Nonprofit · EIN 83-4658072
RACING MAGPIE
Tax-exempt · RAPID CITY, SD 57701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $514,812 | $339,697 | $175,115 | $1,057,467 | $823,597 | $233,870 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $487,153
- of which government grants
- $75,000
- Program service revenue
- $21,960
- Investment income
- $0
- Other revenue
- $5,699
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $200,112
- Salaries, compensation and benefits (total)
- $200,112
- Professional fundraising fees
- $0
- Occupancy
- $14,640
- Program services (functional)
- $273,317
- Management and general (functional)
- $56,028
- Fundraising (functional)
- $10,352
Balance sheet and other
- Total assets, start of year
- $1,766,143
- Total assets, end of year
- $1,057,467
- Total liabilities, end of year
- $823,597
- Net assets, end of year
- $233,870
- Land, buildings and equipment
- $419,335
- Net assets without donor restrictions
- $177,971
- Net assets with donor restrictions
- $55,899
- Gross receipts
- $514,812
- Employees
- 4
- Volunteers
- 10
- Year formed
- 2019
- State of legal domicile
- SD
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, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PETER STRONG | DIRECTOR Trustee or director | 40 | $71,657 |
| MARY BORDEAUX | CREATIVE DIR Trustee or director | 40 | $31,500 |
| MOLINA TWO BULLS | PRESIDENT Trustee or director, Officer | 1 | $0 |
| WADE PATTON | VICE PRESIDE Trustee or director, Officer | 1 | $0 |
| LINDA ANDERSON | SECRETARY Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 801 E SAINT ANDREW ST, RAPID CITY, SD 57701-3928
- Mailing address (990-N for 2019)
- 406 5th Street, Rapid City SD 57701
- Principal officer (990 for 2023)
- MOLINA TWO BULLS, 801 E SAINT ANDREW ST, RAPID CITY, SD 57701
- Principal officer (990-N for 2019)
- Molina Parker, PO Box 257, Hermosa SD 57744
- Signed the 990
- PETER STRONG, DIRECTOR
- Phone
- (605) 646-3334
- Website
- RACINGMAGPIE.COM
- Return prepared by
- DESMET CPA GROUP LLC
Mission
TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.
Program accomplishments
- TO ELEVATE AND AMPLIFY NATIVE AND OTHER ARTISTS AND THEIR COMMUNITIES THROUGH EDUCATION, CULTURAL, AND RESEARCH PROGRAMS.Expenses $273,317 · revenue $21,960
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-4658072
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A20)
- Assets (IRS master file)
- $1,057,467
- Income (IRS master file)
- $514,812
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $514,812 | $339,697 | $1,057,467 | XML |
| 990 | December 2022 | $224,542 | $309,485 | $1,766,143 | IRS |
| 990 | December 2021 | $316,238 | $173,786 | $836,507 | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: Molina Parker | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-4658072).
Questions about RACING MAGPIE
- What is the EIN of RACING MAGPIE?
- The employer identification number (EIN) of RACING MAGPIE is 83-4658072.
- Is RACING MAGPIE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to RACING MAGPIE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACING MAGPIE 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 MAGPIE 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 RACING MAGPIE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of RACING MAGPIE?
- The 990 for the year ended December 31, 2023 names MOLINA TWO BULLS.
- Who are the officers and directors of RACING MAGPIE?
- The 990 for the year ended December 31, 2023 lists 5 people; 2 received compensation from the organization, the highest $71,657 (PETER STRONG, DIRECTOR).
- How much revenue does RACING MAGPIE have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $514,812, expenses of $339,697 and total assets of $1,057,467 at year end.
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