Scholarships For Speedway Inc
- Assets
- $232.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Speedway, IN
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-3250448
Organization Overview
Scholarships For Speedway Inc is located in Speedway, IN. The organization was established in 2014. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Scholarships For Speedway 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 12/2023, Scholarships For Speedway Inc generated $90.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $109.2k during the year ending 12/2023. While expenses have increased by 5.2% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SOLICITATION AND DISBURSEMENT OF FUNDS AS GRANTS/SCHOLARSHIPS FOR THE EDUCATIONAL BENEFIT OF CHILDREN OF SPEEDWAY, IN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debby Gonzales President | 1 | $0 | |
Karen Welch Vice President | 1 | $0 | |
Regina Neal Treasurer | 1 | $0 | |
Scott Speer Board Member | 1 | $0 | |
Tom Smith Board Member | 1 | $0 | |
Dennis Hammer Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $78,852 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $11,469 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,321 |
| 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 | $0 |
| Printing, publications, postage, and shipping | $1,498 |
| Other expenses | $2,286 |
| Total expenses | $109,218 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $232,530 |
| Other assets | $0 |
| Total assets | $232,530 |
| Total liabilities | $0 |
| Net assets or fund balances | $232,530 |