Nonprofit · EIN 46-1279633
FIFTY PLUS RACING FOUNDATION INC
Tax-exempt · CHATTANOOGA, TN 37402
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $370,114 | $168,186 | $201,928 | $298,161 | $1,357,860 | -$1,059,699 |
| December 31, 2023 | 990 | $97,330 | $262,697 | -$165,367 | $322,505 | $1,650,031 | -$1,327,526 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,388,656
- Program service revenue
- $0
- Investment income
- $12,109
- Net income from fundraising events
- -$1,010,643
- Other revenue
- -$1,030,651
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $35,506
- Depreciation
- $83,901
- Program services (functional)
- $84,091
- Management and general (functional)
- $84,095
Balance sheet and other
- Total assets, start of year
- $322,505
- Total assets, end of year
- $298,161
- Total liabilities, end of year
- $1,357,860
- Net assets, end of year
- -$1,059,699
- Land, buildings and equipment
- $314,630
- Gross unrelated business income
- -$20,008
- Gross receipts
- $1,620,645
- Employees
- 0
- Volunteers
- 250
- Year formed
- 2012
- State of legal domicile
- TN
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| P BYRON DEFOOR | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CRAIG TAYLOR | TREASURER Trustee or director, Officer | 0 | $0 |
| BARRY RAY | SECRETARY Trustee or director, Officer | 0 | $0 |
| EMBER SOUCHET | ASSISTANT TREASURER Officer | 10 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| P BYRON DEFOOR | PRESIDENT Trustee or director, Officer | 10 | $0 |
| CRAIG TAYLOR | TREASURER Trustee or director, Officer | 0 | $0 |
| BARRY RAY | SECRETARY Trustee or director, Officer | 0 | $0 |
| EMBER SOUCHET | ASSISTANT TREASURER Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 801 BROAD ST STE 300, CHATTANOOGA, TN 37402-2668
- In care of
- % CRAIG TAYLOR
- Principal officer (990 for 2024)
- P BYRON DEFOOR, 801 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402
- Signed the 990
- CRAIG TAYLOR, TREASURER
- Phone
- (423) 424-1845
- Website
- FIFTYPLUSFOUNDATION.COM
- Return prepared by
- HENDERSON HUTCHERSON & MCCULLOUGH PLLC
Mission
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.
Program accomplishments
- 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.Expenses $84,091
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 | Not 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
- 46-1279633
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Voluntary health associations and medical disciplines (G83)
- Assets (IRS master file)
- $298,161
- Income (IRS master file)
- $1,620,645
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $370,114 | $168,186 | $298,161 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $97,330 | $262,697 | $322,505 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $429,786 | $251,406 | $513,884 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 46-1279633).
Questions about FIFTY PLUS RACING FOUNDATION INC
- What is the EIN of FIFTY PLUS RACING FOUNDATION INC?
- The employer identification number (EIN) of FIFTY PLUS RACING FOUNDATION INC is 46-1279633.
- Is FIFTY PLUS RACING FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to FIFTY PLUS RACING FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIFTY PLUS RACING 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 FIFTY PLUS RACING FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIFTY PLUS RACING FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FIFTY PLUS RACING FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names P BYRON DEFOOR.
- Who are the officers and directors of FIFTY PLUS RACING FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does FIFTY PLUS RACING FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $370,114, expenses of $168,186 and total assets of $298,161 at year end.
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