Overview
What is Boyle Racing Headquarters Foundation Inc?
Boyle Racing Headquarters Foundation Inc is a nonprofit organization with a mission to preserve the historic Boyle Racing Headquarters building in Indianapolis, Indiana. This building will serve as a community outreach center, hosting events for auto racing enthusiasts and showcasing Indy race cars and other display items. The foundation aims to educate the public on the Boyles' significant contributions to Indiana's auto racing history and the pivotal role the building played in establishing Indianapolis as the racing capital of the world. The facility will also include a local convention center, providing businesses and individuals with an opportunity to host events.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star rating.
The Boyle Racing Headquarters Foundation Inc received a low score of 40%, reflecting significant concerns regarding its accountability and financial practices. While the organization has a fully independent board and has policies in place to manage conflicts of interest, it lacks several critical governance policies, including a whistleblower policy and document retention procedures.
Additionally, the foundation has not made its tax forms accessible on its website, which further diminishes transparency. The financial metrics indicate a troubling absence of program expenses, suggesting potential inefficiencies or a lack of active programming. Overall, these factors contribute to the organization's low rating and highlight areas needing substantial improvement to gain public trust and effectively fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Boyle Racing Headquarters Foundation Inc legitimate?
Boyle Racing Headquarters Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boyle Racing Headquarters 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.
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What is the mission statement of Boyle Racing Headquarters Foundation Inc?
The Boyle Racing Headquarters Foundation's mission is to manage and own a historic racing headquarters building, transforming it into a public space for community outreach. This includes a local convention center, attracting auto racing enthusiasts who might be interested in hosting events. The building is also intended to showcase Indy race cars and other display items, educating the public about the foundation's contributions to auto racing history and its role in developing a city known as the racing capital of the world.
Who is the CEO of Boyle Racing Headquarters Foundation Inc?
Andrew Wolf is the President of Boyle Racing Headquarters Foundation Inc.
What is the revenue of Boyle Racing Headquarters Foundation Inc?
Boyle Racing Headquarters Foundation Inc's revenue in 2022 was $651.
Who are the executives of Boyle Racing Headquarters Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Boyle Racing Headquarters Foundation Inc?
Boyle Racing Headquarters Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boyle Racing Headquarters Foundation Inc
The Boyle Racing Headquarters Foundation Inc is dedicated to preserving and utilizing a historic building for public use and community outreach. This includes operating a local convention center, where auto racing enthusiasts and businesses would find interest in hosting events. Additionally, the foundation aims to showcase Indy race cars and other display items within the building, educating the public about the Boyles' significant contributions to Indiana auto racing history and their role in establishing Indianapolis as the racing capital of the world.
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Impact
October, 2024
Boyle Racing Headquarters Foundation Inc significantly contributed to the preservation and celebration of Indiana's rich auto racing heritage through the stewardship of the historic Boyle Racing Headquarters building in Indianapolis. By transforming this iconic site into a community resource, it provided a venue for public engagement and educational outreach related to auto racing.
The building served as a local convention center, facilitating various events that drew in racing enthusiasts and fostering a sense of community among fans of the sport. Additionally, it housed displays of Indy race cars and other historical artifacts, offering visitors insight into the vital role the Boyles and their racing activities played in establishing Indianapolis as the Racing Capital of the World.
Through its initiatives, the foundation not only aimed to honor the legacy of auto racing in Indiana but also sought to inspire future generations by educating them about the sport's history and cultural significance. The impact extended beyond mere preservation; it nurtured a vibrant community space dedicated to celebrating a beloved tradition and brought together individuals and businesses united by their passion for auto racing.
This information is meant to be a general summary of Boyle Racing Headquarters 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 2022.
- Gross Receipts: $651
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2016
Phone
(317) 920-9616Principal Officer
Andrew Wolf
Main Address
152 E 22ND ST SUITE B, INDIANAPOLIS, IN, 46202
NTEE Category
Code: A50 - Arts
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