LANCASTER SOAP BOX DERBY INC C/O PATTI BOBB

EIN: 310976406 501(c)(3) Recreation & Sports

LANCASTER, OH

Total Revenue
$129,375
Total Expenses
$69,684
Total Assets
$241,769
Net Assets
$241,769
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
OH
Principal Officer
PATTI BOBB
Phone
6147744489
Tax Period
2023-01-01 to 2023-12-31

LANCASTER SOAP BOX DERBY INC C/O PATTI BOBB, founded in 1959, is a small nonprofit in the Recreation & Sports sector that reported $129K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $60K, a strong 46% operating margin.

Mission

THE DERBY IS THE OFFICIAL SANCTIONING BODY OF SOAP BOX DERBY RACING AND HAS EXCLUSIVE LICENSING PARTNERSHIPS WITH MORE THAN 100 RACING DISTRICTS THROUGHOUT WORLD. THESE RACING DISTRICTS CONDUCT SANCTIONED SOAP BOX DERBY RACES THROUGHOUT THE YEAR AND QUALIFY CHAMPS FOR THE ANNUAL FIRSTENERGY ALL-AMERICAN SOAP BOX DERBY WORLD CHAMPIONSHIP RACE AT THE WORLD FAMOUS DERBY DOWNS TRACK IN AKRON, OHIO. THE DERBY'S EDUCATION PROGRAM IS A FAST-GROWING COMPONENT OF THE ORGANIZATION AND INCLUDES A STEM-BASED CURRICULUM, THE GRAVITY RACING CHALLENGE STEM TEAM COMPETITION AND A MINI SOAP BOX DERBY PROGRAM. THE DERBY ALSO OPERATES THE WORLD FAMOUS DERBY DOWNS TRACK IN AKRON, OHIO WHERE EVENTS ARE HELD THROUGHOUT THE RACING SEASON.THE BOARD OF DIRECTORS OVERSEES THE OPERATION OF THE DERBY, AND THE DAY-TO-DAY ACTIVITIES ARE HANDLED BY THE HEADQUARTERS STAFF IN AKRON.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $28,718
Program Service Revenue $0
Investment Income $36
Other Revenue $100,621
TOTAL REVENUE $129,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,684
Other Expenses $69,684
TOTAL EXPENSES $69,684

Year-over-Year Comparison

2023 2022 Change
Revenue $129,375 $113,342 +0.1%
Expenses $69,684 $68,201 +0.0%
Net Income $59,691 $45,141 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD GORDON BOARD MEMBER 0.00
Director
$0 $0 $0
JAN CLARK BOARD MEMBER 0.00
Director
$0 $0 $0
TJ CLARK BOARD MEMBER 0.00
Director
$0 $0 $0
NICK CLARK BOARD MEMBER 0.00
Director
$0 $0 $0
LISA CLAUD BOARD MEMBER 0.00
Director
$0 $0 $0
MEAGAN DENNISON BOARD MEMBER 0.00
Director
$0 $0 $0
KENDALL ALLEN BOARD MEMBER 0.00
Director
$0 $0 $0
CASSIE ANDREWS BOARD MEMBER 0.00
Director
$0 $0 $0
SHAWN ANDREWS BOARD MEMBER 0.00
Director
$0 $0 $0
SAMATHA BASS BOARD MEMBER 0.00
Director
$0 $0 $0
RANDY BOBB BOARD MEMBER 0.00
Director
$0 $0 $0
JASON CARTER BOARD MEMBER 0.00
Director
$0 $0 $0
TRAVIS DENNISON BOARD MEMBER 0.00
Director
$0 $0 $0
CHAD HARSH BOARD MEMBER 0.00
Director
$0 $0 $0
DEVIN HELLYER BOARD MEMBER 0.00
Director
$0 $0 $0
GARY HUNT III BOARD MEMBER 0.00
Director
$0 $0 $0
CHRIS MARTIN BOARD MEMBER 0.00
Director
$0 $0 $0
JULIE MOCK BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE MOCK BOARD MEMBER 0.00
Director
$0 $0 $0
MATTHEW MOCK BOARD MEMBER 0.00
Director
$0 $0 $0
BROOKE RICHMOND BOARD MEMBER 0.00
Director
$0 $0 $0
JASON SHOOK BOARD MEMBER 0.00
Director
$0 $0 $0
COURTNEY STEINWENDER BOARD MEMBER 0.00
Director
$0 $0 $0
HANNA YERIAN BOARD MEMBER 0.00
Director
$0 $0 $0
TRISHA WEEKLEY BOARD MEMBER 0.00
Director
$0 $0 $0
JAMEY ALLEN PRESIDENT 0.00
Officer
$0 $0 $0
TOM CLARK VICE PRESIDENT 0.00
Officer
$0 $0 $0
MELAINE HUNT SECRETARY 0.00
Officer
$0 $0 $0
PATTI BOBB TREASURER 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $129,375 $69,684 $241,769 $59,691
2022 $113,342 $68,201 $182,077 $45,141
2021 $106,675 $45,882 $135,647 $60,793
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