NonprofitsUnlv Formula Racing

Science & Technology

Unlv Formula Racing

LAS VEGAS, NV

Total revenue

$79K

Total expenses

$49K

Net assets

$31K

Grants received

EIN

923382755

Tax year

2023

Mission

UNLV Formula Racing is a student led organization at the University of Nevada, Las Vegas. The expenses the non-profit incurs are related to the design, development, transportation, and construction of its racing vehicle. Expenses include but are not limited to hardware,materials, travel and meals for students throughout competition, and components essential to the vehicle. All funds are used solely for educational and competitive purposes required to complete our task. No financial benefit is allocated to neither student nor faculty member of the university associated with the project. No funds are used to purchase anything more than equipment, mechanical, software, toolsfood, transportation, shelter or any other essential needed for the production of the vehicle. The purpose of the project is to foster creativity and educate students with a hands-on engineering experience in constructing an electric automotive vehicle. A grand majority of our funding comes from donations from non-gove

Financials

FY 2023

Revenue

Contributions & grants$79K
Program service revenue
Investment income
Other revenue
Total revenue$79K

Expenses

Grants paid$49K
Salaries & benefits
Fundraising
Other expenses
Total expenses$49K
Total assets$31K
Net assets$31K

People

2 listed

NameRoleCompensation

{"_":"Addison Cobb","attributes":{"referenceDocumentName":"CompensationExplanation"}}

Mechanical System Officer

Board

30 hrs/wk

{"_":"Katerina Kotcheva","attributes":{"referenceDocumentName":"CompensationExplanation"}}

President

Board

30 hrs/wk

Details

EIN923382755
NTEE codeU40
Subsection03
Ruling date2023-05
UNLV FORMULA RACING — Mission, Financials & Grants Received | Grantivo