Wheels Trust Organization Inc
- Assets
- $340.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brighton, MI
- Founding
- 10/1998
- Data as of
- 12/2023
- 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 12/2023, Wheels Trust Organization Inc generated $40.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $49.3k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 9 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
2023
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 |
|---|---|---|---|
Stephen J Vines President | 10 | $0 | |
Stephan Anderson Treasurer | 20 | $0 | |
Edward Barnes Secretary | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,302 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $6,078 |
| Other Revenue | $0 |
| Total Revenue | $40,380 |
| 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 | $650 |
| Occupancy, rent, utilities, and maintenance | $29,465 |
| Printing, publications, postage, and shipping | $1,185 |
| Other expenses | $17,977 |
| Total expenses | $49,277 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,872 |
| Other assets | $0 |
| Total assets | $340,214 |
| Total liabilities | $0 |
| Net assets or fund balances | $340,214 |