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Malcolm Smith Motorsports Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$143k (2023)

Expenses
$119k (2023)

Total Assets
$1.04M (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,063
Expenses
$118,931
Net Income
$24,132
Net Assets
$1,037,767
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,476
70.9%
Program Services $0
Investment Income $38,709
27.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,878
2.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,037,767
Total Liabilities $0
Net Assets $1,037,767
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$142,597
Expenses
$90,112
Net Income
$52,485
Net Assets
$921,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $143,320
> 100%
Program Services $0
Investment Income $11,265
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$11,988
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $921,273
Total Liabilities $0
Net Assets $921,273
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,635
Expenses
$62,924
Net Income
$103,711
Net Assets
$951,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,406
78.9%
Program Services $0
Investment Income $35,229
21.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $951,910
Total Liabilities $0
Net Assets $951,910
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,013
Expenses
$88,187
Net Income
$15,826
Net Assets
$809,580
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,023
81.7%
Program Services $0
Investment Income $18,990
18.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $809,580
Total Liabilities $0
Net Assets $809,580
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$129,578
Expenses
$69,101
Net Income
$60,477
Net Assets
$719,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $112,543
86.9%
Program Services $0
Investment Income $17,035
13.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $719,350
Total Liabilities $0
Net Assets $719,350
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$97,666
Expenses
$43,731
Net Income
$53,935
Net Assets
$637,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,651
97.9%
Program Services $0
Investment Income $22,604
23.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$20,589
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $637,994
Total Liabilities $0
Net Assets $637,994
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$109,432
Expenses
$60,565
Net Income
$48,867
Net Assets
$591,044
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,175
78.7%
Program Services $0
Investment Income $23,257
21.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $591,044
Total Liabilities $0
Net Assets $591,044
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$168,500
Expenses
$108,194
Net Income
$60,306
Net Assets
$525,338
Notable Sources of Revenue Percent of Total Revenue
Contributions $158,846
94.3%
Program Services $0
Investment Income $9,654
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $525,338
Total Liabilities $0
Net Assets $525,338
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$187,301
Expenses
$137,312
Net Income
$49,989
Net Assets
$460,527
Notable Sources of Revenue Percent of Total Revenue
Contributions $164,809
88.0%
Program Services $0
Investment Income $22,492
12.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $460,527
Total Liabilities $0
Net Assets $460,527
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$208,221
Expenses
$119,612
Net Income
$88,609
Net Assets
$429,273
Notable Sources of Revenue Percent of Total Revenue
Contributions $159,621
76.7%
Program Services $0
Investment Income $48,600
23.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $429,273
Total Liabilities $0
Net Assets $429,273
Compensation
Key Employees and Officers Compensation Related Other
Joyce Smith (Executive Dir.) $0 $0 $0
Malcolm Smith (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$218,714
Expenses
$180,035
Net Income
$38,679
Net Assets
$377,504
Notable Sources of Revenue Percent of Total Revenue
Contributions $199,782
91.3%
Program Services $0
Investment Income $18,932
8.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $377,504
Total Liabilities $0
Net Assets $377,504

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$146,420
Expenses
$151,181
Net Income
-$4,761
Net Assets
$327,335
Notable Sources of Revenue Percent of Total Revenue
Contributions $122,517
83.7%
Program Services $0
Investment Income $23,903
16.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $327,335
Total Liabilities $0
Net Assets $327,335

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$182,290
Expenses
$141,867
Net Income
$40,423
Net Assets
$332,096
Notable Sources of Revenue Percent of Total Revenue
Contributions $178,245
97.8%
Program Services $0
Investment Income $4,045
2.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $332,096
Total Liabilities $0
Net Assets $332,096

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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