revenue	$6,543	1.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$77,654	11.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$78,795	11.1%

Assets/Debt
Total Assets	$1,591,072
Total Liabilities	$339,853
Net Assets	$1,251,219

990

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$751,706

Expenses

$479,978

Net Income

$271,728

Net Assets

$1,388,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$628,334	83.6%
Program Services	$0
Investment Income	$24,751	3.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$98,822	13.1%
Sales of Assets	-$1,066
Net Inventory Sales	$735	0.1%
Other Revenue	$130	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$71,178	14.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$43,628	9.1%

Assets/Debt
Total Assets	$1,659,293
Total Liabilities	$270,662
Net Assets	$1,388,631

990

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

PDF

Fiscal Year Ending Dec.
2010

Revenue

$750,157

Expenses

$477,058

Net Income

$273,099

Net Assets

$1,116,903

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$571,583	76.2%
Program Services	$38,721	5.2%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$2,209	0.3%
Net Fundraising	$34,662	4.6%
Sales of Assets	-$685
Net Inventory Sales	$103,661	13.8%
Other Revenue	$6	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$68,332	14.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,249	8.0%

Assets/Debt
Total Assets	$1,492,645
Total Liabilities	$375,742
Net Assets	$1,116,903

990

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

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Race For Education Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $724k (2024)

Expenses $154k (2024)

Total Assets $713k (2024)

Total Liabilities $11.5k (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$724k (2024)

Expenses

$154k (2024)

Total Assets

$713k (2024)

Total Liabilities

$11.5k (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002