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Nonprofit · EIN 27-4536063

SOLAR CAR CHALLENGE FOUNDATION

Also known as SOLAR CAR CHALLENGE

Tax-exempt · PLANO, TX 75023

Financials

$196K$181K2023$192K$188K2024
Revenue Expenses · by fiscal year end
Financials of SOLAR CAR CHALLENGE FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$192,119$187,760$4,359$26,623$0$26,623
December 31, 2023990-EZ$195,738$181,086$14,652$17,905$0$17,905
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$156,119
Program service revenue
$0
Investment income
$0
Other revenue
$36,000

Expenses

Grants and similar amounts paid
$9,900
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Occupancy
$6,210
Printing, publications and postage
$7,350
Other expenses
$164,300
Program services (functional)
$187,840

Balance sheet and other

Total assets, start of year
$22,264
Total assets, end of year
$26,623
Total liabilities, end of year
$0
Net assets, end of year
$26,623
Cash, savings and investments
$26,623
Gross receipts
$192,119

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Lehman MarksPresident60$0
William ShihVice-President5$0
Chris JonesChief Race Judge2$0
Jarrett DunnRace Operations3$0
Brandon ChingTechnology2$0
Christian NegrattiAmbassador2$0
Mackenzie BeckerPublic Affairs1$0
990-EZ for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Lehman MarksPresident60$0
William ShihVice-President5$0
Chris JonesChief Race Judge2$0
Jarrett DunnRace Operations3$0
Michael ForeeTechnology2$0

Address and contacts

Address (IRS master file)
3505 CASSIDY DR, PLANO, TX 75023-6221
In care of
% LEHMAN MARKS
Signed the 990-EZ
Lehman Marks, President, Solar Car Challenge
Phone
(214) 587-8489

Mission

STEM Education - Science, Engineering, Alternative Energy. The Solar Car Challenge Foundation helps motivate students in Science, Engineering, and Alternative Energy. We teach high school students how to plan, fund-raise, design, engineer, build, and race roadworthy solar cars. This goal is achieved through in-person workshops, virtual workshops, curriculum materials, mentor programs, and on-site visits. Since its inception, we have worked with more than 65,000 students in 37 states helping share the fun of STEM Education. Students enter a 15-month education cycle wherein they learn mechanical engineering, electrical engineering, aerodynamics, battery technology, project management, financial planning, materials technology, communications, coding, and construction skills. Most importantly, students learn life skills including dedication and commitment to a project. They learn how to deal with both success and failure.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • (1) The Solar Car Challenge Education Program taught 8,500 students and teachers how to plan, design, engineer, and build a roadworthy solar car through in-person and virtual workshops. (2) The Solar Car Challenge Foundation hosted a racing event at the Texas Motor Speedway that allowed student solar car teams from around the country to both display and safely race their vehicles. Forty-five teams registered to take part in the 2024 event. (3) The Solar Car Challenge hosted multiple national workshops teaching engineering and project management to high school students. This was done virtually to minimize COVID exposure. (4) The Solar Car Challenge and participating teams shared their project with both Elementary School Students and Middle School Students around the country. Our goal is to inspire youngsters to get involved with Science and Engineering. (5) The Solar Car Challenge continued its "challenge" to high school students to build a vehicle, power that vehicle by the Sun, and to drive that vehicle at a world famous NASCAR Trace (The Texas Motor Speedway) in Fort Worth, Texas.
    Expenses $187,840 · grants $9,900

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
27-4536063
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2011
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B90)
Assets (IRS master file)
$26,623
Income (IRS master file)
$192,119

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$192,119$187,760$26,623XML
990-EZDecember 2023$195,738$181,086$17,905XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-4536063).

Questions about SOLAR CAR CHALLENGE FOUNDATION

What is the EIN of SOLAR CAR CHALLENGE FOUNDATION?
The employer identification number (EIN) of SOLAR CAR CHALLENGE FOUNDATION is 27-4536063.
Is SOLAR CAR CHALLENGE FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
Are donations to SOLAR CAR CHALLENGE FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOLAR CAR CHALLENGE FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOLAR CAR CHALLENGE FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOLAR CAR CHALLENGE FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of SOLAR CAR CHALLENGE FOUNDATION?
The 990-EZ for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does SOLAR CAR CHALLENGE FOUNDATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $192,119, expenses of $187,760 and total assets of $26,623 at year end.

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