Joey Logano Charitable Foundation
- Assets
- $3.1m
- Revenue
- $1.5m
- Investments
- $1.3m
- Employees
- 0
- Location
- Huntersville, NC
- Founding
- 09/2013
- Data as of
- 12/2023
- EIN
- 45-2464294
Organization Overview
Joey Logano Charitable Foundation is located in Huntersville, NC. The organization was established in 2013. 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. Joey Logano Charitable 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 12/2023, Joey Logano Charitable Foundation generated $1.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $788.1k during the year ending 12/2023. While expenses have increased by 5.0% per year over the past 9 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 2014, Joey Logano Charitable Foundation has awarded 279 individual grants totaling $5,991,258. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DIRECT SUPPORT TO NON-PROFIT AGENCIES IN SUPPORT OF THEIR PROGRAMS BENEFITTING INDIVIDUALS AND FAMILIES IN NEED OF ASSISTANCE RELATED TO HEALTH DISABILITIES OR CANCER.
PROVIDE DIRECT SUPPORT TO NON-PROFIT AGENCIES IN SUPPORT OF THEIR PROGRAMS BENEFITTING INDIVIDUALS AND FAMILIES IN NEED OF ASSISTANCE RELATED TO HUMAN SERVICE.
SUPPORT OF VARIOUS BENEVOLENT CHARITABLE CAUSES IN NEED THAT MATCH OUR CHARITABLE MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joey Logano Director | 1 | $0 | |
Brittany Logano Director | 1 | $0 | |
Warren Vigus Director | 1 | $0 | |
Walter Czarnecki Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,191,342 |
| 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 | $0 |
| Other Income | $355,804 |
| Total Revenue | $1,547,146 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,728 |
| Depreciation | $0 |
| Occupancy | $21,826 |
| Travel, conferences, and meetings | $30,795 |
| Printing and publications | $15,510 |
| Other expenses | $203,444 |
| Total operating and administrative expenses | $291,143 |
| Contributions, gifts, grants paid | $496,946 |
| Total expenses and disbursements | $788,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,801,064 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $386 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $400,878 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,132,796 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joey Logano Charitable Foundation has awarded $496,946 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LEAST OF THESE GASTON INC PURPOSE: HUMAN SERVICES | $45,000 |
NEW ENGLAND HEMPHILIA ASSOC PURPOSE: HEALTH | $546 |
THE CROSSNORE SCHOOL & CHILDREN'S HOME PURPOSE: HUMAN SERVICES | $40,000 |
AUTISM DELAWARE INC PURPOSE: HUMAN SERVICES | $5,000 |
CHILDRENS HOPE ALLIANCE PURPOSE: HEALTH | $100,000 |
HOMETOWN FOUNDATION PURPOSE: HUMAN SERVICES | $7,500 |