Three Points Racing Foundation Inc
- Assets
- $25.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Zionsville, IN
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-2155039
Organization Overview
Three Points Racing Foundation Inc is located in Zionsville, IN. The organization was established in 2016. According to its NTEE Classification (W30) the organization is classified as: Military & Veterans Organizations, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Three Points Racing 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 12/2021, Three Points Racing Foundation Inc generated $11.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $450.0 during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (41.3%) per year over the past 6 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
PROVIDE SCHOLARSHIPS TO STUDENTS WHO HAVE SERVED IN THEUS MILTARY, HAVE AN OUTSTANDING GPA AND SHOWS AN INTERESTIN A CAREER IN MOTORSPORTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nick Vespa President & Treasurer | 10 | $0 | |
Monte Denehie Secretary | 1 | $0 | |
Chris Wilson Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,893 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,893 |
| 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 | $0 |
| Other expenses | $450 |
| Total expenses | $450 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,978 |
| Other assets | $0 |
| Total assets | $24,978 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Three Points Racing Foundation Inc has recieved totaling $43.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Legion Auxiliary Indianapolis, IN | $53,756,323 | $11,649,453 |
Veterans Of Foreign Wars Of The United States Auxillary Kansas City, MO | $115,995,007 | $13,500,016 |
Veterans Community Project Kansas City, MO | $14,262,405 | $11,060,934 |
American Legion Auxiliary Bowling Green, KY | $99,496 | $4,500,725 |
Disabled American Veterans Paid Time Off Plan And Tr Erlanger, KY | $4,127,164 | $2,957,196 |
American Legion Indianapolis, IN | $6,888,018 | $3,332,697 |
Amvets Springfield, IL | $604,546 | $3,188,714 |
American Legion Portage, WI | $4,372,734 | $2,507,173 |
Welcome Home Inc Columbia, MO | $4,815,089 | $2,743,236 |
American Legion Bloomington, IL | $4,519,203 | $2,240,833 |
Veterans Of Foreign Wars Of The Us Dept Of Kentucky Vine Grove, KY | $282,308 | $1,502,516 |
Operation Support Our Troops - America Inc Naperville, IL | $995,272 | $1,019,373 |