Nonprofit · EIN 23-3018927
URBAN YOUTH RACING SCHOOL INC
Tax-exempt · PHILADELPHIA, PA 19130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,057,465 | $544,947 | $512,518 | $672,390 | $227,263 | $445,127 |
| December 31, 2023 | 990 | $359,241 | $381,897 | -$22,656 | $176,000 | $176,000 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,053,232
- of which government grants
- $562,507
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $4,233
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $117,410
- Salaries, compensation and benefits (total)
- $117,410
- Professional fundraising fees
- $0
- Accounting fees
- $12,439
- Occupancy
- $40,501
- Travel
- $42,877
- Depreciation
- $11,246
- Program services (functional)
- $421,350
- Management and general (functional)
- $123,597
Balance sheet and other
- Total assets, start of year
- $116,009
- Total assets, end of year
- $672,390
- Total liabilities, end of year
- $227,263
- Net assets, end of year
- $445,127
- Land, buildings and equipment
- $655,241
- Net assets without donor restrictions
- $445,127
- Gross receipts
- $1,057,465
- Employees
- 3
- Volunteers
- 9
- Year formed
- 1999
- State of legal domicile
- PA
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANTHONY MARTIN | EXECUTIVE DIRECTOR Officer, Key employee, Highest-paid employee | 60 | $52,981 |
| John Cohen | Board Member Trustee or director | 10 | $0 |
| Hill Harper | Board Member Trustee or director | 0 | $0 |
| James Farmer | Board Chairman Officer | 10 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Anthony Martin | Executive Director Officer | 60 | $71,760 |
Address and contacts
- Address (IRS master file)
- 1500 SPRING GARDEN STREET, PHILADELPHIA, PA 19130-4067
- Principal officer (990 for 2024)
- ANTHONY MARTIN, 1500 SPRING GARDEN STREET, PHILADELPHIA, PA 19130
- Signed the 990
- ANTHONY MARTIN, PRESIDENT
- Phone
- (267) 315-3780
- Website
- https://uyrs.com
- Return prepared by
- Consulting Accounting Management Group LLC
Mission
Our mission is to educate disadvantaged inner-city youth in the areas of science, technology, engineering and math through the lens of motorsports.
Program accomplishments
- Trained disadvantaged inner-city youth in the areas of science, technology, engineering and math. 60 students attended class on a weekly basis. We provide internships in the auto racing industry and offer mentoring programs for our students.Expenses $421,350 · grants $562,507 · revenue $1,053,232
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-3018927
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30)
- Assets (IRS master file)
- $672,390
- Income (IRS master file)
- $1,057,465
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,057,465 | $544,947 | $672,390 | IRS |
| 990 | December 2023 | $359,241 | $381,897 | $176,000 | XML |
| 990 | December 2022 | $665,627 | $641,084 | $207,299 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990 | December 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 23-3018927).
Questions about URBAN YOUTH RACING SCHOOL INC
- What is the EIN of URBAN YOUTH RACING SCHOOL INC?
- The employer identification number (EIN) of URBAN YOUTH RACING SCHOOL INC is 23-3018927.
- Is URBAN YOUTH RACING SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to URBAN YOUTH RACING SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does URBAN YOUTH RACING SCHOOL 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 URBAN YOUTH RACING SCHOOL INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did URBAN YOUTH RACING SCHOOL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of URBAN YOUTH RACING SCHOOL INC?
- The 990 for the year ended December 31, 2024 names ANTHONY MARTIN.
- Who are the officers and directors of URBAN YOUTH RACING SCHOOL INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $52,981 (ANTHONY MARTIN, EXECUTIVE DIRECTOR).
- How much revenue does URBAN YOUTH RACING SCHOOL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,057,465, expenses of $544,947 and total assets of $672,390 at year end.
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