Indy Car Ministry Inc
- Assets
- $243.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Speedway, IN
- Founding
- 12/1998
- Data as of
- 12/2021
- EIN
- 35-2030788
Organization Overview
Indy Car Ministry Inc is located in Speedway, IN. The organization was established in 1998. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Indy Car Ministry Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indy Car Ministry 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, Indy Car Ministry Inc generated $115.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $85.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 7 years. 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
DISCIPLESHIP PROGRAM PROVIDES BIBLES, STUDY MATERIALS, COUNSELING AND MINISTRY TO THE INDY RACING LEAGUE COMMUNITY. ALSO PROVIDES DAILY OR EVENT DAY WORSHIP SERVICES FOR INDIVIDUALS AT ALL RACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Titus Board Member | 0 | $0 | |
Pam Kenninger Treasurer | 0 | $0 | |
Bryan Jennings Board Member | 0 | $0 | |
Al Wurster Board Member | 0 | $0 | |
Michelle Kish Board Member | 0 | $0 | |
Matthew Welty President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $107,822 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,108 |
| Gain or Loss | $5,339 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $115,269 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,090 |
| Professional fees and other payments to independent contractors | $7,326 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $830 |
| Other expenses | $37,961 |
| Total expenses | $85,207 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $243,695 |
| Other assets | $0 |
| Total assets | $243,703 |
| Total liabilities | $0 |
| Net assets or fund balances | $243,703 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Indy Car Ministry Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Resourcing Christian Education International Nfp Wheaton, IL | $4,529,324 | $9,552,178 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Mission Eurasia Wheaton, IL | $4,079,309 | $7,777,222 |
G O Ministries Inc Louisville, KY | $3,216,170 | $6,018,777 |
Lutheran Bible Translators Inc Concordia, MO | $15,904,913 | $8,793,746 |
Refugeeone Chicago, IL | $12,176,477 | $10,528,802 |
Jehovah-Jireh Foundation Inc Jeffersonville, IN | $48,262,098 | $3,821,165 |
Kids Across America Branson, MO | $15,902,662 | $5,474,356 |
Good Shepherd Children And Family Services St Louis, MO | $11,979,849 | $5,884,271 |
Provident Ministries Ltd South Bend, IN | $1,633,793 | $5,569,454 |
Faith And Learning International Nfp Wheaton, IL | $3,798,689 | $6,103,075 |