INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

EIN: 356013771 501(c)(3)

INDIANAPOLIS, IN

Total Revenue
$42,558,276
Total Expenses
$6,556,260
Total Assets
$65,144,724
Net Assets
$63,697,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1957
Legal Domicile
IN
Phone
3174925704
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC, founded in 1957, is a mid-sized nonprofit that reported $42.6M in total revenue in fiscal year 2023. Revenue surged 161% from the prior year, signaling strong growth momentum. The organization ran a surplus of $36.0M, a strong 85% operating margin.

Mission

The Indianapolis Motor Speedway Museum brings to life the innovation, thrill, and cultural significance of motor racing at the Indianapolis Motor Speedway.

Program Service Accomplishments

Program 1
Expenses: $3,073,673 Revenue: $2,888,762

THE INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION, INC. MANAGES A MUSEUM, ITS COLLECTION AND PUBLIC PROGRAMS. THE MUSEUM'S COLLECTION CONSISTS OF HISTORICALLY AND CULTURALLY SIGNIFICANT ITEMS THAT INCLUDE...

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THE INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION, INC. MANAGES A MUSEUM, ITS COLLECTION AND PUBLIC PROGRAMS. THE MUSEUM'S COLLECTION CONSISTS OF HISTORICALLY AND CULTURALLY SIGNIFICANT ITEMS THAT INCLUDE VEHICLES, RACE CARS, RACING ARTIFACTS, ARTWORK, AND PUBLICATIONS. THE MUSEUM OFFERS A COMBINATION OF ROTATING AND PERMANENT EXHIBITS THAT FOCUS ON THE HISTORY AND IMPACT OF THE INDIANAPOLIS MOTOR SPEEDWAY, INDYCAR RACING, AND MOTORSPORTS. IN ADDITION, THE MUSEUM OFFERS UNIQUE TOURS OF THE SPEEDWAY TRACK AND FACILITIES. EDUCATIONAL AND INFORMATION PROGRAMMING FOR THE PUBLIC RANGING FROM STUDENTS ON A FIELD TRIP TO LIFELONG LEARNING OPPORTUNITIES, IS AT THE HEART OF THE WORK OF THE MUSEUM. THE MUSEUM ALSO CONDUCTS A SCHOOL DAY PROGRAM EACH MAY DURING PRACTICE FOR THE INDIANAPOLIS 500 MILE RACE. SEVERAL THOUSAND STUDENTS PARTICIPATED IN 2023.

Program 2
Expenses: $821,523 Revenue: $123,200

RESTORATION TO PRESERVE EDUCATE AND CELEBRATE RACING HISTORY THROUGH ITEMS THAT ARE ON DISPLAY OR PARTICIPATE IN RACING CEREMONIES.

Program 3
Expenses: $19,155 Revenue: $35,885

THE DISTINGUISHED SPEAKER SERIES, FUEL UP FRIDAYS AND LUNCH & LEARN INFORM, EDUCATE AND ENTERTAIN RACING ENTHUSIASTS THROUGH STORY-TELLING BY AND DISCUSSIONS WITH ICONIC RACING PERSONALITIES AND...

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THE DISTINGUISHED SPEAKER SERIES, FUEL UP FRIDAYS AND LUNCH & LEARN INFORM, EDUCATE AND ENTERTAIN RACING ENTHUSIASTS THROUGH STORY-TELLING BY AND DISCUSSIONS WITH ICONIC RACING PERSONALITIES AND BEHIND THE SCENES PERSPECTIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $39,397,287
Program Service Revenue $3,002,257
Investment Income $10,820
Other Revenue $147,912
TOTAL REVENUE $42,558,276

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,067,945
Fundraising Expenses $484,782
Program Expenses $3,914,351
Other Expenses $3,488,315
TOTAL EXPENSES $6,556,260

Year-over-Year Comparison

2023 2022 Change
Revenue $42,558,276 $16,312,669 +1.6%
Expenses $6,556,260 $5,445,718 +0.2%
Net Income $36,002,016 $10,866,951 +2.3%
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
14
Independent Members
12
Employees
129
Volunteers
30

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
5
$555,914
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER & DIRECTOR 2.0
Officer Director
$0 $0 $0
N/A SECRETARY AND DIRECTOR 0.5
Officer Director
$0 $0 $0
N/A CHAIR AND DIRECTOR 0.5
Officer Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A DIRECTOR 0.5
Director
$0 $0 $0
N/A PRESIDENT 40.0
Officer
$398,129 $15,354 $413,483
N/A DIRECTOR OF FINANCE 40.0
Officer
$114,102 $28,329 $142,431
N/A VP OF ADVANCEMENT 40.0
Highest
$120,471 $7,793 $128,264
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $42,558,276 $6,556,260 $65,144,724 $36,002,016
2022 $16,312,669 $5,445,718 $27,846,137 $10,866,951
2021 $5,744,241 $4,120,757 $10,260,560 $1,623,484
2020 $4,708,335 $3,509,095 $7,132,784 $1,199,240
2019 $5,192,899 $4,314,592 $6,460,472 $878,307
2018 $2,912,398 $3,003,921 $4,318,788 $-91,523
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