The Kurt Caselli Foundation FY2022 filing

Tax-deductible

Camarillo, CA501(c)(3)Since 2013Youth DevelopmentEIN 46-4347626Revenue $236K in FY2022

On file with the IRSkurtcaselli.comPo Box 2666, 93011-2666 · Camarillo, CATax-exempt since Oct 2014Publicly supported charity — 170(b)(1)(A)(vi)

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To help minimize the inherent dangers in the off-road motorcycling industry by encouraging, developing, and standardizing safety precautions; by developing, establishing, and encouraging the use of safety equipment and policies to increase rider safety; and by providing a safety net that allows and encourages former racers to further their education and reach career goals for themselves and their families.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
4 of 6
filings with a surplus
Average deficit $10K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $10K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$15K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
-10% vs prior year
Spent
$274K
To programs
90%
Net assets
$367K
By yearFY2020–FY2025
Revenue
$236K
FY2022▼ -10%
Tap a bar for its year
Revenue by fiscal year
FY2020$195K
FY2021$261K
FY2022$236K
FY2023$200K
FY2024$322K
FY2025$262K
Expenses
$274K
FY2022▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$195K
FY2021$259K
FY2022$274K
FY2023$249K
FY2024$316K
FY2025$240K
Net assets
$367K
FY2022▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$405K
FY2021$406K
FY2022$367K
FY2023$319K
FY2024$325K
FY2025$347K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Oct 2014.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $247K Management & general 10% · $27K Fundraising 0% · $99

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Kurt Caselli Foundation executive salaries →

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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

Promotes off-road motorcycle safety and supports former racers' education and careers.

Provided by the organization

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1 program · $247K · in their own filed words · FY2022
01

To raise money to promote safety in the off-road motorcycling industry and to provide a safety net that allows and encourages former racers to further their education and reach their career goals.

$247Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$236K
Ln 12
Gifts and grantsLn 1h$175K
Other incomeLn 4–11$50K
Investment incomeLn 3$11K
Money outPt IX
$274K
Ln 25
Programscol B$247K
Managementcol C$27K
Fundraisingcol D$99
Owns and owesPt X
$367K
net assets · Ln 32
Cash and savingsLn 1–2$278K
Total assetsLn 16$382K
LiabilitiesLn 26$15K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$175K
Fundraising eventsLn 1c$6K
Investment incomeLn 3$11K
Other incomeLn 4–11$50K
Gains on assetsLn 7$0
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$232K
SavingsLn 2$46K
Cash and savings togetherLn 1–2$278K
InvestmentsLn 11–13$84K
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$0
Total assetsLn 16$382K
LiabilitiesLn 26$15K
Net assetsLn 32$367K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$265K$278K
InvestmentsLn 11–13$118K$84K
Land, buildings, equipmentLn 10c$24K$20K
Total assetsLn 16$408K$382K
LiabilitiesLn 26$2K$15K
Net assetsLn 32$406K$367K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$2K$1K$166
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$99$99
Investment management feesLn 11f$0
Other fees for servicesLn 11g$150$135$15
Advertising and promotionLn 12$0
Office expensesLn 13$9K$8K$887
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$137$123$14
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$4K$4K$446
InsuranceLn 23$6K$6K$618
Other expenses (24a–d)Ln 24$197K$177K$20K
All other expensesLn 24e$56K$50K$6K
Total functional expensesLn 25$274K$247K$27K$99

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $262K$240K$23K$347K 990 PDF
FY2024 $322K$316K$6K$325K 990 PDF
FY2023 $200K$249K−$49K$319K 990 PDF
FY2022 Viewing $236K$274K−$39K$367K 990 PDF
FY2021 $261K$259K$1K$406K 990 PDF
FY2020 $195K$195K$135$405K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $235,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $202,306$174,773
I-9 Program service revenue$0
I-10 Investment incomePrior year $8,921$11,239
I-11 Other revenuePrior year $49,591$49,756
I-12 Total revenuePrior year $260,818$235,768
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$99
I-17 Other expensesPrior year $259,430$274,239
I-18 Total expensesPrior year $259,430$274,338
I-19 Revenue less expensesPrior year $1,388−$38,570
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $235,768 across 9 lines filed
VIII-1c Fundraising events$5,977
VIII-1f All other contributions, gifts and grants$168,796
VIII-1h Total contributions, gifts and grants$174,773
VIII-3 Investment incomeExcluded from tax $11,239$11,239
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$49,756
VIII-12 Total revenueExcluded from tax $11,239$235,768
Part IX · Statement of functional expenses $274,338 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $1,494 · Management $166$1,660
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $99$99
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $135 · Management $15$150
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $7,984 · Management $887$8,871
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $123 · Management $14$137
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $4,011 · Management $446$4,457
IX-23 InsurancePrograms $5,566 · Management $618$6,184
IX-24 Other expenses (24a–d)Programs $177,069 · Management $19,675$196,744
IX-24e All other expensesPrograms $50,433 · Management $5,603$56,036
IX-25 Total functional expensesPrograms $246,815 · Management $27,424 · Fundraising $99$274,338
Part X · Balance sheet $381,970 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $237,540$232,173
X-2 Savings and temporary cash investmentsStart of year $27,575$45,745
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $24,427$19,970
X-11 Publicly traded securitiesStart of year $118,419$84,082
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $407,961$381,970
X-25 Other liabilitiesStart of year $1,936$14,515
X-26 Total liabilitiesStart of year $1,936$14,515
X-27 Net assets without donor restrictionsStart of year $406,025$367,455
X-32 Total net assets or fund balancesStart of year $406,025$367,455
X-33 Total liabilities and net assetsStart of year $407,961$381,970
Part XI · Reconciliation of net assets $367,455 net assets at year end
XI-1 Total revenue$235,768
XI-2 Total expenses$274,338
XI-3 Revenue less expenses−$38,570
XI-4 Net assets at start of year$406,025
XI-10 Net assets at end of year$367,455

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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