Overview
What is Speedway Trails Association?
The Speedway Trails Association is a nonprofit organization situated in Speedway, Indiana. Their primary objective is to promote and construct walking trails within the town. By identifying suitable trails and advocating for their use, the association aims to encourage physical activity and outdoor exploration. Their mission is deeply rooted in fostering an appreciation for walking trails across Indiana, thereby promoting health and wellness within the community.
Official website here: www.speeewdaytrails.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
Speedway Trails Association has received a Three-Star rating from Charity Navigator, reflecting a score of 76%. This rating indicates a solid level of accountability and financial health, with the organization's performance being assessed primarily based on its financial metrics. The charity showcases strong governance practices, evident in its 100% independent board composition, which contributes positively to its overall accountability score.
The organization demonstrates impressive financial management, with an exceptionally high program expense ratio of 99.23%, suggesting that nearly all of its resources are directed towards its programs. Additionally, it maintains a favorable liabilities to assets ratio of 0.00%, indicating sound fiscal responsibility and stability. However, it's important to note that Speedway Trails Association lacks certain key policies, such as a conflict of interest policy and a whistleblower policy, which may raise concerns about governance practices.
Overall, while the Speedway Trails Association exhibits strengths in financial management and board independence, the absence of critical policies could be seen as a limitation in its governance framework. Continued focus on enhancing its policy framework may contribute to improving its accountability rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Speedway Trails Association legitimate?
Speedway Trails Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Speedway Trails Association 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.speeewdaytrails.com
What is the mission statement of Speedway Trails Association?
The Speedway Trails Association's mission is centered around promoting and constructing walking trails across Indiana. They have identified suitable trails and established a campaign to advertise these trails, seeking approval to utilize them. The primary goal of the association is to promote walking trails throughout the state of Indiana. Their activities involve advocating for the use of these trails and working towards their construction.
Official website here: www.speeewdaytrails.com
Who is the CEO of Speedway Trails Association?
Frank Merritt is the President of Speedway Trails Association.
Official website here: www.speeewdaytrails.com
What is the revenue of Speedway Trails Association?
Speedway Trails Association's revenue in 2022 was $4,721,550.
Official website here: www.speeewdaytrails.com
Who are the executives of Speedway Trails Association and what are their salaries?
There 100 volunteers at Speedway Trails Association.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.speeewdaytrails.com
Where can I find the form 990 for Speedway Trails Association?
Speedway Trails Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.speeewdaytrails.com
Learn more at the official website: www.speeewdaytrails.com
Mission Statement of Speedway Trails Association
Speedway Trails Association is dedicated to fostering the promotion and construction of walking trails across Indiana. Their mission involves identifying suitable trails, advocating for their use, and working towards their development. The association's primary goal is to encourage walking trails within the state, thereby promoting physical activity and outdoor exploration. By advertising these trails and seeking permission to utilize them, Speedway Trails Association contributes to the creation of a network of trails that can be enjoyed by the community. In essence, the organization is committed to enhancing accessibility to walking trails and encouraging an active lifestyle for individuals across Indiana.
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Impact
October, 2024
The Speedway Trails Association significantly enhances the quality of life in Speedway, Indiana, by promoting and constructing walking trails throughout the area. Through their efforts, they have identified key trails and developed a comprehensive program aimed at advertising these valuable community resources. This initiative not only encourages walking and outdoor activities but also fosters a sense of community engagement among residents.
By soliciting approval for trail usage, the association facilitates greater access to these pathways, making it easier for individuals and families to incorporate physical activity into their daily routines. The creation of well-marked and maintained walking trails promotes healthier lifestyles, while also contributing to the aesthetic appeal of the neighborhood.
Moreover, the association's focus on community improvement emphasizes the importance of accessible recreational spaces. As more residents embrace walking as a form of exercise and leisure, the social fabric of Speedway strengthens, fostering connections among neighbors and enhancing community pride. Ultimately, the Speedway Trails Association plays a crucial role in transforming Speedway into a more active, connected, and vibrant community.
This information is meant to be a general summary of Speedway Trails Association. 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: $117
- Gross Receipts: $4,721,550
Assets and Liabilities:
- Total Assets: $5,912,785
- Total Liabilities: $0
- Net Assets: $5,912,785
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Organization Details
Founding Year
2016
Phone
(317) 440-1181Principal Officer
Frank Merritt
Main Address
5046 W 13th Street, Indianapolis, IN, 46224
Website
www.speeewdaytrails.comNTEE Category
Code: S20 - Community improvement
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