Martin Truex Jr Foundation Inc
- Assets
- $556.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 11/2007
- Data as of
- 12/2021
- EIN
- 26-0654126
Organization Overview
Martin Truex Jr Foundation Inc is located in Mooresville, NC. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Truex Jr Foundation Inc 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 12/2021, Martin Truex Jr Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $671.6k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GRANT MAKING TO RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS MADE TO ORGANIZATIONS THAT RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.
GRANTS MADE TO ORGANIZATIONS THAT RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Backer Executive Di | Officer | $0 | |
John Hondros Treasurer | Officer | $0 | |
Janet Godfrey Member | Officer | $0 | |
Martin Truex Jr President & | Officer | $0 | |
Dr Matt Mcdonald Member | Officer | $0 | |
Jeremy Scott Director | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,086 |
| Noncash contributions included in lines 1a–1f | $19,583 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $254,086 |
| Total Program Service Revenue | $0 |
| Investment income | $6,689 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,667 |
| Net Income from Fundraising Events | $608,872 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,058,080 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,551 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $210,722 |
| Fees for services: Legal | $103,242 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,400 |
| Office expenses | $1,754 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,548 |
| 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 | $694 |
| Insurance | $0 |
| All other expenses | $24,140 |
| Total functional expenses | $671,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $338,268 |
| Savings and temporary cash investments | $208,488 |
| Pledges and grants receivable | $0 |
| 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 | $10,177 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $556,933 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $206,560 |
| Total liabilities | $206,560 |
| Net assets without donor restrictions | $350,373 |
| Net assets with donor restrictions | $0 |
| 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 | $556,933 |
Grants Awarded
Over the last fiscal year, Martin Truex Jr Foundation Inc has awarded $85,551 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRANTS TO DOM ORG CASH | | | $65,551 |
TERRAIN ADVOCATE PROGRAM | | | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Martin Truex Jr Foundation Inc has recieved totaling $183,427.
| Awarding Organization | Amount |
|---|---|
Motorsports Charities Inc Daytona Beach, FL PURPOSE: PROGRAM SUPPORT | $65,000 |
Evernham Family-Racing For A Reason Foundation Mooresville, NC PURPOSE: CONTRIBUTION | $35,000 |
Hendrick Family Foundation Charlotte, NC PURPOSE: PROGRAM SUPPORT | $20,000 |
Presbyterian Hospital Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $16,000 |
Dale Jr Foundation Mooresville, NC PURPOSE: EOY GIVING | $12,500 |
Marks Family Foundation Redwood City, CA PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iptay Clemson, SC | $124,989,602 | $72,209,791 |
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
National Association Of Competitive Soccer Clubs Myrtle Beach, SC | $2,349,314 | $12,740,248 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |