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EIN 56-1331429

Speedway Children's Charities

IRS 501(c) type
501(c)(3)
Num. employees
10
City
Concord
State
North Carolina
Year formed
1982
Most recent tax filings
2023-12-01
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
Description
Speedway Children's Charities raises funds and provides grants to non-profit organizations that directly meet the needs of children facing medical, educational, or social challenges. The organization hosts events like auctions, dinners, golf outings, and drawings throughout the year to raise funds. These funds allow Speedway Children's Charities to issue grants to 501(c)(3) nonprofit organizations that comply with their mission.
Total revenues
$5,525,470
2023
Total expenses
$5,792,267
2023
Total assets
$1,214,200
2023
Num. employees
10
2023

Program areas at Speedway Children's Charities

Funds were raised throughout the year by holding auctions, dinners, golf outings, drawings, and numerous other events. The funds raised from these events allowed Speedway Children's Charities to issue funds to 501(c)(3) nonprofit organizations that complied with our exempt purpose.during the fiscal year ending 12/31/23 Speedway Children's Charities distributed over $4.2m to over 415 Children's programs supporting an estimated 478,365 children. Since 1982 the organization has distributed more than $68 million in grants, assisting children in need with the tools to build a better, brighter, and healthier future.

Grants made by Speedway Children's Charities

GranteeGrant descriptionAmount
Present Age MinistriesSocial$150,000
Safe House ProjectCritical Needs$110,000
Novant Health Forsyth Medical CenterMedical$100,000
...and 221 more grants made totalling $3,466,318

Who funds Speedway Children's Charities

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Centene FoundationLocal Childrens Programs$100,000
Foic CharityFor Assistance To Needy Children$75,000
Wellmont Health System / Bristol Regional Medical CenterSpeedway in Lights$50,000
...and 14 more grants received

Personnel at Speedway Children's Charities

NameTitleCompensation
Jessica FickenscherNational Managing Director$0
O. Bruton SmithFounder$0
Corey GlassTreasurer$0
Marcus G. SmithChairman$0
James GreeneSecretary ,$0
...and 3 more key personnel

Financials for Speedway Children's Charities

RevenuesFYE 12/2023
Total grants, contributions, etc.$4,736,711
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$413,583
Net income from gaming activities$375,176
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,525,470

Form 990s for Speedway Children's Charities

Fiscal year endingDate received by IRSFormPDF link
2023-122024-08-23990View PDF
2022-122023-07-31990View PDF
2021-122022-08-24990View PDF
2020-122021-10-01990View PDF
2019-122021-08-10990View PDF
...and 10 more Form 990s

Organizations like Speedway Children's Charities

OrganizationLocationRevenue
Marine Corps Scholarship FoundationAlexandria, VA$22,373,801
Canyons School District Education FoundationSandy, UT$1,470,870
Chive CharitiesAustin, TX$3,069,583
Tim Tebow FoundationJacksonville, FL$25,819,125
Dabo's All in Team FoundationClemson, SC$1,886,402
Quilts of Valor FoundationWinterset, IA$1,713,162
Foundation for WomansBaton Rouge, LA$2,487,656
Shawn Carter Scholarship FundNew York, NY$2,357,871
Foundations in EducationBridgeport, CT$7,032,652
Pressley Ridge FoundationPittsburgh, PA$3,071,673
Data update history
September 21, 2024
Updated personnel
Identified 1 new personnel
July 10, 2024
Received grants
Identified 5 new grant, including a grant for $75,000 from Foic Charity
May 19, 2024
Received grants
Identified 5 new grant, including a grant for $100,000 from Centene Foundation
December 26, 2023
Received grants
Identified 3 new grant, including a grant for $25,000 from Acn Global Reach Charities
October 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsHeadquarter / parent organizationsCharities
Issues
No issues found
Characteristics
Provides grantsFundraising eventsNational levelCommunity engagement / volunteeringGala fundraisersFundraising races, competitions, and tournamentsTax deductible donationsAccepts online donations
General information
Address
5555 Concord Pkwy S 302
Concord, NC 28027
Metro area
Charlotte-Concord-Gastonia, NC-SC
County
Cabarrus County, NC
Website URL
speedwaycharities.org/ 
Phone
(704) 455-4426
IRS details
EIN
56-1331429
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T12: Philanthropy, Voluntarism and Grantmaking Foundations Fund Raising and Fund Distribution
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
125135
FTB Entity ID
2111709
AB 488 data last updated ("as-of") date
2024-10-16
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