Dale Jr Foundation
- Assets
- $676.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Mooresville, NC
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8353637
Organization Overview
Dale Jr Foundation is located in Mooresville, NC. The organization was established in 2007. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Dale Jr Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dale Jr Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Dale Jr Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $961.8k during the year ending 12/2022. While expenses have increased by 6.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dale Jr Foundation has awarded 143 individual grants totaling $4,742,262. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GIVING UNDERPRIVILEGED INDIVIDUALS, WITH A FOCUS ON YOUTH, THE RESOURCES TO IMPROVE THEIR CONFIDENCE AND EDUCATION, AND THE OPPORTUNITY TO ACHIEVE EXTRAORGINARY GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES GRANTS TO ORGANIZATIONS TO BE USED FOR VARIOUS ACTIVITIES BENEFITTING YOUTH.
EXPENSES HERE ACCOUNT FOR EMPLOYEE SALARY, BENEFITS AND PAYROLL TAXES FOR TWO FULL TIME FOUNDATION EMPLOYEES. THESE EMPLOYEES SPEND THE MAJORITY OF THEIR TIME FUNDRAISING ON BEHELF OF THE DALE JR FOUNDATION VIA VARIOUS AVENUES INCLUDING ONLINE GIVING, ONLINE AUCTIONS, RAFFLES & SPECIAL EVENTS. THE CREDIT CARD FEES ARE PRIMARILY CHARITABLE DONATIONS MADE ONLINE AND EBAY RELATED FEES FOR USE. THE REGISTRATION FEES ARE THE FEES TO ACQUIRE SOLICITATION LICENSES IN REQUIRED STATES.
THE DALE JR. FOUNDATION AWARDS SCHOLARSHIPS TO THE CHILDREN OF JR MOTORSPORTS EMPLOYEES FOR POST-SECONDARY EDUCATION INCLUDING 4-YEAR COLLEGE, 2-YEAR COLLEGE, TECHNICAL OR TRADE SCHOOL. EACH SCHOLARSHIP IS FOR $2,500 AND AWARDED ANNUALLY. SCHOLARSHIP WINNERS CAN RE-APPLY FOR 3 YEARS (FOR A MAXIMUM TOTAL OF 4 YEARS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Earnhardt Jr President | OfficerTrustee | 0 | $0 |
Kelley Earnhardt Miller Vice President | OfficerTrustee | 0.2 | $0 |
Regina Smith Secretary | OfficerTrustee | 1 | $0 |
Denise Somers Treasurer | OfficerTrustee | 1.5 | $0 |
Stokely G Caldwell Jr Director | Trustee | 0.25 | $0 |
Chris Nichols Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $345,465 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $352,043 |
| Noncash contributions included in lines 1a–1f | $147,734 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $697,508 |
| Total Program Service Revenue | $0 |
| Investment income | $1,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,253 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $185,626 |
| Net Income from Gaming Activities | $176,020 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,063,800 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $728,223 |
| Grants and other assistance to domestic individuals. | $10,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $122,967 |
| Pension plan accruals and contributions | $3,777 |
| Other employee benefits | $12,956 |
| Payroll taxes | $8,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $459 |
| Advertising and promotion | $20 |
| Office expenses | $0 |
| Information technology | $1,614 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $471 |
| Insurance | $1,692 |
| All other expenses | $6,602 |
| Total functional expenses | $961,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,448 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $57,027 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,822 |
| Net Land, buildings, and equipment | $706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $896 |
| Other assets | $7,700 |
| Total assets | $676,599 |
| Accounts payable and accrued expenses | $24,314 |
| Grants payable | $100,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $124,314 |
| Net assets without donor restrictions | $495,258 |
| Net assets with donor restrictions | $57,027 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $676,599 |
Grants Awarded
Over the last fiscal year, Dale Jr Foundation has awarded $619,964 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALL KIDS BIKES PURPOSE: EOY GIVING | $6,000 |
BIG BROTHERS BIG SISTERS OF CENTRAL PIEDMONT PURPOSE: EOY GIVING | $7,500 |
BLESSINGS IN A BACKPACK PURPOSE: EOY GIVING | $84,370 |
BRIGHT BLESSINGS LKN PURPOSE: EOY GIVING | $7,500 |
CAMP LUCK INC PURPOSE: EOY GIVING | $11,000 |
CAMP SUNSHINE PURPOSE: EOY GIVING | $50,000 |