Indianapolis Motor Speedway Foundation
Indianapolis Motor Speedway Foundation reported $22.0 million in revenue and $11.9 million in expenses for calendar year 2025. Of every $100 it spent, $68.99 went to program services, $26.66 to management and general costs and $4.35 to fundraising. Its largest source of revenue was contributions and grants: 52.7% of the total. The highest compensation it reported for one person was $302,019 (President (ENDED JUNE 2025)). 6 people received more than $100,000 in reportable compensation. Revenue rose 324% between 2019 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2025 · Form 990, Part VIII · total revenue $22MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 69.0% | 86.7% |
| Management & general Part IX 25(C) ÷ 25(A) | 26.7% | 11.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.7% | 29.9% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 3.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 23.8% | 58.9% |
| Highest reported compensation Part VII-A, columns D–F | $302,019 | $301,601 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.54% | 1.38% |
| People paid over $100,000 Part VII, line 2 | 6 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 180.8 | 6.8 |
| Independent voting board members Part VI 1a–1b | 14 of 16 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2025 · Form 990, Part III · the three largest programs by expenseThe 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…
Restoration to preserve educate and celebrate racing history through items that are on display or participate in racing ceremonies
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
Highest reported compensation
2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President (ENDED JUNE 2025) Officer, 40.0 hrs/week | $288,780 | $0 | $13,239 | $302,019 |
| DIRECTOR OF FINANCE Officer, 40.0 hrs/week | $139,888 | $0 | $22,901 | $162,789 |
| VP OF CURATION AND EDUCATION Highest compensated employee, 40.0 hrs/week | $142,000 | $0 | $13,998 | $155,998 |
| VP OF ADVANCEMENT Highest compensated employee, 40.0 hrs/week | $136,287 | $0 | $14,210 | $150,497 |
| VP OF OPERATIONS Highest compensated employee, 40.0 hrs/week | $133,971 | $0 | $13,580 | $147,551 |
| RESTORATION SERVICES MANAGER Highest compensated employee, 40.0 hrs/week | $108,855 | $0 | $12,273 | $121,128 |
| DIRECTOR AND INTERIM PRESIDENT (JUL - DEC 2025) Director/trustee, officer, 0.5 hrs/week | $20,000 | $0 | $0 | $20,000 |
6 people received more than $100,000 in reportable compensation from Indianapolis Motor Speedway Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $465K (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b16 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5130
- Volunteers Part I, line 6155
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| SHIEL SEXTON COMPANY INC Construction | $17,358,743 |
| RM AUCTIONS INC Auction services | $550,000 |
| EXHIBIT CONCEPTS INC Exhibit constructions | $400,558 |
| INDIANAPOLIS MOTOR SPEEDWAY LLC Shared services | $400,441 |
| BORSHOFF Promotional support | $227,000 |
Individuals listed as contractors are left out. 14 contractors were paid more than $100,000 in all.
Private foundation grants it received
12 private foundations reported grants to Indianapolis Motor Speedway Foundation totaling $23M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Indianapolis Motor Speedway Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Indianapolis Motor Speedway Foundation, you can publish a response that is linked from this page.
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Of every $100 Indianapolis Motor Speedway Foundation spent in 2025, $68.99 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Indianapolis Motor Speedway Foundation's spending goes to programs?
In calendar year 2025, Indianapolis Motor Speedway Foundation reported that 69.0% of its $11.9 million in expenses went to program services, 26.7% to management and general and 4.4% to fundraising (Form 990, Part IX).
How much does Indianapolis Motor Speedway Foundation pay its top executive?
The largest total compensation Indianapolis Motor Speedway Foundation reported for one person in calendar year 2025 was $302,019, for the role of President (ENDED JUNE 2025) (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Indianapolis Motor Speedway Foundation get its money?
Of $22.0 million in revenue in calendar year 2025, 52.7% came from contributions and grants and 23.8% from program service revenue (Form 990, Part VIII).
Is Indianapolis Motor Speedway Foundation a registered charity?
The IRS lists EIN 35-6013771 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202601969349301930 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202533099349302063 · read the filing
- 2023: Form 990 for calendar year 2023, object 202442789349301224 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323189349308697 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222449349301002 · read the filing
- 2020: Form 990 for calendar year 2020, object 202112149349301161 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032269349301688 · read the filing
All filings for EIN 35-6013771: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.