Motorsports Museum & Hall of Fame of America Foundation INC EIN 38-2779981

Motorsports Museum & Hall of Fame of America Foundation INC

EIN  38-2779981 Public charity (501(c)(3)) Daytona Beach, FL
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/4/26 · see original filing: IRS
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Size
$1–10M
What they do
Promotes understanding and appreciation of motorsports.
Leadership
George Levy · President · $100K
Money in and out
$2.1M revenue, $915K expenses
Bottom line
72% program efficiency

Promotes understanding and appreciation of motorsports. For fiscal year 2024 it reported $2.1M in revenue, $915K in expenses, and $5.3M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$915K
Pt IX · Ln 25
Net assets
$5.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.27 Fundraising $0.01
Program efficiency
72%
of spending reaches programs▼ -6% vs prior filing year
Operating runway
278.0mo
months of highly liquid reserves at operating expense rate▲ ×14 vs prior filing year
Surplus margin
+57%
revenue over expenses, this year▲ +22% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ +19%
Expenses
$915K
FY2024▼ -4%
Total assets
$5.3M
FY2024▲ +30%
Total liabilities
$4K
FY2024▼ -76%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$915K
Pt IX · Ln 25
Net assets
$5.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$5.3M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 319
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $656K of program spending, described in the organization's own filed words · FY2024.
01

Museum-this is the cost to open and maintain the space where items are on display.

$363Kprogram expense
02

Induction--program to elect and induct people into the motorsports hall of fame.

$293Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMotorsports Museum & Hall of Fame of America Foundation INC
EINHdr · item D38-2779981
Principal addressHdr · item CDaytona Beach, FL
WebsiteHdr · item Jwww.mshf.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A500)
Ruling yearIRS BMFAug 1988

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a19
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

George Levy’s $100K as President is at the 33rd percentile of top reported officer pay among 3916 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
George Levy$100,000$100,000$100,000$100,000$100,000
Donna Sprague$50,000$50,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.7M · 81%
Program service revenue$346K · 16%
Investment income$57K · 3%
Contributions & grants81%$1.7M
Program service revenue16%$346K
Investment income3%$57K
— government grantsLn 1e$54K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.27 Fundraising $0.01
Program services72%$656K
Management & general27%$247K
Fundraising1%$12K
Total functional expensesLn 25$915K

Balance Sheet

Part X · end of year
CashLn 1$253K
Total assetsLn 16$5.3M
Total liabilitiesLn 26$4K
Total net assetsLn 32$5.3M
Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.6M · Operating expenses (Pt IX) $915K · Less non-cash grants $845K · Cash operating expenses/yr $70K
278.0 months
Where the money goes
Program services
Program services $656K · Total expenses $915K
72%
Management & General
Management & general $247K · Total expenses $915K
27%
Fundraising
Fundraising $12K · Total expenses $915K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $28K · Solicited contributions (3-yr avg) $1.4M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $2.1M
81%
Government reliance
Government grants $54K · Total revenue $2.1M
3%
Earned-income share
Program service revenue $346K · Total revenue $2.1M
16%
Investment reliance
Investment income $57K · Total revenue $2.1M
+3%
Program self-sufficiency
Program service revenue $346K · Total expenses $915K
38%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $1.8M
+19%
Revenue CAGR
FY2020 $1.1M · FY2024 $2.1M
+18%
Net-asset trend (YoY)
End of year $5.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $915K
+57%
Liabilities-to-Assets
Total liabilities — · Total assets $5.3M
Net-asset ratio
Net assets $5.3M · Total assets $5.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.3M
26%
People & payroll
Highest Reported Total Compensation
Individual George Levy · Reported title PRESIDENT · Highest reported compensation $100K · Total expenses $915K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $339K · Total expenses $915K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 27%
Fundraising cost ratio 1%
Revenue growth 19%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$1.8M revenue · ⤓ 990 PDF
FY2022$1.5M revenue · ⤓ 990 PDF
FY2021$975K revenue · ⤓ 990 PDF
FY2020$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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