Circuit Events Local Organizing Committee
The purposes of Circuit Events Local Organizing Committee are to (1) assist with organization, administation, management, promotion, facilitation, and operation related to hosting the formula one united states grand prix and other events, competitions, and activities as may be hosted by the corporation in the discretion of the board of directors and (2) promote the public interest of the city of Austin, Travis county, and the state of Texas.
Circuit Events Local Organizing Committee at a glance
In short: Circuit Events Local Organizing Committee gave $54.1M across 1 grant in 2024 (avg $54.1M), mostly in Texas. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $54,140,595
- -13.8% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $54,140,595
- -13.8% vs 2023
- Median grant
- $54,140,595
- Total assets
- $1,597,765
- +23.8% vs 2023
- Primary geography
- Texas (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Circuit Events Local Organizing Committee funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Circuit of the Americas ($54.1M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was $5M or more: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Circuit Events Local Organizing Committee gives
- Giving grew 274% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $14.5M (2021) to $62.8M (2023). In 2024 it made 1 grant totaling $54.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Circuit of the Americas Austin, TX | A source of local increment required under Texas event trust fund for qualification and reimbursements for the formula 1 united states grand prix and other qualifying events. | $54,140,595 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants |
|---|---|---|---|---|---|
| 2024 | $1,597,765 | $54,145,048 | $54,145,048 | $54,140,595 | 1 |
| 2023 | $1,290,431 | $62,855,633 | $62,855,632 | $62,844,055 | 1 |
| 2022 | $2,475,880 | $29,370,475 | $29,370,475 | $29,361,269 | 1 |
| 2021 | $5,758,250 | $14,482,431 | $14,482,431 | $14,470,512 | 1 |
| 2020 | $929,845 | $28,795,471 | $28,795,471 | $28,786,331 | 1 |
About Circuit Events Local Organizing Committee
Based on IRS filings
Circuit Events Local Organizing Committee is a public charity focused on Community Improvement & Capacity Building, based in Austin, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 1 grant totaling $54.1M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Circuit Events Local Organizing Committee is led by Julia Taylor, Chairperson since 2024 (on filings since 2020); none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Julia Taylor
Chairperson
President → Chairperson, 2024
On filings since 2020
1 hr/week
No compensation reported
Anna Panossian
Secretary
On filings since 2020
10 hrs/week
No compensation reported
Anthony Mills
Member
On filings since 2020
1 hr/week
No compensation reported
Drew Scheberle
Member
On filings since 2020
1 hr/week
No compensation reported
Mark Borskey
Member
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Sylnovia Holt-Rabb (2020–2023) — Ex-Officio
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Circuit Events Local Organizing Committee
How much does Circuit Events Local Organizing Committee give each year?
Circuit Events Local Organizing Committee gave $54.1M across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $62.8M across 1 grant.
How large is Circuit Events Local Organizing Committee?
Circuit Events Local Organizing Committee reported $1.6M in total assets on its 2024 IRS Form 990. Its revenue that year was $54.1M.
What is Circuit Events Local Organizing Committee?
Circuit Events Local Organizing Committee is a public charity focused on Community Improvement & Capacity Building, based in Austin, TX. It holds $1.6M in total assets as of 2024.
Where does Circuit Events Local Organizing Committee operate?
Circuit Events Local Organizing Committee has awarded grants in Texas.
What is Circuit Events Local Organizing Committee's EIN?
Circuit Events Local Organizing Committee's EIN (Employer Identification Number) is 45-2727397. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Circuit Events Local Organizing Committee funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Circuit Events Local Organizing Committee's focus areas in our free grants database
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