Nonprofit · EIN 35-6013771
INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC
Tax-exempt · INDIANAPOLIS, IN 46222
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $22,026,626 | $11,893,704 | $10,132,922 | $180,203,397 | $1,030,908 | $179,172,489 |
| December 31, 2024 | 990 | $8,450,024 | $5,313,201 | $3,136,823 | $80,317,277 | $13,169,431 | $67,147,846 |
| December 31, 2023 | 990 | $42,558,276 | $6,556,260 | $36,002,016 | $65,144,724 | $1,447,104 | $63,697,620 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $11,603,714
- Membership dues
- $300,027
- Program service revenue
- $5,236,070
- Investment income
- $5,125,945
- Royalties
- $82
- Net gain from sales of assets
- $1,498,888
- Net income from fundraising events
- $60,254
- Net income from sales of inventory
- $561
- Other revenue
- $60,897
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $464,808
- Other salaries and wages
- $2,951,911
- Salaries, compensation and benefits (total)
- $4,013,625
- Professional fundraising fees
- $0
- Accounting fees
- $48,761
- Occupancy
- $1,671,246
- Travel
- $69,020
- Depreciation
- $2,055,400
- Program services (functional)
- $8,204,892
- Management and general (functional)
- $3,171,103
- Fundraising (functional)
- $517,709
Balance sheet and other
- Total assets, start of year
- $80,317,277
- Total assets, end of year
- $180,203,397
- Total liabilities, end of year
- $1,030,908
- Net assets, end of year
- $179,172,489
- Land, buildings and equipment
- $60,117,053
- Publicly traded securities
- $93,662,327
- Net assets without donor restrictions
- $164,978,961
- Net assets with donor restrictions
- $14,193,528
- Gross receipts
- $164,830,730
- Employees
- 130
- Volunteers
- 155
- Year formed
- 1957
- State of legal domicile
- IN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| John Joseph Hale | President (ENDED JUNE 2025) Officer | 40 | $288,780 | $13,239 |
| PHIL FOSTER | DIRECTOR OF FINANCE Officer | 40 | $139,888 | $22,901 |
| JASON VANSICKLE | VP OF CURATION AND EDUCATION Highest-paid employee | 40 | $142,000 | $13,998 |
| KARA KOVERT PRAY | VP OF ADVANCEMENT Highest-paid employee | 40 | $136,287 | $14,210 |
| MANDI BENDER | VP OF OPERATIONS Highest-paid employee | 40 | $133,971 | $13,580 |
| DANIEL C ROSENAU | RESTORATION SERVICES MANAGER Highest-paid employee | 40 | $108,855 | $12,273 |
| KIRK HENDRIX | DIRECTOR AND INTERIM PRESIDENT (JUL - DEC 2025) Trustee or director, Officer | 0.5 | $20,000 | $0 |
| CHUCK JONES | BOARD CHAIR & DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| CONSTANCE LUND | TREASURER & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY B SMITH | SECRETARY AND DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANGELA KRAHULIK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BILL MANNS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BLAIR HALL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BUD MOELLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS MACALLISTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DOUGLAS BOLES | DIRECTOR Trustee or director | 0.5 | $0 |
| DUNCAN DAYTON | DIRECTOR Trustee or director | 0.5 | $0 |
| FRED J NATION | DIRECTOR Trustee or director | 0.5 | $0 |
| LARRY FOYT | DIRECTOR Trustee or director | 0.5 | $0 |
| MELISSA CAITO | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT DYSON | DIRECTOR Trustee or director | 0.5 | $0 |
| ROBERT RAHAL | DIRECTOR Trustee or director | 0.5 | $0 |
| SCOTT BORCHETTA | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN JOSEPH HALE JR | PRESIDENT Officer | 40 | $434,575 | $14,792 |
| PHIL FOSTER | DIRECTOR OF FINANCE Officer | 40 | $128,808 | $29,773 |
| MANDI BENDER | VP OF OPERATIONS Highest-paid employee | 40 | $122,332 | $24,409 |
| KARA KOVERT PRAY | VP OF ADVANCEMENT Highest-paid employee | 40 | $127,828 | $7,640 |
| JASON VANSICKLE | VP OF CURATION AND EDUCATION Highest-paid employee | 40 | $108,022 | $24,451 |
| CONSTANCE LUND | TREASURER & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY B SMITH | SECRETARY AND DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| ROBERT DYSON | CHAIR AND DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANGELA KRAHULIK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BLAIR HALL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS MACALLISTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHUCK JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOUGLAS BOLES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED J NATION | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIRK HENDRIX | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARLYNE SEXTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MELISSA CAITO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT RAHAL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT BORCHETTA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN JOSEPH HALE JR | PRESIDENT Officer | 40 | $398,129 | $15,354 |
| PHIL FOSTER | DIRECTOR OF FINANCE Officer | 40 | $114,102 | $28,329 |
| KARA KOVERT PRAY | VP OF ADVANCEMENT Highest-paid employee | 40 | $120,471 | $7,793 |
| CONSTANCE LUND | TREASURER & DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| JEFFREY B SMITH | SECRETARY AND DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| ROBERT DYSON | CHAIR AND DIRECTOR Trustee or director, Officer | 0.5 | $0 | $0 |
| ANGELA KRAHULIK | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| BLAIR HALL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHRIS MACALLISTER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CHUCK JONES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DOUGLAS BOLES | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DUJUAN MCCOY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| FRED J NATION | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KIRK HENDRIX | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARLYNE SEXTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ROBERT RAHAL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SCOTT BORCHETTA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4750 W 16TH ST, INDIANAPOLIS, IN 46222-2550
- In care of
- % PHIL FOSTER
- Principal officer (990 for 2025)
- CONSTANCE LUND, 4750 WEST 16TH STREET, INDIANAPOLIS, IN 46222
- Signed the 990
- Constance Lund, Treasurer
- Phone
- (463) 244-2680
- Website
- WWW.IMSMUSEUM.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
The Indianapolis Motor Speedway Museum brings to life the innovation, thrill, and cultural significance of motor racing at the Indianapolis Motor Speedway.
Program accomplishments
- THE INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION, INC. MANAGES A MUSEUM, ITS COLLECTION AND PUBLIC PROGRAMS. THE MUSEUM'S COLLECTION CONSISTS OF HISTORICALLY AND CULTURALLY SIGNIFICANT ITEMS THAT INCLUDE VEHICLES, RACE CARS, RACING ARTIFACTS, ARTWORK, AND PUBLICATIONS. THE MUSEUM OFFERS A COMBINATION OF ROTATING AND PERMANENT EXHIBITS THAT FOCUS ON THE HISTORY AND IMPACT OF THE INDIANAPOLIS MOTOR SPEEDWAY, INDYCAR RACING, AND MOTORSPORTS. IN ADDITION, THE MUSEUM OFFERS UNIQUE TOURS OF THE SPEEDWAY TRACK AND FACILITIES. EDUCATIONAL AND INFORMATION PROGRAMMING FOR THE PUBLIC RANGING FROM STUDENTS ON A FIELD TRIP TO LIFELONG LEARNING OPPORTUNITIES, IS AT THE HEART OF THE WORK OF THE MUSEUM.Expenses $8,204,892 · revenue $5,225,076
- RESTORATION TO PRESERVE EDUCATE AND CELEBRATE RACING HISTORY THROUGH ITEMS THAT ARE ON DISPLAY OR PARTICIPATE IN RACING CEREMONIES.revenue $46,838
- THE DISTINGUISHED SPEAKER SERIES, FUEL UP FRIDAYS AND LUNCH & LEARN INFORM, EDUCATE AND ENTERTAIN RACING ENTHUSIASTS THROUGH STORY-TELLING BY AND DISCUSSIONS WITH ICONIC RACING PERSONALITIES AND BEHIND THE SCENES PERSPECTIVES.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 35-6013771
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1959
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $180,203,397
- Income (IRS master file)
- $164,830,730
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $22,026,626 | $11,893,704 | $180,203,397 | XML |
| 990-T | December 2025 | – | – | – | IRS |
| 990 | December 2024 | $8,450,024 | $5,313,201 | $80,317,277 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $42,558,276 | $6,556,260 | $65,144,724 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $16,312,669 | $5,445,718 | $27,846,137 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 35-6013771).
Questions about INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC
- What is the EIN of INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC?
- The employer identification number (EIN) of INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC is 35-6013771.
- Is INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1959.
- Are donations to INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names CONSTANCE LUND.
- Who are the officers and directors of INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 23 people; 7 received compensation from the organization, the highest $288,780 (John Joseph Hale, President (ENDED JUNE 2025)).
- How much revenue does INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $22,026,626, expenses of $11,893,704 and total assets of $180,203,397 at year end.
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