A & E Racing Corporation

Nonprofit profile at a glance

EIN
884369630
IRS 990-EZ coverage
2023–2025
Forms available
Form 990-EZ 2025
Location
Hooksett, NH, USA
Phone
6036570113
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Recreation& Sports N.E.C.

Reported finances

Revenue
$57,500
Expenses
$55,467
Assets
$5,542

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • ERICK VEIT (PRESIDENT)

People named in this filing

  • ERICK VEIT (PRESIDENT)
  • JEREMY BEAUDOIN (VICE PRESIDE)
  • TARA VEIT (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empowering youth for a brighter future. Providing opportunities for leadership, growth, and community involvement. Our mission at a&e racing is to provide training and development for young athletes who have potential to advance to a professional level. A & e racing corp is a motocross program that is based in New Hampshire with competitions in the northeast and east coast regions. A & e racing corp is a highly competitive program for youth motocross racers. The purpose of the corporation is to provide funding for aspiring young motocross racers in the new england region who need support with equipment, travel, training, development and mechanics.

What it reported doing in 2025

They were able to attend a total of 48 races. Those races were held at several locations and within classes at each race. There were 3 different series which included 2 regional and 1 national. Each of these series have separate rules to determine who can participate depending on the age of the child and the size of the motorbike that is used. The children are required to complete an application process to be considered to be a sponsored rider. The application includes questions including goals and plans to achieve those goals as well as strengths to contribute to the team. Expectations to be a part of the racing team include 1) being respectful and responsible both on and off the racing track. 2) assist in being an active particpant in maintaining equipment. 3) assist in helping set up tents and racing track.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.6%; rating input score 93
  • Program expense ratio: 96%; rating input score 96

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 3.5%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.1; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 19.5% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: -68.7% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 92.6% of revenue deployed · 96% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $53K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Operating margin scored 51/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.