Speedway Children's Charities Explained

Speedway Children's Charities
Type:Non-governmental organization, Non-profit organization
Focus:Children
Area Served:United States
Founder:Bruton Smith
Headquarters:Charlotte Motor Speedway, Concord, North Carolina, U.S.
Leader Title:President
Status:501(c)(3)[1]
Purpose:To raise and provide funds to nonprofit organizations that meet the direct needs of children with medical, educational, or social challenges.[2]
Revenue:$3,850,146
Revenue Year:2017
Expenses:$3,925,136
Expenses Year:2017
Employees:0
Employees Year:2016
Volunteers:2,500
Volunteers Year:2016

Speedway Children's Charities (SCC) is a US 501(c)(3) nonprofit organization that provides funding for organizations that meet the direct needs of children. Nationwide, Speedway Children's Charities distributed over $2.9 million across its eight chapters in 2019.

History

Speedway Children's Charities was founded by Bruton Smith,[3] Chairman of Speedway Motorsports (SMI)[4] and Sonic Automotive,[5] after his son, Bruton Cameron Smith, died at a very young age.

SCC became a national organization in 1982, and now includes a network of eight chapters based at each of the eight SMI facilities across the United States.

Major General Thomas M. Sadler[6] served as the executive director of Speedway Children’s Charities from 1990 until 2014. Major General Chuck Swannack[7] served as the executive director of Speedway Children's Charities from 2014 until 2018.

Chapter locations

Fundraising and grants

SCC chapters hold events that raise funds to help address the medical, educational, and social needs of children. These events include on-track activities, live auctions, clay shoots, galas, 5K runs, golf tournaments, and other fundraising opportunities. Monies raised are distributed to local non-profit organizations through grants at the end of the calendar year. Each chapter holds a distribution ceremony to recognize the organizations receiving the grants.

Impact

Since the organization was founded in 1982, Speedway Children’s Charities has awarded in excess of $58.3 million to nonprofit organizations throughout the nation.

Notes and References

  1. "Speedway Childrens Charities". Tax Exempt Organization Search. Internal Revenue Service. Retrieved August 11, 2019.
  2. "Form 990: Return of Organization Exempt from Income Tax". Speedway Children's Charities. Internal Revenue Service. September 30, 2017.
  3. Web site: #207 Ollen Bruton Smith . 2007-05-03 . Forbes.
  4. Web site: Company Description. https://web.archive.org/web/20030524190540/http://phx.corporate-ir.net/phoenix.zhtml?c=99758&p=irol-irhome. dead. 24 May 2003. Speedway Motorsports. 27 November 2010.
  5. Web site: Bruton Smith makes motorsports his playground . 2007-05-03 . June 5, 2005 . . Jeff Wolf.
  6. Web site: Major General Thomas M. Sadler .
  7. Web site: Major General Charles H. Swannack Jr., U.S. Army | MFLCF – Military Family Lifestyle Charitable Foundation . 2015-11-21 . 2015-11-22 . https://web.archive.org/web/20151122104658/http://mflcf.org/major-general-charles-h-swannack-jr-u-s-army/ . dead .