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← DALE JR FOUNDATION

Form 990 for tax year 2023

Filed by DALE JR FOUNDATION.

Totals

Total revenue
$1,099,291
Total expenses
$883,796
Contributions and grants received
$663,716
Grants paid
$618,272
Program service revenue
$0
Investment income
$9,946
Other revenue
$425,629
Total assets, end of year
$852,190
Total liabilities, end of year
$84,410
Net assets or fund balances, end of year
$767,780
Program services expenses (Part IX)
$704,490
Management and general expenses
$23,705
Fundraising expenses
$155,600
Program service expenses (Part III)
$704,490

Program services were 79.7% 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.

  • 1c · Fundraising events

    $458,120

  • 1f · All other contributions, gifts and grants

    $205,596

  • 1g · Noncash contributions included above

    $239,899

  • 3 · Investment income

    total $9,946 · excluded $9,946

  • 5 · Royalties

    total $739 · excluded $739

  • 8a · Fundraising events: gross income

    $605,733

  • 8a · Fundraising events: contributions included on line 1c

    $458,120

  • 8b · Fundraising events: direct expenses

    $291,757

  • 8c · Net income from fundraising events

    total $313,976 · excluded $313,976

  • 9a · Gaming: gross income

    $214,221

  • 9b · Gaming: direct expenses

    $103,307

  • 9c · Net income from gaming

    total $110,914 · excluded $110,914

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $608,272 · program services $608,272

  • 2 · Grants to domestic individuals

    total $10,000 · program services $10,000

  • 7 · Other salaries and wages

    total $109,000 · program services $21,800 · management and general $5,450 · fundraising $81,750

  • 8 · Pension plan contributions

    total $2,120 · program services $424 · management and general $106 · fundraising $1,590

  • 9 · Other employee benefits

    total $10,425 · program services $2,085 · management and general $521 · fundraising $7,819

  • 10 · Payroll taxes

    total $8,054 · program services $1,610 · management and general $403 · fundraising $6,041

  • 11c · Fees: accounting

    total $12,790 · program services $677 · management and general $767 · fundraising $11,346

  • 11g · Fees: other

    total $287 · program services $15 · management and general $17 · fundraising $255

  • 12 · Advertising and promotion

    total $2,500 · fundraising $2,500

  • 14 · Information technology

    total $465 · management and general $395 · fundraising $70

  • 17 · Travel

    total $26,331 · program services $844 · management and general $192 · fundraising $25,295

  • 22 · Depreciation, depletion and amortization

    total $471 · management and general $236 · fundraising $235

  • 24a · Other expenses: BAD DEBT

    total $52,742 · program services $52,742

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $14,151 · management and general $14,151

  • 24c · Other expenses: RENT

    total $9,744 · fundraising $9,744

  • 24d · Other expenses: PRINTING AND PUBLICATIO

    total $4,364 · fundraising $4,364

  • 24e · All other expenses

    total $12,080 · program services $6,021 · management and general $1,467 · fundraising $4,592

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $602,448 · end of year $794,961

  • 3 · Pledges and grants receivable

    beginning of year $57,027 · end of year $49,157

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,822 · end of year $2,014

  • 10a · Land, buildings and equipment: cost or other basis

    $11,734

  • 10b · Land, buildings and equipment: accumulated depreciation

    $11,499

  • 10c · Land, buildings and equipment, net

    beginning of year $706 · end of year $235

  • 14 · Intangible assets

    beginning of year $896 · end of year $896

  • 15 · Other assets

    beginning of year $7,700 · end of year $4,927

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,314 · end of year $34,410

  • 18 · Grants payable

    beginning of year $100,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $495,258 · end of year $718,623

  • 28 · Net assets with donor restrictions

    beginning of year $57,027 · end of year $49,157

Mission and programs · 2023

Mission

GIVING UNDERPRIVILEGED INDIVIDUALS, WITH A FOCUS ON YOUTH, THE RESOURCES TO IMPROVE THEIR CONFIDENCE AND EDUCATION, AND THE OPPORTUNITY TO ACHIEVE EXTRAORDINARY GOALS.

Activities or mission (Part I)

GIVING UNDERPRIVILEGED INDIVIDUALS, WITH A FOCUS ON YOUTH, THE RESOURCES TO IMPROVE THEIR CONFIDENCE AND EDUCATION, AND THE OPPORTUNITY TO ACHIEVE EXTRAORGINARY GOALS.

  • THE FOUNDATION PROVIDES GRANTS TO ORGANIZATIONS TO BE USED FOR VARIOUS ACTIVITIES BENEFITTING YOUTH.

    Expenses $608,272 · Grants $608,272

  • EXPENSES HERE ACCOUNT FOR EMPLOYEE SALARY, BENEFITS AND PAYROLL TAXES FOR TWO FULL TIME FOUNDATION EMPLOYEES. THESE EMPLOYEES SPEND THE MAJORITY OF THEIR TIME FUNDRAISING ON BEHELF OF THE DALE JR FOUNDATION VIA VARIOUS AVENUES INCLUDING ONLINE GIVING, ONLINE AUCTIONS, RAFFLES & SPECIAL EVENTS. THE CREDIT CARD FEES ARE PRIMARILY CHARITABLE DONATIONS MADE ONLINE AND DONOR DATABASE RELATED FEES FOR USE. THE REGISTRATION FEES ARE THE FEES TO ACQUIRE SOLICITATION LICENSES IN REQUIRED STATES.

    Expenses $86,218

  • THE DALE JR. FOUNDATION AWARDS SCHOLARSHIPS TO THE CHILDREN OF JR MOTORSPORTS EMPLOYEES FOR POST-SECONDARY EDUCATION INCLUDING 4-YEAR COLLEGE, 2-YEAR COLLEGE, TECHNICAL OR TRADE SCHOOL. EACH SCHOLARSHIP IS FOR $2,500 AND AWARDED ANNUALLY. SCHOLARSHIP WINNERS CAN RE-APPLY FOR 3 YEARS (FOR A MAXIMUM TOTAL OF 4 YEARS).

    Expenses $10,000 · Grants $10,000

As filed on the 2023 return.

Listed in Part VII

  • Dale Earnhardt Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Kelley Earnhardt Miller

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Regina Smith

    SECRETARY THRU OCT.

    Total calculated
    $0
    Hours/week
    1

  • Denise Somers

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Stokely G Caldwell Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Cathy Earnhardt Watkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Jenni Leibee

    SECRETARY AS OF NOV.

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DEJ HOLDINGS LLC

    MOTORSPORTS · NC

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202441359349304184

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