Hulman Memorial Way Foundation Inc
- Assets
- $0.0
- Revenue
- $68.0
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2017
- EIN
- 35-2037002
Organization Overview
Hulman Memorial Way Foundation Inc is located in Indianapolis, IN. Hulman Memorial Way Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2017, Hulman Memorial Way Foundation Inc generated $68.0 in total revenue. All expenses for the organization totaled $212.8k during the year ending 12/2017.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
MAINTENANCE OF LANDSCAPE AND ROADWAY FRONTAGE ALONG CRAWFORDSVILLE ROAD AS IT ENTERS INTO THE TOWN OF SPEEDWAY AND THE INDIANAPOLIS 500 RACE TRACK. PURPOSE IS FOR THE BEAUTIFICATION AND WELCOMING OF VISITORS TO THE GREATER TOWN OF SPEEDWAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE OVERALL BEAUTIFICATION OF THE ENTRANCE TO THE TOWN OF SPEEDWAY AND TO THE INDIANAPOLIS 500 RACE TRACK. THIS FUNCTION PROVIDES A WARM WELCOMING EFFECT TO THE VISITORS OF THE TOWN OF SPEEDWAY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin M Smith Secretary | Trustee | 1 | $0 |
Matt E Steward Board Member | Trustee | 1 | $0 |
Michael L Smith President | OfficerTrustee | 25 | $183,746 |
James Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $68 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $68 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $183,746 |
| Compensation of current officers, directors, key employees. | $183,746 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,088 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $228 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $919 |
| All other expenses | $0 |
| Total functional expenses | $212,837 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Hulman Memorial Way Foundation Inc has awarded $15,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS FOR SPEEDWAY | | | $1,000 |
INDIANA KARST CONSERVANCY | | | $2,000 |
CENTRAL INDIANA WOODWORKERS | | | $2,000 |
INDIANAPOLIS MOTOR SPEEDWAY FOUNDATION | | | $2,000 |
INDY CARDIAC ARREST REGISTRY AND EDUCATION SERVICE | | | $4,000 |
INDIANA RACING MEMORIAL ASSOCIATION | | | $2,000 |