Philly Races INC FY2020 filing

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To be a collaborative advocate for the city of philadelphia parks and recreation department.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2298932) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $396K a year · 14% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
4.0 mo
of spending, in cash
4.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$3.1M
Spent
$2.4M
To programs
93%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$1.8M
FY2022$2.5M
FY2023$3.3M
FY2024$3.2M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$1.8M
FY2022$2.5M
FY2023$2.5M
FY2024$2.8M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.4M
FY2023$2.2M
FY2024$2.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2017.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $2.2M Management & general 7% · $156K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Philly Races INC executive salaries →

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

Advocates for Philadelphia's parks and recreation department through collaboration.

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3 programs · $2.2M · in their own filed words · FY2020
01

Philly Races, INC. Operated the broad street run for philadelphia parks and recreation ("PPR"). The blue cross broad street run is managed by the PPR with the cooperation of city agencies and more than 90 volunteer groups, and it is the nation's largest 10 mile race.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2298932) · Dispute this line
$2.2Mprogram expense
02

Phil unity cup is a city-wide soccer tournament that uses the universal language of sport to bring people together and showcase philadelphia rich cultural diversity. This program was created by mayor jim kennedy with the support of PPR.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2298932) · Dispute this line
Pt IX · Ln 25 · col B
03

The mummers parade is a city of philadelphia sponsored parade held ach new year's day. It is one of the oldest folk festivals in the United States. Philly Races, INC. Contributed resources for the event.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-2298932) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$3.0M
Gifts and grantsLn 1h$100K
Money outPt IX
$2.4M
Ln 25
Programscol B$2.2M
Managementcol C$156K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$784K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$100K
Fees for servicesLn 2g$3.0M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$784K
Cash and savings togetherLn 1–2$784K
Land, buildings, equipmentLn 10c$322K
Other assetsLn 15$300K
Total assetsLn 16$1.4M
LiabilitiesLn 26$0
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 63,000
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$221K$784K
Land, buildings, equipmentLn 10c$422K$322K
Total assetsLn 16$643K$1.4M
LiabilitiesLn 26$4K$0
Net assetsLn 32$639K$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$44K$33K$11K$0
Accounting feesLn 11c$61K$0$61K$0
Advertising and promotionLn 12$36K$36K$0$0
Office expensesLn 13$6K$2K$3K$0
Depreciation, depletion and amortizationLn 22$99K$90K$9K$0
InsuranceLn 23$9K$9K$0$0
Other expenses (24a–d)Ln 24$381K$381K$0$0
All other expensesLn 24e$1.7M$1.7M$71K$0
Total functional expensesLn 25$2.4M$2.2M$156K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 13, 2025 $3.2M$2.8M$413K$2.3M 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $3.3M$2.5M$799K$2.2M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $2.5M$2.5M$24K$1.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $1.8M$1.8M−$21K$1.4M 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $3.1M$2.4M$767K$1.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $3,124,594 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $499,700$100,000
I-9 Program service revenuePrior year $2,823,158$3,024,594
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $3,322,858$3,124,594
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$0
I-17 Other expensesPrior year $3,359,238$2,357,550
I-18 Total expensesPrior year $3,359,238$2,357,550
I-19 Revenue less expensesPrior year −$36,380$767,044
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,124,594 across 4 lines filed
VIII-1f All other contributions, gifts and grants$100,000
VIII-1h Total contributions, gifts and grants$100,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$3,024,594
VIII-12 Total revenueRelated to mission $3,024,594 · Unrelated business $0 · Excluded from tax $0$3,124,594
Part IX · Statement of functional expenses $2,357,550 across 8 lines filed
IX-11b Legal feesPrograms $32,668 · Management $10,889 · Fundraising $0$43,557
IX-11c Accounting feesPrograms $0 · Management $61,042 · Fundraising $0$61,042
IX-12 Advertising and promotionPrograms $35,800 · Management $0 · Fundraising $0$35,800
IX-13 Office expensesPrograms $2,432 · Management $3,409 · Fundraising $0$5,841
IX-22 Depreciation, depletion and amortizationPrograms $90,396 · Management $9,063 · Fundraising $0$99,459
IX-23 InsurancePrograms $8,867 · Management $0 · Fundraising $0$8,867
IX-24 Other expenses (24a–d)Programs $380,512 · Management $0 · Fundraising $0$380,512
IX-24e All other expensesPrograms $1,651,001 · Management $71,471 · Fundraising $0$1,722,472
IX-25 Total functional expensesPrograms $2,201,676 · Management $155,874 · Fundraising $0$2,357,550
Part X · Balance sheet $1,406,151 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $221,067$783,692
X-10c Land, buildings and equipment, netStart of year $421,919$322,459
X-15 Other assets$300,000
X-16 Total assetsStart of year $642,986$1,406,151
X-17 Accounts payable and accrued expensesStart of year $3,879$0
X-25 Other liabilities$0
X-26 Total liabilitiesStart of year $3,879$0
X-27 Net assets without donor restrictionsStart of year $639,107$1,406,151
X-32 Total net assets or fund balancesStart of year $639,107$1,406,151
X-33 Total liabilities and net assetsStart of year $642,986$1,406,151
Part XI · Reconciliation of net assets $1,406,151 net assets at year end
XI-1 Total revenue$3,124,594
XI-2 Total expenses$2,357,550
XI-3 Revenue less expenses$767,044
XI-4 Net assets at start of year$639,107
XI-10 Net assets at end of year$1,406,151

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

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