Overview
What is Terre Haute Quarter Midget Ass?
Terre Haute Quarter Midget Ass is a nonprofit organization located at 3150 S Houseman St, Terre Haute, IN 47802. Their primary mission is to establish a recreational racing league for children aged between 5 and 16, primarily serving the Wabash Valley area. This league aims to foster qualities like pride, responsibility, and accomplishments in the young racers. The organization's activities are geared towards providing a fun and engaging environment where children can learn valuable life skills through the thrill of racing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 13%
The Terre Haute Quarter Midget Association has received a very low score of 13%, resulting in a Zero-Star out of Four Star rating. This rating indicates significant concerns regarding the organization’s accountability and financial practices. The analysis reveals that the majority of the board members are not independent and lacks essential policies that are crucial for transparency and governance, such as a conflict of interest policy and a whistleblower policy.
Strengths of the organization include the absence of material diversion of assets, which suggests that they have not misused funds. However, the organization faces serious weaknesses in its financial management, as indicated by a program expense ratio of only 14.77%, highlighting insufficient funds allocated to its programs. Additionally, the absence of a listed website and failure to post tax forms raises questions about its commitment to transparency.
Overall, the Terre Haute Quarter Midget Association is struggling with fundamental governance issues and transparency standards. Stakeholders and potential donors should exercise caution and consider these significant limitations before engaging with or supporting this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Terre Haute Quarter Midget Ass legitimate?
Terre Haute Quarter Midget Ass is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terre Haute Quarter Midget Ass 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
What is the mission statement of Terre Haute Quarter Midget Ass?
The Terre Haute Quarter Midget Association's mission is to establish a recreational racing league for children between the ages of 5 and 16. This league serves as a platform to teach valuable life skills such as pride, responsibility, and the sense of achievement. By participating in this league, children in the Wabash Valley area can engage in an enjoyable activity while learning important life lessons.
Who is the CEO of Terre Haute Quarter Midget Ass?
Victoria Bradford is the President of Terre Haute Quarter Midget Ass.
What is the revenue of Terre Haute Quarter Midget Ass?
Terre Haute Quarter Midget Ass's revenue in 2022 was $93,997.
Who are the executives of Terre Haute Quarter Midget Ass and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Terre Haute Quarter Midget Ass?
Terre Haute Quarter Midget Ass's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terre Haute Quarter Midget Ass
Terre Haute Quarter Midget Association, abbreviated as THQMA, is committed to providing a recreational racing league for children aged between 5 and 16. Located in the Wabash Valley area, the organization's primary mission is to teach valuable life skills such as pride, responsibility, and accomplishments through the thrilling experience of racing. By offering this league, THQMA aims to foster an environment where young individuals can develop essential life skills, build self-confidence, and create lasting memories.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Terre Haute Quarter Midget Association significantly impacts the Wabash Valley by providing a structured recreational racing league for children ages 5 to 16. Through its engaging racing environment, it not only focuses on the thrill of competition but instills essential values such as pride, responsibility, and a sense of accomplishment in its young participants.
By fostering these qualities, the association helps develop life skills that extend beyond the racetrack, encouraging teamwork, perseverance, and sportsmanship among the youth. The opportunity to participate in racing also promotes physical activity and social interaction, contributing to the overall well-being of the children in the community.
Moreover, the Terre Haute Quarter Midget Association serves as a hub for families, building connections within the community while nurturing the next generation of racers. This involvement cultivates a love for motorsports and creates lasting memories and friendships, enriching the lives of both participants and their families in the region.
This information is meant to be a general summary of Terre Haute Quarter Midget Ass. 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: $10,053
- Program Service Revenue: $35,769
- Gross Receipts: $93,997
Assets and Liabilities:
- Total Assets: $2,788,701
- Total Liabilities: $0
- Net Assets: $2,788,701
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RACE FEE
Revenue
$31,148
SPONSORSHIP
Revenue
$2,103
CONCESSION STAND
Revenue
$2,518
Organization Details
Principal Officer
Victoria Bradford
Main Address
3150 S HOUSEMAN ST, TERRE HAUTE, IN, 47802
NTEE Category
Code: N60 - Recreation
If you are a representative of Terre Haute Quarter Midget Ass and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.