Nonprofit · EIN 47-2437738
J&A RACING FOUNDATION INC
Tax-exempt · VIRGINIA BEACH, VA 23455
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $167,381 | $177,432 | -$10,051 | $1,688 | $0 | $1,688 |
| December 31, 2024 | 990-PF | $199,037 | $198,410 | $627 | $11,739 | $0 | $11,739 |
| December 31, 2023 | 990-PF | $202,547 | $191,823 | $10,724 | $10,960 | $0 | $10,960 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $167,381
Expenses
- Grants and similar amounts paid
- $52,617
- Disbursements for charitable purposes
- $174,942
Balance sheet and other
- Total assets, start of year
- $11,739
- Total assets, end of year
- $1,688
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,688
- Fair market value of assets
- $1,688
- Qualifying distributions
- $174,942
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-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lori Cooper 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Joel Myers 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Mark Cockrell 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Amy Frostick 3601 Shore Drive, Virginia Beach, VA 23455 | President | 0.5 | $0 |
| Jerry Frostick 3601 Shore Drive, Virginia Beach, VA 23455 | Secretary | 0.5 | $0 |
990-PF for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lori Cooper 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Joel Myers 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Mark Cockrell 3601 Shore Drive, Virginia Beach, VA 23455 | Director | 0.5 | $0 |
| Amy Frostick 3601 Shore Drive, Virginia Beach, VA 23455 | President | 0.5 | $0 |
| Jerry Frostick 3601 Shore Drive, Virginia Beach, VA 23455 | Secretary | 0.5 | $0 |
990-PF for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amy Frostick 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455 | President | 0.5 | $0 |
| Jerry Frostick 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455 | Secretary | 0.5 | $0 |
| Lori Cooper 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455 | Director | 0.5 | $0 |
| Joel Myers 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455 | Director | 0.5 | $0 |
| Mark Cockrell 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455 | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 3601 SHORE DRIVE, VIRGINIA BEACH, VA 23455-1725
- Signed the 990-PF
- Amy Frostick, President
- Phone
- (757) 412-1056
- Return prepared by
- Forvis Mazars LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 47-2437738
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Public and societal benefit (W12)
- Assets (IRS master file)
- $1,688
- Income (IRS master file)
- $167,381
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $167,381 | $177,432 | $1,688 | IRS |
| 990-PF | December 2024 | $199,037 | $198,410 | $11,739 | XML |
| 990-PF | December 2023 | $202,547 | $191,823 | $10,960 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | 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 47-2437738).
Questions about J&A RACING FOUNDATION INC
- What is the EIN of J&A RACING FOUNDATION INC?
- The employer identification number (EIN) of J&A RACING FOUNDATION INC is 47-2437738.
- Is J&A RACING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to J&A RACING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does J&A RACING FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of J&A RACING FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did J&A RACING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of J&A RACING FOUNDATION INC?
- The 990-PF for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does J&A RACING FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $167,381, expenses of $177,432 and total assets of $1,688 at year end.
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