Nonprofit · EIN 88-4132834
WE CAN ALL RACE INC
Tax-exempt · HOMESTEAD, FL 33033
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $114,287 | $114,234 | $53 | $1,653 | – | $1,653 |
| December 31, 2023 | 990-EZ | $104,114 | $105,283 | -$1,169 | $1,600 | – | $1,600 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $114,287
Expenses
- Grants and similar amounts paid
- $111,340
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $1,500
- Printing, publications and postage
- $18
- Other expenses
- $1,376
- Program services (functional)
- $111,340
Balance sheet and other
- Total assets, start of year
- $1,600
- Total assets, end of year
- $1,653
- Total liabilities, end of year
- –
- Net assets, end of year
- $1,653
- Cash, savings and investments
- $1,653
- Gross receipts
- $114,287
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Jenkins III | President | 5 | $0 |
| Valencia Morris | Secretary | 0.5 | $0 |
| Adrian Lopez | Director | 0.5 | $0 |
| Douglas P Henry | Treasurer/Director | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Walter Jenkins III | President | 5 | $0 |
| Valencia Morris | Secretary | 0.5 | $0 |
| Adrian Lopez | Director | 0.5 | $0 |
| Denson Stilwell | Treasurer/Director | 0.5 | $0 |
| Douglas P Henry | Director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 4075 NE 15TH ST, HOMESTEAD, FL 33033-5906
- In care of
- % WALTER JENKINS III
- Mailing address (990-N for 2022)
- 1436 NE 40th Rd, Homestead FL 33033
- Principal officer (990-N for 2022)
- Walter Jenkins III, 1436 NE 40th RD, Homestead FL 33033
- Signed the 990-EZ
- Walter Jenkins III, President
- Phone
- (786) 889-7808
- Website
- wecanallrace.com
- Return prepared by
- Y J Michel & Associates PA
Mission
To assist disadvantaged young racers to participate in motorsport.
Program accomplishments
- To provide scholarships, guidance and mentorship to young, talented racers.Expenses $111,340 · grants $111,340
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 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-4132834
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1,653
- Income (IRS master file)
- $114,287
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $114,287 | $114,234 | $1,653 | IRS |
| 990-EZ | December 2023 | $104,114 | $105,283 | $1,600 | XML |
| 990-N for 2022 Officer: Walter Jenkins III | December 31, 2022 | ≤ $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 88-4132834).
Questions about WE CAN ALL RACE INC
- What is the EIN of WE CAN ALL RACE INC?
- The employer identification number (EIN) of WE CAN ALL RACE INC is 88-4132834.
- Is WE CAN ALL RACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to WE CAN ALL RACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WE CAN ALL RACE 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 WE CAN ALL RACE INC 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 WE CAN ALL RACE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who is the principal officer of WE CAN ALL RACE INC?
- The 990-N for 2022 names Walter Jenkins III.
- Who are the officers and directors of WE CAN ALL RACE INC?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does WE CAN ALL RACE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $114,287, expenses of $114,234 and total assets of $1,653 at year end.
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