Overview
What is Motorsports Charities Inc?
Motorsports Charities Inc, an integral part of NASCAR communities, is a nonprofit organization committed to bettering the lives of children in need. They achieve this by presenting an annual competition where the charity representing the finalist with the most public votes receives a substantial $100,000 donation. The other finalists' charities also receive $25,000 each. The foundation's mission is to provide children with a fair chance at a healthy life, emphasizing their belief that every child deserves to reach their personal finish line. Motorsports Charities Inc's initiatives strive to improve children's well-being within NASCAR communities.
Official website here: www.nascarfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
Motorsports Charities Inc has achieved a perfect score of 100% on Charity Navigator, reflecting its exceptional performance in accountability, finance, and community engagement. This high rating indicates that the organization not only manages its resources effectively but also has a strong commitment to transparency and ethical governance, with a fully independent board and robust policies in place.
User feedback highlights the positive impact of the charity, particularly through its volunteer programs and community support initiatives. Reviews emphasize the rewarding experiences of volunteering, with participants noting that they have the opportunity to engage directly with the beneficiaries of their efforts. The organization is recognized for its low administrative costs, ensuring that a significant portion of donations goes directly to programs that support children and families.
However, while the overall ratings and reviews are overwhelmingly positive, potential donors may want to explore specific program outcomes in greater detail. The organization has demonstrated growth in its initiatives, such as the Speediatrics Fun Day Festival and the Speedy Bear Brigade, signaling a commitment to expanding its reach and enhancing its services within the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Motorsports Charities Inc legitimate?
Motorsports Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Motorsports Charities 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: $200,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $389,046
For more financial information, click here
Official website here: www.nascarfoundation.org
What is the mission statement of Motorsports Charities Inc?
Motorsports Charities Inc's mission is centered around enhancing the lives of children in need within their NASCAR communities. They prioritize children's health and well-being, believing every child deserves a healthy life and the opportunity to achieve their goals, metaphorically crossing the finish line. The organization achieves this by granting donations through an online voting system. The charity with the most votes receives a significant donation, while the other finalists receive smaller contributions. This approach not only supports one charity but also distributes aid among several organizations, contributing to the betterment of children's lives in various NASCAR communities.
Official website here: www.nascarfoundation.org
Who is the CEO of Motorsports Charities Inc?
Mike Helton is the Chairman/President of Motorsports Charities Inc.
Official website here: www.nascarfoundation.org
What is the revenue of Motorsports Charities Inc?
Motorsports Charities Inc's revenue in 2022 was $3,918,753.
Official website here: www.nascarfoundation.org
Who are the executives of Motorsports Charities Inc and what are their salaries?
The average compensation at Motorsports Charities Inc during 2022 was $49,124. There are 12 employees and 678 volunteers at Motorsports Charities Inc.
Here are 17 key members and their salaries:
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- Compensation: $186,038
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- Other: $14,400
Official website here: www.nascarfoundation.org
Where can I find the form 990 for Motorsports Charities Inc?
Motorsports Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nascarfoundation.org
Learn more at the official website: www.nascarfoundation.org
Mission Statement of Motorsports Charities Inc
Motorsports Charities Inc, a nonprofit organization, is dedicated to enhancing the lives of children who are in need within their NASCAR communities. The NASCAR Foundation, a division of Motorsports Charities Inc, serves as a catalyst for this mission. They accomplish this by allocating substantial donations to children's charities. The charity that garners the most votes in an online public poll receives a substantial $100,000 grant, while the remaining three finalists' associated charities receive a more modest $25,000 donation each. The foundation's core belief is that every child deserves an opportunity to lead a healthy life and should be supported in achieving their goals, just as racers strive to cross the finish line. Motorsports Charities Inc prioritizes the well-being of children in need within their NASCAR communities, aiming to provide them with the necessary resources and support to thrive.
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Impact
October, 2024
Motorsports Charities Inc has a significant impact on the lives of children in NASCAR communities, focusing on improving their health and well-being. Through initiatives such as online public voting, the organization grants substantial financial support to children's charities, with a $100,000 contribution to the charity that garners the most votes, and $25,000 each to three additional finalists. This approach not only amplifies the efforts of various charities but also engages the community in the selection process, fostering a sense of collective responsibility and support for children's welfare.
By prioritizing children's health, Motorsports Charities Inc ensures that vulnerable children receive essential resources and services, enabling them to thrive. The organization champions the belief that every child deserves the opportunity to lead a healthy life and strives to equip them with the necessary tools to succeed and "cross the finish line" in life. Through its impactful work, Motorsports Charities Inc plays a crucial role in enhancing the quality of life for children who need it most within the NASCAR community.
This information is meant to be a general summary of Motorsports Charities 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: $71,882
- Gross Receipts: $4,151,107
Assets and Liabilities:
- Total Assets: $6,327,124
- Total Liabilities: $407,416
- Net Assets: $5,919,708
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Organization Details
Founding Year
2006
Phone
(386) 310-5885Principal Officer
Mike Helton
Main Address
TAX DEPT 53 PO BOX 2875, DAYTONA BEACH, FL, 321202875
Website
www.nascarfoundation.orgNTEE Category
Code: T30 - Philanthropy
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