Put On The Brakes Inc
- Assets
- $3.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Concord, NC
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-2176362
Organization Overview
Put On The Brakes Inc is located in Concord, NC. The organization was established in 2009. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Put On The Brakes Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Put On The Brakes 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 12/2023, Put On The Brakes Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. While expenses have increased by 4.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PREVENT INJURIES AND SAVE LIVES BY TRAINING AND EDUCATING TEENAGE DRIVERS AND THEIR PARENTS ABOUT THE IMPORTANCE OF SAFE AND RESPONSIBLE DRIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EDUCATION AND TRAINING TO INEXPERIENCED, YOUNG DRIVERS THROUGH DRIVING SCHOOLS. THESE SCHOOLS TEACH SAFE DRIVING TECHNIQUES AND THE DANGERS OF DISTRACTED DRIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Herbert President/ex | OfficerTrustee | 40 | $150,000 |
Richard Paysor Chairman | OfficerTrustee | 1 | $0 |
Dave Dobson Secretary | OfficerTrustee | 1 | $0 |
Carolyn Bechtel Director | Trustee | 1 | $0 |
Steve Johnson Director | Trustee | 1 | $0 |
Wanda Miller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $238,416 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,900,311 |
| Noncash contributions included in lines 1a–1f | $55,525 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,138,727 |
| Total Program Service Revenue | $748,876 |
| Investment income | $68,424 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $268,431 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,140 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,229,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $22,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $549,648 |
| Pension plan accruals and contributions | $17,038 |
| Other employee benefits | $90,609 |
| Payroll taxes | $54,616 |
| Fees for services: Management | $10,306 |
| Fees for services: Legal | $4,080 |
| Fees for services: Accounting | $5,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,123 |
| Advertising and promotion | $19,671 |
| Office expenses | $24,323 |
| Information technology | $9,765 |
| Royalties | $0 |
| Occupancy | $186,255 |
| Travel | $762,834 |
| 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 | $29,658 |
| Insurance | $48,904 |
| All other expenses | $359,574 |
| Total functional expenses | $3,855,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,008,321 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,066 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $185,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $34,450 |
| Other assets | $15,878 |
| Total assets | $3,258,004 |
| Accounts payable and accrued expenses | $137,514 |
| 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 | $0 |
| Total liabilities | $137,514 |
| Net assets without donor restrictions | $2,884,490 |
| Net assets with donor restrictions | $236,000 |
| 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 | $3,258,004 |