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Motorsports Charities INC

Public charity
DBA: % CORRIE MARINE
Foundations · DAYTONA BEACH, FL · EIN 30-0337745

About

The nascar foundation embodies the compassion of the nascar family. The nascar foundation works to improve the lives of children who need it most in our nascar communities. We believe every child should have a chance at a healthy life and deserves to get across the finish line! The nascar foundation is making children's health and medical needs our TOP priority. Helping children survive and thrive. That's our checkered FLAG! Since 2006, the nascar foundation has committed more than $50 million to initiatives impacting the lives of more than 1.8 million children. Evidence of our impact CAN be found on the faces of thousands of children receiving state-of-the-art medical care in our speediatrics hospital units and through our speediatrics programs, or attending summer CAMP for the first time, or exploring the behind-the-scenes world of nascar during race weekends. It CAN also be found through the work of champions and charities who are recognized and supported with grants from the betty JANE france humanitarian award which honors the spirit of volunteerism that drives the nascar community.

In care of Corrie Marine

Donations are tax-deductible
Category
Foundations
Employees
8
Volunteers
842

Financial Snapshot

FY ending 2024-12-31
Revenue
$5.3M
Expenses
$4.5M
Assets
$7.9M
Liabilities
$368K

Financial history

$5.3M$2.7M$0
161718192021222324
RevenueExpenses
Latest FY2024: $5.3M · Avg: $4.1M

Political & Grant Activity

Campaign Spending
—
Lobbying
—
Grants Given
$1.3M
MOTORSPORTS CHARITIES INC
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Address

PO BOX 2875
Daytona Beach, FL, 32120-287

Governance

Voting board members17
Independent members17
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %49.5%
Permanent endowment %50.5%
Endowment held by related orgNo
Public records
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