Wings And Wheels Foundation Inc
- Assets
- $782.1k
- Revenue
- $1.1m
- Investments
- $185.5k
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- Data as of
- 12/2022
- EIN
- 85-3948742
Organization Overview
Wings And Wheels Foundation Inc is located in Indianapolis, IN. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wings And Wheels Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wings And Wheels Foundation Inc generated $1.1m in total revenue. All expenses for the organization totaled $355.8k during the year ending 12/2022. While expenses have increased by 66.9% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION DOES NOT DIRECTLY PARTICIPATE IN CHARITABLE ACTIVITIES. THE ACTIVITIES OF THE DIRECTORS ARE LIMITED TO THE ADMINISTRATION OF GRANTS TO QUALIFIED INDIVIDUALS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Mcalister President | 5 | $0 | |
Alora Mcalister Vice President | 5 | $0 | |
Karen Workman Secretary/treasurer | 5 | $1,166 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,107,535 |
| Interest on Savings | $0 |
| Dividends & Interest | $13,581 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$49,475 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,071,641 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,166 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $338 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $145,242 |
| Total operating and administrative expenses | $156,120 |
| Contributions, gifts, grants paid | $199,720 |
| Total expenses and disbursements | $355,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $179,064 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $417,500 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $185,517 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $782,081 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wings And Wheels Foundation Inc has awarded $199,720 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
AARON JEANSONNE PURPOSE: SCHOLARSHIP FOR RACE CAR TRAINING | $100,000 |
ELVIS RANKIN PURPOSE: SCHOLARSHIP FOR RACE CAR TRAINING | $71,620 |
HAYDEN BRADLEY PURPOSE: SCHOLARSHIP FOR RACE CAR TRAINING | $4,600 |
NICHOLAS GLAZIER PURPOSE: SCHOLARSHIP FOR RACE CAR TRAINING | $23,500 |