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Racor INC FY2020 filing

Tax-deductible

Eau Claire, WI501(c)(3) EIN 39-1501522Revenue $212K in FY2020

On file with the IRSstjohnhousing.comPo Box 720, 54702-0720 · Eau Claire, WITax-exempt since Jun 1985Publicly supported — 509(a)(2)

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Provide housing for the elderly.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
$41K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $38K a year · 19% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
16 mo
of spending, in cash
Looks good: 15.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 7 voting members
Looks good: 6 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$212K
Spent
$170K
To programs
94%
Net assets
$923K
By yearFY2020–FY2025
Revenue
$212K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$212K
FY2021$219K
FY2022$215K
FY2023$179K
FY2024$195K
FY2025$200K
Expenses
$170K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$170K
FY2021$168K
FY2022$172K
FY2023$158K
FY2024$147K
FY2025$176K
Net assets
$923K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$923K
FY2021$951K
FY2022$994K
FY2023$1.0M
FY2024$1.1M
FY2025$1.1M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1985.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $160K Management & general 6% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Marlo a Orth
President
$40,735Pt VII · Sec A
$0Pt VII · Sec A
Paul Benish
Treasurer
$0Pt VII · Sec A
Greg Brandt
Vice President
$0Pt VII · Sec A
Ann Gordon
Director
$0Pt VII · Sec A
Judi Moseley
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Marlo a Orth$7,740$30,000$30,000$40,735

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides safe and affordable housing for seniors.

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Provided by the organization

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1 program · $160K · in their own filed words · FY2020
01

To provide housing for the elderly

$160Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$212K
Ln 12
Fees for servicesLn 2g$204K
Investment incomeLn 3$8K
Money outPt IX
$170K
Ln 25
Programscol B$160K
Managementcol C$10K
Owns and owesPt X
$923K
net assets · Ln 32
Cash and savingsLn 1–2$221K
Total assetsLn 16$973K
LiabilitiesLn 26$50K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$204K
Investment incomeLn 3$8K
Total revenueLn 12$212K
Assets in detailPt X, end of year
CashLn 1$152K
SavingsLn 2$69K
Cash and savings togetherLn 1–2$221K
Land, buildings, equipmentLn 10c$376K
Other assetsLn 15$369K
Total assetsLn 16$973K
LiabilitiesLn 26$50K
Net assetsLn 32$923K
OperationsPt I, VI
EmployeesI 52
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$147K$221K
Land, buildings, equipmentLn 10c$400K$376K
Total assetsLn 16$900K$973K
LiabilitiesLn 26$42K$50K
Net assetsLn 32$858K$923K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$30K$30K
Other salaries and wagesLn 7$48K$48K
Payroll taxesLn 10$4K$4K
Accounting feesLn 11c$7K$7K
Office expensesLn 13$532$532
OccupancyLn 16$35K$35K
Depreciation, depletion and amortizationLn 22$31K$31K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$8K$6K$2K
Total functional expensesLn 25$170K$160K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $200K$176K$24K$1.1M 990 PDF
FY2024 $195K$147K$48K$1.1M 990 PDF
FY2023 $179K$158K$20K$1.0M 990 PDF
FY2022 $215K$172K$43K$994K 990 PDF
FY2021 $219K$168K$51K$951K 990 PDF
FY2020 Viewing $212K$170K$43K$923K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $212,156 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $215,560$203,720
I-10 Investment incomePrior year −$3,124$8,436
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $212,436$212,156
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $84,446$82,202
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $94,299$87,437
I-18 Total expensesPrior year $178,745$169,639
I-19 Revenue less expensesPrior year $33,691$42,517
Part VI · Governance 6 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $212,156 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $203,720$203,720
VIII-3 Investment incomeExcluded from tax $8,436$8,436
VIII-12 Total revenueRelated to mission $203,720 · Unrelated business $0 · Excluded from tax $8,436$212,156
Part IX · Statement of functional expenses $169,639 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $30,000$30,000
IX-7 Other salaries and wagesPrograms $47,917$47,917
IX-10 Payroll taxesPrograms $4,285$4,285
IX-11c Accounting feesManagement $6,860$6,860
IX-13 Office expensesManagement $532$532
IX-16 OccupancyPrograms $35,261$35,261
IX-22 Depreciation, depletion and amortizationPrograms $30,775$30,775
IX-23 InsurancePrograms $5,774$5,774
IX-24 Other expenses (24a–d)Programs $6,024 · Management $2,211$8,235
IX-25 Total functional expensesPrograms $160,036 · Management $9,603 · Fundraising $0$169,639
Part X · Balance sheet $972,913 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $80,674$151,976
X-2 Savings and temporary cash investmentsStart of year $66,735$69,487
X-9 Prepaid expenses and deferred chargesStart of year $6,208$5,612
X-10c Land, buildings and equipment, netStart of year $400,057$376,355
X-15 Other assetsStart of year $346,087$369,483
X-16 Total assetsStart of year $899,761$972,913
X-17 Accounts payable and accrued expensesStart of year $22,977$28,347
X-19 Deferred revenueStart of year $8,676$10,956
X-25 Other liabilitiesStart of year $10,506$10,646
X-26 Total liabilitiesStart of year $42,159$49,949
X-32 Total net assets or fund balancesStart of year $857,602$922,964
X-33 Total liabilities and net assetsStart of year $899,761$972,913
Part XI · Reconciliation of net assets $922,964 net assets at year end
XI-1 Total revenue$212,156
XI-2 Total expenses$169,639
XI-3 Revenue less expenses$42,517
XI-4 Net assets at start of year$857,602
XI-9 Other changes in net assets$22,845
XI-10 Net assets at end of year$922,964

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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