Burke Racing INC

Tax-deductible

East Burke, VT501(c)(3)EducationEIN 81-2874871

To support the alpine and nordic ski racing program and related activities of burke mountain academy, INC.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $136K a year · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$481K
118% of total assets
Concern: liabilities are 118% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$0
Spent
$136K
To programs
100%
Net assets
−$73K
By yearFY2020–FY2024
Revenue
$0
FY2024
Revenue by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
Expenses
$136K
FY20240%
Expenses by fiscal year
FY2020$136K
FY2021$136K
FY2022$136K
FY2023$136K
FY2024$136K
Net assets
−$73K
FY2024▼ -217%
Net assets by fiscal year
FY2020$599K
FY2021$464K
FY2022$328K
FY2023$62K
FY2024−$73K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2016.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $136K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Burke Racing INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Funds alpine and Nordic ski racing programs and related activities for Burke Mountain Academy.

Provided by the organization

This section is blank until Burke Racing INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $136K of program spending, described in the organization's own filed words · FY2024.
01

Ownership of ski lift used in the operations of bma.

$136Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$0
Ln 12
Money outPt IX
$136K
Ln 25
Programscol B$136K
Owns and owesPt X
−$73K
net assets · Ln 32
Total assetsLn 16$407K
LiabilitiesLn 26$481K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Total revenueLn 12$0
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$407K
Total assetsLn 16$407K
LiabilitiesLn 26$481K
Net assetsLn 32−$73K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY24End FY24
Land, buildings, equipmentLn 10c$543K$407K
Total assetsLn 16$543K$407K
LiabilitiesLn 26$481K$481K
Net assetsLn 32$62K−$73K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Payments to affiliatesLn 21$136K$136K
Total functional expensesLn 25$136K$136K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $0$136K−$136K−$73K 990 PDF
FY2023 $0$136K−$136K$62K 990 PDF
FY2022 $0$136K−$136K$328K 990 PDF
FY2021 $0$136K−$136K$464K 990 PDF
FY2020 $0$136K−$136K$599K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $0 across 1 lines filed
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
Part IX · Statement of functional expenses $135,819 across 1 line filed
IX-21 Payments to affiliatesPrograms $135,819$135,819
IX-25 Total functional expensesPrograms $135,819 · Management $0 · Fundraising $0$135,819
Part X · Balance sheet $407,456 assets, 7 lines filed
X-10c Land, buildings and equipment, netStart of year $543,276$407,456
X-16 Total assetsStart of year $543,276$407,456
X-25 Other liabilitiesStart of year $480,801$480,801
X-26 Total liabilitiesStart of year $480,801$480,801
X-27 Net assets without donor restrictionsStart of year $62,475−$73,345
X-32 Total net assets or fund balancesStart of year $62,475−$73,345
X-33 Total liabilities and net assetsStart of year $543,276$407,456
Part XI · Reconciliation of net assets −$73,345 net assets at year end
XI-1 Total revenue$0
XI-2 Total expenses$135,819
XI-3 Revenue less expenses−$135,819
XI-4 Net assets at start of year$62,475
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year−$73,345

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.