Overview
What is Watkins Glen Motor Racing Research Council Inc?
Watkins Glen Motor Racing Research Council Inc is a nonprofit organization based in Watkins Glen, New York. Their primary mission is to collect, preserve, and share the history of motorsports globally. They serve as the custodian of the archives of the Sports Car Club of America, the largest automobile racing club in the United States. Their resources include a vast collection of books, magazines, race results, and correspondence, as well as still and moving images, all documenting the speed, drama, and camaraderie of racing throughout the years. The center offers research and reference services, public events, exhibitions, and online publications to cater to both serious researchers and casual fans. With a dedicated staff, they provide invaluable insights into the world of motorsports. (100 words)
Official website here: www.racingarchives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
The Watkins Glen Motor Racing Research Council Inc has received a low rating of 52% from Charity Navigator, indicative of significant concerns regarding its financial performance and accountability practices. While the organization benefits from a fully independent board and maintains proper financial oversight through its Audit and Oversight Committee, it struggles with some important governance policies, notably the absence of a whistleblower policy and a document retention and destruction policy.
Despite achieving strengths in various areas like the independence of its board members and maintaining transparency with financial documents, the organization's financial efficiency raises concerns. It shows a low program expense ratio of 31.40%, suggesting that a smaller portion of its resources is directed towards its programs. Furthermore, the liabilities to assets ratio at 4.11% hints at potential financial instability, which could affect its long-term viability.
Overall, while the Watkins Glen Motor Racing Research Council Inc has some solid governance structures in place, its financial management and lack of key policies need improvement to enhance its overall effectiveness and trustworthiness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Watkins Glen Motor Racing Research Council Inc legitimate?
Watkins Glen Motor Racing Research Council Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watkins Glen Motor Racing Research Council Inc submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,072
For more financial information, click here
Official website here: www.racingarchives.org
What is the mission statement of Watkins Glen Motor Racing Research Council Inc?
The Watkins Glen Motor Racing Research Council Inc's primary mission is to collect, preserve, and share the rich history of motorsports. This expansive collection spans various continents, eras, and race series, embodying the excitement, drama, and camaraderie of both amateur and professional racing worldwide. The center invites both serious researchers and casual fans to engage with its archives, which include stories of race drivers, series, and cars, brought to life through public lectures and special events. The collection encompasses over 4000 books and 250 motorsports magazines and newspapers, club and sanctioning body records, race results, programs, and posters, as well as correspondence from race organizers and still and moving images. The center's knowledgeable research and archives staff is readily available to assist those seeking information.
Official website here: www.racingarchives.org
Who is the CEO of Watkins Glen Motor Racing Research Council Inc?
John R Saunders is the Executive Director of Watkins Glen Motor Racing Research Council Inc.
Official website here: www.racingarchives.org
What is the revenue of Watkins Glen Motor Racing Research Council Inc?
Watkins Glen Motor Racing Research Council Inc's revenue in 2022 was $904,156.
Official website here: www.racingarchives.org
Who are the executives of Watkins Glen Motor Racing Research Council Inc and what are their salaries?
The average compensation at Watkins Glen Motor Racing Research Council Inc during 2022 was $35,607. There are 10 employees and 20 volunteers at Watkins Glen Motor Racing Research Council Inc.
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Official website here: www.racingarchives.org
Where can I find the form 990 for Watkins Glen Motor Racing Research Council Inc?
Watkins Glen Motor Racing Research Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.racingarchives.org
Learn more at the official website: www.racingarchives.org
Mission Statement of Watkins Glen Motor Racing Research Council Inc
The Watkins Glen Motor Racing Research Council Inc is dedicated to the collection, preservation, and dissemination of the rich history of motorsports worldwide. This organization, appealing to both serious researchers and casual fans alike, houses an extensive collection encompassing race drivers, series, and cars. The center's archives include a vast array of materials such as books, magazines, and newspapers, as well as club and sanctioning body records, race results, programs, and posters. The papers of motorsports journalists and scholars, correspondence of race organizers, and still and moving images are also part of its extensive collection.
The organization's mission is brought to life through public lectures, special events, and a knowledgeable research and archives staff. Their goal is to share the speed, drama, and camaraderie of amateur and professional motor racing spanning continents, eras, and race series. By providing access to these resources, the Watkins Glen Motor Racing Research Council Inc encourages the sharing of stories and experiences that contribute to the rich history of motorsports. The center's collections and events serve as a testament to the enduring passion and excitement that motor racing has inspired across the globe.
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Impact
October, 2024
Watkins Glen Motor Racing Research Council Inc significantly enhances the understanding and appreciation of motorsports history through its International Motor Racing Research Center. By collecting, sharing, and preserving an extensive array of materials, the Center serves as a vital resource for both serious researchers and casual fans alike.
The Center's impressive collection, which includes over 4,000 books, 250 different motorsports magazines, and various archival materials such as race results and photographs, documents the rich tapestry of motorsport from across the globe. This resource empowers individuals to dive into the narratives of race drivers, series, and vehicles that have shaped the sport over the years.
Moreover, the Center acts as the custodian of the archives for the Sports Car Club of America, the largest automobile racing club in the United States, ensuring that vital historical records are preserved for future generations. Public events, lectures, and exhibitions, combined with online resources, enhance community engagement and foster a deeper connection to the sport.
Additionally, through a dedicated research and reference services program, the Center facilitates access to a wealth of knowledge, promoting both education and appreciation for motorsports history. The impact of Watkins Glen Motor Racing Research Council Inc is profound, as it not only serves as a repository of motorsports artifacts but also as a hub for storytelling that captures the excitement and camaraderie inherent in racing.
This information is meant to be a general summary of Watkins Glen Motor Racing Research Council 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $194,051
- Program Service Revenue: $49,248
- Gross Receipts: $3,091,231
Assets and Liabilities:
- Total Assets: $5,001,610
- Total Liabilities: $205,684
- Net Assets: $4,795,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER
Revenue
$39,583
RESEARCH SERVICES
Revenue
$9,665
Organization Details
Founding Year
1999
Phone
(607) 535-9044Principal Officer
John R Saunders
Main Address
610 S DECATUR ST, WATKINS GLEN, NY, 14891
Website
www.racingarchives.orgNTEE Category
Code: A540 - Arts
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