Highlands Motoring Foundation Inc
- Assets
- $50.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Highlands, NC
- Founding
- 09/2009
- Data as of
- 12/2021
- EIN
- 26-4597331
Organization Overview
Highlands Motoring Foundation Inc is located in Highlands, NC. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Highlands Motoring 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, Highlands Motoring Foundation Inc generated $156.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $133.5k during the year ending 12/2021. While expenses have increased by 24.7% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE ENTITY SPONSORED THE HIGHLANDS MOTORING FESTIVAL TO GENERATE FUNDS DONATED TO LOCAL HUMAN NEEDS CHARITIES IN HIGHLANDS NC.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Knight Martorell President | 4 | $0 | |
Steve Ham Vice Preside | 2 | $0 | |
Steve Mehder Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,180 |
| Total Program Service Revenue | $126,891 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $156,071 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $3,052 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $49,440 |
| Total expenses | $133,492 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $49,861 |
| Other assets | $0 |
| Total assets | $50,719 |
| Total liabilities | $15,000 |
| Net assets or fund balances | $35,719 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Highlands Motoring Foundation Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Cbf Foundation Atlanta, GA PURPOSE: HUMANITARIAN ASSISTANCE | $5,000 |
Cbf Foundation Atlanta, GA PURPOSE: HUMANITARIAN ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
New Morning Foundation Columbia, SC | $9,598,750 | $10,587,010 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |
Silver Valley Research Foundation Mclean, VA | $1,699,232 | $12,100,000 |
York Foundation Herndon, VA | $79,294,285 | $7,194,037 |