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Nonprofit · EIN 88-4132834

WE CAN ALL RACE INC

Tax-exempt · HOMESTEAD, FL 33033

Financials

$104K$105K2023$114K$114K2024
Revenue Expenses · by fiscal year end
Financials of WE CAN ALL RACE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$114,287$114,234$53$1,653–$1,653
December 31, 2023990-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.

NameTitleHours / weekCompensation
Walter Jenkins IIIPresident5$0
Valencia MorrisSecretary0.5$0
Adrian LopezDirector0.5$0
Douglas P HenryTreasurer/Director0.5$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Walter Jenkins IIIPresident5$0
Valencia MorrisSecretary0.5$0
Adrian LopezDirector0.5$0
Denson StilwellTreasurer/Director0.5$0
Douglas P HenryDirector0.5$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
Return prepared by
Y J Michel & Associates PA

Mission

To assist disadvantaged young racers to participate in motorsport.

990-EZ for the year ended December 31, 2024

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-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

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$114,287$114,234$1,653IRS
990-EZDecember 2023$104,114$105,283$1,600XML
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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