Overview
What is Utah Motorsports Foundation?
Utah Motorsports Foundation, based in Salt Lake City, Utah, is a nonprofit organization that focuses on raising funds to assist individuals in need within the motorsports industry. Their mission extends beyond just financial assistance, as they have provided aid to three individuals to cover their medical needs. The organization, with an address at 818 West South Temple, operates within the broader motorsports community, demonstrating a commitment to supporting those in need within this field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Utah Motorsports Foundation has received a Two-Star rating from Charity Navigator, reflecting an overall score of 73%. This score is solely based on their Accountability & Finance metrics, indicating that the organization is evaluated primarily through its financial practices and transparency rather than its programmatic effectiveness or impact.
One notable strength of the foundation is its high accountability standards, as evidenced by a perfect score for having a majority of independent board members and a solid board structure. Additionally, the organization demonstrates strong financial health, highlighted by a program expense ratio of nearly 95%, suggesting that a significant portion of its funds are directed toward its programs rather than administrative costs.
However, while the financial metrics are favorable, there may be limitations as the overall rating does not take into account other critical areas such as organizational impact or outcomes. Potential donors or supporters should consider this rating in conjunction with additional research on the foundation's mission and effectiveness in achieving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is Utah Motorsports Foundation legitimate?
Utah Motorsports Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Utah Motorsports Foundation 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
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What is the mission statement of Utah Motorsports Foundation?
The Utah Motorsports Foundation's mission is centered around raising funds to provide assistance to individuals in need within the motorsports industry. This organization strives to lend a helping hand to those facing various challenges within this field, specifically focusing on their medical needs. As per the provided information, the foundation has already extended aid to three individuals in this regard.
Who is the CEO of Utah Motorsports Foundation?
Mike Nish is the Trustee of Utah Motorsports Foundation.
What is the revenue of Utah Motorsports Foundation?
Utah Motorsports Foundation's revenue in 2021 was $1,085.
Who are the executives of Utah Motorsports Foundation and what are their salaries?
Where can I find the form 990 for Utah Motorsports Foundation?
Utah Motorsports Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Utah Motorsports Foundation
Utah Motorsports Foundation, a nonprofit organization, is dedicated to raising funds to aid individuals in need within the motor sports industry. Its primary mission is to provide financial assistance to individuals who are facing challenging circumstances, specifically focusing on their medical needs. By doing so, the foundation aims to offer support and relief to those who are integral parts of the motor sports community. In the past, Utah Motorsports Foundation has extended its assistance to three individuals, helping them navigate their medical challenges.
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Impact
October, 2024
Utah Motorsports Foundation significantly impacts the motorsports community by providing essential financial assistance to individuals facing medical needs. Based in Salt Lake City, Utah, it has made a direct difference in the lives of at least three individuals within the motorsports industry, helping them navigate challenging circumstances related to health issues. Through fundraising efforts, the foundation plays a crucial role in ensuring that those involved in motorsports receive the support they need during difficult times, promoting a sense of community and solidarity within the industry.
This information is meant to be a general summary of Utah Motorsports Foundation. 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 2021.
- Investment Income: $23
- Gross Receipts: $1,085
Assets and Liabilities:
- Total Assets: $572,962
- Total Liabilities: $0
- Net Assets: $572,962
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Organization Details
Founding Year
2000
Phone
(801) 533-9179Principal Officer
Mike Nish
Main Address
818 WEST SOUTH TEMPLE, SALT LAKE CITY, UT, 84104
NTEE Category
Code: T21 - Philanthropy
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