Overview
What is National Sprint Car Hall Of Fame And Museum Foundation Inc?
The National Sprint Car Hall of Fame and Museum Foundation Inc, based in Knoxville, Iowa, is a dedicated nonprofit organization that plays a pivotal role in preserving the rich history and culture of open wheel racing. They foster membership within their organization, honoring distinguished individuals through awards and banquets, and organizing Hall of Fame ceremonies. Moreover, they maintain a captivating museum that showcases the evolution of this thrilling sport, providing an engaging and educational experience for visitors. Their mission extends beyond the realm of preservation, as they also promote their organization and contribute to the sport's ongoing development.
Official website here: www.sprintcarhof.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The National Sprint Car Hall of Fame and Museum Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. With a rating of 95% based solely on its Accountability & Finance score, this nonprofit demonstrates a high level of transparency and effective financial management.
Key strengths include a fully independent board, with 100% of its members being independent, and excellent performance in financial oversight, as evidenced by their audit and oversight committee. The foundation has also shown strong performance metrics with a program expense ratio of 75.88%, indicating that a significant portion of its funds directly supports its mission, along with an efficient fundraising cost of just $0.10 per dollar raised.
No significant limitations were noted in the available data, as the organization has not reported any material diversions of assets or liabilities that could impact its stability. Overall, the foundation's robust governance practices and financial efficiency position it well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about National Sprint Car Hall Of Fame And Museum Foundation Inc?
96% of the 868 reviewers on Facebook recommend the National Sprint Car Hall of Fame and Museum Foundation Inc. Here is a summary of their reviews:
Many visitors describe the museum as a "cool" place, highlighting the affordable admission fee of just $5 as an added bonus. Enthusiasm for returning to the museum suggests that guests enjoy their experience, emphasizing that the venue offers a unique showcase of sprint car history and culture.
Overall, it appears that patrons are pleased with what the museum has to offer, finding value in both the exhibits and the accessible pricing. The positive sentiments indicate that the nonprofit delivers a fulfilling experience to its guests.
This AI summary has been generated from reviews found on Facebook.
Is National Sprint Car Hall Of Fame And Museum Foundation Inc legitimate?
National Sprint Car Hall Of Fame And Museum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Sprint Car Hall Of Fame And Museum Foundation 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: $105,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,913
For more financial information, click here
Official website here: www.sprintcarhof.com
What is the mission statement of National Sprint Car Hall Of Fame And Museum Foundation Inc?
The National Sprint Car Hall of Fame and Museum Foundation's mission is centered around preserving open wheel racing. This organization actively promotes membership to its cause, recognizes notable individuals through awards and banquets, organizes Hall of Fame ceremonies, and maintains a museum showcasing the rich history of the sport. The museum is located in Knoxville, but the focus of the foundation extends beyond this physical location, aiming to uphold and celebrate the tradition of open wheel racing.
Official website here: www.sprintcarhof.com
What is the revenue of National Sprint Car Hall Of Fame And Museum Foundation Inc?
National Sprint Car Hall Of Fame And Museum Foundation Inc's revenue in 2023 was $1,651,323.
Official website here: www.sprintcarhof.com
Who are the executives of National Sprint Car Hall Of Fame And Museum Foundation Inc and what are their salaries?
The average compensation at National Sprint Car Hall Of Fame And Museum Foundation Inc during 2023 was $18,432. There are 27 employees and 145 volunteers at National Sprint Car Hall Of Fame And Museum Foundation Inc.
Here are 10 key members and their salaries:
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Official website here: www.sprintcarhof.com
Where can I find the form 990 for National Sprint Car Hall Of Fame And Museum Foundation Inc?
National Sprint Car Hall Of Fame And Museum Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sprintcarhof.com
Learn more at the official website: www.sprintcarhof.com
Mission Statement of National Sprint Car Hall Of Fame And Museum Foundation Inc
The National Sprint Car Hall of Fame and Museum Foundation is dedicated to preserving the rich history and culture of open wheel racing. This esteemed organization achieves its mission through various means, including the promotion of memberships, the presentation of awards and banquets, and the organization of Hall of Fame ceremonies. Furthermore, the Foundation maintains a museum that showcases the evolution and development of this thrilling sport. By preserving and celebrating the heritage of open wheel racing, the National Sprint Car Hall of Fame and Museum Foundation serves as a vital resource and advocate for the sport, fostering appreciation and understanding among enthusiasts and the general public alike.
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Impact
July, 2024
The National Sprint Car Hall of Fame and Museum Foundation impacts the world of open-wheel racing by preserving its history and heritage through its museum in Knoxville, IA. It promotes memberships, hosts awards ceremonies and banquets, and honors legends of the sport through its Hall of Fame induction ceremonies. This organization plays a vital role in celebrating and showcasing the legacy of sprint car racing, enriching the experience for fans and participants alike.
This information is meant to be a general summary of National Sprint Car Hall Of Fame And Museum 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $13,818
- Gross Receipts: $3,221,921
Assets and Liabilities:
- Total Assets: $7,693,756
- Total Liabilities: $260,250
- Net Assets: $7,433,506
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Organization Details
Founding Year
1986
Phone
(641) 842-6176Principal Officer
Bob Baker
Main Address
PO BOX 542, KNOXVILLE, IA, 50138
Website
www.sprintcarhof.comNTEE Category
Code: A500 - Arts
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