SCHOLARSHIPS FOR SPEEDWAY INC: Form 990EZ, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- SCHOLARSHIPS FOR SPEEDWAY INC (EIN 46-3250448)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-11
- IRS object ID
- 202443169349200919
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-11T06:31:45-08:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 843793000 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Clark CPA Group PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 36 Motif Blvd | AddressLine1Txt |
| City | Brownsburg | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46112 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 463250448 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Scholarships for Speedway Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SCHO | BusinessNameControlTxt |
| Phone | 3172440236 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5335 West 25th Street | AddressLine1Txt |
| City | Speedway | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46224 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Debra Gonzales | PersonNm |
| Person Title | President/Director | PersonTitleTxt |
| Signature | 2024-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Derick R Busenbark CPA | PreparerPersonNm |
| PTIN | P01209316 | PTIN |
| Phone | 3178522304 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $90,321 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $78,852 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $11,469 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $90,321 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $105,434 | GrantsAndSimilarAmountsPaidAmt |
| Printing Publications Postage | $1,498 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $2,286 | OtherExpensesTotalAmt |
| Total Expenses | $109,218 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$18,897 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $234,521 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $16,906 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $232,530 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,521 | BOYAmt |
| EOY | $232,530 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,521 | BOYAmt |
| EOY | $232,530 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $234,521 | BOYAmt |
| EOY | $232,530 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | TO CREATE SCHOLARSHIPS FOR THE YOUTH OF SPEEDWAY | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | SOLICITATION AND DISBURSEMENT OF FUNDS AS GRANTS/SCHOLARSHIPS FOR THE EDUCATIONAL BENEFIT OF CHILDREN OF SPEEDWAY, IN. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $105,434 | GrantsAndAllocationsAmt |
| Program Service Expenses | $105,434 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $105,434 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (10 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Debby Gonzales | ||
| President | 1.00 | $0 |
| Karen Welch | ||
| Vice President | 1.00 | $0 |
| Regina Neal | ||
| Treasurer | 1.00 | $0 |
| Scott Speer | ||
| Board Member | 1.00 | $0 |
| Tom Smith | ||
| Board Member | 1.00 | $0 |
| Dennis Hammer | ||
| Board Member | 1.00 | $0 |
| Mindy Lewis-Hitch | ||
| Board Member | 1.00 | $0 |
| Gina Grove | ||
| Board Member | 1.00 | $0 |
| Lisa Watts | ||
| Secretary | 1.00 | $0 |
| Christie Sears | ||
| Board Member | 1.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| States Where Copy Of Return Is Fld | IN | StatesWhereCopyOfReturnIsFldCd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Regina Neal | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5335 West 25th Street | AddressLine1Txt |
| City | Speedway | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46224 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3172440236 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $60,770 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $60,036 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $84,339 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $70,968 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $78,852 | CurrentTaxYearAmt |
| Total | $354,965 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft509 TaxRevLeviedOrgnztnlBnft509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl509 GovtFurnSrvcFcltsVl509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $60,770 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $60,036 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $84,339 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $70,968 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $78,852 | CurrentTaxYearAmt |
| Total | $354,965 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $354,965 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,420 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,284 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,662 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,193 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,469 | CurrentTaxYearAmt |
| Total | $50,028 | TotalAmt |
Post1975 UBTI Post1975UBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $10,420 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $11,284 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,662 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $5,193 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $11,469 | CurrentTaxYearAmt |
| Total | $50,028 | TotalAmt |
Net Income From Other UBI NetIncomeFromOtherUBIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $71,190 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $71,320 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $96,001 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $76,161 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $90,321 | CurrentTaxYearAmt |
| Total | $404,993 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.87650 | PublicSupportCY509Pct |
| Public Support PY509 | 0.86490 | PublicSupportPY509Pct |
| Investment Income CY | 0.12350 | InvestmentIncomeCYPct |
| Investment Income PY | 0.13510 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Grants and Similar Amounts Paid In Excess of $5,000.1 | | Donee's Name: Approx. 104 Speedway Students | Cash Amount Given: $105434 |
| Other Expenses.1002 | Office Expenses $503 |
| Other Expenses.1012 | Insurance $1583 |
| Other Expenses.2 | Bank fees $178 |
| Other Expenses.3 | Filing fees $22 |
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