Nonprofit · EIN 42-1546327
RACE FOR EDUCATION INC
Tax-exempt · LEXINGTON, KY 40509
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $157,916 | $227,133 | -$69,217 | $644,126 | $11,534 | $632,592 |
| December 31, 2024 | 990 | $724,025 | $153,774 | $570,251 | $713,342 | $11,534 | $701,808 |
| December 31, 2023 | 990 | $82,340 | $156,036 | -$73,696 | $141,571 | $10,014 | $131,557 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $157,916
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $182,165
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,424
- Program services (functional)
- $182,165
- Management and general (functional)
- $44,968
Balance sheet and other
- Total assets, start of year
- $713,342
- Total assets, end of year
- $644,126
- Total liabilities, end of year
- $11,534
- Net assets, end of year
- $632,592
- Publicly traded securities
- $491,415
- Gross receipts
- $157,916
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- KY
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISABETH JENSEN | DIRECTOR Trustee or director | 5 | $0 |
| KEVIN O'KEEFE | CHAIR Trustee or director, Officer | 1 | $0 |
| SHANNON M COBB | SECRETARY Trustee or director, Officer | 1 | $0 |
| GABRIELLE BREDIN | DIRECTOR Trustee or director | 1 | $0 |
| BILL CASNER | DIRECTOR Trustee or director | 1 | $0 |
| FRED SARVER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID INGORDO | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA HAMELBACK | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HOSKINS | DIRECTOR Trustee or director | 1 | $0 |
| AMY LAWYER | DIRECTOR Trustee or director | 1 | $0 |
| DIXIE KENDALL | DIRECTOR Trustee or director | 1 | $0 |
| REESE KOFFLER-STANFIELD | DIRECTOR Trustee or director | 1 | $0 |
| LAURA MAYS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISABETH JENSEN | DIRECTOR Trustee or director | 5 | $0 |
| KEVIN O'KEEFE | CHAIR Trustee or director, Officer | 1 | $0 |
| SHANNON M COBB | SECRETARY Trustee or director, Officer | 1 | $0 |
| GABRIELLE BREDIN | DIRECTOR Trustee or director | 1 | $0 |
| BILL CASNER | DIRECTOR Trustee or director | 1 | $0 |
| FRED SARVER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID INGORDO | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA HAMELBACK | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HOSKINS | DIRECTOR Trustee or director | 1 | $0 |
| AMY LAWYER | DIRECTOR Trustee or director | 1 | $0 |
| DIXIE KENDALL | DIRECTOR Trustee or director | 1 | $0 |
| REESE KOFFLER-STANFIELD | DIRECTOR Trustee or director | 1 | $0 |
| LAURA MAYS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELISABETH JENSEN | DIRECTOR Trustee or director | 5 | $0 |
| KATIE LAMONICA | CHAIR Trustee or director, Officer | 1 | $0 |
| SHANNON M COBB | TREASURER Trustee or director, Officer | 1 | $0 |
| GABRIELLE BREDIN | DIRECTOR Trustee or director | 1 | $0 |
| PRICE BELL | DIRECTOR Trustee or director | 1 | $0 |
| FRED SARVER | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN O'KEEFE | DIRECTOR Trustee or director | 1 | $0 |
| CASE CLAY | DIRECTOR Trustee or director | 1 | $0 |
| DEBRA HAMELBACK | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS HOSKINS | DIRECTOR Trustee or director | 1 | $0 |
| AMY LAWYER | DIRECTOR Trustee or director | 1 | $0 |
| JAMIE MACLEOD | DIRECTOR Trustee or director | 1 | $0 |
| REESE KOFFLER-STANFIELD | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2560 RICHMOND RD, LEXINGTON, KY 40509-1769
- Principal officer (990 for 2025)
- ELISABETH JENSEN, 2560 RICHMOND RD, LEXINGTON, KY 40509
- Signed the 990
- ELISABETH JENSEN, PRESIDENT
- Phone
- (859) 252-8648
- Return prepared by
- Katherine M Johnson CPA
Mission
TO PROVIDE OPPORTUNITIES FOR EDUCATIONAL SUCCESS FOR YOUNG PEOPLE WITH SIGNIFICANT NEEDS
Program accomplishments
- SCHOLARSHIPS AND GRANTS-PROVIDING SUPPORT TO YOUNG PEOPLE WITH SIGNIFICANT FINANCIAL NEEDS AND ACADEMIC CHALLENGES. SCHOLARSHIPS ENSURE YOUNG MEMBERS OF THE COMMUNITY BECOME SUCCESSFUL IN LIFE AND ASSETS TO THEIR COMMUNITY.Expenses $135,415 · grants $135,415
- PROVIDING GRANTS AND SPONSORSHIPS TO ORGANIZATIONS THAT ASSIST IN INCREASING LITERACY WORLDWIDEExpenses $46,750 · grants $46,750
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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1546327
- 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
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $644,126
- Income (IRS master file)
- $157,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $157,916 | $227,133 | $644,126 | IRS |
| 990 | December 2024 | $724,025 | $153,774 | $713,342 | XML |
| 990 | December 2023 | $82,340 | $156,036 | $141,571 | XML |
| 990 | December 2022 | $175,567 | $163,814 | $215,267 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
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 42-1546327).
Questions about RACE FOR EDUCATION INC
- What is the EIN of RACE FOR EDUCATION INC?
- The employer identification number (EIN) of RACE FOR EDUCATION INC is 42-1546327.
- Is RACE FOR EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to RACE FOR EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RACE FOR EDUCATION 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 RACE FOR EDUCATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RACE FOR EDUCATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RACE FOR EDUCATION INC?
- The 990 for the year ended December 31, 2025 names ELISABETH JENSEN.
- Who are the officers and directors of RACE FOR EDUCATION INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does RACE FOR EDUCATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $157,916, expenses of $227,133 and total assets of $644,126 at year end.
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