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Education : Scholarship and Financial Support (Grantmaking/Grants Payable)

Speedway Children's Charities

Caring for children in need

four stars

90.40

5555 Concord Parkway South Smith Tower, Suite 408
Concord, NC 28027
tel: (800) 236-2354   Web Site
EIN: 56-1331429

Board Leadership
Bruton Smith
Chairman

  Score
(out of 100)
Rating
Overall Score & Rating 90.40 four stars
  Financial 88.37 three stars
  Accountability & Transparency 93.00 four stars
This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1982, the mission of Speedway Children's Charities (SCC) remains true to the ideals it was founded upon in 1982: To care for children in educational, financial, social and medical need in order to help them lead productive lives. Because of the unique conditions in every community, the issues SCC address are determined locally. Challenges ranging from learning disabilities, broken homes, and childhood cancer are on the agenda for the local chapters of SCC and the numerous non-profit organizations they support. Although priorities for SCC are set locally, we have one common goal - to ensure every child in need be given the tools to build a better, brighter and healthy future.

Founded in 1982, the mission of Speedway Children's Charities (SCC) remains true to the ideals it was founded upon in 1982: To care for children in educational, financial, social and medical need in order to help them lead productive lives. Because of the unique conditions in every community, the issues SCC address are determined locally. Challenges ranging from learning disabilities, broken homes, and childhood cancer are on the agenda for the local chapters of SCC and the numerous non-profit organizations they support. Although priorities for SCC are set locally, we have one common goal - to ensure every child in need be given the tools to build a better, brighter and healthy future.

Impact Information

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Financial

three stars

88.37

Accountability & Transparency

four stars

93.00

This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
79.3%
  Administrative Expenses 2.6%
  Fundraising Expenses 18.0%
  Fundraising Efficiency $0.17
  Working Capital Ratio (years) 0.75
  Program Expenses Growth 15.0%
  Liabilities to Assets 9.6%
All data for Financial Performance Metrics calculations was provided by Speedway Children's Charities on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Speedway Children's Charities on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Speedway Children's Charities (NC) 90.40 four stars
Uncommon Schools (NY) 88.40 three stars
Big Shoulders Fund (IL) 98.64 four stars
Grand Island Public Schools Foundation (NE) 92.71 four stars
Schoolseed Foundation (TN) 91.20 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $905,138
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $2,579,714
   Related Organizations $376,303
   Government Grants $0
Total Contributions $3,861,155
   Program Service Revenue $0
Total Primary Revenue $3,861,155
   Other Revenue $-32,164
TOTAL REVENUE $3,828,991
   
EXPENSES  
   Program Expenses $3,259,354
   Administrative Expenses $100,190
   Fundraising Expenses $728,111
TOTAL FUNCTIONAL EXPENSES $4,087,655
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-258,664
   
Net Assets $2,929,120

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Fundraising $3,259,354 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-09 07/01/2019 90.40 four stars
2017-09 12/01/2018 86.80 three stars
2016-09 07/01/2017 86.87 three stars
2015-09 10/01/2016 82.10 three stars
2015-09 07/01/2016 77.80 two stars
2014-09 06/01/2016 73.24 two stars
 
CN 2.0
2014-09 11/01/2015 70.69 two stars
2013-09 12/01/2014 72.12 two stars
2012-09 10/01/2013 68.01 one star

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 56-1331429
Name in IRS Master File SPEEDWAY CHILDRENS CHARITIES
NTEE Code T12
NTEE Classification Fund Raising and/or Fund Distribution
NTEE Type Philanthropy, Voluntarism and Grantmaking Foundations
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date July, 1982
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2018
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
Not compensated -- Chuck Swannack Jr. Executive Director $60,054

Highly Rated

Charity Name & State Overall Score Overall Rating
Speedway Children's Charities (NC) 90.40 four stars
Fund for Public Schools (NY) 89.86 three stars
Big Shoulders Fund (IL) 98.64 four stars
The Public Education Foundation (NV) 88.53 three stars
Youth, I.N.C. (NY) 88.05 three stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Speedway Children's Charities
5555 Concord Parkway South
Smith Tower, Suite 408
Concord, NC 28027
tel: (800) 236-2354
fax: (704) 455-1099
EIN: 56-1331429

Visit Web Site

Board Leadership

Bruton Smith
Chairman

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