Charity Motors Inc
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Detroit, MI
- Founding
- 07/1996
- Data as of
- 12/2022
- EIN
- 38-3251827
Organization Overview
Charity Motors Inc is located in Detroit, MI. The organization was established in 1996. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Charity Motors Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charity Motors 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, Charity Motors Inc generated $1.1m 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 (20.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Charity Motors Inc has awarded 132 individual grants totaling $1,866,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TRANSPORTATION TO LOW-INCOME INDIVIDUALS AT BELOW FAIR MARKET VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED TRANSPORTATION ASSISTANCE TO OVER 5,000 UNDERPRIVILEGED NEEDY INDIVIDUALS AT A PRICE SIGNIFICANTLY BELOW FAIR MARKET VALUE TO HELP FOSTER PERSONAL DEVELOPMENT AND EDUCATIONAL ADVANCEMENT IN FURTHERANCE OF OUR MISSION OF HELPING THOSE IN NEED OF TRANSPORTATION. ALSO, PROVIDED FINANCIAL SUPPORT TO OVER ONE THOUSAND 501(C)(3) CHARITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norman A Yatooma President & Chairman | OfficerTrustee | 20 | $0 |
Edwin Murray Treasurer | OfficerTrustee | 5 | $0 |
Bobby Ivory Jr Vice-Chairman | OfficerTrustee | 5 | $0 |
Stephen Hendrix Operation Director | Officer | 40 | $79,889 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Transteam Logistics Towing | 12/30/21 | $151,490 |
Dependable Towing Llc Towing | 12/30/21 | $134,223 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,060,225 |
| Noncash contributions included in lines 1a–1f | $1,060,225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,060,225 |
| Total Program Service Revenue | $31,274 |
| Investment income | $487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,121 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,137,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $97,421 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $79,890 |
| Compensation of current officers, directors, key employees. | $39,945 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $99,532 |
| Payroll taxes | $26,408 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,089 |
| Fees for services: Accounting | $89,808 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,818 |
| Advertising and promotion | $177,945 |
| Office expenses | $7,786 |
| 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 | $925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,166 |
| Insurance | $50,497 |
| All other expenses | $98,203 |
| Total functional expenses | $1,537,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $286,084 |
| Prepaid expenses and deferred charges | $9,628 |
| Net Land, buildings, and equipment | $1,589,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,853 |
| Total assets | $2,140,495 |
| Accounts payable and accrued expenses | $2,643,732 |
| 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 | $41 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $120,000 |
| Total liabilities | $2,763,773 |
| Net assets without donor restrictions | -$759,446 |
| Net assets with donor restrictions | $136,168 |
| 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 | $2,140,495 |
Grants Awarded
Over the last fiscal year, Charity Motors Inc has awarded $42,158 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TAYLOR UNIVERSITY PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $10,000 |
YATOOMA'S FOUNDATION FOR THE KIDS PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $10,000 |
WOMEN OF TOMORROW PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $6,000 |
PANDA PAWS RESCUE PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $5,146 |
OAKLAND CHRISTIAN SCHOOL PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $5,500 |
CHILDREN'S HOSPITAL OF MICHIGAN FOUNDATION PURPOSE: TO PROVIDE FINANCIAL SUPPORT | $5,512 |