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Nonprofiteer
← INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC

Form 990 for tax year 2024

Filed by INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC.

Totals

Total revenue
$8,450,024
Total expenses
$5,313,201
Contributions and grants received
$5,398,510
Grants paid
$0
Program service revenue
$923,471
Investment income
$1,975,944
Other revenue
$152,099
Total assets, end of year
$80,317,277
Total liabilities, end of year
$13,169,431
Net assets or fund balances, end of year
$67,147,846
Program services expenses (Part IX)
$2,893,657
Management and general expenses
$2,149,952
Fundraising expenses
$269,592
Program service expenses (Part III)
$2,893,657

Program services were 54.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CONSTANCE LUND

    TREASURER & DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEFFREY B SMITH

    SECRETARY AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT DYSON

    CHAIR AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ANGELA KRAHULIK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BLAIR HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRIS MACALLISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHUCK JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DOUGLAS BOLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • FRED J NATION

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KIRK HENDRIX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARLYNE SEXTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MELISSA CAITO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT RAHAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT BORCHETTA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN JOSEPH HALE JR

    PRESIDENT

    Total calculated
    $449,367
    From this org
    $434,575
    From related orgs
    $0
    Other
    $14,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,575
    Bonus
    $150,000
    Other
    $0
    Deferred
    $13,682
    Nontaxable benefits
    $1,110
    Filer's total
    $449,367

  • PHIL FOSTER

    DIRECTOR OF FINANCE

    Total calculated
    $158,581
    From this org
    $128,808
    From related orgs
    $0
    Other
    $29,773
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,808
    Bonus
    $6,000
    Other
    $0
    Deferred
    $6,800
    Nontaxable benefits
    $22,973
    Filer's total
    $158,581

  • JASON VANSICKLE

    VP OF CURATION AND EDUCATION

    Total calculated
    $132,473
    From this org
    $108,022
    From related orgs
    $0
    Other
    $24,451
    Hours/week
    40

  • KARA KOVERT PRAY

    VP OF ADVANCEMENT

    Total calculated
    $135,468
    From this org
    $127,828
    From related orgs
    $0
    Other
    $7,640
    Hours/week
    40

  • MANDI BENDER

    VP OF OPERATIONS

    Total calculated
    $146,741
    From this org
    $122,332
    From related orgs
    $0
    Other
    $24,409
    Hours/week
    40

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 7 Non-fixed payments
PROCESS FOR DETERMINING OFFICER COMPENSATION: IN ADDITION TO THE BASE SALARY, THE PRESIDENT IS ELIGIBLE FOR AN ANNUAL BONUS BASED ON THE FOUNDATION'S ATTAINMENT OF SPECIFIC OBJECTIVES TO BE DETERMINED ANNUALLY BY THE BOARD, AND A "STRETCH BONUS" BASED ON TRANSFORMATIONAL OBJECTIVES. IN 2024. THE BONUS WAS APPROVED BY THE BOARD IN DECEMBER 2024.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.1
Source object
202533099349302063

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