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Denny Hamlin Foundation FY2022 filing

Tax-deductible

Mooresville, NC501(c)(3)Foundations & Grantmakers EIN 26-1416915Revenue $328K in FY2022

On file with the IRSdennyhamlinfoundation.org517 Alcove Rd, 28117-8573 · Mooresville, NCTax-exempt since Mar 2008Publicly supported — 509(a)(2)

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The organization's primary exempt purpose is to raise funds for donation to other charitable organizations, particularly those organizations that provide comfort and help to terminally ill children.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $16K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $36K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$328K
+1% vs prior year
Spent
$347K
To programs
58%
Net assets
$102K
By yearFY2020–FY2024
Revenue
$328K
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$44K
FY2021$325K
FY2022$328K
FY2023$292K
FY2024$127K
Expenses
$347K
FY2022▲ +20%
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$288K
FY2022$347K
FY2023$297K
FY2024$74K
Net assets
$102K
FY2022▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$84K
FY2021$120K
FY2022$102K
FY2023$97K
FY2024$150K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $203K Management & general 5% · $18K Fundraising 36% · $126K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Denny Hamlin Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Raises funds to help charitable groups supporting terminally ill children.

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Provided by the organization

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1 program · $203K · in their own filed words · FY2022
01

To raise and channel funds to other charitable organizations.

$203Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation of Greenville INCFY2024$25K
Mb Caddyshack Charity Golf INCFY2024$6K
Evernham Family-Racing for a Reason FoundationFY2024$5K
Total grants receivedfrom 3 funders$36K
See all 3 funders →
Grants paid · 15 grants · $486K · 2020–2024
Bubba Wallace Live to Be Different FoundationNC · FY2024$6,000
Carolina Studio CorporationSC · FY2023$66,500
The Medical University of South Carolina FoundationSC · FY2023$50,000
Motor Racing Outreach INCNC · FY2023$13,000
Urban Youth Racing School INCPA · FY2023$10,000
Carolina Studio CorporationSC · FY2022$77,500
The Medical University of South Carolina FoundationSC · FY2022$50,000
Ccsdo - Expanded Learning (kaleidscFY2022$25,000
Wider Path Home FoundationRI · FY2022$11,000
Urban Youth Racing School INCPA · FY2022$10,000
Motor Racing Outreach INCNC · FY2022$10,000
Rowan-Cabarrus Young Men's Christian AssociationNC · FY2022$7,500
Carolina Studio CorporationSC · FY2021$93,000
The Medical University of South Carolina FoundationSC · FY2021$50,000
The Nascar FoundationFL · FY2020$6,400

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$328K
Ln 12
Gifts and grantsLn 1h$559K
Money outPt IX
$347K
Ln 25
Programscol B$203K
Managementcol C$18K
Fundraisingcol D$126K
Owns and owesPt X
$102K
net assets · Ln 32
Cash and savingsLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$559K
Fundraising eventsLn 1c$553K
Total revenueLn 12$328K
Assets in detailPt X, end of year
CashLn 1$102K
Cash and savings togetherLn 1–2$102K
Total assetsLn 16$102K
LiabilitiesLn 26$0
Net assetsLn 32$102K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$120K$102K
Total assetsLn 16$120K$102K
LiabilitiesLn 26$0$0
Net assetsLn 32$120K$102K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$202K$202K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$66K$122$7K$58K
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$22$22
TravelLn 17$60K$60K
InsuranceLn 23$2K$750$2K
Total functional expensesLn 25$347K$203K$18K$126K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $127K$74K$53K$150K 990 PDF
FY2023 $292K$297K−$5K$97K 990 PDF
FY2022 Viewing $328K$347K−$19K$102K 990 PDF
FY2021 $325K$288K$37K$120K 990 PDF
FY2020 $44K$30K$14K$84K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $327,970 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $512,610$559,346
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$187,976−$231,376
I-12 Total revenuePrior year $324,634$327,970
I-13 Grants and similar amounts paidPrior year $164,000$202,500
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $123,939$144,289
I-18 Total expensesPrior year $287,939$346,789
I-19 Revenue less expensesPrior year $36,695−$18,819
Part VI · Governance 0 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $327,970 across 5 lines filed
VIII-1c Fundraising events$552,680
VIII-1f All other contributions, gifts and grants$6,666
VIII-1h Total contributions, gifts and grants$559,346
VIII-8 Net income from fundraising events−$231,376
VIII-12 Total revenue$327,970
Part IX · Statement of functional expenses $346,789 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $202,500$202,500
IX-11b Legal feesManagement $7,410$7,410
IX-11c Accounting feesManagement $2,500$2,500
IX-11g Other fees for servicesPrograms $122 · Management $7,202 · Fundraising $58,450$65,774
IX-12 Advertising and promotionFundraising $5,924$5,924
IX-13 Office expensesManagement $22$22
IX-17 TravelFundraising $60,281$60,281
IX-23 InsuranceManagement $750 · Fundraising $1,628$2,378
IX-25 Total functional expensesPrograms $202,622 · Management $17,884 · Fundraising $126,283$346,789
Part X · Balance sheet $101,504 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $120,323$101,504
X-16 Total assetsStart of year $120,323$101,504
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $120,323$101,504
X-32 Total net assets or fund balancesStart of year $120,323$101,504
X-33 Total liabilities and net assetsStart of year $120,323$101,504
Part XI · Reconciliation of net assets $101,504 net assets at year end
XI-1 Total revenue$327,970
XI-2 Total expenses$346,789
XI-3 Revenue less expenses−$18,819
XI-4 Net assets at start of year$120,323
XI-10 Net assets at end of year$101,504

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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