Overview
What is Racing For Heroes Inc?
Racing For Heroes Inc, based in Semora, North Carolina, is a nonprofit organization dedicated to supporting the veteran community. Their primary mission is to provide motor sports therapy, offering an adrenaline rush and focus similar to military operations as a complement to immersion therapy, particularly beneficial for veterans involved in more active military operations. Beyond motor sports therapy, Racing For Heroes Inc focuses on community engagement, health and wellness, education, and employment initiatives. Their goal is to uplift and empower the veteran community through these programs, promoting overall well-being and personal growth.
Official website here: www.racingforheroes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
Racing For Heroes Inc has received a solid rating of 85% from Charity Navigator, reflecting strong accountability and financial health. The organization boasts a commendable score across various metrics, including 100% independent board members and no material diversion of assets. The high program expense ratio of 94.51% indicates that the majority of funds are directed toward its mission, which is focused on supporting veterans, particularly in addressing mental health issues and aiding in their transition to civilian life.
User feedback showcases a generally positive sentiment towards Racing For Heroes. Many participants commend the organization for its well-organized events and impactful support for veterans, emphasizing the camaraderie and healing they experience through motorsport-related activities. Reviewers have noted that the programs not only provide exciting opportunities but also foster meaningful connections among veterans, contributing significantly to their overall well-being.
However, some feedback hints at areas for improvement, particularly regarding event management. A specific incident involving a slow driver at a racing event was mentioned, which detracted from an otherwise successful experience for participants. Despite this, the overwhelming majority of reviews praise the dedication and effectiveness of Racing For Heroes in fulfilling its mission, highlighting the life-changing impact it has on veterans and their families.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Racing For Heroes Inc legitimate?
Racing For Heroes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racing For Heroes 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: $0
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Official website here: www.racingforheroes.org
What is the mission statement of Racing For Heroes Inc?
Racing For Heroes Inc is a non-profit organization dedicated to supporting the veteran community. Their mission is to engage with communities, promote health and wellness, provide education and employment opportunities, and offer motorsport therapy programs. The motorsport therapy program, in particular, is designed to help veterans cope with the adrenaline rush and focus that they experienced in the military, acting as a corollary to immersion therapy, especially for those veterans who were involved in more kinetic military operations and need this type of therapy.
Official website here: www.racingforheroes.org
Who is the CEO of Racing For Heroes Inc?
Mike Evock is the Board Member of Racing For Heroes Inc.
Official website here: www.racingforheroes.org
What is the revenue of Racing For Heroes Inc?
Racing For Heroes Inc's revenue in 2022 was $407,303.
Official website here: www.racingforheroes.org
Who are the executives of Racing For Heroes Inc and what are their salaries?
There 40 volunteers at Racing For Heroes Inc.
Here are 4 key members and their salaries:
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Official website here: www.racingforheroes.org
Where can I find the form 990 for Racing For Heroes Inc?
Racing For Heroes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.racingforheroes.org
Learn more at the official website: www.racingforheroes.org
Mission Statement of Racing For Heroes Inc
Racing For Heroes Inc is a non-profit organization dedicated to supporting the veteran community. This support is multifaceted, encompassing community engagement, health and wellness, education and employment, and motorsport therapy programs.
More specifically, Racing For Heroes Inc seeks to provide a unique form of therapy for veterans, drawing on the adrenaline rush and focus that they may have experienced in the military. This program, called Motorsport Therapy, is designed to offer veterans an equivalent experience, acting as an adjunct to immersion therapy, particularly for those veterans who were involved in more kinetic military operations and require this type of treatment. The therapy aims to help these veterans cope with the invisible wounds of war.
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Impact
June, 2024
Racing For Heroes Inc has made a significant impact on the veteran community through its innovative approach to supporting veterans impacted by the seen and unseen wounds of war. By offering motorsport therapy programs designed to provide veterans with the adrenaline rush and focus they once experienced in the military, Racing For Heroes Inc is helping these individuals find a new sense of purpose and healing. This unique form of immersion therapy has proven especially beneficial for veterans who were involved in intense military operations, providing them with a therapeutic outlet to cope with the challenges they face.
Through its commitment to community engagement, health and wellness, education, employment, and mental health support, Racing For Heroes Inc is filling a crucial gap in veteran care and reintegration. By harnessing the power of motorsport, this organization is not only helping veterans overcome their obstacles but also empowering them to thrive in their post-military lives.
This information is meant to be a general summary of Racing For Heroes 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.
- Gross Receipts: $407,303
Assets and Liabilities:
- Total Assets: $216,776
- Total Liabilities: $452,334
- Net Assets: -$235,558
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Organization Details
Founding Year
2013
Phone
(914) 563-4217Principal Officer
Mike Evock
Main Address
228 LEBANON CHURCH ROAD, SEMORA, NC, 27343
Website
www.racingforheroes.orgNTEE Category
Code: F30 - Mental health
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