Nonprofit · EIN 85-3160982
RACING FOR CHARITY INC
Tax-exempt · TWIN FALLS, ID 83303
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $14,000 | $4,004 | $9,996 | $16,842 | $0 | $16,842 |
| December 31, 2024 | 990-PF | $159,487 | $206,424 | -$46,937 | $6,846 | $0 | $6,846 |
| December 31, 2023 | 990-PF | $265,403 | $273,139 | -$7,736 | $53,783 | $0 | $53,783 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Other income
- $14,000
Expenses
- Grants and similar amounts paid
- $0
Balance sheet and other
- Total assets, start of year
- $6,846
- Total assets, end of year
- $16,842
- Total liabilities, end of year
- $0
- Net assets, end of year
- $16,842
- Fair market value of assets
- $16,842
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 |
|---|---|---|---|
| PENELOPE PARKER PO BOX 5199, TWIN FALLS, ID 833035199 | PRESIDENT | 0 | $0 |
| ANN LIVELY 911 BROWN, BUHL, ID 83316 | DIRECTOR | 0 | $0 |
| KELLY PETERSON 451 EASTLAND STE 1C, TWIN FALLS, ID 83301 | CO-TREASURER | 0 | $0 |
| LAURIE LICKLEY 445 E 400 S, JEROME, ID 83338 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PENELOPE PARKER PO BOX 5199, TWIN FALLS, ID 833035199 | PRESIDENT | 0 | $0 |
| ANN LIVELY 911 BROWN, BUHL, ID 83316 | DIRECTOR | 0 | $0 |
| KELLY PETERSON 451 EASTLAND STE 1C, TWIN FALLS, ID 83301 | CO-TREASURER | 0 | $0 |
| LAURIE LICKLEY 445 E 400 S, JEROME, ID 83338 | DIRECTOR | 0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PENELOPE PARKER PO BOX 5199, TWIN FALLS, ID 833035199 | PRESIDENT | 0 | $0 |
| ANN LIVELY 911 BROWN, BUHL, ID 83316 | DIRECTOR | 0 | $0 |
| KELLY PETERSON 451 EASTLAND STE 1C, TWIN FALLS, ID 83301 | CO-TREASURER | 0 | $0 |
| LAURIE LICKLEY 445 E 400 S, JEROME, ID 83338 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5199, TWIN FALLS, ID 83303-5199
- In care of
- % PENELOPE PARKER
- Signed the 990-PF
- KELLY PETERSON, CO-TREASURER
- Phone
- (208) 735-8812
- Website
- WWW.RACINGFORCHARITY.COM
- Return prepared by
- RUTH S PIERCE CPA CHTD
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
- 85-3160982
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Human services (P01)
- Assets (IRS master file)
- $16,842
- Income (IRS master file)
- $14,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $14,000 | $4,004 | $16,842 | XML |
| 990-PF | December 2024 | $159,487 | $206,424 | $6,846 | XML |
| 990-PF | December 2023 | $265,403 | $273,139 | $53,783 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 85-3160982).
Questions about RACING FOR CHARITY INC
- What is the EIN of RACING FOR CHARITY INC?
- The employer identification number (EIN) of RACING FOR CHARITY INC is 85-3160982.
- Is RACING FOR CHARITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to RACING FOR CHARITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does RACING FOR CHARITY INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of RACING FOR CHARITY 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 CHARITY 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 RACING FOR CHARITY INC?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does RACING FOR CHARITY INC have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $14,000, expenses of $4,004 and total assets of $16,842 at year end.
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