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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$274
-47.9% YoY
Annual Giving
$2K
-52.9% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$500
-52.9% YoY
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.
About Keeping Racing Alive
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 |
|---|---|---|
| Total Assets | $274 | $526 |
| Revenue | $8,899 | $12,688 |
| Expenses | $9,151 | $12,162 |
| Qualifying Distributions | $2,000 | $4,247 |
| Net Investment Income | — | — |
| Distributable Amount | $26 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Iowa Donor Network ($500), Lil Racers Club ($500), Autism ($500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICK DRIPPS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Keeping Racing Alive?
As of 2024, Keeping Racing Alive holds $274 in total assets with $9K in annual revenue. It awarded 4 grants totaling $2K in 2024.
Where does Keeping Racing Alive operate?
Keeping Racing Alive has awarded grants in Iowa.
What size grants does Keeping Racing Alive award?
In 2024, Keeping Racing Alive awarded 4 grants totaling $2K — an average of about $500 per grant, based on its IRS Form 990 filings.
How much is Keeping Racing Alive required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Keeping Racing Alive reported a distributable amount of $26 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Keeping Racing Alive's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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