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Nonprofit · EIN 03-0443003

AIR RACE CLASSIC INC

Tax-exempt · FORT COLLINS, CO 80524

Financials

$122K$100K2021$151K$131K2023$115K$100K2024
Revenue Expenses · by fiscal year end
Financials of AIR RACE CLASSIC INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990-EZ$114,696$100,417$14,279$305,981$8,234$297,747
September 30, 2024990-EZ$150,846$130,886$19,960$290,877$7,409$283,468
September 30, 2022990 (amended)$121,629$99,557$22,072$265,993$9,007$256,986
Financial details: 990-EZ for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$15,764
Program service revenue
$83,429
Investment income
$7,722
Net income from sales of inventory
$7,781

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$3,044
Printing, publications and postage
$3,858
Other expenses
$93,515
Program services (functional)
$69,035

Balance sheet and other

Total assets, start of year
$290,877
Total assets, end of year
$305,981
Total liabilities, end of year
$8,234
Net assets, end of year
$297,747
Cash, savings and investments
$287,526
Gross receipts
$114,696

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
DONNA HARRISPresident0$0
LIN CAYWOODVice President0$0
SHELLEY EWALTSecretary0$0
LYDIA BALDWINTreasurer0$0
990-EZ for the year ended September 30, 2024: 4 people
NameTitleHours / weekCompensation
DONNA HARRISPresident0$0
LIN CAYWOODVice President0$0
SHERRY KANDLESecretary0$0
LYDIA BALDWINTreasurer0$0
990 for the year ended September 30, 2022: 4 people
NameTitleHours / weekCompensation
LARA GAERTEPresident
Officer
0$0
DONNA HARRISVice President
Officer
0$0
SHERRY KANDLESecretary
Officer
0$0
LINDA EVANSTreasurer
Officer
0$0

Address and contacts

Address (IRS master file)
713 MATHEWS ST, FORT COLLINS, CO 80524-3312
In care of
% TRISH MINARD
Signed the 990-EZ
LYDIA BALDWIN, Treasurer
Phone
(970) 213-9273
Return prepared by
MCGRATH NOTHMAN PC

Mission

TO DEVELOP AND ADVANCE AVIATION EDUCATION

990-EZ for the year ended September 30, 2025

Program accomplishments

  • ANNUAL CROSS COUNTRY AIR RACE FOR WOMEN INVOLVING NUMEROUS NORTH AMERICAN AIRPORTS. PROCEEDS GOING TO CHARITIES.
    Expenses $69,035

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990-EZ on file
2023September 30, 2024February 17, 2025990-EZ on file

IRS record

EIN
03-0443003
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2002
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$305,981
Income (IRS master file)
$114,696

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZSeptember 2025$114,696$100,417$305,981XML
990-TSeptember 2025–––IRS
990-EZSeptember 2024$150,846$130,886$290,877XML
990-TSeptember 2024–––IRS
990September 2023$131,214$124,692$271,466IRS
990-TSeptember 2023–––IRS
990September 2022$121,629$99,557$265,993XML
990-EZSeptember 2021–––IRS
990-EZSeptember 2020–––IRS
990-EZSeptember 2019–––IRS
990-EZSeptember 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0443003).

Questions about AIR RACE CLASSIC INC

What is the EIN of AIR RACE CLASSIC INC?
The employer identification number (EIN) of AIR RACE CLASSIC INC is 03-0443003.
Is AIR RACE CLASSIC INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to AIR RACE CLASSIC INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does AIR RACE CLASSIC INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of AIR RACE CLASSIC INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did AIR RACE CLASSIC INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended September 2025.
Who are the officers and directors of AIR RACE CLASSIC INC?
The 990-EZ for the year ended September 30, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does AIR RACE CLASSIC INC have?
On its 990-EZ for the year ended September 30, 2025 it reported revenue of $114,696, expenses of $100,417 and total assets of $305,981 at year end.

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