Overview
What is Racing For Als Inc?
Racing for Als Inc is a nonprofit organization situated in Apex, North Carolina, specifically at 3513 Foy Glen CT. Their primary mission is to generate funds and promote awareness for research and treatment of Motor Neuron Disease, commonly known as ALS. In the year 2021, they distributed grants to support and care for individuals suffering from ALS. Their activities are focused on advancing knowledge and potential solutions in the fight against this debilitating condition.
Official website here: www.racingforals.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 69%)
Racing For ALS Inc has received a two-star rating from Charity Navigator, indicating it needs improvement. The organization shows strengths in areas such as having a majority of independent board members and maintaining a favorable liabilities to assets ratio, both of which contribute positively to its accountability and governance.
However, the organization faces significant challenges related to its financial transparency. It scored zero points in several essential areas, including financial statements, conflict of interest policy, and whistleblower policy, which raises concerns about its financial practices and organizational governance. Additionally, the lack of a documented retention policy and missing tax form postings on its website further detracts from its accountability.
Despite a perfect program expense ratio, the overall financial management and lack of transparency are points of concern that potential donors and supporters may want to consider. The organization has room for improvement in its governance policies and financial reporting to enhance its standing and trust with the public.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Racing For Als Inc?
100% of 9 reviewers on Facebook recommend Racing For ALS Inc. Here is a summary of their reviews:
The sentiment towards Racing For ALS Inc. is overwhelmingly positive, with supporters expressing love and appreciation for the organization. Many highlight its mission of fighting against ALS and commend the impact of the nonprofit's efforts. The phrase "HORSEPOWER HEALS" encapsulates their message and seems to resonate well with followers.
Overall, participants feel strongly connected to the cause and are inspired by Racing For ALS Inc.'s dedication. This sense of community fosters ongoing support and encouragement for the nonprofit's initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Racing For Als Inc legitimate?
Racing For Als Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racing For Als 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.racingforals.com
What is the mission statement of Racing For Als Inc?
Racing for Als Inc's mission is centered around raising funds and fostering awareness for the research and treatment of Motor Neuron Disease, more commonly known as ALS. Their primary objective is to contribute to the scientific community's understanding and potential solutions for this debilitating condition. In the year 2021, the organization actively administered grants to support individuals living with ALS, demonstrating their commitment to both care and cure.
Official website here: www.racingforals.com
Who is the CEO of Racing For Als Inc?
Scott Lloyd is the President of Racing For Als Inc.
Official website here: www.racingforals.com
What is the revenue of Racing For Als Inc?
Racing For Als Inc's revenue in 2022 was $759,873.
Official website here: www.racingforals.com
Who are the executives of Racing For Als Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.racingforals.com
Where can I find the form 990 for Racing For Als Inc?
Racing For Als Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.racingforals.com
Learn more at the official website: www.racingforals.com
Mission Statement of Racing For Als Inc
Racing for Als Inc, a nonprofit organization, is dedicated to making a significant impact in the fight against Motor Neuron Disease (ALS). Their primary mission is twofold: to raise funds and increase awareness for research and treatment options related to this debilitating condition. By administering grants in support and care of individuals with ALS during the calendar year 2021, Racing for Als Inc demonstrates its unwavering commitment to this cause. Through their efforts, they aim to contribute to the broader objective of finding effective treatments and ultimately, finding a cure for ALS.
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Impact
July, 2024
Racing For ALS Inc's impact lies in its work to raise funds and awareness for the research and treatment of motor neuron disease, specifically ALS. Through administering grants in support and care of individuals with ALS, Racing For ALS Inc plays a crucial role in advancing efforts to improve the lives of those affected by this devastating disease. Their mission to raise funds and awareness for ALS research is a testament to their commitment to making a difference in the fight against this disease.
This information is meant to be a general summary of Racing For Als 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: $23,558
- Gross Receipts: $816,762
Assets and Liabilities:
- Total Assets: $296,333
- Total Liabilities: $118,706
- Net Assets: $177,627
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Organization Details
Founding Year
2020
Phone
(919) 387-9892Principal Officer
Scott Lloyd
Main Address
3513 FOY GLEN CT, APEX, NC, 27539
Website
www.racingforals.comNTEE Category
Code: G50 - Disease
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