Motor Racing Outreach
- Assets
- $770.8k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Concord, NC
- Founding
- 07/1997
- Data as of
- 12/2023
- EIN
- 58-1859610
Organization Overview
Motor Racing Outreach is located in Concord, NC. The organization was established in 1997. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Motor Racing Outreach employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motor Racing Outreach 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, Motor Racing Outreach generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 3.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO INTRODUCE THE RACING COMMUNITY TO A PERSONAL FAITH IN CHRIST, GROWTH IN CHRIST-LIKENESS,AND ACTIVE INVOLVEMENT IN CHURCH THROUGH RELATIONSHIPS THAT PROVIDE CARE IN TIMES OF STRESS,KNOWLEDGE OF GOD'S WORD, AND ASSISTANCE IN DEVELOPMENT OF LEADERSHIP SKILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHAPLAINCY 2023 PROVIDED 93 CHAPEL SERVICES AND PASTORAL CARE TO A COMMUNITY OF 3000. MEDIA CHAPEL, ONLINE CHAPEL, AT TRACK BIBLE STUDIES WERE ALL ORGANIZED AND ATTENDED AS WELL AS SHOP STUDIES AND HOME MINISTRY BIBLE STUDIES. WE HAVE FOUR FULL TIME MRO CHAPLAINS THAT MINISTER TO THE CUP, XFINITY, TRUCK AND NASCAR PINTYS CANADIAN SERIES. IN 2023, WE ALSO HAD 33 MRO- ASSOCIATION CHAPLAINS, AND ASSOCIATES THAT MINISTER TO SMALLER RACING SERIES, AND SPEEDWAYS ACROSS THE UNITED STATES. WE ALSO ADMINISTER A BENEVOLENCE FUND TO ASSIST WITH PEOPLE IN OUR RACING COMMUNITY FACING A FINANCIAL HARDSHIP AND ARE IN NEED.
COMMUNITY CENTER 2023 PROVIDED SERVICES FOR 289 CHILDREN AND AROUND 100 FAMILIES AT 18 NASCAR RACES. CHILDREN, FAMILIES AND COMMUNITY PROGRAMS AND SPECIAL EVENTS WERE OFFERED TO RACE DRIVERS, MEDIA, CREW MEMBERS AND COACH DRIVERS.
2023 MRO ONE- LADIES PROGRAM. EVERY YEAR WE HOST A SPECIAL EVENING FOR THE WOMEN OF THE NASCAR COMMUNITY. THE ANNUAL EVENT IS FOCUSED ON PROVIDING AN EVENING OF CAMARADERIE WHERE WOMEN ARE ENCOURAGED, EQUIPPED, AND EMPOWERED IN THEIR FAITH AS THE NEW SEASON OF RACING UNFOLDS. EVERY YEAR WE HAVE A GUEST PERFORMER AND DINNER IS SERVED. IN 2023 WE HAD 250 LADIES IN ATTENDANCE FROM ALL PARTS OF THE NASCAR COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Mauldin Jr President | OfficerTrustee | 40 | $101,967 |
Darrell Waltrip Chairman | OfficerTrustee | 1 | $0 |
Marcus Smith Director | Trustee | 1 | $0 |
Phil Parsons Director | Trustee | 0.5 | $0 |
Michael Mcdowell Director | Trustee | 0.5 | $0 |
Bobby Labonte Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,485,154 |
| Noncash contributions included in lines 1a–1f | $104,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,485,154 |
| Total Program Service Revenue | $6,036 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $408,089 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,899,279 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $380,316 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $101,967 |
| Compensation of current officers, directors, key employees. | $40,787 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $749,472 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,394 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,388 |
| Advertising and promotion | $0 |
| Office expenses | $2,341 |
| Information technology | $10,468 |
| Royalties | $0 |
| Occupancy | $8,921 |
| Travel | $133,238 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,501 |
| Insurance | $31,605 |
| All other expenses | $40,789 |
| Total functional expenses | $1,969,014 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,229 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $46,365 |
| Net Land, buildings, and equipment | $128,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $770,823 |
| Accounts payable and accrued expenses | $26,920 |
| Grants payable | $0 |
| Deferred revenue | $92,643 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $277,243 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $396,806 |
| Net assets without donor restrictions | $308,118 |
| Net assets with donor restrictions | $65,899 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $770,823 |
Grants Awarded
Over the last fiscal year, Motor Racing Outreach has awarded $66,621 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FEED THE CHILDREN PURPOSE: Operating Support | $41,600 |
NORTH CAROLINA BOYS ACADEMY PURPOSE: Operating Support | $5,021 |
VETERANS MOVING FORWARD PURPOSE: Operating Support | $20,000 |