Motor Racing Outreach 
The information on this page was last updated 9/28/2023. If you see errors or omissions, please email: [email protected]
Summary
MRO hopes to mobilize 200,000 believers worldwide to support the development of more young people who have a reason to face the future, more singles with a sense of fulfillment, more husbands and wives who honor one another, and more peaceful resolutions to disputes rather than bitterness and strife.
MRO is a, non-profit 501 (c)(3) organization founded in 1988 when founder Max Helton was summoned by three drivers on the NASCAR Winston Cup circuit to minister in their unusual situation, as racers, and their families, are rarely able to attend "normal" church services.
As MRO developed, a similar need was apparent in motorsports across the board, from automobiles to motorcycles to powerboats.
Contact information
Mailing address:
Motor Racing Outreach
5555 Concord Parkway S.
Concord, NC 28027-4600
Website: www.go2mro.com
Phone: (704) 455-3828
Email: [email protected]
Organization details
EIN: 581859610
CEO/President: Billy Mauldin Jr
Chairman: Darrell Waltrip
Board size: 20
Founder: Max Helton
Ruling year: 1997
Tax deductible: Yes
Fiscal year end: 12/31
Member of ECFA: Yes
Member of ECFA since: 1999
Purpose
Motor Racing Outreach ("MRO") is working to partner with other ministries, churches and organizations to mobilize 200,000 believers worldwide to support the development of more young people who have a reason to face the future, more singles with a sense of fulfillment, more husbands and wives who honor one another, and more peaceful resolutions to dispute rather than bitterness and regret.
MRO does this by working with the racing community, racers, and fans primarily in three ways.
Providing Care
The world of motor racing can be extremely stressful for the participants and their families due to the demands on personal time as well as the obvious physical dangers. MRO cares for the individuals by providing chaplaincy, counseling and visitation, and personal support through difficult times.
In the event of injury, MRO can relay information to the injured person's family, comfort them, and provide hospital transportation.
Included in our outreach to the families involved in racing, MRO utilizes a traveling Community Center which not only serves as a safe haven for children, but also as a focal point for programs for youth and adults. These units house class room space, recreational facilities and counseling rooms, while providing a venue for special events, family fun nights, marriage enrichment seminars, etc.
Sharing Knowledge
MRO offers opportunities for the racing community to learn and grow in knowledge of God through Life Issues studies held at the various race shops, prayer time (individually and collectively) and chapel services at the track.
Small group gatherings are offered on race weekends to further study and explore Biblical applications to their busy lives. Interested individuals can also arrange for private Bible study with an MRO chaplain.
MRO retreats designed to cultivate strong family and personal relationships and spiritual values and leadership are held annually and open to all members of the racing community.
In addition, MRO serves racing fans through an outreach at key racing events centered around a mobile 'church.' Music, entertainment and chapel services are presented in a location accessible to the many fans attending a race. This outreach also serves as a catalyst for networking with local churches, para-church organizations, and community groups. These groups serve to facilitate follow-up, counseling and on-going discipleship.
Leadership Development
MRO assists those in the racing community in developing leadership skills. Using Biblical principles, these individuals may become leaders in their local churches, initiate ministries of their own or begin the process of leading others to Christ and helping them grow in Christlikeness. It is our hope that as these Christian leaders rise up within the racing community, they will become positive role models for thousands of race fans at the track and around the world.
Mission statement
The mission of Motor Racing Outreach (MRO) is to introduce the racing community (racers and fans) to a personal faith in Christ, growth in Christlikeness, and active involvement in the church, through relationships that provide care, sharing knowledge of God's word, and assistance in developing their leadership skills.
Statement of faith
Motor Racing Outreach uses the following to express its Statement of Faith:
One God in three persons--Father, Son, and Holy Spirit.
The verbal inspiration of the whole Bible as God's infallible revelation to man.
Jesus Christ's deity, virgin birth, sinless humanity, substitutionary death, atoning blood, bodily resurrection; and ascension to heaven.
Salvation by faith in Christ alone, without works, and solely by grace.
The need of works to express gratitude and give a living demonstration of God's transforming power.
The resurrection of the body: eternal glory for believers in heaven, and everlasting punishment for unbelievers in hell.
The one true church, the body of Christ, consisting of all believers, regardless of race or social standing.
The need for spiritual growth through Bible study, prayer, witnessing, and involvement in a Bible-believing church.
Obedience to our Lord's command to lead people of all nations to faith and growth in Christlikeness.
Donor confidence score
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Fellowship Evangelism
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 506 of 1102 | 16 of 32 |
| Fund acquisition rating | | 761 of 1103 | 21 of 32 |
| Resource allocation rating | | 679 of 1103 | 20 of 32 |
| Asset utilization rating | | 140 of 1102 | 5 of 32 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 10% | 11% | 10% | 7% | 7% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 8% | 9% | 9% | 7% | 8% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 84% | 78% | 81% | 89% | 96% | 111% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 8% | 10% | 8% | 8% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 16% | 22% | 19% | 11% | 4% | -11% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 82% | 80% | 76% | 78% | 76% | 78% |
Spending ratio Spending ratio = Total expenses / Total revenue | 93% | 104% | 90% | 110% | 83% | 106% |
Program output ratio Program output ratio = Program services / Total revenue | 76% | 82% | 69% | 85% | 63% | 83% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 7% | -4% | 10% | -10% | 17% | -6% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 9% | -19% | 37% | -46% | 69% | -76% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 11% | 13% | 13% | 14% | 16% | 14% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.08 | 2.55 | 2.00 | 2.38 | 1.74 | 2.82 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.43 | 1.20 | 1.04 | 1.06 | 1.15 | 1.65 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.65 | 3.06 | 2.08 | 2.53 | 2.00 | 4.66 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 9.48 | 5.37 | 29.22 | 20.35 | 36.26 | 3.03 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.11 | 0.19 | 0.03 | 0.05 | 0.03 | 0.33 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.39 | 3.19 | 5.57 | 4.51 | 5.85 | 1.73 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 51% | 42% | 55% | 48% | 78% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 36% | 39% | 51% | 45% | 58% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 84% | 19% | 29% | 19% | 30% | 8% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $596,229 | $668,235 | $562,689 | $635,131 | $316,349 |
| Receivables, inventories, prepaids | $46,365 | $67,943 | $26,185 | $9,123 | $14,736 |
| Short-term investments | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $642,594 | $736,178 | $588,874 | $644,254 | $331,085 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $128,229 | $30,472 | $35,820 | $96,607 | $215,842 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $128,229 | $30,472 | $35,820 | $96,607 | $215,842 |
| Total assets | $770,823 | $766,650 | $624,694 | $740,861 | $546,927 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $26,920 | $25,192 | $28,938 | $17,767 | $109,243 |
| Other current liabilities | $92,643 | $0 | $0 | $0 | $0 |
| Total current liabilities | $119,563 | $25,192 | $28,938 | $17,767 | $109,243 |
| Debt | $277,243 | $297,706 | $315,499 | $334,626 | $315,514 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 |
| Total long-term liabilities | $277,243 | $297,706 | $315,499 | $334,626 | $315,514 |
| Total liabilities | $396,806 | $322,898 | $344,437 | $352,393 | $424,757 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $308,118 | $218,353 | $206,962 | $284,857 | $45,324 |
| With donor restrictions | $65,899 | $225,399 | $73,295 | $103,611 | $76,846 |
| Net assets | $374,017 | $443,752 | $280,257 | $388,468 | $122,170 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $1,485,154 | $1,374,488 | $1,204,008 | $1,482,302 | $1,611,046 |
| Program service revenue | $6,036 | $350 | $540 | $230 | $1,350 |
| Membership dues | $0 | $0 | $7,080 | $3,990 | $7,025 |
| Investment income | $0 | $0 | $0 | $64,647 | $0 |
| Other revenue | $408,089 | $320,074 | $147,483 | $797 | ($170,467) |
| Total other revenue | $414,125 | $320,424 | $155,103 | $69,664 | ($162,092) |
| Total revenue | $1,899,279 | $1,694,912 | $1,359,111 | $1,551,966 | $1,448,954 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $1,566,772 | $1,168,527 | $1,161,597 | $978,720 | $1,198,996 |
| Management and general | $248,732 | $206,650 | $201,471 | $203,177 | $222,315 |
| Fundraising | $153,510 | $156,240 | $125,254 | $103,771 | $120,687 |
| Total expenses | $1,969,014 | $1,531,417 | $1,488,322 | $1,285,668 | $1,541,998 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | ($69,735) | $163,495 | ($129,211) | $266,298 | ($93,044) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | ($69,735) | $163,495 | ($129,211) | $266,298 | ($93,044) |
Compensation
| Name | Title | Compensation |
| Billy Mauldin Jr | President | $101,967 |
Compensation data as of: 12/31/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 9/28/2023. To update the information below, please email: [email protected]