Iac Sports Foundation Inc

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

EIN: 311066452 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

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Overview

What is Iac Sports Foundation Inc?

The Iac Sports Foundation Inc, situated in the Greater Indianapolis Area, is a nonprofit organization dedicated to the planning, promotion, and coordination of run/walk events. Their primary objective is to generate funds from these events, which they then utilize to bolster amateur sports competitions within their locality. Their mission encompasses supporting and encouraging amateur sports activities in the area, with their programs largely revolving around fundraising and offering aid to such competitions. The foundation serves as a significant contributor to the sports community in the Greater Indianapolis Area.


Official website here: www.indysportsfoundation.com

Is Iac Sports Foundation Inc legitimate?

Iac Sports Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iac Sports Foundation 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.


Official website here: www.indysportsfoundation.com

What is the mission statement of Iac Sports Foundation Inc?

The Iac Sports Foundation Inc's mission is centered around planning, promoting, and coordinating run/walk events. The primary objective is to utilize the event earnings to support amateur sports in the broader Indianapolis area. The foundation's activities primarily revolve around raising funds and offering assistance for amateur sports competitions. In essence, its mission is geared towards fostering and sustaining amateur sports in the region through financial support.


Official website here: www.indysportsfoundation.com

Who is the CEO of Iac Sports Foundation Inc?

Robert V Welch Jr is the President of Iac Sports Foundation Inc.


Official website here: www.indysportsfoundation.com

What is the revenue of Iac Sports Foundation Inc?

Iac Sports Foundation Inc's revenue in 2022 was $87,372.


Official website here: www.indysportsfoundation.com

Who are the executives of Iac Sports Foundation Inc and what are their salaries?


Here are 12 key members and their salaries:


Robert V Welch Jr (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Robinson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Forsee (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Cripe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Daniels (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Flynn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kennedy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Klein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Mcginley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Nahmias (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cameron O'Connor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.indysportsfoundation.com

Where can I find the form 990EZ for Iac Sports Foundation Inc?

Iac Sports Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.indysportsfoundation.com

Learn more at the official website: www.indysportsfoundation.com

Mission Statement of Iac Sports Foundation Inc

The Iac Sports Foundation, an organization dedicated to the world of amateur sports, embarks on planning, promoting, and coordinating run/walk events. Their primary objective is to utilize the earnings generated from these events to support and bolster the competitive spirit within the Greater Indianapolis Area. This nonprofit's mission is centered around raising funds and providing essential assistance to amateur sports competitions in the region. By doing so, the Iac Sports Foundation aims to contribute to the growth and development of sports talent within the community.

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Impact




October, 2024

Iac Sports Foundation Inc significantly impacts the Greater Indianapolis area by fostering community engagement and promoting healthy lifestyles through its organized run/walk events. By coordinating these events, the foundation not only encourages physical activity among participants but also raises essential funds that directly benefit amateur sports competitions within the region.

The foundation's commitment to supporting local athletes helps to enhance the competitive landscape for amateur sports, providing opportunities for athletes to showcase their skills and pursue their ambitions. This support cultivates a sense of community and pride, bringing together individuals of all ages to celebrate sports and fitness while contributing to the growth of amateur sports in Indianapolis. Through its efforts, Iac Sports Foundation Inc plays a vital role in sustaining and nurturing the athletic aspirations of the local community.




This information is meant to be a general summary of Iac Sports Foundation 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
$87,372 (2022)
Expenses
$51,715 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $5
  • Gross Receipts: $166,191

Assets and Liabilities:

  • Total Assets: $119,178
  • Total Liabilities: $0
  • Net Assets: $119,178

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Organization Details

Principal Officer

Robert V Welch Jr

Main Address

PO BOX 90013, INDIANAPOLIS, IN, 46290

NTEE Category

Code: N70 - Recreation

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