Unlimited Race Class Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474944279 ✦ Templeton, CA ✦ Designated as a 501(c)(7)

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Overview

What is Unlimited Race Class Inc?

Unlimited Race Class Inc is a nonprofit organization dedicated to the promotion of unlimited air racing. Their primary activities involve training new pilots, managing the number of air racing aircraft, and acting as a liaison between air racing venues and competing groups. Essentially, they aim to foster a supportive environment for unlimited air racing, nurturing new talent, and facilitating seamless collaboration between various parties involved in the sport.

Is Unlimited Race Class Inc legitimate?

Unlimited Race Class Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Unlimited Race Class Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Unlimited Race Class Inc?

Unlimited Race Class Inc's mission involves promoting the Unlimited air racing group, training new pilots, managing the number of air racing aircraft, and serving as a bridge between air race venues and racing groups. Essentially, the organization's role is to foster the growth and development of unlimited air racing, while also providing a platform for new pilots to learn and participate in the sport. They act as a mediator, ensuring smooth coordination between air race venues and racing groups, thereby contributing to the overall success of unlimited air racing events.

Who is the CEO of Unlimited Race Class Inc?

Sherman Smoot is the President of Unlimited Race Class Inc.

What is the revenue of Unlimited Race Class Inc?

Unlimited Race Class Inc's revenue in 2021 was $447,800.

Who are the executives of Unlimited Race Class Inc and what are their salaries?

There 5 volunteers at Unlimited Race Class Inc.


Here are 3 key members and their salaries:


Shannon Swager (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dennis Sanders (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherman Smoot (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Unlimited Race Class Inc?

Unlimited Race Class Inc's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of Unlimited Race Class Inc

Unlimited Race Class Inc, an organization dedicated to unlimited air racing, fulfills several crucial roles. Primarily, it serves to promote the unlimited air racing group, fostering interest and engagement within this niche community. Beyond promotion, Unlimited Race Class Inc also plays a significant part in developing new pilots, providing them with the necessary training to navigate the complexities of air racing.

In addition to its pilot training program, Unlimited Race Class Inc is also responsible for managing the numbers of air racing aircraft. This role involves ensuring the appropriate allocation and organization of aircraft within the racing community, ensuring a smooth and efficient running of the events. Lastly, Unlimited Race Class Inc acts as an intermediary between air race venues and racing groups, facilitating communication and collaboration between the two parties. This intermediary role is essential in establishing successful and enjoyable racing events for all involved.

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Impact




October, 2024

Unlimited Race Class Inc plays a crucial role in the promotion and advancement of unlimited air racing. By fostering a community dedicated to this exhilarating sport, the organization facilitates the growth of new talent through pilot training programs, ensuring a steady influx of skilled individuals into the racing circuit.

Additionally, Unlimited Race Class Inc manages the numbers and types of air racing aircraft, helping to maintain a balanced and safe racing environment. This oversight is vital for the integrity of the sport, allowing for fair competition and adherence to safety standards.

Acting as an intermediary between air race venues and racing groups further strengthens the organization’s impact. This role helps streamline communications and logistics, ensuring smooth operations during events and enhancing the overall experience for both participants and spectators.

Through these initiatives, Unlimited Race Class Inc not only promotes the excitement of air racing but also cultivates a vibrant community that values skill, safety, and the spirit of competition.




This information is meant to be a general summary of Unlimited Race Class Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$447,800 (2021)
Expenses
$437,772 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $447,800
  • Gross Receipts: $447,800

Assets and Liabilities:

  • Total Assets: $16,730
  • Total Liabilities: $0
  • Net Assets: $16,730

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RACE FUNDING

Revenue

$447,800

Organization Details

Founding Year

2015

Principal Officer

Sherman Smoot

Main Address

1850 TEMPLETON RD, TEMPLETON, CA, 93465

NTEE Category

Code: Y11 - Mutual benefit

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