Overview
What is Kyle Petty Charity Ride Trust Inc?
Kyle Petty Charity Ride Trust Inc is a charitable organization, headquartered in Charlotte, North Carolina, specifically at 10720 Sikes Place 145. The primary focus of this nonprofit is to serve as an endowment, providing aid to children facing chronic medical conditions or serious illnesses. Their mission involves channeling resources and support to these children, ensuring they receive the necessary care and assistance they need during their difficult journeys.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Overall Score: 66%, Star Rating: Two-Star out of Four Stars.
The Kyle Petty Charity Ride Trust Inc has received a rating indicating that it needs improvement, with an overall score of 66%. The organization demonstrates strong governance through a fully independent board and an absence of material diversion of assets. Additionally, it has a solid liabilities to assets ratio, reflecting good financial health.
However, there are several areas for improvement. The charity lacks essential policies such as a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and accountability. Furthermore, the absence of the tax form on the nonprofit's website raises concerns about accessibility and compliance, which may hinder donor confidence. Overall, while the organization has strengths in governance, significant gaps in policy documentation and financial transparency need to be addressed.
This AI summary has been generated from information found on Charity Navigator.
Is Kyle Petty Charity Ride Trust Inc legitimate?
Kyle Petty Charity Ride Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kyle Petty Charity Ride Trust 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.
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What is the mission statement of Kyle Petty Charity Ride Trust Inc?
The Kyle Petty Charity Ride Trust Inc. serves as an endowment, dedicated to supporting children battling chronic medical conditions or serious illnesses. Its mission is to provide assistance and aid to these children, striving to enhance their quality of life. The organization aims to provide resources and support, working towards improving their health and well-being. The Trust's activities are geared towards making a positive impact on the lives of these children, offering them hope and comfort during their challenging journey.
Who is the CEO of Kyle Petty Charity Ride Trust Inc?
Kyle Petty is the President of Kyle Petty Charity Ride Trust Inc.
What is the revenue of Kyle Petty Charity Ride Trust Inc?
Kyle Petty Charity Ride Trust Inc's revenue in 2022 was $839,077.
Who are the executives of Kyle Petty Charity Ride Trust Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Kyle Petty Charity Ride Trust Inc?
Kyle Petty Charity Ride Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kyle Petty Charity Ride Trust Inc
Kyle Petty Charity Ride Trust Inc is dedicated to serving as an endowment, specifically benefiting children who are grappling with chronic medical conditions or serious illnesses. This nonprofit organization aims to provide support and assistance to these children, ensuring they receive the care and resources they need during their challenging journeys. By functioning as an endowment, Kyle Petty Charity Ride Trust Inc is committed to making a lasting impact on the lives of these children, providing them with the necessary help to overcome their health issues and live fulfilling lives.
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Impact
July, 2024
Kyle Petty Charity Ride Trust Inc's impact includes providing support and assistance to children with chronic medical conditions or serious illnesses. This organization aims to improve the lives of these children by offering resources and aid to help them cope with their conditions. Through their activities and initiatives, they seek to bring joy and comfort to these children, making a positive difference in their lives.
This information is meant to be a general summary of Kyle Petty Charity Ride Trust 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: $117,627
- Gross Receipts: $1,359,242
Assets and Liabilities:
- Total Assets: $5,167,214
- Total Liabilities: $0
- Net Assets: $5,167,214
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Organization Details
Founding Year
2015
Phone
(704) 714-4545Principal Officer
Kyle Petty
Main Address
10720 SIKES PLACE 145, CHARLOTTE, NC, 28277
NTEE Category
Code: N12 - Recreation
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