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Nonprofit · EIN 85-0750246

RACING FOR ALS INC

Tax-exempt · APEX, NC 27539

Financials

$877K$920K2023$1M$983K2024$506K$612K2025
Revenue Expenses · by fiscal year end
Financials of RACING FOR ALS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$506,322$611,804-$105,482$86,683$0$86,683
December 31, 2024990 (amended)$1,041,063$983,179$57,884$199,119$6,954$192,165
December 31, 2023990$876,986$920,332-$43,346$210,318$76,037$134,281
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$515,365
Program service revenue
$0
Investment income
-$9,043
Net gain from sales of assets
-$9,044
Other revenue
$0

Expenses

Grants and similar amounts paid
$386,994
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$3,965
Travel
$4,446
Depreciation
$44,442
Program services (functional)
$611,804

Balance sheet and other

Total assets, start of year
$199,119
Total assets, end of year
$86,683
Total liabilities, end of year
$0
Net assets, end of year
$86,683
Land, buildings and equipment
$35,031
Gross receipts
$552,866
Employees
0
Volunteers
0
Year formed
2020
State of legal domicile
NC

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
SCOTT LLOYDPRESIDENT
Officer
5$0
CAMERON SINGLETONVICE-PRESIDENT
Officer
5$0
MARYA LLOYDSECRETARY/TREASURER
Officer
5$0
ANDREW TRAMMELTREASURER
Officer
5$0
990 for the year ended December 31, 2024: 4 people
NameTitleHours / weekCompensation
SCOTT LLOYDPRESIDENT
Officer
5$0
CAMERON SINGLETONVICE-PRESIDENT
Officer
5$0
MARYA LLOYDSECRETARY/TREASURER
Officer
5$0
ANDREW TRAMMELTREASURER
Officer
5$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
SCOTT LLOYDPRESIDENT
Officer
5$0
CAMERON SINGLETONVICE-PRESIDENT
Officer
5$0
MARYA LLOYDSECRETARY/TREASURER
Officer
5$0
ANDREW TRAMMELTREASURER
Officer
5$0

Address and contacts

Address (IRS master file)
3513 FOY GLEN CT, APEX, NC 27539-3683
Principal officer (990 for 2025)
SCOTT LLOYD, 3513 FOY GLEN CT, APEX, NC 27539
Signed the 990
SCOTT LLOYD, PRESIDENT
Phone
(919) 387-9892
Return prepared by
HAIGH BYRD & LAMBERT LLP

Mission

TO RAISE FUNDS AND AWARENESS FOR RESEARCH AND TREATMENT OF MOTOR NEURON DISEASE (ALS).

990 for the year ended December 31, 2025

Program accomplishments

  • DURING CALENDAR YEAR 2025 RACING FOR ALS, INC. ADMINISTERED GRANTS IN SUPPORT AND CARE OF INDIVIDUALS WITH ALS.
    Expenses $611,804 · grants $386,994 · revenue $506,322

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-0750246
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
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$86,683
Income (IRS master file)
$552,866

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$506,322$611,804$86,683XML
990December 2024$1,041,063$983,179$199,119XML
990December 2023$876,986$920,332$210,318XML
990December 2022$0$0$161,073IRS
990December 2021–––IRS
990December 2020–––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 85-0750246).

Questions about RACING FOR ALS INC

What is the EIN of RACING FOR ALS INC?
The employer identification number (EIN) of RACING FOR ALS INC is 85-0750246.
Is RACING FOR ALS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to RACING FOR ALS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RACING FOR ALS 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 RACING FOR ALS 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 RACING FOR ALS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of RACING FOR ALS INC?
The 990 for the year ended December 31, 2025 names SCOTT LLOYD.
Who are the officers and directors of RACING FOR ALS INC?
The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
How much revenue does RACING FOR ALS INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $506,322, expenses of $611,804 and total assets of $86,683 at year end.

Other nonprofits in APEX

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