Nonprofit · EIN 13-3835811
RACING THOUGHTS INC
Also known as JANE COMFORT AND COMPANY
Tax-exempt · BROOKLYN, NY 11238
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $53,707 | $39,641 | $14,066 | $145,284 | $2,769 | $142,515 |
| June 30, 2024 | 990-EZ | $97,894 | $80,661 | $17,233 | $132,833 | $4,384 | $128,449 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $47,309
- Program service revenue
- $2,000
- Investment income
- $4,248
- Other revenue
- $150
Expenses
- Compensation of officers, directors and key employees
- $3,500
- Salaries, compensation and benefits (total)
- $18,366
- Professional fees and payments to contractors
- $6,927
- Other expenses
- $14,348
- Program services (functional)
- $29,769
Balance sheet and other
- Total assets, start of year
- $132,833
- Total assets, end of year
- $145,284
- Total liabilities, end of year
- $2,769
- Net assets, end of year
- $142,515
- Cash, savings and investments
- $142,711
- Gross receipts
- $53,707
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jane Comfort | Artistic Dir. | 30 | $3,500 |
| Cynthia Svigals | Secretary | 2 | $0 |
| Lawton Fitt | Director | 2 | $0 |
| John Comfort | Director | 2 | $0 |
| Sukey Wagner | President | 2 | $0 |
| Nancy Fitzpatrick | Director | 2 | $0 |
| Adrian Doherty | Treasurer | 2 | $0 |
| Don McCoy | Director | 2 | $0 |
990-EZ for the year ended June 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jane Comfort | Artistic Dir. | 30 | $1,500 |
| Cynthia Svigals | Secretary | 2 | $0 |
| Lawton Fitt | Director | 2 | $0 |
| John Comfort | Director | 2 | $0 |
| Sukey Wagner | President | 2 | $0 |
| Nancy Fitzpatrick | Director | 2 | $0 |
| Adrian Doherty | Treasurer | 2 | $0 |
| Don McCoy | Director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 41 EASTERN PKWY APT 9A, BROOKLYN, NY 11238-5905
- In care of
- % JANE COMFORT
- Signed the 990-EZ
- Jane Comfort, Artistic Dir.
- Phone
- (212) 226-5109
- Website
- janecomfortandcompany.org
- Return prepared by
- Mary G Sormeley CPA
Mission
Racing Thoughts was formed to support the artistic work of Jane Comfort and Company. Jane Comfort has been choreographing since 1978 and creates dance theater works that are dedicated to achieving a new fusion of text and movement as a means of deep social commentary.
Program accomplishments
- Jane Comfort began the fiscal year with rehearsals for a new work, Only an Expert, which premiered in September at the 2024 DanceNOW festival at Joes Pub in New York City. Her documentary feature length film, "Breaking Form," continued to screen throughout the country, winning best film at the Big Sky Film Festival, and audience favorite at the Sans Souci Film Festival. It traveled to the American Dance Festivals film festival in Durham, NC, Louisville, TN, Portugal, England, and San Franciscos Dance Film Festival where Jane, filmmaker and "Breaking Form" director Alexandra Nikolchev, and co-producer Leslie Cuyjet traveled to participate in the post screening talk. The film was shown at Lincoln Center again in April 2025 to a sold out audience. In the Q&As following these screenings, Jane taught the audiences the sign language version of the first verse of Amazing Grace which everyone sang and signed together. The film ends with footage of the company signing Amazing Grace, and audiences have loved doing it themselves. The company has joined with Cinema Guild to make the film available to educators throughout the country.Expenses $29,769
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 13-3835811
- 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
- 1996
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A620)
- Assets (IRS master file)
- $145,284
- Income (IRS master file)
- $53,707
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $53,707 | $39,641 | $145,284 | XML |
| 990-EZ | June 2024 | $97,894 | $80,661 | $132,833 | XML |
| 990-EZ | June 2023 | $96,992 | $122,781 | $115,762 | IRS |
| 990-EZ | June 2022 | – | – | – | IRS |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | 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 13-3835811).
Questions about RACING THOUGHTS INC
- What is the EIN of RACING THOUGHTS INC?
- The employer identification number (EIN) of RACING THOUGHTS INC is 13-3835811.
- Is RACING THOUGHTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to RACING THOUGHTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACING THOUGHTS 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 RACING THOUGHTS INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACING THOUGHTS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of RACING THOUGHTS INC?
- The 990-EZ for the year ended June 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $3,500 (Jane Comfort, Artistic Dir.).
- How much revenue does RACING THOUGHTS INC have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $53,707, expenses of $39,641 and total assets of $145,284 at year end.
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