Nonprofit · EIN 35-1842139
INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC
Tax-exempt · SPEEDWAY, IN 46224
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $60,609 | $68,651 | -$8,042 | $474,629 | $0 | $474,629 |
| December 31, 2024 | 990-EZ | $53,012 | $62,082 | -$9,070 | $451,873 | $0 | $451,873 |
| December 31, 2023 | 990-EZ | $93,291 | $58,150 | $35,141 | $422,569 | $0 | $422,569 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $32,251
- Membership dues
- $29,322
- Investment income
- $22
- Net income from fundraising events
- -$1,951
- Net income from sales of inventory
- $377
- Other revenue
- $588
Expenses
- Grants and similar amounts paid
- $10,129
- Compensation of officers, directors and key employees
- $19,650
- Salaries, compensation and benefits (total)
- $18,650
- Professional fees and payments to contractors
- $1,575
- Printing, publications and postage
- $12,631
- Other expenses
- $25,666
- Program services (functional)
- $34,809
Balance sheet and other
- Total assets, start of year
- $451,873
- Total assets, end of year
- $474,629
- Total liabilities, end of year
- $0
- Net assets, end of year
- $474,629
- Cash, savings and investments
- $151,538
- Gross receipts
- $114,005
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA J HELLYER | SECRETARY/TREASURER | 15 | $12,150 |
| BOB GATES | BOARD MEMBER/NEWSLETTER EDITOR | 4 | $7,500 |
| CURT CAVIN | BOARD MEMBER | 0.5 | $0 |
| DAVE A CALABRO | BOARD MEMBER | 0.5 | $0 |
| DONALD C BASALA | BOARD MEMBER | 0.5 | $0 |
| JEFFREY V BOLES | BOARD MEMBER | 0.5 | $0 |
| JIM LUEBBERT | BOARD MEMBER | 0.5 | $0 |
| JOHNNY W PARSONS JR | BOARD MEMBER | 0.5 | $0 |
| RICK LONG | BOARD MEMBER | 0.5 | $0 |
| JOE FLYNN | PRESIDENT | 2 | $0 |
| STEPHEN SOMERMEYER | CHAIRMAN OF THE BOARD | 2 | $0 |
| V BRUCE WALKUP | BOARD MEMBER | 0.5 | $0 |
| DONNIE BEECHLER | BOARD MEMBER | 0.5 | $0 |
| DAVE WILSON | 1ST VICE PRESIDENT | 2 | $0 |
| DENNIS HAROLD | BOARD MEMBER | 0.5 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL PAGE | BOARD MEMBER | 0.5 | $0 |
| DAVE POPIELARZ | BOARD MEMBER | 0.5 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA J HELLYER | SECRETARY/TREASURER | 15 | $12,150 |
| BOB GATES | BOARD MEMBER/NEWSLETTER EDITOR | 4 | $7,500 |
| CURT CAVIN | BOARD MEMBER | 0.5 | $0 |
| DAVE A CALABRO | BOARD MEMBER | 0.5 | $0 |
| DONALD C BASALA | BOARD MEMBER | 0.5 | $0 |
| JEFFREY V BOLES | BOARD MEMBER | 0.5 | $0 |
| JIM LUEBBERT | BOARD MEMBER | 0.5 | $0 |
| JOHNNY W PARSONS JR | BOARD MEMBER | 0.5 | $0 |
| RICK LONG | BOARD MEMBER | 0.5 | $0 |
| RON E MCQUEENEY | PRESIDENT | 2 | $0 |
| STEPHEN SOMERMEYER | CHAIRMAN OF THE BOARD | 2 | $0 |
| V BRUCE WALKUP | BOARD MEMBER | 0.5 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA J HELLYER | SECRETARY/TREASURER | 10 | $12,500 |
| BOB GATES | BOARD MEMBER/NEWSLETTER EDITOR | 2.5 | $6,500 |
| CURT CAVIN | BOARD MEMBER | 0.5 | $0 |
| DAN COTA | 1ST VICE PRESIDENT | 2 | $0 |
| DAVE A CALABRO | BOARD MEMBER | 0.5 | $0 |
| DONALD C BASALA | BOARD MEMBER | 0.5 | $0 |
| JEFFREY V BOLES | BOARD MEMBER | 2 | $0 |
| JIM LUEBBERT | BOARD MEMBER | 0.5 | $0 |
| JOHNNY W PARSONS JR | BOARD MEMBER | 0.5 | $0 |
| RICK LONG | BOARD MEMBER | 0.5 | $0 |
| RON E MCQUEENEY | PRESIDENT | 2 | $0 |
| STEPHEN SOMERMEYER | CHAIRMAN OF THE BOARD | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 4967 W 12TH ST, SPEEDWAY, IN 46224-6968
- In care of
- % JOANNA KING
- Signed the 990-EZ
- BARBARA J HELLYER, EXECUTIVE SECRETARY
- Phone
- (317) 697-2230
- Return prepared by
- BARNES DENNIG & CO LTD
Mission
THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE EDUCATION AND GUIDANCE FOR THE YOUNGER RACING GENERATION, PROVIDE SUITABLE RECOGNITION FOR OUTSTANDING PARTICIPANTS OF THE INDIANAPOLIS 500. TO SPONSOR ACTS OF CHARITY, CULTURE AND EDUCATION, COMPILATION AND PRESERVATION OF HISTORICAL FACTS CONCERNING THE RACE, COMPETING CARS AND THE RACING PERSONNEL ENTERED FOR THE PURPOSE OF PARTICIPATING IN THE EVENT FROM THE INAUGURAL RACE TO THE PRESENT. PROMOTE SOCIAL ENJOYMENT AND FELLOWSHIP AMONG ITS MEMBERS AND TO FURTHER INTEREST OF AUTO RACING IN GENERAL.
Program accomplishments
- PROMOTE EDUCATION ABOUT THE INDIANAPOLIS 500 RACE AND PERFORM CHARITABLE ACTIVITIES BUILT AROUND THE RACE. INCLUDES CREATING A ROSTER BOOK EVERY TWO YEARS, WHICH IS THEN SOLD TO PROMOTE THE ORGANIZATION'S EXEMPT PURPOSE.Expenses $10,129 · grants $10,129
- CREATE A NEWSLETTER THAT IS PUBLISHED FOUR TIMES A YEAR AND MAILED TO OUR MEMBERS, KEEPING THEM UP TO DATE WITH THE ORGANIZATIONS ACTIVITIES AND EVENTS SURROUNDING THE INDIANAPOLIS 500 RACE.Expenses $12,489
- HOLD SOCIAL EVENTS TO PROMOTE UNITY AMONG OUR MEMBERS. THIS INCLUDES HOLDING AN ANNUAL BARBECUE FOR THE MEMBERS, MAKING MEMBERSHIP CARDS AND PINS TO BE WORN AT ORGANIZATION EVENTS TROPHIES AND OTHER AWARDS TO BE GIVEN AT OUR ANNUAL DINNER, AND TO SETUP A HOSPITALITY ROOM FOR OUR MEMBERS DURING RACE SEASON.Expenses $12,191
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 35-1842139
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A31)
- Assets (IRS master file)
- $474,629
- Income (IRS master file)
- $114,005
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $60,609 | $68,651 | $474,629 | XML |
| 990-EZ | December 2024 | $53,012 | $62,082 | $451,873 | IRS |
| 990-EZ | December 2023 | $93,291 | $58,150 | $422,569 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | 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 35-1842139).
Questions about INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC
- What is the EIN of INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC?
- The employer identification number (EIN) of INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC is 35-1842139.
- Is INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC 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 INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC?
- The 990-EZ for the year ended December 31, 2025 lists 17 people; 2 received compensation from the organization, the highest $12,150 (BARBARA J HELLYER, SECRETARY/TREASURER).
- How much revenue does INTERNATIONAL ASSOCIATION OF INDIANAPOLIS 500 OLTIMERS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $60,609, expenses of $68,651 and total assets of $474,629 at year end.
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