Friends Of Wheels
- Assets
- $879.5k
- Revenue
- $881.7k
- Investments
- $0.0
- Employees
- 5
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 42-1775449
Organization Overview
Friends Of Wheels is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2021, Friends Of Wheels employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Wheels 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 06/2021, Friends Of Wheels generated $881.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $556.5k during the year ending 06/2021. While expenses have increased by 5.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
FRIENDS OF WHEELS AMPLIFIES YOUTH AND COMMUNITY POWER BY INSPIRING, GUIDING AND ADVOCATING FOR YOUTH TO DETERMINE THEIR COLLEGE CAREER, AND LEADERSHIP FUTURES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CURRENTLY, FRIENDS OF WHEELS OFFERS A COMPREHENSIVE TRAJECTORY OF COLLEGE ACCESS AND SUCCESS PROGRAMS, AS WELL AS LEADERSHIP DEVELOPMENT AND CAREER PATHWAY EXPOSURE, TO GUIDE STUDENTS FROM THEIR EARLY HIGH SCHOOL YEARS THROUGH THE COMPLETION OF COLLEGE AND INTO A MEANINGFUL CAREER. THROUGH COACHING, PROGRAMMING AND GUIDANCE, WE HELP THEM SELECT, APPLY TO AND PREPARE FOR A BEST FIT COLLEGE, AND TO PERSIST ONCE THERE. WE ALSO OFFER PROGRAMS THAT HELP THEM DEVELOP LEADERSHIP SKILLS THAT WILL CONTRIBUTE TO LIFELONG SUCCESS, MOSTLY NOTABLY OUR CLEAN AIR GREEN CORRIDOR ENVIRONMENTAL LEADERSHIP PROGRAM. OUR SUCCESS IS CLEAR: THE MATRICULATION RATE FOR OUR STUDENTS IS 18% HIGHER THAN THE CITYWIDE AVERAGE, AND OUR STUDENTS' SIX-YEAR COLLEGE GRADUATION RATE IS 70%, WHICH IS MORE THAN DOUBLE THE NATIONWIDE AVERAGE OF FIRST-GENERATION COLLEGE STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Delano Executive Director | Officer | 40 | $101,338 |
Alex Roberto Director/chair | OfficerTrustee | 4 | $0 |
Mallory Calhoun Director | Trustee | 4 | $0 |
Brett Kimmel Director | Trustee | 4 | $0 |
Joel Perelmuth Director | Trustee | 4 | $0 |
Ashish Gupta Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $148,435 |
| Related organizations | $0 |
| Government grants | $24,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $708,199 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $881,624 |
| Total Program Service Revenue | $0 |
| Investment income | $81 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $881,705 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $625 |
| Grants and other assistance to domestic individuals. | $53,467 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $98,333 |
| Compensation of current officers, directors, key employees. | $10,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,487 |
| Payroll taxes | $24,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,779 |
| Information technology | $18,711 |
| 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 | $11,203 |
| Total functional expenses | $556,544 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $746,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,590 |
| 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 | $14,648 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $879,524 |
| Accounts payable and accrued expenses | $89,639 |
| 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 | $150,000 |
| Other liabilities | $0 |
| Total liabilities | $239,639 |
| Net assets without donor restrictions | $296,455 |
| Net assets with donor restrictions | $343,430 |
| 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 | $879,524 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Friends Of Wheels has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Sky Community Services Inc Worcester, MA | $49,353,222 | $95,640,760 |
Center For Family Services Inc Camden, NJ | $47,141,556 | $95,147,617 |
Bronx Parent Housing Network Inc Bronx, NY | $36,981,186 | $84,449,036 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
Toward Independent Living & Learning Inc Dedham, MA | $105,262,723 | $73,578,332 |
The Bridge Inc New York, NY | $39,348,732 | $57,559,803 |
Ability Beyond Disability Inc Bethel, CT | $36,674,739 | $52,693,685 |
Citizen Advocates Inc Malone, NY | $27,154,352 | $47,844,425 |
Continuum Of Care Inc New Haven, CT | $19,340,756 | $52,456,759 |
Jawonio Inc New City, NY | $45,101,853 | $45,626,177 |
Greatcare Inc New York, NY | $4,284,136 | $43,084,551 |
Yedei Chesed Inc Chestnut Ridge, NY | $23,307,240 | $44,946,201 |