2024-11-15T13:13:20-06:00 2023-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-01-01 461279633 FIFTY PLUS FOUNDATION INC FIFT 4234241845 801 BROAD STREET SUITE 300 CHATTANOOGA TN 37402 CRAIG TAYLOR TREASURER 4234241845 2024-11-13 1 0 KIRA WHEAT CPA P01422703 4237567771 2024-11-13 2023 2024-10-15 13:58:12Z X P BYRON DEFOOR 801 BROAD STREET SUITE 300 CHATTANOOGA TN 37402 5360543 0 X FIFTYPLUSFOUNDATION.COM X 2012 TN ENGAGING IN THE PROMOTION OF PUBLIC AWARENESS AND EDUCATION OF IMPROVED METHODS IN THE DIAGNOSIS, TREATMENT AND CURE OF ALZHEIMER'S DISEASE AND OTHER DEMENTIA DISORDERS. 3 2 0 250 0 0 3115791 3014885 0 0 0 1790 -2686005 -2919345 429786 97330 30000 0 0 0 0 0 0 0 0 221406 262697 251406 262697 178380 -165367 513884 322505 1676043 1650031 -1162159 -1327526 ENGAGING IN THE PROMOTION OF PUBLIC AWARENESS AND EDUCATION OF IMPROVED METHODS IN THE DIAGNOSIS, TREATMENT AND CURE OF ALZHEIMER'S DISEASE AND OTHER DEMENTIA DISORDERS. 0 0 131349 ENGAGING IN THE PROMOTION OF PUBLIC AWARENESS AND EDUCATION OF IMPROVED METHODS IN THE DIAGNOSIS, TREATMENT AND CURE OF ALZHEIMER'S DISEASE AND OTHER DEMENTIA DISORDERS. 131349 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 TN X CRAIG TAYLOR 4234241845 801 BROAD STREET SUITE 300 CHATTANOOGA TN 37421 X P BYRON DEFOOR PRESIDENT 10.00 X X 0 0 0 CRAIG TAYLOR TREASURER 0.00 X X 0 0 0 BARRY RAY SECRETARY 0.00 X X 0 0 0 EMBER SOUCHET ASSISTANT TREASURER 10.00 X 0 0 0 0 0 0 0 0 0 0 KENNETH GROSS PO BOX 429 PURCELLVILLE VA 20134 CONCOURS COORDINATOR, EVENT ADVISOR, 117800 1 751089 2263796 515635 3014885 1790 1790 734096 751089 5263213 -4529117 -4529117 INCOME FROM PASS THROUGH-CAPITAL 900099 1633942 1633942 OTHER DEDUCTIONS 900099 -339 -339 INCOME FROM PASS THROUGH-ORDINARY 900099 -23831 -23831 1609772 97330 0 0 -2917555 11657 5829 5828 91136 45568 45568 83902 41951 41951 SUPPLIES 71450 35725 35725 GENERAL ADMIN 3164 1582 1582 BANK FEES 1286 643 643 FILING FEES 102 51 51 262697 131349 131348 0 31451 31563 587310 188778 482433 398532 -107590 513884 322505 1676043 1650031 1676043 1650031 X 0 0 0 0 -1162159 -1327526 -1162159 -1327526 513884 322505 -165367 0 X X 0 1 X 1 0 X 1089909 419520 2314031 3115791 4734037 11673288 1089909 419520 2314031 3115791 4734037 11673288 8375582 3297706 11673288 2055811 0.28250 0.15010 X THE FIFTY PLUS RACING FOUNDATION HAS IN THE PAST MET THE PUBLIC SUPPORT TEST, BUT IN THE CURRENT AND PRIOR YEAR, THE AMOUNT OF CONTRIBUTIONS RECEIVED FROM THE PUBLIC HAS DECREASED DUE TO THE COVID-19 PANDEMIC. IN 2019, THE FOUNDATION BEGAN A NEW MAJOR, ANNUAL FUNDRAISING ENDEAVOR WITH THE CHATTANOOGA MOTORCAR FESTIVAL. DUE TO THE PANDEMIC, THE EVENT WAS CANCELED IN 2020, RESULTING IN A LOWER THAN USUAL AMOUNT OF PUBLIC SUPPORT. IN 2021, 2022 AND 2023, THE ORGANIZATION RECEIVED ITS PUBLIC SUPPORT FROM EVENT SPONSORSHIP FROM NUMEROUS UNRELATED INDIVIDUAL DONORS AND FUNDRAISING EVENT TICKET SALES FROM NUMEROUS UNRELATED MEMBERS OF THE PUBLIC. PRE-PANDEMIC, THE PUBLIC SUPPORT AMOUNTS WERE OVER 50%.THE PUBLIC SUPPORT PERCENTAGE IS EXPECTED TO RISE AGAIN IN FUTURE YEARS AS SOLICITATION OF CONTRIBUTIONS FROM THE PUBLIC INCREASE AS THE AREA RECOVERS FROM THE COVID-19 PANDEMIC AND THE FUNDRAISER BECOMES MORE ESTABLISHED. THE ORGANIZATION IS ALSO WORKING TO PARTNER WITH THE CITY OF CHATTANOOGA'S TOURISM PROGRAM AND OTHER CITY PROGRAMS TO DRAW AWARENESS TO THE FOUNDATION AND EVENT, AS WELL AS HIRING A PROFESSIONAL EVENT COMPANY TO OBTAIN ADDITIONAL AND LARGER SPONSORSHIPS AND DONATIONS TO THE FOUNDATION GOING FORWARD. IT HAS ALSO EXPANDED ITS ADVERTISING EFFORTS TO REACH OUT TO LOCAL MASSES AND TALK ABOUT THE UPCOMING EVENTS IN TOWN. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 350195 310108 660303 990455 46298 300 46598 87549 77527 165076 247614 PART I-A, LINE 1: LOBBYING TENNESSEE LEGISLATURE TO PASS LEGISLATION REGARDING ANTIQUE VEHICLE AUCTIONS. 587310 188778 398532 398532 NOTE PAYABLE - COMMERCIAL BANK 1622663 BANK OVERDRAFT 27368 1650031 X 5468133 107590 5263213 5370803 97330 0 97330 5525910 5263213 5263213 262697 0 262697 PART X, LINE 2: AS OF DECEMBER 31, 2023, THE ORGANIZATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES NETTED WITH REVENUE ON 990 5,263,213. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES NETTED WITH REVENUE ON 990 5,263,213. CHATTANOOGA MOTORCAR FESTIVAL 1485185 751089 734096 445988 55743 92791 4668691 1485185 751089 734096 445988 55743 92791 4668691 5263213 -4529117 P BYRON DEFOOR PRESIDENT OF ORGANIZATION 464065 HOTEL SPACES RENTED AND CONSULTING SERVICES PROVIDED BY COMPANIES OWNED BY P. BYRON DEFOOR. 0 X INTEREST IN 5.5 UNITS OF LIMITED PARTNERSHIP 1 515635 CONTRIBUTOR'S COST B 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 ALL MEMBERS ARE PARTNERS IN RELATED PARTNERSHIPS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST.