Changinggears Inc
- Assets
- $588.5k
- Revenue
- $535.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Cincinnati, OH
- Founding
- 08/2011
- Data as of
- 12/2021
- EIN
- 45-0612130
Organization Overview
Changinggears Inc is located in Cincinnati, OH. The organization was established in 2011. 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 12/2021, Changinggears Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Changinggears 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 12/2021, Changinggears Inc generated $535.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $529.7k during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 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
TO EMPOWER PEOPLE WHO ARE WORKING TOWARDS PROSPERITY BY PROVIDING AFFORDABLE TRANSPORTATION SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REPAIR AND SALES ACTIVITIES FOR DONATED VEHICLES THAT ARE SOLD OUTSIDE OF PROGRAM SERVICES. CHANGINGGEARS ACCEPTS DONATED VEHICLES IN ANY CONDITION. VEHICLES THAT ARE NOT APPROPRIATE FOR USE IN THE PROGRAM SERVICES ARE SOLD TO THE PUBLIC AND THE REVENUE IS USED TO SUPPORT PROGRAM SERVICES.
VEHICLE PURCHASE PROGRAM - SOLD 19 VEHICLES TO QUALIFIED CLIENTS. DONATED VEHICLES ARE RESTORED AND SOLD AT HALF-OFF WITH A NO-INTEREST LOAN.
VEHICLE MAINTENANCE & REPAIR PROGRAMS - PERFORMED 208 MAINTENANCE AND REPAIR SERVICES FOR QUALIFIED CLIENTS. VEHICLE MAINTENANCE & REPAIRS ARE PERFORMED AT HALF-OFF.
BRIDGE PROGRAM - PROVIDES APPROVED CLIENTS WITH AFFORDABLE ACCESS TO A VEHICLE WITH NO UP-FRONT COSTS. CLIENTS PAY A MONTHLY FEE THAT INCLUDES ALL VEHICLE REPAIRS AND MAINTENANCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Bokelman Director & Executive Direc | OfficerTrustee | 45 | $59,631 |
Tim Burgoyne Vice President | OfficerTrustee | 2 | $0 |
Austin Musser President | OfficerTrustee | 1 | $0 |
Stephen Heinzman Secretary | OfficerTrustee | 1 | $0 |
David Whitmer Treasurer | OfficerTrustee | 1 | $0 |
Brad Trauth Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,957 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $420,919 |
| Noncash contributions included in lines 1a–1f | $188,396 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,876 |
| Total Program Service Revenue | $55,544 |
| Investment income | $47 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$26,552 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $79,446 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $535,361 |
| 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. | $59,632 |
| Compensation of current officers, directors, key employees. | $41,742 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $209,910 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,506 |
| Advertising and promotion | $14,210 |
| Office expenses | $51,083 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,576 |
| Travel | $161 |
| 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 | $9,681 |
| Insurance | $9,153 |
| All other expenses | $17,815 |
| Total functional expenses | $529,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,987 |
| Savings and temporary cash investments | $164,107 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,625 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,509 |
| Prepaid expenses and deferred charges | $11,250 |
| Net Land, buildings, and equipment | $39,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $588,508 |
| Accounts payable and accrued expenses | $20,343 |
| 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 | $80,960 |
| Other liabilities | $0 |
| Total liabilities | $101,303 |
| Net assets without donor restrictions | $487,205 |
| 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 | $588,508 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Changinggears Inc has recieved totaling $56,459.
| Awarding Organization | Amount |
|---|---|
Greater Cincinnati Foundation Cincinnati, OH PURPOSE: GENERAL PURPOSE | $21,000 |
Elsa M Heisel Sule Charitable Trust Ft Mitchell, KY PURPOSE: PROGRAM SUPPORT | $10,000 |
Ed & Joann Hubert Family Foundation Inc Bellevue, KY PURPOSE: CIVIC | $10,000 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $10,000 |
Amgis Foundation Inc Medina, NY PURPOSE: FUND 501(C)(3) ORG. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Macomb Oakland Regional Center Inc Clinton Township, MI | $34,712,756 | $87,127,217 |
Senior Health Properties-South Inc Bala Cynwyd, PA | $22,024,850 | $74,814,140 |
Ohio Living Holdings Westerville, OH | $9,052,370 | $48,267,325 |
Liberty Resources Inc Philadelphia, PA | $18,036,201 | $40,722,801 |
Merakey Woodhaven Lafayette Hill, PA | $6,648,494 | $26,455,348 |
Life Circles Muskegon, MI | $20,352,108 | $31,605,005 |
Community Resources For Independence Inc Erie, PA | $35,040,174 | $18,257,057 |
Adec Inc Bristol, IN | $35,707,130 | $22,045,756 |
Council Of Three Rivers American Indian Center Inc Pittsburgh, PA | $2,198,563 | $19,524,702 |
Training & Treatment Innovations Inc Oxford, MI | $4,219,988 | $19,202,444 |
Intercommunity Action Incorporated Philadelphia, PA | $14,614,293 | $19,901,552 |
Spectrum Community Services Inc Allentown, PA | $6,288,427 | $19,062,960 |