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Motor Racing Outreach Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581859610 ✦ Concord, NC ✦ Designated as a 501(c)(3)

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Overview

What is Motor Racing Outreach Inc?

Motor Racing Outreach Inc, based in Concord, North Carolina, serves a community of approximately 3000 individuals. Their primary mission is to foster a personal faith in Christ, encourage spiritual growth, and promote active church involvement among the racing community. They accomplish this by offering various chapel services, including track-side bible studies, home ministry sessions, and digital platforms like the media chapel and online chapel. The organization emphasizes providing care during times of stress, sharing knowledge of God's word, and nurturing leadership skills within the community.


Official website here: www.go2mro.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

Motor Racing Outreach Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. With an overall score driven by its Accountability & Finance performance, the organization demonstrates robust financial practices and transparency, scoring 80% in this area. Key strengths include a fully independent board, effective conflict of interest and whistleblower policies, and a high program expense ratio of 78.11%, suggesting that a significant portion of its funds supports its mission-driven activities.

The charity's management of assets is commendable, with no material diversion reported and a favorable liabilities to assets ratio of 51.47%. These indicators reflect a well-structured organization that prioritizes financial stability and operational integrity. The comprehensive documentation of board meeting minutes and policies also contributes to its positive score.

However, while the overall rating is strong, the organization may benefit from continued efforts to enhance its programs and outreach strategies to further improve its standing and impact in the community. Overall, Motor Racing Outreach Inc appears to maintain a solid foundation for its charitable endeavors.


This AI summary has been generated from information found on Charity Navigator.

What do the Facebook reviews say about Motor Racing Outreach Inc?

94% of 35 reviewers on Facebook recommend Motor Racing Outreach Inc. Here is a summary of their reviews:

Many people express a strong appreciation for their involvement with MRO, highlighting how fulfilling and rewarding their experiences have been. The organization seems to foster a sense of community and support among its members, which resonates positively with volunteers and participants alike.

Overall, the general sentiment is one of enthusiasm and gratitude towards the nonprofit, indicating that it effectively meets the needs and expectations of those engaged with its mission.


This AI summary has been generated from reviews found on Facebook.

Is Motor Racing Outreach Inc legitimate?

Motor Racing Outreach Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Motor Racing Outreach 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: $105,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $687,327

For more financial information, click here


Official website here: www.go2mro.com

What is the mission statement of Motor Racing Outreach Inc?

Motor Racing Outreach Inc's mission is centered around introducing the racing community to a personal faith in Christ, fostering growth in Christ-likeness, and encouraging active participation in church. This is achieved through establishing supportive relationships, offering care during times of stress, imparting knowledge of God's word, and aiding in the development of leadership skills. The organization's activities include providing chapel services, pastoral care, and various educational opportunities such as media chapel, online chapel, and bible studies, both at the track and in homes.


Official website here: www.go2mro.com

Who is the CEO of Motor Racing Outreach Inc?

Billy Mauldin Jr is the President of Motor Racing Outreach Inc.


Official website here: www.go2mro.com

What is the revenue of Motor Racing Outreach Inc?

Motor Racing Outreach Inc's revenue in 2022 was $1,694,912.


Official website here: www.go2mro.com

Who are the executives of Motor Racing Outreach Inc and what are their salaries?

There 60 volunteers at Motor Racing Outreach Inc.


Here are 10 key members and their salaries:


Billy Mauldin Jr (President)
  • Compensation: $105,769
  • Related: $0
  • Other: $0
Darrell Waltrip (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Siefker (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marcus Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Parsons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mcdowell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Labonte (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lake Speed (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Dyar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Daly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.go2mro.com

Where can I find the form 990 for Motor Racing Outreach Inc?

Motor Racing Outreach Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.go2mro.com

Learn more at the official website: www.go2mro.com

Mission Statement of Motor Racing Outreach Inc

Motor Racing Outreach Inc, as a nonprofit organization, aims to introduce the racing community to a personal faith in Christ, fostering growth in Christ-likeness, and encouraging active involvement in church. They achieve this mission through the establishment of meaningful relationships that offer care during times of stress, provide knowledge of God's word, and assist in the development of leadership skills. This is done by offering various chapel services, bible studies, and pastoral care to a community of approximately 3000 individuals. These services are held in various locations such as the track, media chapel, online chapel, and Gem theatre Chapel, ensuring accessibility for all members of the racing community.

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Impact




July, 2024

Motor Racing Outreach Inc has a significant impact on the racing community by providing chaplaincy services that introduce individuals to a personal faith in Christ, foster growth in Christ-likeness, and encourage active involvement in the church. In 2022 alone, the organization conducted 96 chapel services and offered pastoral care to a community of 3000 individuals. Various programs such as media chapel, online chapel, at-track Bible studies, shop studies, and home ministry Bible studies were organized and well-attended. Through these initiatives, Motor Racing Outreach Inc ensures that individuals in the racing community receive spiritual support, knowledge of God's word, and assistance in developing leadership skills. This holistic approach positively influences the lives of many in the racing community, providing them with care, guidance, and opportunities for personal and spiritual growth.




This information is meant to be a general summary of Motor Racing Outreach 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.

Revenue
$1,694,912 (2022)
Expenses
$1,531,417 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $350
  • Gross Receipts: $2,049,807

Assets and Liabilities:

  • Total Assets: $766,650
  • Total Liabilities: $322,898
  • Net Assets: $443,752

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Conferences

Revenue

$350

Organization Details

Founding Year

1989

Principal Officer

Billy Mauldin Jr

Main Address

5555 Concord Parkway South 405, Concord, NC, 28027

NTEE Category

Code: X20 - Religion related

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