Brad Keselowskis Checkered Flag Foundation
- Assets
- $372.3k
- Revenue
- $371.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Statesville, NC
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 27-3084900
Organization Overview
Brad Keselowskis Checkered Flag Foundation is located in Statesville, NC. The organization was established in 2010. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Brad Keselowskis Checkered Flag 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, Brad Keselowskis Checkered Flag Foundation generated $371.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 59.7% each year . All expenses for the organization totaled $212.4k during the year ending 12/2022. While expenses have increased by 54.2% 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 2017, Brad Keselowskis Checkered Flag Foundation has awarded 32 individual grants totaling $1,065,590. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL MILITARY FAMILY ASSOCIATION - OPERATION PURPLE HEALING ADVENTURES PROGRAM WHICH PROVIDES SUPPORT FOR MILITARY FAMILIES LEARNING TO COPE WITH THEIR NEW NORMAL AFTER AN INJURY
CABARRUS HEALTHCARE FOUNDATION - VETERAN'S RECOGNITION PROGRAM WHICH IDENTIFIES AND HONORS VETERANS THAT ARE RECEIVING INPATIENT CARE AT THE HOSPITAL AND PROVIDES EACH VETERAN WITH A CARE PACKAGE DURING THEIR STAY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Keselowski President | 3 | $0 | |
Paige Keselowski Vice Pres. | 3 | $0 | |
Haley Cook Secretary | 0.25 | $0 | |
Vernon Sharrow Treasurer | 2 | $0 | |
Kenneth B Brown Board Member | 0.25 | $0 | |
John Hondros Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $363,765 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $3,139 |
| Other Income | $5,000 |
| Total Revenue | $371,904 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,308 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $3,597 |
| Interest | $0 |
| Taxes | $6,358 |
| Depreciation | $0 |
| Occupancy | $1,457 |
| Travel, conferences, and meetings | $1,629 |
| Printing and publications | $0 |
| Other expenses | $59,739 |
| Total operating and administrative expenses | $142,394 |
| Contributions, gifts, grants paid | $70,000 |
| Total expenses and disbursements | $212,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $358,098 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $10,138 |
| Prepaid expenses and deferred charges | $4,015 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $69 |
| Total assets | $372,320 |
| Accounts payable and accrued expenses | $4,287 |
| Grants payable | $0 |
| Deferred revenue | $1,021 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $42 |
| Total liabilities | $5,350 |
Grants Awarded
Over the last fiscal year, Brad Keselowskis Checkered Flag Foundation has awarded $70,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL MILITARY FAMILY ASSOC PURPOSE: OPERATION PURPLE HEALING ADVENTURES | $50,000 |
CABARRUS HEALTHCARE FOUNDATION PURPOSE: VETERAN'S RECOGNITION PROGRAM | $20,000 |