In 2006, the International Kart Federation established the Lake Speed Achievement of Excellence karting award in honor of the 1978 World Karting Champion. The award was presented for the first time at the IKF 2-Cycle Sprint Grand Nationals August 3–6 at Fontana, California. The inaugural recipient was Matt Johnson of Las Vegas, Nevada. Nick Johnston of Northridge, California was awarded the honor in 2007. The award went to Taylor Miinch in 2008 and Mike Botelho Jr in 2009. And youngest winner of the award went to Ryan Schartau of Chino, California in 2013. The recipient of the award could be a driver, team, kart shop or any combination thereof, and the winner is determined primarily on sportsmanship, driving achievement and professionalism during the race event.