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Utah Motorsports Foundation EIN 87-0628481

Utah Motorsports Foundation

EIN  87-0628481 Private foundation / grantmaker Woods Cross, UT
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Size
<$100K
What they do
Provides financial aid to individuals facing hardship in motorsports.
Leadership
Larry Lawson · Trustee
Money in and out
$39K revenue, $58K expenses
Bottom line
—

Provides financial aid to individuals facing hardship in motorsports. For fiscal year 2025 it reported $39K in revenue, $58K in expenses, and $623K in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$39K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$623K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$19K
Total assets
623K
deployed as grants and operations
Grants paid
57K
in FY2025
Grants made
24grants
total in period
Payout rate
9%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 24 grants · $57K · 2024–2024
Amy WhetstoneFY2024$5,000
Truly AdamsFY2024$5,000
Frances PattonFY2024$5,000
Lanie NishFY2024$4,000
Rosa PadillaFY2024$3,500
Heather OlsonFY2024$3,000
Curt StewartFY2024$3,000
Kylie IthFY2024$2,500
Morghan FillerFY2024$2,500
James LythallFY2024$2,000
Aj LuttmerFY2024$2,000
Kyle GotschallFY2024$1,500
Steele LarsonFY2024$1,500
Chase SchoutenFY2024$1,500
Brian McBrideFY2024$1,500
Steven MontoverFY2024$1,500
Easton WhetstoneFY2024$1,500
Ace BowmanFY2024$1,500
See all 24 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$2K
Median grantPart XV$2K
Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$39K
FY2025▲ +657%
Expenses
$58K
FY2025▲ +108%
Total assets
$623K
FY2025▲ +9%
Total liabilities
$0
FY2025
Total revenue
$39K
Pt VIII · Ln 12
Total expenses
$58K
Pt IX · Ln 25
Net assets
$623K
Pt X · Ln 32
Total assetsPt II$623K
Mission & Programs · Part III

Where the work happens

3 program services account for $27K of program spending, described in the organization's own filed words · FY2021.
01

Gave assistance to 3 individuals and a grant to an organization to assist individuals with their financial needs

$14Kprogram expense
02

Gave assistance to 2 individuals to assist them with their medical needs

$12Kprogram expense
03

Gave assistance to 1 individuals to assist them with funeral expenses for a loved one

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUtah Motorsports Foundation
EINHdr · item D87-0628481
Principal addressHdr · item CWoods Cross, UT
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMay 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Jeff Nish
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Nish
Trustee
$0Pt VII · Sec A
Sam James
Trustee
$0Pt VII · Sec A
See Utah Motorsports Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$39K
Total revenueLn 12$39K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$57K
Operating & administrative2%$1K
Total functional expensesLn 25$58K

Balance Sheet

Part X · end of year
CashLn 1$623K
Total assetsLn 16$623K
Total liabilitiesLn 26$0
Total net assetsLn 32$623K
Months of cash on handcomputed128.1

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $623K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $39K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $39K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $39K · Prior year $5K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $623K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $39K · Expenses $58K
-50%
Liabilities-to-Assets
Total liabilities — · Total assets $623K
—
Net-asset ratio
Net assets $623K · Total assets $623K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $58K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 657%——

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.

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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
FY2025 (Latest)$39K revenue · viewing · ⤓ 990 PDF
FY2024not on file
FY2023not on file
FY2022$5K revenue · ⤓ 990 PDF
FY2021$1K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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