Dale Earnhardt Foundation Inc
- Assets
- $5.1m
- Revenue
- $391.3k
- Investments
- $5.0m
- Employees
- 0
- Location
- Mooresville, NC
- Founding
- 09/2002
- Data as of
- 12/2023
- EIN
- 51-0421279
Organization Overview
Dale Earnhardt Foundation Inc is located in Mooresville, NC. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dale Earnhardt 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 12/2023, Dale Earnhardt Foundation Inc generated $391.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $408.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SEEKS TO RAISE FUNDS IN ORDER TO MAKE GRANTS TO EXEMPT CHARITABLE ORGANIZATIONS. THE CHARITABLE CAUSES SUPPORTED BY THE FOUNDATION INCLUDE CHILDREN'S CHARITIES, EDUCATION, WILDLIFE PRESERVATION, RELIEF AID, AND CHARITIES THAT WORK TO PREVENT DOMESTIC VIOLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE GRANTS TO CHILDREN'S CHARITIES INCLUDING PARKS AND RECREATION DEPARTMENTS; TO SCHOOLS FOR EDUCATION PROGRAMS; TO WILDLIFE PRESERVATION AND THE CONSERVATION OF LAND AND WATERWAYS; AND TO CHARITIES THAT WORK TO PREVENT DOMESTIC VIOLENCE. PROVIDE SCHOLARSHIPS TO HELP DEFRAY COLLEGE COSTS FOR STUDENTS WHO HAVE DEMONSTRATED CREATIVE IDEAS AND LEADERSHIP.GIFT TO GIRL SCOUTS IN 2012 TO SUPPORT DEVELOPMENT OF PROPERTY FOR A RETREAT FOR GIRL SCOUTS THROUGHOUT THE CAROLINAS REGION. GIFT IS PAYABLE IN $400,000 INSTALLMENTS OVER 5 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Earnhardt Chair/treas | 5 | $0 | |
Judy Queen Secretary | 4 | $0 | |
Pat Legare Director | 15 | $32,055 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $32,758 |
| Interest on Savings | $0 |
| Dividends & Interest | $143,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $214,647 |
| Capital Gain Net Income | $214,647 |
| Net ST Capital Gain | $37,166 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $391,332 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,055 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,614 |
| Depreciation | $80 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $64 |
| Printing and publications | $0 |
| Other expenses | $59,142 |
| Total operating and administrative expenses | $165,302 |
| Contributions, gifts, grants paid | $242,791 |
| Total expenses and disbursements | $408,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,634 |
| Savings and temporary cash investments | $43,502 |
| 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 | $566 |
| Prepaid expenses and deferred charges | $5,274 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,017,575 |
| Net Land, buildings, and equipment | $1,120 |
| Other assets | $0 |
| Total assets | $5,134,671 |
| Accounts payable and accrued expenses | $2,408 |
| Grants payable | $97,405 |
| 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 | $99,813 |
Grants Awarded
Over the last fiscal year, Dale Earnhardt Foundation Inc has awarded $242,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE NC AGRICULTURE FOUNDATION INC PURPOSE: TRAINING CENTER | $75,000 |
NC BASS NATION PURPOSE: YOUTH | $10,000 |
CATAWBA VALLEY COMMUNITY COLLEGE PURPOSE: RECREATION | $150,000 |
CARSON NEWMAN UNIVERSITY PURPOSE: LEGEND LEADERSHIP AWARD | $7,000 |