Wheels Trust Organization Inc
- Assets
- $349.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 10/1998
- Data as of
- 12/2022
- EIN
- 38-3311442
Organization Overview
Wheels Trust Organization Inc is located in Brighton, MI. The organization was established in 1998. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheels Trust Organization Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Wheels Trust Organization Inc generated $34.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $43.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE FACILITIES TO CONDUCT MEETINGS AND SOCIAL ACTIVITIES FOR 50 MEMBERS OF A MOTORCYCLE SOCIAL ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Borio President | 10 | $0 | |
Stephan Anderson Treasurer | 20 | $0 | |
Shane Sherrill Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $27,600 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,385 |
| Other Revenue | $0 |
| Total Revenue | $33,985 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $25,739 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,846 |
| Total expenses | $43,585 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $45,369 |
| Other assets | $0 |
| Total assets | $349,111 |
| Total liabilities | $0 |
| Net assets or fund balances | $349,111 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stanley Frankel And Judith Frankel Support Foundation Bloomfield Hills, MI | $0 | $41,274 |
Ferris Foundation Big Rapids, MI | $118,188,680 | $12,993,679 |
William H Davis & Dorothy M Davis & William C Davis Foundation Columbus, OH | $50,622,304 | $3,999,336 |
Traditions At Mill Run Columbus, OH | $9,179,158 | $5,528,068 |
Gordon Christian Trust Grand Rapids, MI | $67,207,482 | $18,378,082 |
Lang Rachel Boyce Charitable Trust Xxx-Xx-Xxxx Youngstown, OH | $0 | $17,968 |
Stanita Foundation Greenwood, IN | $37,315,806 | $4,060,296 |
College Properties Of Lorain County Inc Oberlin, OH | $42,105,647 | $1,116,823 |
Ethel And James Flinn Foundation Detroit, MI | $60,556,693 | $4,592,274 |
Andrew Squire Testamentary Tr Brooklyn, OH | $55,206,125 | $2,759,650 |
Elma M Lapp Foundation Cincinnati, OH | $48,551,204 | $2,777,654 |
James And Angela Hambrick Foundation Beachwood, OH | $47,675,714 | $9,104,486 |