Overview
What is Circuit Events Local Organizing Committee?
Circuit Events Local Organizing Committee is a nonprofit organization based in Austin, Texas, specifically at 9201 Circuit of the Americas Blvd, ZIP code 78617. Their primary role includes assisting with the organization, administration, management, promotion, facilitation, and operation of hosting the Formula 1 United States Grand Prix and other events, competitions, and activities at their discretion. The committee's mission extends beyond the events by promoting the public interest of Austin, Travis County, and the State of Texas. By working closely with the Formula 1 race and additional events, the committee contributes significantly to the local economy and community engagement in the region.
What are the reviews and ratings of this charity?
The Circuit Events Local Organizing Committee is not currently rated by Charity Navigator due to its ineligibility stemming from the lack of necessary beacon scores, such as Accountability & Finance or Impact & Measurement. The absence of a rating should not be interpreted as either positive or negative. The organization has not been evaluated, which might be due to data limitations or its non-501(c)(3) status.
Although it lacks a current Charity Navigator rating, it was historically assessed primarily on aspects akin to today's Accountability and Finance score. However, recent factors like Leadership & Adaptability, Culture & Community, and Impact & Measurement have not been evaluated owing to its non-501(c)(3) classification. This status also affects the availability of data on total revenue, expenses, and the salaries of key persons, which currently remains inaccessible.
Since there are no user reviews available from GreatNonprofits, further insights into the organizational operation and its impacts on the community are limited. Potential donors or interested parties may need to seek additional direct information from the nonprofit to assess its contribution to its stated mission and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Circuit Events Local Organizing Committee legitimate?
Circuit Events Local Organizing Committee is a legitimate nonprofit organization registered as a 501(c)(6) entity. Circuit Events Local Organizing Committee 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.
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What is the mission statement of Circuit Events Local Organizing Committee?
The Circuit Events Local Organizing Committee plays a vital role in facilitating the organization, administration, and management of hosting Formula One races and various other events, competitions, and activities under the Corporation's discretion. Their primary objective is to ensure the successful execution of these events while promoting the public interest of the hosting cities, counties, and states. By collaborating on the logistical aspects of the events, they contribute significantly to the community and enhance the overall experience for attendees.
Who is the CEO of Circuit Events Local Organizing Committee?
Anna Panossian is the Secretary of Circuit Events Local Organizing Committee.
What is the revenue of Circuit Events Local Organizing Committee?
Circuit Events Local Organizing Committee's revenue in 2022 was $29,370,475.
Who are the executives of Circuit Events Local Organizing Committee and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Circuit Events Local Organizing Committee?
Circuit Events Local Organizing Committee's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Circuit Events Local Organizing Committee
The Circuit Events Local Organizing Committee, a dedicated group, works towards facilitating the organization, administration, management, promotion, and operation of Formula One United States Grand Prix and other events, competitions, and activities hosted by the corporation at the discretion of the Board of Directors. Their mission extends beyond event management, as they also strive to promote the public interest of the city, Travis County, and the State of Texas.
In more detail, this committed organization plays a pivotal role in ensuring the seamless execution of high-profile events under the Formula One umbrella. From the initial stages of planning to the final day of the competition, they oversee various aspects such as organization, administration, and management. Their expertise in promotion and facilitation helps attract a large audience, creating a buzz around the events. The Committee's operational skills ensure a successful and memorable experience for attendees.
Furthermore, the Circuit Events Local Organizing Committee is deeply committed to contributing positively to the communities they serve. By promoting the public interest of Austin, Travis County, and the State of Texas, they aim to create a lasting impact. Their efforts are geared towards enhancing the reputation of the region as a premier events destination, attracting more opportunities and economic growth. This selfless dedication to the community makes the Circuit Events Local Organizing Committee an invaluable asset.
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Impact
October, 2024
The Circuit Events Local Organizing Committee significantly impacts the Austin area by facilitating the successful hosting of major events like the Formula One United States Grand Prix. Their efforts encompass organization, administration, management, promotion, and operation of these high-profile events, contributing to the city's visibility and economic vitality.
By attracting large-scale competitions and activities, the committee helps stimulate local businesses, tourism, and hospitality sectors. Their initiatives also play a crucial role in securing state reimbursements from the Texas Events Trust Fund, ensuring that Austin can continue to benefit financially from hosting such significant events.
Additionally, their work enhances community engagement and interest in motorsports, promoting local culture and recreational opportunities. Overall, the committee's actions are integral to advancing the public interest, fostering growth, and bolstering Austin's status as a vibrant destination for international events.
This information is meant to be a general summary of Circuit Events Local Organizing Committee. 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.
- Gross Receipts: $29,370,475
Assets and Liabilities:
- Total Assets: $2,475,880
- Total Liabilities: $2,474,810
- Net Assets: $1,070
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Organization Details
Founding Year
2011
Phone
(512) 655-6280Principal Officer
Anna Panossian
Main Address
9201 CIRCUIT OF THE AMERICAS BLVD, AUSTIN, TX, 78617
NTEE Category
Code: S40 - Community improvement
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