Overview
What is Racing History Preservation Group Inc?
Racing History Preservation Group Inc, also known as the New England Racing Museum, is a small yet dedicated nonprofit based in Loudon, New Hampshire. Their primary mission is to preserve and promote the rich history of motorsports racing in the New England regional area. They aim to achieve this by developing and maintaining funds to safeguard related records and artifacts. The organization operates under the name New England Racing Museum and employs a team of one dedicated individual. Their efforts contribute to the public's understanding and appreciation of motorsports racing history in the New England region.
Official website here: www.nermuseum.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Racing History Preservation Group Inc has received a low rating of 56%, signifying concerns regarding its accountability and financial practices. With a One-Star rating, the organization notably lacks independent board members, which could raise questions about governance and decision-making processes. Although it has a strong program expense ratio of 91.54%, demonstrating effective allocation of funds towards its mission, other governance aspects need improvement.
Strengths include a material diversion of assets score of 10 out of 10, indicating no issues in this area, and a low liabilities to assets ratio of 0.14%, showcasing financial stability. However, significant weaknesses are present, including the absence of a conflict of interest policy, whistleblower policy, and document retention policy, which are critical for fostering transparency and accountability within the organization.
Overall, while Racing History Preservation Group Inc shows promise in its program spending, the lack of independent oversight and critical governance policies poses challenges that may affect its long-term effectiveness and trustworthiness. Improvements in these areas are essential for enhancing its standing within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Racing History Preservation Group Inc legitimate?
Racing History Preservation Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racing History Preservation Group 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,525
For more financial information, click here
Official website here: www.nermuseum.com
What is the mission statement of Racing History Preservation Group Inc?
The Racing History Preservation Group Inc is committed to promoting and preserving the rich history of motorsports racing in the New England regional area. Their mission is twofold: firstly, they aim to develop and hold funds to provide resources for preserving related records and artifacts. Secondly, they strive to ensure that this historical information is beneficial to the public. This includes archiving important documents and items related to motorsports racing, with the ultimate goal of maintaining and sharing this heritage with a wider audience.
Official website here: www.nermuseum.com
Who is the CEO of Racing History Preservation Group Inc?
Robert Bianchi is the Executive Di of Racing History Preservation Group Inc.
Official website here: www.nermuseum.com
What is the revenue of Racing History Preservation Group Inc?
Racing History Preservation Group Inc's revenue in 2022 was $157,750.
Official website here: www.nermuseum.com
Who are the executives of Racing History Preservation Group Inc and what are their salaries?
The average compensation at Racing History Preservation Group Inc during 2022 was $78,525. There is 1 employee and 20 volunteers at Racing History Preservation Group Inc.
Here are 5 key members and their salaries:
- Compensation: $78,525
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nermuseum.com
Where can I find the form 990 for Racing History Preservation Group Inc?
Racing History Preservation Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nermuseum.com
Learn more at the official website: www.nermuseum.com
Mission Statement of Racing History Preservation Group Inc
Racing History Preservation Group Inc is committed to promoting and preserving the rich history of motorsports racing in the New England regional area. Their primary objective is to benefit the public by developing and maintaining funds to provide resources necessary for the preservation of related records and artifacts. This nonprofit organization aims to ensure that the history of motorsports racing in this region does not fade away but is instead celebrated and passed on to future generations. By focusing on the collection and conservation of these valuable historical pieces, Racing History Preservation Group Inc strives to educate and engage the public in the appreciation of this significant aspect of our cultural heritage.
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Impact
October, 2024
Racing History Preservation Group Inc significantly contributes to the cultural and historical landscape of motorsports in the New England region. By focusing on the promotion and preservation of motorsports racing history, the organization enriches the community's understanding and appreciation of this dynamic and exciting sport.
Through its efforts, the group not only safeguards vital records and artifacts related to racing but also fosters public engagement in the history of motorsports. This dedication allows enthusiasts, historians, and the general public to access and learn from the rich heritage of racing in the area. By developing and managing funds for preservation initiatives, Racing History Preservation Group Inc ensures that important aspects of racing history are maintained for future generations, thereby enhancing local identity and pride in the sport.
Ultimately, their work helps solidify New England's place within the larger narrative of motorsports history, connecting people to the thrilling stories, achievements, and cultural significance that motorsports bring to the community.
This information is meant to be a general summary of Racing History Preservation Group 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: -$68,839
- Program Service Revenue: $71,029
- Gross Receipts: $157,750
Assets and Liabilities:
- Total Assets: $1,085,211
- Total Liabilities: $1,626
- Net Assets: $1,083,585
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$38,260
MUSEUM ADMISSION
Revenue
$20,421
SALES OF BOOKS & MAGAZINES
Revenue
$12,348
Organization Details
Founding Year
2011
Phone
(978) 471-9161Principal Officer
Robert Bianchi
Main Address
922 ROUTE 106, LOUDON, NH, 03307
Website
www.nermuseum.comNTEE Category
Code: A50 - Arts
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