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Nonprofit · EIN 23-7181877

RACE TRACK CHAPLAINCY OF AMERICA INC

Tax-exempt · LEXINGTON, KY 40504

Financials

$596K$654K2023$599K$435K2024
Revenue Expenses · by fiscal year end
Financials of RACE TRACK CHAPLAINCY OF AMERICA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$598,824$434,805$164,019$720,588$2,829$717,759
December 31, 2023990$596,181$654,492-$58,311$560,073$6,333$553,740
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$576,611
Program service revenue
$0
Investment income
$14,594
Net income from fundraising events
$7,619
Other revenue
$7,619

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$69,654
Other salaries and wages
$101,542
Salaries, compensation and benefits (total)
$185,888
Professional fundraising fees
$0
Accounting fees
$4,238
Occupancy
$24,000
Travel
$13,457
Depreciation
$351
Program services (functional)
$375,700
Management and general (functional)
$59,105

Balance sheet and other

Total assets, start of year
$560,073
Total assets, end of year
$720,588
Total liabilities, end of year
$2,829
Net assets, end of year
$717,759
Land, buildings and equipment
$526
Net assets without donor restrictions
$697,759
Net assets with donor restrictions
$20,000
Gross receipts
$620,095
Employees
3
Volunteers
30
Year formed
1972
State of legal domicile
KY

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.

NameTitleHours / weekCompensationOther / benefits
DAN WAITSEXECUTIVE DIRECTOR
Trustee or director
50$69,654$19,796
FRANK LAMBPRESIDENT
Trustee or director, Officer
3$0$0
COREY JOHNSENVICE PRESIDENT
Trustee or director, Officer
3$0$0
TONY VALAZZASECRETARY
Trustee or director, Officer
3$0$0
JOHN SHUMAKERTREASURER
Trustee or director, Officer
3$0$0
ELI HERNANDEZDIRECTOR
Trustee or director
3$0$0
CHRISTINE STILESDIRECTOR
Trustee or director
3$0$0
IZZY TREJODIRECTOR
Trustee or director
3$0$0
JANET VANBEBBERDIRECTOR
Trustee or director
3$0$0
RICK HOOPERDIRECTOR
Trustee or director
3$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
DAN WAITSEXECUTIVE DIRECTOR
Trustee or director
50$66,320$19,796
FRANK LAMBPRESIDENT
Trustee or director, Officer
3$0$0
COREY JOHNSENVICE PRESIDENT
Trustee or director, Officer
3$0$0
TONY VALAZZASECRETARY
Trustee or director, Officer
3$0$0
JOHN SHUMAKERTREASURER
Trustee or director, Officer
3$0$0
ELI HERNANDEZDIRECTOR
Trustee or director
3$0$0
CHRISTINE STILESDIRECTOR
Trustee or director
3$0$0
IZZY TREJODIRECTOR
Trustee or director
3$0$0
JANET VANBEBBERDIRECTOR
Trustee or director
3$0$0
RICK HOOPERDIRECTOR
Trustee or director
3$0$0

Address and contacts

Address (IRS master file)
2365 HARRODSBURG RD STE A120, LEXINGTON, KY 40504-3380
In care of
% BOARD OF DIRECTORS
Principal officer (990 for 2024)
DAN WAITS, 2365 HARRODSBURG RD SUITE A120, LEXINGTON, KY 40504
Signed the 990
DAN WAITS, EXECUTIVE DIRECTOR
Phone
(859) 410-7822
Return prepared by
RADWAN BROWN & COMPANY PSC

Mission

TO MAKE DISCIPLES FOR JESUS CHRIST THROUGH TEACHING, PREACHING, AND MINISTERING TO THE SPIRITUAL, EMOTIONAL, PHYSICAL, SOCIAL, AND EDUCATIONAL NEEDS OF THOSE PERSONS INVOLVED IN ALL ASPECTS OF THE HORSE RACING INDUSTRY.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING CHURCH SERVICES AND CHRISTIAN COUNSELING, PROVIDING FOR SOCIAL AND EDUCATIONAL NEEDS OF PEOPLE LIVING AND WORKING AT THE HORSE RACING TRACKS OF AMERICA.
    Expenses $375,700

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7181877
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
1972
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$720,588
Income (IRS master file)
$620,095

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$598,824$434,805$720,588XML
990December 2023$596,181$654,492$560,073XML
990December 2022$532,971$477,010$618,001IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 23-7181877).

Questions about RACE TRACK CHAPLAINCY OF AMERICA INC

What is the EIN of RACE TRACK CHAPLAINCY OF AMERICA INC?
The employer identification number (EIN) of RACE TRACK CHAPLAINCY OF AMERICA INC is 23-7181877.
Is RACE TRACK CHAPLAINCY OF AMERICA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
Are donations to RACE TRACK CHAPLAINCY OF AMERICA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RACE TRACK CHAPLAINCY OF AMERICA 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 RACE TRACK CHAPLAINCY OF AMERICA 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 RACE TRACK CHAPLAINCY OF AMERICA 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 RACE TRACK CHAPLAINCY OF AMERICA INC?
The 990 for the year ended December 31, 2024 names DAN WAITS.
Who are the officers and directors of RACE TRACK CHAPLAINCY OF AMERICA INC?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $69,654 (DAN WAITS, EXECUTIVE DIRECTOR).
How much revenue does RACE TRACK CHAPLAINCY OF AMERICA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $598,824, expenses of $434,805 and total assets of $720,588 at year end.

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