Iditarod Trail Race Foundation: Nonprofit Profile, Financials & Form 990 (EIN 92-0080285)

Revenue by fiscal year
FY2020	$20K
FY2021	$32K
FY2022	$24K

Expenses by fiscal year
FY2020	$29K
FY2021	$22K
FY2022	$471K

Net assets by fiscal year
FY2020	$438K
FY2021	$447K
FY2022	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $443K Management & general 6% · $28K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Wilson Hughes

Chairman and Trustee

$0Pt VII · Sec A

John Norman

Secretary and Trustee

$0Pt VII · Sec A

James Wood

Trustee

$0Pt VII · Sec A

Gail Phillips

Trustee

$0Pt VII · Sec A

David Monson

Trustee

$0Pt VII · Sec A

See Iditarod Trail Race 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 sled dog racing, preserves the Iditarod trail, and ensures the race continues.

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Provided by the organization

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1 program · $443K · in their own filed words · FY2022

01

Support to the iditarod trail committee, inc., in furtherance of the committee's exempt purposes.

$443Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $429K · 2022–2022

Iditarod Trail Race Foundation INC an Iditarod Support OrganizationAK · FY2022$429,306

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$24K

Ln 12

Gifts and grantsLn 1h$15K

Investment incomeLn 3$9K

Money outPt IX

$471K

Ln 25

Programscol B$443K

Managementcol C$28K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$15K

Investment incomeLn 3$9K

Gains on assetsLn 7−$198

Total revenueLn 12$24K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$56K	$0
InvestmentsLn 11–13	$351K	$0
Land, buildings, equipmentLn 10c		$0
Total assetsLn 16	$447K	$0
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$447K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$429K	$429K
Legal feesLn 11b	$9K		$9K
Accounting feesLn 11c	$12K		$12K
Investment management feesLn 11f	$5K		$5K
Payments to affiliatesLn 21	$14K	$14K
InsuranceLn 23	$1K		$1K
Other expenses (24a–d)Ln 24	$377		$377
Total functional expensesLn 25	$471K	$443K	$28K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$24K	$471K	−$447K	$0	990 PDF
FY2021	$32K	$22K	$9K	$447K	990 PDF
FY2020	$20K	$29K	−$9K	$438K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $23,677 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,095$14,922

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $30,423$8,755

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $31,518$23,677

I-13 Grants and similar amounts paidPrior year $0$429,306

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $22,229$41,775

I-18 Total expensesPrior year $22,229$471,081

I-19 Revenue less expensesPrior year $9,289−$447,404

Part VI · Governance 5 of 5 board members independent, 4 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $23,677 across 5 lines filed

VIII-1f All other contributions, gifts and grants$14,922

VIII-1h Total contributions, gifts and grants$14,922

VIII-3 Investment incomeRelated to mission $8,953$8,953

VIII-7 Net gain or loss on sales of assetsRelated to mission −$198−$198

VIII-12 Total revenueRelated to mission $8,755 · Unrelated business $0 · Excluded from tax $0$23,677

Part IX · Statement of functional expenses $471,081 across 7 lines filed

IX-1 Grants to domestic organizationsPrograms $429,306$429,306

IX-11b Legal feesManagement $9,427$9,427

IX-11c Accounting feesManagement $11,715$11,715

IX-11f Investment management feesManagement $5,380$5,380

IX-21 Payments to affiliatesPrograms $13,721$13,721

IX-23 InsuranceManagement $1,155$1,155

IX-24 Other expenses (24a–d)Management $377$377

IX-25 Total functional expensesPrograms $443,027 · Management $28,054 · Fundraising $0$471,081

Part X · Balance sheet $0 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $13,799$0

X-2 Savings and temporary cash investmentsStart of year $42,512$0

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, net$0

X-11 Publicly traded securitiesStart of year $351,498$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assetsStart of year $4,600$0

X-16 Total assetsStart of year $447,404$0

X-26 Total liabilitiesStart of year $0$0

X-32 Total net assets or fund balancesStart of year $447,404$0

X-33 Total liabilities and net assetsStart of year $447,404$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$23,677

XI-2 Total expenses$471,081

XI-3 Revenue less expenses−$447,404

XI-4 Net assets at start of year$447,404

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

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

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Iditarod Trail Race Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Iditarod Trail Race Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV