Overview
What is Nxg Youth Motorsports Inc?
Nxg Youth Motorsports Inc is a nonprofit organization situated in Indianapolis, Indiana, with an additional presence in Detroit, Michigan. Their primary mission is to engage and educate Black youth through go-kart racing, encompassing topics such as advanced driving techniques, track geometry, and fundamental mechanical equipment principles. This experience is designed to translate into valuable life skills. The organization, which employs a small team of four individuals, operates an academy to serve the local youth population in both Central Indiana and Detroit, providing them with a unique and enriching experience.
Official website here: www.nxgdriving.com
Is Nxg Youth Motorsports Inc legitimate?
Nxg Youth Motorsports Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nxg Youth Motorsports 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,488
For more financial information, click here
Official website here: www.nxgdriving.com
What is the mission statement of Nxg Youth Motorsports Inc?
NxG Youth Motorsports Inc's mission is centered around serving the youth, specifically in Central Indiana and Detroit Michigan. The organization operates an academy where it introduces Black boys and girls to the fundamental aspects of go-kart racing. This includes teaching them advanced driving techniques, understanding track geometry, and the basics of mechanical equipment. These skills are not just limited to go-kart racing but are also transferable to their future daily lives. The aim is to provide these young individuals with valuable experiences that can benefit them beyond the racing track.
Official website here: www.nxgdriving.com
Who is the CEO of Nxg Youth Motorsports Inc?
Rodney L Reid is the Executive Director of Nxg Youth Motorsports Inc.
Official website here: www.nxgdriving.com
What is the revenue of Nxg Youth Motorsports Inc?
Nxg Youth Motorsports Inc's revenue in 2022 was $667,334.
Official website here: www.nxgdriving.com
Who are the executives of Nxg Youth Motorsports Inc and what are their salaries?
The average compensation at Nxg Youth Motorsports Inc during 2022 was $61,622. There are 4 employees at Nxg Youth Motorsports Inc.
Here are 8 key members and their salaries:
- Compensation: $120,000
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.nxgdriving.com
Where can I find the form 990 for Nxg Youth Motorsports Inc?
Nxg Youth Motorsports Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nxgdriving.com
Learn more at the official website: www.nxgdriving.com
Mission Statement of Nxg Youth Motorsports Inc
NxG Youth Motorsports Inc is dedicated to serving the youth in Central Indiana and Detroit Michigan, as outlined in its mission. The organization has established an academy with the primary aim of introducing Black boys and girls to the fundamentals of go-kart racing. This academy goes beyond just teaching the basics of racing, but also focuses on advanced driving techniques, track geometry, and mechanical equipment basics. These skills, the organization believes, will be beneficial to the youth in their future daily lives, beyond the racing track. By engaging with NxG Youth Motorsports Inc, the youth have the opportunity to learn and grow in a unique and empowering environment.
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Impact
July, 2024
Nxg Youth Motorsports Inc's impact is significant in Central Indiana and Detroit, Michigan, as it provides Black boys and girls with valuable skills and opportunities through its go-kart racing academy. By introducing them to advanced driving techniques, track geometry, and mechanical equipment basics, Nxg Youth Motorsports Inc equips these youth with skills that are not only relevant to motorsports but also transferable to their future daily lives. This organization is making a meaningful difference in the lives of young individuals by providing them with recreational activities that also foster personal development and growth.
This information is meant to be a general summary of Nxg Youth Motorsports 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.
- Program Service Revenue: $11,265
- Gross Receipts: $669,164
Assets and Liabilities:
- Total Assets: $345,264
- Total Liabilities: $8,160
- Net Assets: $337,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program fees
Revenue
$11,265
Organization Details
Founding Year
2016
Phone
(317) 632-1132Principal Officer
Rodney L Reid
Main Address
1302 N ILLINOIS ST, Indianapolis, IN, 462022321
Website
www.nxgdriving.comNTEE Category
Code: N60 - Recreation
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