Evernham Family-racing For A Reason Foundation
Only null% goes to programs Strong reserves
Evernham Family-racing For A Reason Foundation is a 501(c)(3) organization based in Mooresville, North Carolina, registered in 1997, with $460,629 in FY2024 revenue. CharityIndex grades it C+.
105 Bevan Dr, Mooresville, NC, 28115 EIN 56-2053289 Since 1997
Revenue (FY2024)
$461K
▼ 4.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$574K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Evernham Family-racing For A Reason Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating42 mo reserves · -25% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Evernham Family-racing For A Reason Foundation: 42 mo reserves · -25% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Evernham Family-racing For A Reason Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Evernham Family-racing For A Reason Foundation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 105 Bevan Dr, Mooresville, NC, 28115
- City
- Mooresville
- State
- North Carolina
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue grew from $394K (FY2015) to $461K (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $519Net assets $2.0M
Operating margin
-24.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$519
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $460,629▼4.0% | $573,944▼35.0% | $2,006,290▼5.3% | $2,006,809▼5.8% | 990PF |
| 2023 | $479,772▼6.5% | $882,956▲34.4% | $2,118,787▼16.1% | $2,129,581▼16.0% | 990PF |
| 2022 | $512,991▲24.2% | $657,161▲103% | $2,525,649▼6.1% | $2,535,167▼5.7% | 990PF |
| 2021 | $413,012▲55.5% | $324,131▼32.4% | $2,689,120▲3.5% | $2,689,120▲3.5% | 990PF |
| 2020 | $265,559▼50.0% | $479,667▲30.7% | $2,597,809▼8.8% | $2,597,809▼8.8% | 990PF |
| 2019 | $531,115▼81.2% | $367,071▼35.4% | $2,847,667▲6.1% | $2,847,667▲6.1% | 990PF |
| 2018 | $2,825,429▲660% | $568,107▲92.5% | $2,683,370▲528% | $2,683,370▲528% | 990PF |
| 2017 | $371,887▼5.6% | $295,085▼10.0% | $427,151▲323% | $427,151▲323% | 990PF |
| 2015 | $393,904 | $327,822 | $100,974 | $100,974 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $5,000 total
1 grant to Evernham Family-racing For A Reason Foundation totaling $5,000, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Christian Community Foundation of Memphis and the Mid-south Inc | Philanthropy | 2014 | $5,000 |
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Frequently asked questions
- Is Evernham Family-racing For A Reason Foundation a legitimate nonprofit?
- Yes. Evernham Family-racing For A Reason Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2053289, based in Mooresville, North Carolina. Donations are tax-deductible.
- What is Evernham Family-racing For A Reason Foundation's EIN?
- Evernham Family-racing For A Reason Foundation's Employer Identification Number (EIN) is 56-2053289.
- How much revenue does Evernham Family-racing For A Reason Foundation report?
- Evernham Family-racing For A Reason Foundation reported $460,629 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Evernham Family-racing For A Reason Foundation have?
- CharityIndex grades Evernham Family-racing For A Reason Foundation C+, based on financial health (reserves and operating margin).
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Data for Evernham Family-racing For A Reason Foundation (EIN 56-2053289) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.