America Can Cars For Kids
- Assets
- $4.2m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 49
- Location
- Dallas, TX
- Founding
- 02/2014
- Data as of
- 06/2022
- EIN
- 46-2077931
Organization Overview
America Can Cars For Kids, operating under the name Texans Can Cars For Kids, is located in Dallas, TX. The organization was established in 2014. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Texans Can Cars For Kids employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texans Can Cars For Kids 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 06/2022, Texans Can Cars For Kids generated $12.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $14.0m during the year ending 06/2022. While expenses have increased by 7.9% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE SOLICIT DONATIONS TO HELP KIDS GRADUATE TO GIVE THEM AN OPPORTUNITY TO BUILD A BETTER FUTURE.
Describe the Organization's Program Activity:
CAR DONATION PROGRAM TO RAISE MONEY AND PROVIDE GRANTS TO AMERICA CAN! DBA TEXANS CAN!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Malcolm Wentworth Former CEO - 7/1/21-4/25/22 | 40 | $307,034 | |
Erica Black Chief Compliance Officer | 40 | $147,538 | |
Colin Weatherwax CEO - 4/25/22-6/30/22 | Officer | 40 | $143,095 |
Rudy Oeftering Chairman | OfficerTrustee | 10 | $0 |
Regina M Thompson Vice Chairman | OfficerTrustee | 10 | $0 |
Michael T Casey Treasurer | OfficerTrustee | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cumulus - Dallas Market Advertising | 6/29/22 | $1,099,119 |
Sirius Satellite Radio Inc Advertising | 6/29/22 | $560,605 |
Logistics Marketing Group Llc Advertising | 6/29/22 | $1,092,272 |
Checo's Towing Towing | 6/29/22 | $431,622 |
Wfaa Advertising | 6/29/22 | $422,979 |
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 | $12,196,992 |
| Noncash contributions included in lines 1a–1f | $12,196,992 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,196,992 |
| Total Program Service Revenue | $158,265 |
| Investment income | $201 |
| 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 | $12,374,341 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,496,356 |
| 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. | $500,440 |
| Compensation of current officers, directors, key employees. | $50,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,429,191 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $245,414 |
| Payroll taxes | $128,212 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $796,407 |
| Fees for services: Accounting | $39,988 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,309 |
| Advertising and promotion | $5,342,923 |
| Office expenses | $31,093 |
| Information technology | $390,913 |
| Royalties | $0 |
| Occupancy | $192,673 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,704 |
| Insurance | $85,588 |
| All other expenses | $263,457 |
| Total functional expenses | $14,032,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,308 |
| Savings and temporary cash investments | $250,000 |
| 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 | $904,393 |
| Prepaid expenses and deferred charges | $127,746 |
| Net Land, buildings, and equipment | $2,403,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,240,577 |
| Accounts payable and accrued expenses | $778,234 |
| 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 | $168,511 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $946,745 |
| Net assets without donor restrictions | $0 |
| 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 | $3,293,832 |
| Total liabilities and net assets/fund balances | $4,240,577 |
Grants Awarded
Over the last fiscal year, America Can Cars For Kids has awarded $3,496,356 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: GENERAL OPERATIONS | $3,436,356 |
San Diego, CA PURPOSE: GENERAL OPERATIONS | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that America Can Cars For Kids has recieved totaling $6,001.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,800 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |
Mccombs School Of Business Foundation Austin, TX | $43,764,563 | $20,383,837 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |