Nonprofit · EIN 81-4215124
NXG YOUTH MOTORSPORTS INC
Tax-exempt · INDIANAPOLIS, IN 46202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $560,103 | $604,801 | -$44,698 | $843,015 | $10,871 | $832,144 |
| September 30, 2024 | 990 | $994,814 | $813,611 | $181,203 | $909,519 | $39,540 | $869,979 |
| September 30, 2023 | 990 | $925,214 | $573,397 | $351,817 | $716,980 | $26,132 | $690,848 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $413,037
- Program service revenue
- $121,996
- Investment income
- $21,848
- Other revenue
- $3,222
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $121,500
- Other salaries and wages
- $152,567
- Salaries, compensation and benefits (total)
- $295,033
- Professional fundraising fees
- $0
- Occupancy
- $13,200
- Travel
- $17,366
- Depreciation
- $49,086
- Program services (functional)
- $567,461
- Management and general (functional)
- $37,340
Balance sheet and other
- Total assets, start of year
- $909,519
- Total assets, end of year
- $843,015
- Total liabilities, end of year
- $10,871
- Net assets, end of year
- $832,144
- Land, buildings and equipment
- $68,445
- Net assets without donor restrictions
- $832,144
- Gross receipts
- $560,103
- Employees
- 6
- Year formed
- 2016
- State of legal domicile
- IN
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rodney L Reid | Executive Director Trustee or director, Officer, Key employee | 48 | $121,500 |
| Harry Alston Jr | Member Trustee or director | 1 | $0 |
| Jack Synder | Member Trustee or director | 1 | $0 |
| Tracy Barnes | Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rodney L Reid | Executive Director Trustee or director, Officer, Key employee | 48 | $0 |
| Harry Alston Jr | Member Trustee or director | 1 | $0 |
| Jack Synder | Member Trustee or director | 1 | $0 |
| Tracy Barnes | Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rodney L Reid | Executive Director Trustee or director, Officer, Key employee | 48 | $120,000 |
| Harry Alston Jr | Member Trustee or director | 1 | $0 |
| Jack Synder | Member Trustee or director | 1 | $0 |
| Tracy Barnes | Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1302 N ILLINOIS ST, INDIANAPOLIS, IN 46202-2321
- In care of
- % ROD REID
- Principal officer (990 for 2024)
- Rodney L Reid, 1302 N Illinois St, Indianapolis, IN 462022321
- Signed the 990
- Rodney L Reid, Executive Director
- Phone
- (317) 632-1132
- Website
- www.nxgdriving.com
- Return prepared by
- Jaya A Naiken CPA LLC
Mission
Academy created to serving the youth in Central Indiana and Detroit Michigan
Program accomplishments
- NXG programs introduce Black boys and girls to the fundamental aspects of go-kart racing including advanced driving techniques, track geometry, and mechanical equipment basics that will be transferable to their future daily lives.Expenses $567,461
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 81-4215124
- 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
- 2016
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $843,015
- Income (IRS master file)
- $560,103
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $560,103 | $604,801 | $843,015 | XML |
| 990 | September 2024 | $994,814 | $813,611 | $909,519 | XML |
| 990 | September 2023 | $925,214 | $573,397 | $716,980 | XML |
| 990 | September 2022 | $667,334 | $535,112 | $345,264 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-EZ | September 2020 | – | – | – | IRS |
| 990-EZ | September 2019 | – | – | – | IRS |
| 990-EZ | September 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 81-4215124).
Questions about NXG YOUTH MOTORSPORTS INC
- What is the EIN of NXG YOUTH MOTORSPORTS INC?
- The employer identification number (EIN) of NXG YOUTH MOTORSPORTS INC is 81-4215124.
- Is NXG YOUTH MOTORSPORTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to NXG YOUTH MOTORSPORTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NXG YOUTH MOTORSPORTS 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 NXG YOUTH MOTORSPORTS INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NXG YOUTH MOTORSPORTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of NXG YOUTH MOTORSPORTS INC?
- The 990 for the year ended September 30, 2025 names Rodney L Reid.
- Who are the officers and directors of NXG YOUTH MOTORSPORTS INC?
- The 990 for the year ended September 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $121,500 (Rodney L Reid, Executive Director).
- How much revenue does NXG YOUTH MOTORSPORTS INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $560,103, expenses of $604,801 and total assets of $843,015 at year end.
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