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| PO BOX 79363 Houston TX 77279-9363
Racing for Cancer Inc. is headquartered in Houston, TX, and is a 501(c)(3) organization. EIN: 27-2920069. Donations are tax-deductible. The IRS' NTEE classification is Private Grantmaking Foundations within the Philanthropy, Voluntarism and Grantmaking Foundations category. The IRS ruling year for tax exemption was 2011.
(Source: IRS Business Master File and Form 990)
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We have not issued this nonprofit an Finance & Accountability score. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for the following reason:
To ensure year-to-year consistency, the Encompass Rating System’s Finance & Accountability beacon analyzes the three-year average of some data provided through the IRS Form 990.
Charity Navigator does not currently have the data required from e-filed IRS Forms 990 for Racing for Cancer Inc. under the EIN: 27-2920069.
This indicates that Racing for Cancer Inc. may still be filing paper Forms 990.
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We have not issued this nonprofit an Impact & Results score. This does not indicate a positive or negative assessment, only that we have not reached a conclusion for one of the following reasons:
The nonprofit is eligible for a score, but we have not yet gotten to scoring it.
The nonprofit is eligible for a score, but we have not yet developed the specific algorithms to estimate the impact of the type of service it delivers and so cannot issue a score yet.
The nonprofit does not primarily deliver services directly to beneficiaries or it is not reasonable to expect the nonprofit to measure impact for its primary activity. The impact analysis framework that we use is not well suited to these nonprofits.
The nonprofit is not heavily reliant on individual donors because beneficiaries fund a majority of its costs or it does not receive any private charitable contributions.
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Simply put, to help Beat Cancer! More specifically, if we are able to help save a life where Ryan's goal of early detection and prevention helps someone who might hear those dreaded words, "You have cancer", will do so catching the disease in an early stage and beat it. Right about the time we started Racing for Cancer in 2009, we sat down and asked this very question to our board. Ryan told the board formed, if one day a child walks up to me at a race and says, "Thanks Ryan, its because of your message and efforts, my mom battled cancer and won", than we will have accomplished a great deal. That is, saving someone's life. "That is what I want to do!"
We look to leverage the racing community, its fans, teams, sponsors, and vendors to raise funds to support our mission. We hold various fundraisers that have a link to racing (such as our Race to Beat Cancer event in early first quarter each year that allows people to make a donation while learning how to race or our Karting for Cancer event typically held around the Indy500 each year in May) to raise funds and awareness to our mission. We have also held "typical" fundraisers, "The Yellow Parties" where we offer a buffet meal, entertainment, and silent and live auctions. Raising these funds while finding matching partners has enabled us to donate in excess of $4 million in our first 8 years to various programs that support our mission and goals. We will continue to seek matching partners for our efforts to ideally double our support to various new donations.
Because Ryan Hunter-Reay has been very successful in advancing his career in IndyCar and other forms of racing, while driving for very large, well known teams, we have been able to successfully leverage his success to plan for and run successful fundraisers. Several of his sponsors have helped us in a very big way to match donations for very large initiatives, like our $2.5M donation to the new turn-key services facility at Cleveland Clinic, Fort Lauderdale, Florida and the new soft-tissue research lab at SE NOVA University. Many fans and sponsors and teams support our efforts through donations, pledges, sponsorships and attendance at our various fundraisers. Everyone unfortunately has been affected by cancer, the racing fan and community included. We find the racing community has been very generous in helping Ryan and our organization achieve our goals.
We reach out to those that we have made donations to annually. Whether that be the new turn-key facility operated by the Cleveland Clinic in Fort Lauderdale, Florida, or the NOVE SE University's efforts to support soft tissue research in efforts to catch these cancers sooner, or simply helping children attend summer camp with the Little Red Door Cancer Agency in Indianapolis, IN, we simply discuss how our funds are helping and contributing to a cancer-free world.
We have raised and donated over $2 million, matched by another $2 million to provide support to great initiatives that support our missions already. We have supported over a dozen great programs in our first 8 years and we plan to do more. We have discussed also looking to provide an endowment at some point to possibly support young adults seeking to become oncology nurses. Ryan's mother Lydia was a nurse and we felt this was another way to honor her memory and provide a legacy in our efforts to ultimately realize a cancer-free world.
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