My Favorite Race Events Inc
Nonprofit profile at a glance
- EIN
- 933998455
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024
- Location
- Venice, FL, USA
- Phone
- 9414888337
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $28,222
- Expenses
- $21,208
- Assets
- $7,783
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- AMBER JACOB (PRESIDENT)
People named in this filing
- AMBER JACOB (PRESIDENT)
- CHRISTINA MCCAFFREY (SECRETARY)
- JENNY HAZELTINE (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
At my favorite race events, inc (mfre), our mission is clear: to raise both funds and awareness for local foundations through the power of community and physical activity. We passionately believe in the transformative impact of giving back to our local communities, and we have chosen running events as our medium for change. Through meticulously organized running events, we bring together individuals from all walks of life, fostering a sense of unity and purpose. These events serve as more than mere races; they are opportunities for people to contribute meaningfully to the causes that matter most. Every step taken and every mile covered represents a collective stride towards a brighter future for our community.
What it reported doing in 2024
During 2024, the organization successfully hosted multiple community running and fundraising events that promoted participation, wellness, and charitable giving. These events included megalodon weekend, fools run, west port 5k, under the moon, flamingo 5k, elf dash, and frosty, collectively engaging over 2,500 participants throughout the year. Despite one event being canceled due to a hurricane, the organization raised funds benefiting designated beneficiaries across several events. These programs strengthened community engagement, supported local causes, and expanded participation in recreational and charitable activities across the region.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 35
- Transparency & Controls: 82
- Sustainability: 50
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 30.9%; rating input score 31
- Program expense ratio: 41.2%; rating input score 41
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 24.9%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0.37; rating input score 24; 24th 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: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 30.9% of revenue deployed · 41.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $9K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 31/100.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 24/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.