The Spalding Foundation For Injured Drivers Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 161350417 ✦ Owego, NY ✦ Designated as a 501(c)(3)

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Overview

What is The Spalding Foundation For Injured Drivers Inc?

The Spalding Foundation for Injured Drivers Inc is a nonprofit organization that prioritizes assisting individuals who have sustained injuries while participating in racing events, including drivers and pit crew members. Their mission is to provide financial aid in the form of payouts to support these injured individuals during their recovery process. The foundation's primary focus is on race car drivers and pit crew members, recognizing their unique challenges and needs.

Is The Spalding Foundation For Injured Drivers Inc legitimate?

The Spalding Foundation For Injured Drivers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Spalding Foundation For Injured Drivers Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of The Spalding Foundation For Injured Drivers Inc?

The Spalding Foundation for Injured Drivers Inc. is dedicated to assisting individuals who have sustained injuries during racing events. Their mission encompasses providing financial support to both race car drivers and their pit crews in need. They offer payouts to help alleviate the financial burdens that often accompany such injuries.

Who is the CEO of The Spalding Foundation For Injured Drivers Inc?

Betty Sherwood is the President of The Spalding Foundation For Injured Drivers Inc.

What is the revenue of The Spalding Foundation For Injured Drivers Inc?

The Spalding Foundation For Injured Drivers Inc's revenue in 2022 was $1,009.

Who are the executives of The Spalding Foundation For Injured Drivers Inc and what are their salaries?


There is 1 key member and their salary:


Betty Sherwood (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Spalding Foundation For Injured Drivers Inc?

The Spalding Foundation For Injured Drivers Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of The Spalding Foundation For Injured Drivers Inc

The Spalding Foundation for Injured Drivers Inc is committed to offering assistance to individuals who have been injured during racing events, including both drivers and pit crew members. The organization's primary mission is to provide payouts to these individuals in need. By offering financial aid, The Spalding Foundation aims to alleviate some of the financial burdens that often accompany serious injuries. This support can help these individuals focus on their recovery without the added stress of financial concerns. The foundation's mission is a testament to its dedication to the well-being of those involved in the racing community, ensuring that they receive the help they need during challenging times.

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Impact




October, 2024

The Spalding Foundation For Injured Drivers Inc significantly impacts the lives of injured race car drivers and their pit crews by providing essential support during their recovery processes. By offering financial assistance and payouts to individuals, the foundation helps alleviate some of the burdens associated with medical expenses and loss of income resulting from injuries sustained in races. This support not only aids in the physical recovery of these individuals but also fosters a sense of community and solidarity within the racing world. The foundation's mission to provide for injured drivers and their teams underscores its commitment to ensuring that those who dedicate their lives to the sport receive the assistance they need in challenging times, promoting mutual benefit and resilience within the racing community.




This information is meant to be a general summary of The Spalding Foundation For Injured Drivers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,009 (2022)
Expenses
$10,872 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13
  • Program Service Revenue: $706
  • Gross Receipts: $32,359

Assets and Liabilities:

  • Total Assets: $38,946
  • Total Liabilities: $0
  • Net Assets: $38,946

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Organization Details

Principal Officer

Betty Sherwood

Main Address

1074 SULPHUR SPRINGS ROAD, OWEGO, NY, 13827

NTEE Category

Code: Y00 - Mutual benefit

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