Speedway Children's Charities
Speedway Children's Charities
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About this organization
Mission
Speedway Children's Charities provide funds to organizations that meet the direct needs of children with medical, educational or social challenges. Mentoring programs, camps for special needs children, food and clothing are just some of the many organizations goals that we support. We believe that we best impact children's lives by supporting organizations in communities that are working tirelessly to see that children's needs are met and that no child is left behind regardless of illness, social environment or disability.
About
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 fiscal year ending 09/30/19 Speedway Children's Charities distributed approximately $3m to over 400 children's programs supporting an estimated 600,000 children. Since 1982 the organization has distributed more than $55 million in grants, assisting children in need with the tools to build a better, brighter and healthier future.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “To raise funds and provide grants to non-profit organizations that meet the direct needs of children with medical, educational or social challenges.”.
When explaining its purpose, the activities were described as: “Speedway children's charities primary exempt purpose is to raise funds and provide grants to non-profit organizations that meet the direct needs of children with medical, educational or social challenges.”.
- The non-profit is legally allowed to operate in the state of NC, as reported.
- The filing provides the non-profit's address in 2020 as 5401 E INDEPENDENCE BLVD, CHARLOTTE, NC, 28212.
- The non-profit has a total of 0 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $246,443.
- The organization has 15 independent voting members.
- The organization was formed in 1982.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $987,181 in fundraising expenses.