Keeping Racing Alive
Keeping Racing Alive is a private foundation focused on Recreation & Sports, based in Reinbeck, IA. IRS filing data is available from 2023 through 2024. As of 2024, the organization holds $274 in total assets. In 2024, it awarded 4 grants totaling $2K.
Keeping Racing Alive at a glance
In short: Keeping Racing Alive gave $2K across 4 grants in 2024 (avg $500), mostly in Iowa. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,000
- -52.9% vs 2023
- Grants made (2024)
- 4
- +0.0% vs 2023
- Average grant
- $500
- -52.9% vs 2023
- Median grant
- $500
- Total assets
- $274
- -47.9% vs 2023
- Primary geography
- Iowa (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Keeping Racing Alive funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Iowa Donor Network ($500). Together the top 4 received $2K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 8 grants of 8 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How Keeping Racing Alive gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $2K (2024) to $4K (2023). In 2024 it made 4 grants totaling $2K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Donor Network North Liberty, IA | Support Program | $500 |
| LIL Racers Club Lone Tree, IA | Support Program | $500 |
| Autism West Des Moines, IA | Support Program | $500 |
| Benton Ag Society Vinton, IA | Support Program | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $274 | $8,899 | $9,151 | $2,000 | 4 | $2,000 | $26 |
| 2023 | $526 | $12,688 | $12,162 | $4,247 | 4 | $4,247 | — |
Under IRS private-foundation payout rules, Keeping Racing Alive reported a distributable amount of $26 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Keeping Racing Alive is led by Rick Dripps, Director since 2024 (on filings since 2023) — the only officer listed, and uncompensated.
Officers on the 2024 filing
Rick Dripps
Director
President → Director, 2024
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2024. "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 Keeping Racing Alive
How much does Keeping Racing Alive give each year?
Keeping Racing Alive gave $2K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $4K across 4 grants.
What is Keeping Racing Alive's typical grant size?
Keeping Racing Alive's median grant in 2024 was $500, and its average grant was $500, across 4 grants on its 2024 IRS Form 990-PF.
Where does Keeping Racing Alive give grants?
Keeping Racing Alive gives mostly in Iowa: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Keeping Racing Alive give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on Keeping Racing Alive's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support Program" (4 grants).
How large is Keeping Racing Alive?
Keeping Racing Alive reported $274 in total assets on its 2024 IRS Form 990-PF. It paid out $2K in qualifying distributions that year, against a required minimum of $26 (roughly 5% of its investment assets).
What is Keeping Racing Alive?
Keeping Racing Alive is a private foundation focused on Recreation & Sports, based in Reinbeck, IA. It holds $274 in total assets as of 2024.
What is Keeping Racing Alive's EIN?
Keeping Racing Alive's EIN (Employer Identification Number) is 88-1200081. IRS Form 990 filing data is available on this page for 2023–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2023–2024
Live grants for the work Keeping Racing Alive funds
Recreation & Sports Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Keeping Racing Alive's focus areas in our free grants database
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