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Three Points Racing Foundation Inc

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

EIN: 812155039 ✦ Zionsville, IN ✦ Designated as a 501(c)(3)

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Overview

What is Three Points Racing Foundation Inc?

Three Points Racing Foundation Inc is a nonprofit organization that extends its support to veterans and their families, offering aid during periods of deployment, disability, or loss. One of their key initiatives includes granting scholarships to students who have served in the U.S. Military, boasting an impressive academic record and showing a passion for a career in motorsports. By providing this educational assistance, Three Points Racing Foundation Inc aims to honor the service of military personnel and pave the way for their future success in the motorsports industry.

Is Three Points Racing Foundation Inc legitimate?

Three Points Racing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Points Racing Foundation Inc submitted a form 990EZ, 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

For more financial information, click here

What is the mission statement of Three Points Racing Foundation Inc?

The Three Points Racing Foundation's mission is centered around assisting veterans and their families in various challenging situations, such as deployment, disability, or loss. The foundation demonstrates its commitment by offering scholarships to outstanding students who have served in the US Military and show an interest in pursuing a career in motorsports. This financial aid is provided based on their impressive academic records.

What is the revenue of Three Points Racing Foundation Inc?

Three Points Racing Foundation Inc's revenue in 2022 was $2,548.

Who are the executives of Three Points Racing Foundation Inc and what are their salaries?

Here are 3 key members and their salaries:


Nick Vespa (President & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Wilson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Monte Denehie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Three Points Racing Foundation Inc?

Three Points Racing Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Three Points Racing Foundation Inc

Three Points Racing Foundation, a nonprofit organization, is dedicated to assisting veterans and their families in challenging periods such as deployment, disability, or loss. Its primary mission lies in providing financial aid through scholarships to exceptional students who have served in the United States Military. These scholars possess a remarkable academic record and exhibit a keen interest in pursuing a career in motorsports. By offering these scholarships, Three Points Racing Foundation aims to support and uplift individuals who have served their country and are now seeking to excel in a new field. This mission demonstrates the organization's commitment to honoring the sacrifices made by veterans and their families while also nurturing future talent in the motorsports industry.

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Impact




August, 2024

Three Points Racing Foundation Inc positively impacts veterans and their families by providing support during times of deployment, disability, or loss. Additionally, the foundation offers scholarships to students who have served in the US Military, have an outstanding GPA, and show an interest in pursuing a career in motorsports. This initiative not only helps deserving individuals achieve their educational goals but also creates opportunities for them in the motorsports industry.




This information is meant to be a general summary of Three Points Racing 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.

Revenue
$2,548 (2022)
Expenses
$4,278 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $2,548

Assets and Liabilities:

  • Total Assets: $26,451
  • Total Liabilities: $0
  • Net Assets: $26,451

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Organization Details

Principal Officer

Chris Wilson

NTEE Category

Code: W30 - Public benefit

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