Nonprofit · EIN 56-1331429
SPEEDWAY CHILDRENS CHARITIES
Tax-exempt · CONCORD, NC 28027
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,405,320 | $5,434,950 | -$29,630 | $1,200,728 | $214,995 | $985,733 |
| December 31, 2023 | 990 | $5,525,470 | $5,792,267 | -$266,797 | $1,214,200 | $198,837 | $1,015,363 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,578,922
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $387,755
- Net income from gaming
- $438,643
- Other revenue
- $826,398
Expenses
- Grants and similar amounts paid
- $4,094,141
- Compensation of officers, directors and key employees
- $77,057
- Other salaries and wages
- $560,645
- Salaries, compensation and benefits (total)
- $720,972
- Professional fundraising fees
- $0
- Accounting fees
- $32,639
- Travel
- $29,819
- Depreciation
- $571
- Program services (functional)
- $4,105,933
- Management and general (functional)
- $213,681
- Fundraising (functional)
- $1,115,336
Balance sheet and other
- Total assets, start of year
- $1,214,200
- Total assets, end of year
- $1,200,728
- Total liabilities, end of year
- $214,995
- Net assets, end of year
- $985,733
- Land, buildings and equipment
- $260
- Net assets without donor restrictions
- $985,733
- Gross receipts
- $6,514,531
- Employees
- 10
- Volunteers
- 1,535
- Year formed
- 1982
- State of legal domicile
- NC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAUDIA BYRD | DIRECTOR Trustee or director | 40 | $56,635 | $6,030 |
| LISA STARNES | EXECUTIVE DIRECTOR (THRU 2/28/24) Officer | 40 | $13,331 | $1,061 |
| MARCUS SMITH | CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 |
| JERRY CALDWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK FABER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MATT GRECI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRIAN FLYNN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRANDON HUTCHISON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID MCGRATH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHRIS POWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MIKE TATOIAN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| GREG WALTER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JESSICA FICKENSCHER | MANAGING DIRECTOR Officer | 10 | $0 | $0 |
| COREY GLASS | TREASURER & ASSISTANT SECRETARY Officer | 0.3 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LISA STARNES | EXECUTIVE DIRECTOR Officer | 40 | $100,569 | $8,467 |
| CLAUDIA BYRD | DIRECTOR Trustee or director | 40 | $55,090 | $6,008 |
| MARCUS SMITH | CHAIRMAN Trustee or director, Officer | 0.2 | $0 | $0 |
| JERRY CALDWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MARK FABER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MATT GRECI | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| BRIAN FLYNN | DIRECTOR (EFF. 8/1/2023) Trustee or director | 0.2 | $0 | $0 |
| JILL GREGORY | DIRECTOR (THRU 7/30/2023) Trustee or director | 0.2 | $0 | $0 |
| BRANDON HUTCHISON | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| DAVID MCGRATH | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| CHRIS POWELL | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| MIKE TATOIAN | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| GREG WALTER | DIRECTOR Trustee or director | 0.2 | $0 | $0 |
| JESSICA FICKENSCHER | MANAGING DIRECTOR Officer | 10 | $0 | $0 |
| COREY GLASS | TREASURER & ASSISTANT SECRETARY Officer | 0.3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5555 CONCORD PKWY S STE 302, CONCORD, NC 28027-4622
- In care of
- % KAREN FAIRCHILD
- Principal officer (990 for 2024)
- MARCUS SMITH, 5555 CONCORD PARKWAY SOUTH 302, CONCORD, NC 28027
- Signed the 990
- MARCUS SMITH, CHAIRMAN
- Phone
- (704) 455-4426
- Website
- SPEEDWAYCHARITIES.ORG
- Return prepared by
- RSM US LLP
Mission
TO RAISE FUNDS AND PROVIDE GRANTS TO NON-PROFIT ORGANIZATIONS THAT MEET THE DIRECT NEEDS OF CHILDREN WITH MEDICAL, EDUCATIONAL, OR SOCIAL CHALLENGES.
Program accomplishments
- FUNDS WERE RAISED THROUGHOUT THE YEAR THROUGH VARIOUS EVENTS, INCLUDING AUCTIONS, DINNERS, GOLF OUTINGS, DRAWINGS, AND MORE. THE FUNDS RAISED FROM THESE EVENTS ENABLED SPEEDWAY CHILDREN'S CHARITIES TO DISTRIBUTE GRANTS TO 501(C)(3) NONPROFIT ORGANIZATIONS THAT ALIGNED WITH OUR EXEMPT PURPOSE.DURING THE FISCAL YEAR ENDING DECEMBER 31, 2024, SPEEDWAY CHILDREN'S CHARITIES DISTRIBUTED OVER $4 MILLION TO MORE THAN 443 CHILDREN'S PROGRAMS, SUPPORTING AN ESTIMATED 333,340 CHILDREN. SINCE 1982, THE ORGANIZATION HAS DISTRIBUTED OVER $72 MILLION IN GRANTS, HELPING CHILDREN IN NEED ACQUIRE THE TOOLS TO BUILD A BETTER, BRIGHTER, AND HEALTHIER FUTURE.Expenses $4,105,933 · grants $4,094,141
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1331429
- 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
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T120)
- Assets (IRS master file)
- $1,200,728
- Income (IRS master file)
- $6,514,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,405,320 | $5,434,950 | $1,200,728 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,525,470 | $5,792,267 | $1,214,200 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $4,860,135 | $4,046,818 | $1,470,639 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 56-1331429).
Questions about SPEEDWAY CHILDRENS CHARITIES
- What is the EIN of SPEEDWAY CHILDRENS CHARITIES?
- The employer identification number (EIN) of SPEEDWAY CHILDRENS CHARITIES is 56-1331429.
- Is SPEEDWAY CHILDRENS CHARITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to SPEEDWAY CHILDRENS CHARITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPEEDWAY CHILDRENS CHARITIES 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 SPEEDWAY CHILDRENS CHARITIES 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 SPEEDWAY CHILDRENS CHARITIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPEEDWAY CHILDRENS CHARITIES?
- The 990 for the year ended December 31, 2024 names MARCUS SMITH.
- Who are the officers and directors of SPEEDWAY CHILDRENS CHARITIES?
- The 990 for the year ended December 31, 2024 lists 14 people; 2 received compensation from the organization, the highest $56,635 (CLAUDIA BYRD, DIRECTOR).
- How much revenue does SPEEDWAY CHILDRENS CHARITIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,405,320, expenses of $5,434,950 and total assets of $1,200,728 at year end.
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All nonprofits in CONCORD · North Carolina · Philanthropy, voluntarism and grantmaking foundations