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Nonprofit · EIN 92-3382755

UNLV FORMULA RACING

Tax-exempt · LAS VEGAS, NV 89154

Financials

$79K$49K2023
Revenue Expenses · by fiscal year end
Financials of UNLV FORMULA RACING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2024990-EZ$79,402$48,897$30,505$30,505$0$30,505
Financial details: 990-EZ for the year ended May 31, 2024

Revenue

Contributions, gifts and grants
$79,154
Program service revenue
$0
Investment income
$0
Net income from fundraising events
$248
Other revenue
$0

Expenses

Grants and similar amounts paid
$48,897
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$30,505
Total liabilities, end of year
$0
Net assets, end of year
$30,505
Cash, savings and investments
$30,505
Gross receipts
$79,636

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 May 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Addison CobbMechanical System Officer30$0
Katerina KotchevaPresident30$0

Address and contacts

Address (IRS master file)
4505 S MARYLAND PKWY MSC 4027, LAS VEGAS, NV 89154-9900
In care of
% BRENDAN OTOOLE
Mailing address (990-N for 2025)
4505 S Maryland Pkwy Mail Stop 4027, Las Vegas NV 89154
Principal officer (990-N for 2025)
Ben Sutton, 4505 S Maryland Pkwy Mail Stop 4027, Las Vegas NV 89154
Signed the 990-EZ
Addison Cobb, Mechanical Systems Officer

Mission

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-gove

990-EZ for the year ended May 31, 2024

Program accomplishments

  • Teaching students how to design, construct, and race an electric FSAE Vehicle for the 2025 competition.

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026990-N on file
2024May 31, 2025October 15, 2025990-N on file
2023May 31, 2024October 15, 2024990-EZ on file

IRS record

EIN
92-3382755
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
2023
Accounting year ends
May
Files
Form 990-N (e-Postcard)

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-N for 2025
Officer: Ben Sutton
May 31, 2026≤ $50,000 receipts––e-Postcard
990-N for 2024
Officer: Ben Sutton
May 31, 2025≤ $50,000 receipts––e-Postcard
990-EZMay 2024$79,402$48,897$30,505XML

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 92-3382755).

Questions about UNLV FORMULA RACING

What is the EIN of UNLV FORMULA RACING?
The employer identification number (EIN) of UNLV FORMULA RACING is 92-3382755.
Is UNLV FORMULA RACING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to UNLV FORMULA RACING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does UNLV FORMULA RACING file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of UNLV FORMULA RACING due?
The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did UNLV FORMULA RACING last file with the IRS?
The latest return in the IRS public files is the 990-N for 2025 for the year ended May 31, 2026.
Who is the principal officer of UNLV FORMULA RACING?
The 990-N for 2025 names Ben Sutton.
Who are the officers and directors of UNLV FORMULA RACING?
The 990-EZ for the year ended May 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does UNLV FORMULA RACING have?
On its 990-EZ for the year ended May 31, 2024 it reported revenue of $79,402, expenses of $48,897 and total assets of $30,505 at year end.

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