SCHOLARSHIPS FOR SPEEDWAY INC: Form 990EZ, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- SCHOLARSHIPS FOR SPEEDWAY INC (EIN 46-3250448)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-11-13
- IRS object ID
- 201723179349200112
- Schema version
- 2016v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-11-13T11:03:09-05:00 | ReturnTs |
| Tax Period End | 2016-12-31 | 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 DRIVE SUITE 100 | AddressLine1Txt |
| City | INDIANAPOLIS | CityNm |
| State Abbreviation | IN | StateAbbreviationCd |
| ZIP | 46280 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | 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 | LISA WATTS | PersonNm |
| Person Title | PRESIDENT/DIRECTOR | PersonTitleTxt |
| Phone | 3172440236 | PhoneNum |
| Signature | 2017-11-08 | 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 | 2017-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | A2EC27A16E82B8ACCB598A19EBBAD75B88AFD551 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 338112F9483D0FDCE951C6C080DF2409923873B9 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | 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 | $66,233 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $56,066 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $10,167 | InvestmentIncomeAmt |
| Total Revenue | $66,233 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $70,500 | GrantsAndSimilarAmountsPaidAmt |
| Printing Publications Postage | $980 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $1,601 | OtherExpensesTotalAmt |
| Total Expenses | $73,081 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$6,848 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $262,423 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | $9,424 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $264,999 | NetAssetsOrFundBalancesEOYAmt |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,423 | BOYAmt |
| EOY | $264,999 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,423 | BOYAmt |
| EOY | $264,999 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $262,423 | BOYAmt |
| EOY | $264,999 | 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 | $70,500 | GrantsAndAllocationsAmt |
| Program Service Expenses | $70,500 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $70,500 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| LISA WATTS | ||
| PRESIDENT/DI | 1.00 | $0 |
| KAREN WELCH | ||
| V.PRESIDENT/ | 1.00 | $0 |
| DEBRA GONZALES | ||
| SECRETARY/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 | ||
| DIRECTOR | 1.00 | $0 |
| RHONDA SHAW | ||
| 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 Minus2 Years | $70,304 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $65,965 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,066 | CurrentTaxYearAmt |
| Total | $192,335 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $70,304 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $65,965 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $56,066 | CurrentTaxYearAmt |
| Total | $192,335 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $192,335 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $405 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,503 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,833 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,167 | CurrentTaxYearAmt |
| Total | $40,908 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $405 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $17,503 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $12,833 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,167 | CurrentTaxYearAmt |
| Total | $40,908 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $405 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $87,807 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $78,798 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $66,233 | CurrentTaxYearAmt |
| Total | $233,243 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| First5 Years509 | Yes (X) | First5Years509Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990-EZ, PART I, LINE 16 | EXPENSES BANK FEES 4 OFFICE SUPPLIES 320 INSURANCE 1,270 LICENSES 7 TOTAL 1,601 |
| FORM 990-EZ, PART I, LINE 20 | UNREALIZED GAINS AND LOSSES ON 0 INVESTMENTS CARRIED AT MARKET VALUE 9,424 |
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