New Car Dealers Of Utah Goodwheels Charitable Foundation
- Assets
- $2.3m
- Revenue
- $111.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Murray, UT
- Founding
- 06/2008
- Data as of
- 12/2022
- EIN
- 26-1689125
Organization Overview
New Car Dealers Of Utah Goodwheels Charitable Foundation is located in Murray, UT. The organization was established in 2008. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. New Car Dealers Of Utah Goodwheels Charitable Foundation 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, New Car Dealers Of Utah Goodwheels Charitable Foundation generated $111.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $45.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE CHARITABLE EFFORTS OF INDIVIDUAL DEALERS TO HELP THEM GIVE BACK TO THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO UTILIZE THE RESOURCES, LEVERAGE, AND INFLUENCE OF UTAH'S FRANCHISED AUTOMOBILE DEALERS, THEIR ASSOCIATES, AND FRIENDS TO BECOME A RECOGNIZABLE FORCE FOR GOOD THROUGHOUT THE STATE RESULTING IN AN IMPROVED PERCEPTION OF UTAH'S AUTOMOBILE DEALERS AND TO ALSO SERVE AS A RESOURCE TO STRENGTHEN THE CHARITABLE AND PUBLIC RELATIONS EFFORTS OF INDIVIDUAL DEALERS HELPING THEM TO "GIVE BACK" TO THEIR COMMUNITIES. THESE EFFORTS ARE DESIGNED TO BENEFIT THE CITIZENS OF UTAH BECAUSE OF THE NEEDS BEING SERVED BY THE VARIOUS CONTRIBUTIONS BEING MADE.DURING 2022, THE ORGANIZATION HELD A GOLF TOURNAMENT TO PROVIDE GRANTS AND ASSISTANCE TO THE UTAH HIGHWAY PATROL AND A DONATION TO UKRAINE THROUGH UNICEF, USA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Watson President/bd. Chair | OfficerTrustee | 0.5 | $0 |
Craig Bickmore Secr-Treas | OfficerTrustee | 1 | $0 |
Kent Peterson Director | Trustee | 0.5 | $0 |
Rob Droubay Director | Trustee | 0.5 | $0 |
Rob Kastelic Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $80,081 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,081 |
| Total Program Service Revenue | $0 |
| Investment income | $42,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,111 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,082 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,227 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,043 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,487 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,167 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $45,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $399,642 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $93 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,863,385 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,263,120 |
| Accounts payable and accrued expenses | $293 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,044 |
| Total liabilities | $1,337 |
| Net assets without donor restrictions | $2,261,783 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,263,120 |
Grants Awarded
Over the last fiscal year, New Car Dealers Of Utah Goodwheels Charitable Foundation has awarded $15,227 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UTAH HIGHWAY PATROL PURPOSE: DRUNK DRIVING BLITZ | $10,000 |
UNICEF USA PURPOSE: UKRAINE ASSISTANCE | $5,227 |