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Philly Races Inc

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

EIN: 472298932 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

Overview

What is Philly Races Inc?

Philly Races Inc, established in Philadelphia, Pennsylvania, serves as a collaborative advocate for the City of Philadelphia Parks and Recreation Department (PPR). Their primary mission is to support and promote PPR's activities. One of their most significant initiatives is the organization of the Blue Cross Broad Street Run, which is the nation's largest 10-mile race. This event, managed in collaboration with city agencies and over 90 volunteer groups, brings together the community and contributes to an active and engaged city life. Philly Races Inc, as a nonprofit organization, operates with a charitable and educational purpose, focusing on supporting and advocating for PPR.


Is Philly Races Inc legitimate?

Philly Races Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philly Races 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.

Here 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 Philly Races Inc?
Who is the CEO of Philly Races Inc?
What is the revenue of Philly Races Inc?
Who are the executives of Philly Races Inc and what are their salaries?
Where can I find the form 990 for Philly Races Inc?

Mission Statement of Philly Races Inc

Philly Races Inc, a nonprofit organization, is dedicated to serving as a collaborative advocate for the City of Philadelphia Parks and Recreation Department (PPR). The mission of Philly Races Inc is multifaceted, aimed at supporting PPR in its endeavors. This collaboration involves advocating for the department's interests and promoting its initiatives within the community.

Established for charitable and educational purposes, Philly Races Inc plays a significant role in supporting PPR by operating the Blue Cross Broad Street Run. This annual 10-mile race is a significant event in the city, managed by PPR with the assistance of city agencies and more than 90 volunteer groups. Philly Races Inc's involvement in this event underscores its commitment to collaborating with PPR and contributing to the city's recreational activities. The Broad Street Run is not just a race; it's a testament to Philly Races Inc's dedication to promoting physical fitness, community engagement, and supporting PPR's mission to provide recreational opportunities for the city's residents.

Impact

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




Saturday, July 20, 2024

Philly Races Inc's impact lies in its role as a collaborative advocate for the City of Philadelphia Parks and Recreation Department (PPR). Through organizing the Broad Street Run, which is the nation's largest 10-mile race managed in partnership with the PPR and various city agencies and volunteer groups, Philly Races Inc contributes to promoting physical activity, community engagement, and the enhancement of public spaces in Philadelphia. By focusing on charitable and educational purposes, Philly Races Inc plays a vital role in supporting and enhancing the city's recreational opportunities and overall well-being.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $1,799,966
  • Gross Receipts: $2,504,992

    • Assets and Liabilities:
  • Total Assets: $1,408,741
  • Total Liabilities: $0
  • Net Assets: $1,408,741
  • Programs

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

    RACE REGISTRATION - INDIVIDUALS

    Revenue

    $1,764,333

    EXPO INCOME

    Revenue

    $16,200

    REBATE INCOME

    Revenue

    $12,287

    REFUNDS

    Revenue

    $7,146

    Organization Details

    Founding Year

    2014

    Principal Officer

    Peter Mooney

    Main Address

    1515 ARCH ST, PHILADELPHIA, PA, 19102

    NTEE Category

    Code: N11 - Recreation

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