Overview
What is The Benevolent Fund Of Motorsports Inc?
The Benevolent Fund of Motorsports Inc is a nonprofit organization based in Indianapolis, Indiana. Their primary mission is to offer charitable and financial aid to individuals and families who have been involved in motor sports and are currently facing hardships due to unfortunate circumstances such as death, injury, or illness. By providing this assistance, the fund aims to support and uplift those who have dedicated their time and efforts to the thrilling world of motor sports during their times of need.
Official website here: www.indyfamilyfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Benevolent Fund Of Motorsports Inc has achieved an impressive 97% rating from Charity Navigator, earning a Four-Star rating. This high score is primarily based on the charity's strong performance in the Accountability & Finance category, indicating a robust commitment to transparency and responsible financial practices.
The organization benefits from a fully independent board, with 100% of its members meeting independence criteria. Additionally, it has demonstrated sound financial management, evidenced by a zero liability to assets ratio and an excellent program expense ratio of 97.04%, which suggests that nearly all its funds are directed toward its programs rather than administrative costs.
While the ratings reflect very positively on the charity's governance and financial health, it is important to keep monitoring any new developments or changes. Overall, The Benevolent Fund Of Motorsports Inc stands out for its accountability and effective use of resources, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Benevolent Fund Of Motorsports Inc legitimate?
The Benevolent Fund Of Motorsports Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Benevolent Fund Of Motorsports 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:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.indyfamilyfoundation.com
What is the mission statement of The Benevolent Fund Of Motorsports Inc?
The Benevolent Fund of Motorsports Inc is committed to providing charitable and financial aid to individuals and families who have been involved in motor sports and are currently facing hardships due to illness, injury, or the unfortunate circumstance of death. Their mission is centered around offering support during challenging times, ensuring that those who have dedicated their passion to motorsports do not go through these difficulties alone. The fund aims to alleviate the financial burden that often accompanies such situations, providing a sense of relief and assistance.
Official website here: www.indyfamilyfoundation.com
Who is the CEO of The Benevolent Fund Of Motorsports Inc?
Matthew Welty is the President of The Benevolent Fund Of Motorsports Inc.
Official website here: www.indyfamilyfoundation.com
What is the revenue of The Benevolent Fund Of Motorsports Inc?
The Benevolent Fund Of Motorsports Inc's revenue in 2022 was $9,482.
Official website here: www.indyfamilyfoundation.com
Who are the executives of The Benevolent Fund Of Motorsports Inc and what are their salaries?
There 10 volunteers at The Benevolent Fund Of Motorsports Inc.
Here are 10 key members and their salaries:
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Official website here: www.indyfamilyfoundation.com
Where can I find the form 990 for The Benevolent Fund Of Motorsports Inc?
The Benevolent Fund Of Motorsports Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indyfamilyfoundation.com
Learn more at the official website: www.indyfamilyfoundation.com
Mission Statement of The Benevolent Fund Of Motorsports Inc
The Benevolent Fund of Motorsports Inc, a charitable organization, is dedicated to providing financial assistance to individuals and families who have been involved in motor sports and are currently facing hardships due to death, injury, or illness. This nonprofit's mission is centered around offering support and aid during challenging times for those who have contributed to the thrilling world of motor sports. By extending a helping hand, the fund seeks to alleviate the financial burdens that often accompany such misfortunes.
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Impact
August, 2024
The Benevolent Fund Of Motorsports Inc's impact is significant as it provides vital charity and financial assistance to individuals and families who have been involved in motor sports and are facing challenges such as death, injury, or illness. By supporting these individuals during times of need, the organization plays a crucial role in helping to alleviate financial burdens and provide meaningful support to those in the motor sports community. Through their mission of providing assistance to those affected by adversity in the industry, The Benevolent Fund Of Motorsports Inc positively impacts the lives of many individuals and families, embodying the spirit of compassion and solidarity within the motor sports community.
This information is meant to be a general summary of The Benevolent Fund Of Motorsports 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: $6,796
- Gross Receipts: $183,019
Assets and Liabilities:
- Total Assets: $436,986
- Total Liabilities: $0
- Net Assets: $436,986
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Organization Details
Founding Year
1997
Phone
(317) 258-8363Principal Officer
Matthew Welty
Main Address
PO BOX 42676, INDIANAPOLIS, IN, 46242
Website
www.indyfamilyfoundation.comNTEE Category
Code: P20 - Human services
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