Motor Racing Outreach

Summary

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 a local church, through relationships that provide care, sharing knowledge of God's word, and assistance in developing their leadership skills.

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:
5555 Concord Pkwy. S.
Smith Tower, Suite 405
Concord, NC 28027-4600

Website: www.go2mro.com

Phone: (704) 455-3828

Email: info@go2mro.com


Organization details

EIN: 581859610

CEO/President: Mr. Billy Mauldin

Chairman: Mr. Darrell Waldtrip

Board size: 20

Founder: Mr. Max Helton

Year founded: 1988

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

Motor Racing Outreach("MRO") uses the following to express its mission:

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.

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Fellowship Evangelism

CategoryRatingOverall rankSector rank
Overall efficiency rating232 of 66010 of 23
Fund acquisition rating364 of 66211 of 23
Resource allocation rating314 of 66214 of 23
Asset utilization rating151 of 6607 of 23

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
8%8%6%9%10%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%8%6%9%9%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
83%99%98%99%95%99%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%8%6%8%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
17%1%2%1%5%1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
82%78%78%76%72%76%
Spending ratio Spending ratio =
Total expenses /
Total revenue
101%106%98%110%99%88%
Program output ratio Program output ratio =
Program services /
Total revenue
79%83%76%83%71%68%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
-1%-6%2%-10%1%12%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
0%-76%16%-108%4%55%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
12%14%16%16%19%16%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.742.903.133.992.502.56
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.651.651.622.041.781.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
3.254.805.078.124.462.68
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
6.272.413.502.726.445.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.160.410.290.370.160.18
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
2.801.471.690.942.273.68
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
13%78%59%66%49%39%
Debt ratio Debt ratio =
Debt /
Total assets
0%53%42%48%40%22%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
49%8%13%9%21%24%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$316,349$315,608$249,623$383,442$556,885
Receivables, inventories, prepaids$14,736$11,053$12,086$28,034$6,880
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$331,085$326,661$261,709$411,476$563,765
Long-term investments$0$0$0$0$0
Fixed assets$215,842$202,105$271,272$321,029$26,720
Other long-term assets$0$0$0$0$0
Total long-term assets$215,842$202,105$271,272$321,029$26,720
Total assets$546,927$528,766$532,981$732,505$590,485
 
Liabilities20192018201720162015
Payables and accrued expenses$109,243$57,185$61,486$30,866$20,924
Other current liabilities$27,890$36,141$34,565$33,059$79,273
Total current liabilities$137,133$93,326$96,051$63,925$100,197
Debt$287,624$220,226$256,177$291,878$129,475
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$287,624$220,226$256,177$291,878$129,475
Total liabilities$424,757$313,552$352,228$355,803$229,672
 
Net assets20192018201720162015
Unrestricted$45,324$138,310$20,917$239,680$270,476
Temporarily restricted$76,846$76,904$159,836$137,022$90,337
Permanently restricted$0$0$0$0$0
Net assets$122,170$215,214$180,753$376,702$360,813
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$1,484,494$1,657,493$1,909,845$1,756,781$1,693,895
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$0$0$0$0$0
Other revenue$10,146$31,508$19,923$92,884$16,570
Total other revenue$10,146$31,508$19,923$92,884$16,570
Total revenue$1,494,640$1,689,001$1,929,768$1,849,665$1,710,465
 
Expenses20192018201720162015
Program services$1,244,682$1,286,843$1,609,232$1,321,128$1,157,381
Management and general$222,315$262,938$343,561$344,185$242,142
Fundraising$120,687$104,759$172,924$168,463$113,594
Total expenses$1,587,684$1,654,540$2,125,717$1,833,776$1,513,117
 
Change in net assets20192018201720162015
Surplus (deficit)($93,044)$34,461($195,949)$15,889$197,348
Other changes in net assets$0$0$0$0$0
Total change in net assets($93,044)$34,461($195,949)$15,889$197,348

Response from ministry

No response has been provided by this ministry.


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