SCHOLARSHIPS FOR SPEEDWAY INC: Form 990EZ, tax year 2019

View the entire original 990 at ProPublica ↗

Organization: SCHOLARSHIPS FOR SPEEDWAY INC (EIN 46-3250448)
Tax period: 2019-01-01 to 2019-12-31
Filed: 2020-11-11
IRS object ID: 202013169349202251
Schema version: 2019v5.0
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
Form 990-EZ
Schedule A
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2020-11-11T12:38:23-06:00	ReturnTs
Tax Period End	2019-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	351752525	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RIDER KENLEY & ASSOCIATES	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	9755 RANDALL DR STE 100	AddressLine1Txt
City	CARMEL	CityNm
State Abbreviation	IN	StateAbbreviationCd
ZIP	46280	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990EZ	ReturnTypeCd
Tax Period Begin	2019-01-01	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 SPEEDWAYINC	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
Phone	3172440236	PhoneNum
Signature	2020-11-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRIAN A RIDER	PreparerPersonNm
PTIN	P00129647	PTIN
Phone	3175823000	PhoneNum
Preparation	2020-11-11	PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

Field	Value	IRS element (for citing)
I Pv4 Address	70.63.53.50	IPv4AddressTxt

Field	Value	IRS element (for citing)
IP	2020-11-11	IPDt
IP Tm	12:21:12	IPTm
Filing License Type	P	FilingLicenseTypeCd
At Submission Creation Device Id	7CCDEDB8E3D0B9A54F1109DB09B8DB82E52374FA	AtSubmissionCreationDeviceId
At Submission Filing Device Id	7CCDEDB8E3D0B9A54F1109DB09B8DB82E52374FA	AtSubmissionFilingDeviceId

Field	Value	IRS element (for citing)
Tax	2019	TaxYr
Build TS	2021-01-29 14:40:06Z	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	$71,190	GrossReceiptsAmt
Info In Schedule O Part I	Yes (X)	InfoInScheduleOPartIInd
Contributions Gifts Grants Etc	$60,770	ContributionsGiftsGrantsEtcAmt
Investment Income	$10,420	InvestmentIncomeAmt
Total Revenue	$71,190	TotalRevenueAmt
Grants And Similar Amounts Paid	$94,967	GrantsAndSimilarAmountsPaidAmt
Printing Publications Postage	$600	PrintingPublicationsPostageAmt
Other Expenses Total	$1,796	OtherExpensesTotalAmt
Total Expenses	$97,363	TotalExpensesAmt
Excess Or Deficit For Year	-$26,173	ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY	$268,709	NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets	$42,147	OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY	$284,683	NetAssetsOrFundBalancesEOYAmt

Cash Savings And Investments CashSavingsAndInvestmentsGrp

Field	Value	IRS element (for citing)
BOY	$268,709	BOYAmt
EOY	$284,683	EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$268,709	BOYAmt
EOY	$284,683	EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

Field	Value	IRS element (for citing)
BOY	$268,709	BOYAmt
EOY	$284,683	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	$94,967	GrantsAndAllocationsAmt
Program Service Expenses	$94,967	ProgramServiceExpensesAmt

Field	Value	IRS element (for citing)
Total Program Service Expenses	$94,967	TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)

TitleTitleTxt	Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt	CompensationCompensationAmt
LISA WATTS
DIRECTOR	1.00	$0
KAREN WELCH
V.PRESIDENT/	1.00	$0
DEBRA GONZALES
PRESIDENT/DI	1.00	$0
REGINA NEAL
TREASURER/DI	1.00	$0
DENNIS HAMMER
DIRECTOR	1.00	$0
MINDY LEWIS-HITCH
DIRECTOR	1.00	$0
JAN NEAT
SECRETARY/DI	1.00	$0
GINA GROVE
DIRECTOR	1.00	$0
TOM SMITH
DIRECTOR	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
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
States Where Copy Of Return Is Fld	IN	StatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	REGINA NEAL	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	5335 W 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	$65,965	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$56,066	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$46,936	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$62,653	CurrentTaxYearMinus1YearAmt
Current Tax Year	$60,770	CurrentTaxYearAmt
Total	$292,390	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$65,965	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$56,066	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$46,936	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$62,653	CurrentTaxYearMinus1YearAmt
Current Tax Year	$60,770	CurrentTaxYearAmt
Total	$292,390	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$292,390	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$12,833	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$10,167	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,821	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,371	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,420	CurrentTaxYearAmt
Total	$61,612	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$12,833	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$10,167	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$13,821	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$14,371	CurrentTaxYearMinus1YearAmt
Current Tax Year	$10,420	CurrentTaxYearAmt
Total	$61,612	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$78,798	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$66,233	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$60,757	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$77,024	CurrentTaxYearMinus1YearAmt
Current Tax Year	$71,190	CurrentTaxYearAmt
Total	$354,002	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.82600	PublicSupportCY509Pct
Public Support PY509	0.81460	PublicSupportPY509Pct
Investment Income CY	0.17000	InvestmentIncomeCYPct
Investment Income PY	0.19000	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 10	CASH CONTRIBUTION: 94,967
FORM 990-EZ, PART I, LINE 16	EXPENSES INSURANCE 1,500 OFFICE SUPPLIES 146 BANK FEES 128 LICENSES AND FEES 22 TOTAL 1,796
FORM 990-EZ, PART I, LINE 20	UNREALIZED GAINS AND LOSSES ON 0 INVESTMENTS CARRIED AT MARKET VALUE 42,147

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