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Nonprofiteer
← LAS VEGAS GRAND PRIX FOUNDATION

Form 990 for tax year 2024

Filed by LAS VEGAS GRAND PRIX FOUNDATION.

Totals

Total revenue
$700,051
Total expenses
$588,690
Contributions and grants received
$700,051
Grants paid
$586,989
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$300,379
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$300,379
Program services expenses (Part IX)
$588,690
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$588,690

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $700,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $586,989 · program services $586,989

  • 11c · Fees: accounting

    total $1,650 · program services $1,650

  • 24a · Other expenses: STATE FEES

    total $51 · program services $51

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $189,018 · end of year $300,379

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $189,018 · end of year $300,379

Mission and programs · 2024

Mission

ESTABLISHED IN 2022, THE LAS VEGAS GRAND PRIX FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION FORMED BY LAS VEGAS GRAND PRIX, INC., WHICH AIMS TO CREATE LASTING POSITIVE CHANGE IN SOUTHERN NEVADA. (SEE SCHEDULE O)THE FOUNDATION IS COMMITTED TO DIRECTING RESOURCES TO IMPACTFUL ORGANIZATIONS THAT ARE DEVOTED TO IMPROVING THE LIVES OF THE RESIDENTS OF SOUTHERN NEVADA.

Activities or mission (Part I)

TO CREATE LASTING POSITIVE CHANGE IN SOUTHERN NEVADA

  • BE A GRANT-MAKING ORGANIZATION, GIVING FINANCIAL ASSISTANCE TO OTHER 501(C)(3) ORGANIZATIONS THAT ARE OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, LITERARY AND ELEEMOSYNARY OBJECTS AND PURPOSES. THE FOUNDATION'S GRANT-MAKING ACTIVITIES WILL FOCUS ON BENEFITING 501(C)(3) ORGANIZATIONS THAT PROVIDE SERVICES TO PROMOTE STEM EDUCATION, AFFECT CHANGE AMONG AT-RISK YOUTH, SUSTAINABILITY AND SUPPORT LOCAL BUSINESSES.

    Expenses $588,690 · Grants $586,989 · Revenue $700,051

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GREGORY B MAFFEI

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • RENEE L WILM

    CEO AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • CRAIG E TROYER

    SENIOR VP/GENERAL COUNSEL

    Total calculated
    $0
    Hours/week
    1

  • JOSEF HOELSCHER

    SENIOR VICE PRESIDENT-FINA

    Total calculated
    $0
    Hours/week
    1

  • EMILY PRAZER

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIM LENNEMAN

    SENIOR VICE PRESIDENT-TAX

    Total calculated
    $0
    Hours/week
    1

  • TY KEARNS

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL HURELBRINK

    ASSISTANT VICE PRESIDENT/S

    Total calculated
    $0
    Hours/week
    1

  • JOANNA JACKSON

    ASSISTANT VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KELLY KING

    ASSISTANT VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JESSICA MOORE

    ASSISTANT VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.1
Source object
202521349349312152

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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