MOTORSPORTS CHARITIES INC

EIN: 300337745 501(c)(3) Philanthropy & Grantmaking

DAYTONA BEACH, FL

Total Revenue
$5,303,865
Total Expenses
$4,472,370
Total Assets
$7,885,256
Net Assets
$7,517,269
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
FL
Principal Officer
MIKE HELTON
Phone
3863105885
Tax Period
2024-01-01 to 2024-12-31

MOTORSPORTS CHARITIES INC, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.3M in total revenue in fiscal year 2024. The organization ran a surplus of $831K, a strong 16% operating margin.

Mission

THE NASCAR FOUNDATION EMBODIES THE COMPASSION OF THE NASCAR FAMILY. THE NASCAR FOUNDATION WORKS TO IMPROVE THE LIVES OF CHILDREN WHO NEED IT MOST IN OUR NASCAR COMMUNITIES. WE BELIEVE EVERY CHILD SHOULD HAVE A CHANCE AT A HEALTHY LIFE AND DESERVES TO GET ACROSS THE FINISH LINE! THE NASCAR FOUNDATION IS MAKING CHILDREN'S HEALTH AND MEDICAL NEEDS OUR TOP PRIORITY. HELPING CHILDREN SURVIVE AND THRIVE. THAT'S OUR CHECKERED FLAG! SINCE 2006, THE NASCAR FOUNDATION HAS COMMITTED MORE THAN $50 MILLION TO INITIATIVES IMPACTING THE LIVES OF MORE THAN 1.8 MILLION CHILDREN. EVIDENCE OF OUR IMPACT CAN BE FOUND ON THE FACES OF THOUSANDS OF CHILDREN RECEIVING STATE-OF-THE-ART MEDICAL CARE IN OUR SPEEDIATRICS HOSPITAL UNITS AND THROUGH OUR SPEEDIATRICS PROGRAMS, OR ATTENDING SUMMER CAMP FOR THE FIRST TIME, OR EXPLORING THE BEHIND-THE-SCENES WORLD OF NASCAR DURING RACE WEEKENDS. IT CAN ALSO BE FOUND THROUGH THE WORK OF CHAMPIONS AND CHARITIES WHO ARE RECOGNIZED AND SUPPORTED WITH GRANTS FROM THE BETTY JANE FRANCE HUMANITARIAN AWARD WHICH HONORS THE SPIRIT OF VOLUNTEERISM THAT DRIVES THE NASCAR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,527,814

SPEEDIATRICS: THE SPEEDIATRICS PROGRAM BEGAN WITH THE HUMBLE GOAL OF IMPORTING THE COLOR, EXCITEMENT, AND FUN OF NASCAR INTO CHILDREN'S HOSPITAL ROOMS, WINGS, AND WAITING AREAS. WITH MORE THAN 16...

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SPEEDIATRICS: THE SPEEDIATRICS PROGRAM BEGAN WITH THE HUMBLE GOAL OF IMPORTING THE COLOR, EXCITEMENT, AND FUN OF NASCAR INTO CHILDREN'S HOSPITAL ROOMS, WINGS, AND WAITING AREAS. WITH MORE THAN 16 MILLION CHILDREN IN AMERICA FACING BARRIERS TO ACCESS FOR MEDICAL CARE AND SERVICES, THE NASCAR FOUNDATION EMBARKED ON AN EXPANSION OF OUR INITIAL PROGRAM TO CREATE THE SPEEDIATRICS CHILDREN'S FUND WITH THE GOAL OF ENHANCING THE DELIVERY OF HEALTH AND MEDICAL SERVICES TO AMERICA'S MOST VULNERABLE POPULATION - OUR CHILDREN. THE SPEEDIATRICS CHILDREN'S FUND WAS LAUNCHED TO PARTNER WITH ORGANIZATIONS WITH PROVEN RESULTS IN THE DELIVERY OF PEDIATRIC SERVICES AND TO FUND RESOURCES CRITICALLY NEEDED TO DELIVER HIGH-QUALITY CARE TO NEEDY CHILDREN. THIS FUND INCLUDES THE SPEEDIATRICS FUN DAY FESTIVAL PROGRAM, A SERIES OF 14 FESTIVALS IN OUR LOCAL RACE COMMUNITIES PROMOTING HEALTHY EATING HABITS AND PHYSICAL FITNESS AND WELL BEING. THE FUND ALSO SUPPORTED MEDICAL FACILITIES IN SEVERAL OF OUR RACING COMMUNITIES INCLUDING, HALIFAX HEALTH MEDICAL CENTER (DAYTONA BEACH, FL), LA RABIDA & LURIE'S CHILDRENS HOSPITAL (CHICAGO, IL), AKRON CHILDREN'S HOSPITAL (AKRON, OH) AND SEVERAL HOSPITALS IN THE SHRINERS HOSPITAL SYSTEM TO NAME A FEW. IN ADDITION, THE FUND SUPPORTS SPECIALTY CLINICS, CAMPS AND OTHER ORGANIZATIONS PROVIDING CHILDREN'S MEDICAL AND HEALTH CARE SERVICES. OVER 600,000 CHILDREN ARE IMPACTED BY THE SUPPORT PROVIDED THROUGH THESE PARTNERSHIPS

Program 2
Expenses: $279,920

THE BETTY JANE FRANCE HUMANITARIAN AWARD HONORS THE PASSIONATE COMMITMENT THAT OUR FOUNDER BETTY JANE FRANCE DEMONSTRATED WITH HER CHARITABLE WORKS AND COMMUNITY EFFORTS. FRANCE WAS A PIONEER OF...

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THE BETTY JANE FRANCE HUMANITARIAN AWARD HONORS THE PASSIONATE COMMITMENT THAT OUR FOUNDER BETTY JANE FRANCE DEMONSTRATED WITH HER CHARITABLE WORKS AND COMMUNITY EFFORTS. FRANCE WAS A PIONEER OF CHARITABLE WORKS IN THE NASCAR COMMUNITY AND SERVED AS CHAIRWOMAN AND FOUNDER OF THE NASCAR FOUNDATION FOR NEARLY 10 YEARS. BEGINNING IN 2011, THE NASCAR FOUNDATION BOARD OF DIRECTORS HAS ANNUALLY SELECTED FOUR (4) OUTSTANDING CHAMPIONS FROM A POOL OF HUNDREDS OF NOMINATIONS TO HONOR FOR THEIR OUTSTANDING WORK BENEFITTING CHILDREN. THE NASCAR FOUNDATION GRANTS A $100,000 DONATION TO THE CHILDREN'S CHARITY REPRESENTED BY THE FINALIST WHO RECEIVES THE MOST VOTES THROUGH AN ONLINE PUBLIC VOTE, AND A $25,000 DONATION TO EACH OF THE CHILDREN'S CHARITIES REPRESENTED BY THE OTHER THREE FINALISTS FOR THE AWARD. ONCE AGAIN IN 2024, THE FOUNDATION GAVE A $5,000 DONATION TO THE NEXT 6 ORGANIZATIONS WHO MADE THE TOP TEN NOMINEES. EACH FINALIST AND CHARITY RECEIVES NATIONAL EXPOSURE AND AWARENESS THROUGH TV, RADIO, PRINT, DIGITAL, AND SOCIAL MARKETING EFFORTS AS PARTICIPANTS IN THE VOTING, ANNOUNCEMENT, AND SELECTION PROCESS. IN 2024, GOD'S PIT CREW RECEIVED A GRANT FOR $100,000 AS A RESULT OF EFFORTS BY AN OUTSTANDING CHAMPION FOR CHARITIES SERVING CHILDREN. THE MISSION OF THE GOD'S PIT CREW IS TO BRING HOPE, HEALING, AND RESTORATION TO PEOPLE IN TIMES OF DISASTER. THEY ACHIEVE THIS BY PROVIDING ESSENTIAL SUPPLIES, CLEANING UP DAMAGE, AND REBUILDING HOMES. THE ADDITIONAL THREE FINALISTS FOR THE AWARD WERE PERIWINKLE FOUNDATION, COLLEGE STATION,TEXAS, BOYS & GIRLS CLUB OF THE PEE DEE AREA, FLORENCE, SOUTH CAROLINA AND HOPE OF MOORSEVILLE, MOORESVILLE, NC. SINCE THE AWARD'S INCEPTION, THE NASCAR FOUNDATION HAS DONATED A TOTAL OF $2,560,000 TO CHILDREN'S CHARITIES ON BEHALF OF FINALISTS OF THE AWARD WITH AN IMPACT TO MORE THAN 515,000 CHILDREN.

Program 3
Expenses: $1,658,324

COMMUNITY SUPPORT: THE NASCAR FOUNDATION EMBODIES THE SPIRIT OF THE NASCAR INDUSTRY AND ENSURES IMPACT WITHIN THE NASCAR RACING COMMUNITIES. THROUGH AT-TRACK PROGRAMS FOR LOCAL CHARITIES, TRACK...

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COMMUNITY SUPPORT: THE NASCAR FOUNDATION EMBODIES THE SPIRIT OF THE NASCAR INDUSTRY AND ENSURES IMPACT WITHIN THE NASCAR RACING COMMUNITIES. THROUGH AT-TRACK PROGRAMS FOR LOCAL CHARITIES, TRACK PARTNERS WITH DONOR ADVISED FUNDS, AND CHARITABLE CONTRIBUTIONS TO INITIATIVES OF IMPORTANCE AND SIGNIFICANCE TO OUR RACING FAMILY, WE ARE ABLE TO IMPROVE THE LIVES OF CHILDREN WHO NEED IT MOST IN COMMUNITIES WHERE NASCAR LIVES, WORKS, AND RACES.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,837,996
Program Service Revenue $0
Investment Income $389,565
Other Revenue $76,304
TOTAL REVENUE $5,303,865

Expense Breakdown

Grants Paid $2,627,259
Salaries & Benefits $868,854
Fundraising Expenses $592,053
Program Expenses $3,466,058
Other Expenses $976,257
TOTAL EXPENSES $4,472,370

Year-over-Year Comparison

2024 2023 Change
Revenue $5,303,865 $4,961,787 +0.1%
Expenses $4,472,370 $4,195,721 +0.1%
Net Income $831,495 $766,066 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
8
Volunteers
842

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
17
$0
Key Employees
1
$267,112
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE HELTON CHAIRMAN/PRESIDENT 2.00
Officer Director
$0 $0 $0
JENNIFER FRANCE BATES VICE CHAIRPERSON/SECRETARY 2.00
Officer Director
$0 $0 $0
SUSAN SCHANDEL TREASURER/DIRECTOR 4.00
Officer Director
$0 $0 $0
LESA KENNEDY VICE CHAIRPERSON/DIRECTOR 2.00
Director
$0 $0 $0
ANDREA BRIMMER DIRECTOR 2.00
Director
$0 $0 $0
RANDY DYE DIRECTOR 2.00
Director
$0 $0 $0
HAROLD GOODEMOTE DIRECTOR 2.00
Director
$0 $0 $0
STU GRANT DIRECTOR 2.00
Director
$0 $0 $0
HURLEY HAYWOOD DIRECTOR 2.00
Director
$0 $0 $0
PETER JUNG DIRECTOR 2.00
Director
$0 $0 $0
CHARLIE LYEDECKER DIRECTOR 2.00
Director
$0 $0 $0
KATIE PALMER DIRECTOR 2.00
Director
$0 $0 $0
CHRIS RICE DIRECTOR 2.00
Director
$0 $0 $0
GLENN RITCHEY DIRECTOR 2.00
Director
$0 $0 $0
JENNIFER SIEGEL DIRECTOR 2.00
Director
$0 $0 $0
RUSTY WALLACE DIRECTOR 2.00
Director
$0 $0 $0
LARRY WOODARD DIRECTOR 2.00
Director
$0 $0 $0
NICHOLE KRIEGER EXECUTIVE DIRECTOR 40.00
Key Emp
$246,576 $20,536 $267,112
JENNIFER QUATTROCCHI SENIOR DIRECTOR 40.00
Highest
$120,598 $9,105 $129,703
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $5,303,865 $4,472,370 $7,885,256 $831,495
2023 $4,961,787 $4,195,721 $7,053,779 $766,066
2022 $3,918,753 $3,271,013 $6,327,124 $647,740
2021 $4,114,172 $2,783,767 $5,712,174 $1,330,405
2020 $2,724,487 $2,195,166 $4,126,930 $529,321
2019 $3,248,694 $2,782,005 $3,765,213 $466,689
2018 $3,639,592 $3,031,121 $3,168,155 $608,471
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