Michael Andretti Foundation
- Assets
- $21.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 57-1163960
Organization Overview
Michael Andretti Foundation is located in Indianapolis, IN. The organization was established in 2003. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael Andretti Foundation 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 12/2023, Michael Andretti Foundation generated $9.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.3%) each year. All expenses for the organization totaled $15.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE GRANTS TO OTHER 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryann Rigsby Compliance Director | 10 | $0 | |
John Caponigro Director | 0.5 | $0 | |
Michael Andretti President | 0.5 | $0 | |
J-F Thormann Vice-President | 0.5 | $0 | |
Marissa Andretti Managing Director | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,200 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $9,202 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,000 |
| Professional fees and other payments to independent contractors | $2,649 |
| Occupancy, rent, utilities, and maintenance | $300 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $98 |
| Total expenses | $15,547 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $21,015 |
| Other assets | $0 |
| Total assets | $21,015 |
| Total liabilities | $0 |
| Net assets or fund balances | $21,015 |