Nonprofit · EIN 42-1518931
FRANKLIN COUNTY R A C E INC
Tax-exempt · HAMPTON, IA 50441
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $325,109 | $368,481 | -$43,372 | $1,990,600 | $0 | $1,990,600 |
| June 30, 2024 | 990 | $389,608 | $620,747 | -$231,139 | $2,033,972 | $0 | $2,033,972 |
| June 30, 2023 | 990 | $679,069 | $450,141 | $228,928 | $2,270,111 | $5,000 | $2,265,111 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $238,051
- Membership dues
- $200,417
- Program service revenue
- $80,106
- Investment income
- $4,607
- Net rental income
- $2,345
- Net gain from sales of assets
- $2,222
- Other revenue
- $2,345
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $68,281
- Salaries, compensation and benefits (total)
- $73,504
- Professional fundraising fees
- $0
- Accounting fees
- $2,628
- Occupancy
- $74,578
- Depreciation
- $110,421
- Program services (functional)
- $368,481
Balance sheet and other
- Total assets, start of year
- $2,033,972
- Total assets, end of year
- $1,990,600
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,990,600
- Land, buildings and equipment
- $1,850,979
- Gross receipts
- $325,109
- Employees
- 16
- Volunteers
- 12
- Year formed
- 2004
- State of legal domicile
- IA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lee Elbert | Treasurer(Non-voting) Officer | 2 | $0 |
| Karl Bollhagen | President Trustee or director, Officer | 2 | $0 |
| Shawn Hill | Director Trustee or director | 2 | $0 |
| Rick Janssen | Director Trustee or director | 2 | $0 |
| Eric Wagner | Director Trustee or director | 2 | $0 |
| Chase Klein | Director Trustee or director | 2 | $0 |
| Brandon Grefe | Director Trustee or director | 2 | $0 |
| Renee Loughren | Director Trustee or director, Officer | 2 | $0 |
| Kim Price | Non-voting Director Trustee or director | 2 | $0 |
| Chad Johnson | Non-voting Director Trustee or director | 2 | $0 |
| Sarah Kolb | Director Trustee or director | 2 | $0 |
| Brandon Konfrst | Director Trustee or director | 2 | $0 |
| Todd Miller | Director Trustee or director | 2 | $0 |
| Sarah Kolb | Director Trustee or director | 2 | $0 |
| Jerry Shafrath | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lee Elbert | Treasurer(Non-voting) Officer | 2 | $0 |
| Karl Bollhagen | President Trustee or director, Officer | 2 | $0 |
| Shawn Hill | Director Trustee or director | 2 | $0 |
| Rick Janssen | Director Trustee or director | 2 | $0 |
| Eric Wagner | Director Trustee or director | 2 | $0 |
| Chace Klein | Director Trustee or director | 2 | $0 |
| Brandon Grefe | Director Trustee or director | 2 | $0 |
| Renee Loughren | Director Trustee or director | 2 | $0 |
| Kim Price | Non-voting Director Trustee or director | 2 | $0 |
| Chad Johnson | Non-voting Director Trustee or director | 2 | $0 |
| Vanessa Miller | Director Trustee or director | 2 | $0 |
| Sarah Kolb | Director Trustee or director | 2 | $0 |
| Brandon Konfrst | Director Trustee or director | 2 | $0 |
| Todd Miller | Director Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lee Elbert | Treasurer(Non-voting) Officer | 2 | $0 |
| Karl Bollhagen | President Trustee or director, Officer | 2 | $0 |
| Sarah Hansen | Director Trustee or director | 2 | $0 |
| Jennifer Gruelke | Director Trustee or director | 2 | $0 |
| Eric Wagner | Director Trustee or director | 2 | $0 |
| Jon Ault | Director Trustee or director | 2 | $0 |
| Brandon Grefe | Director Trustee or director | 2 | $0 |
| Renee Loughren | Director Trustee or director | 2 | $0 |
| Kim Price | Non-voting Director Trustee or director | 2 | $0 |
| Luke Ross | Non-voting Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 323, HAMPTON, IA 50441-0323
- In care of
- % DENNY EDWARD TREASURER
- Principal officer (990 for 2024)
- Lee Elbert, 1514 Central Ave East, Hampton, IA 50441
- Signed the 990
- Lee Elbert, Treasurer
- Phone
- (641) 456-4741
- Website
- www.franklinwellness.com
- Return prepared by
- JOHN HEILSKOV CPA PLLC
Mission
Community Wellness Center
Program accomplishments
- Operation of community wellness center. Facility provides aquatic, aerobic, & anaerobic excerice equipment and classes. Facilities for court sports (basketball, volleyball, etc.) and community meeting rooms. The center provided services to approximately 1,250 citizens of Franklin County.Expenses $368,481 · revenue $325,109
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 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1518931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P112)
- Assets (IRS master file)
- $1,990,600
- Income (IRS master file)
- $325,109
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $325,109 | $368,481 | $1,990,600 | XML |
| 990 | June 2024 | $389,608 | $620,747 | $2,033,972 | XML |
| 990 | June 2023 | $679,069 | $450,141 | $2,270,111 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | 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 42-1518931).
Questions about FRANKLIN COUNTY R A C E INC
- What is the EIN of FRANKLIN COUNTY R A C E INC?
- The employer identification number (EIN) of FRANKLIN COUNTY R A C E INC is 42-1518931.
- Is FRANKLIN COUNTY R A C E INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to FRANKLIN COUNTY R A C E INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FRANKLIN COUNTY R A C E 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 FRANKLIN COUNTY R A C E 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 FRANKLIN COUNTY R A C E INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FRANKLIN COUNTY R A C E INC?
- The 990 for the year ended June 30, 2025 names Lee Elbert.
- Who are the officers and directors of FRANKLIN COUNTY R A C E INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does FRANKLIN COUNTY R A C E INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $325,109, expenses of $368,481 and total assets of $1,990,600 at year end.
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