Wheels Global Foundation
- Assets
- $259.9k
- Revenue
- $489.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Reston, VA
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 46-2376177
Organization Overview
Wheels Global Foundation is located in Reston, VA. The organization was established in 2013. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheels Global Foundation 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, Wheels Global Foundation generated $489.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $422.8k during the year ending 12/2021. While expenses have increased by 22.3% 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.
Since 2017, Wheels Global Foundation has awarded 23 individual grants totaling $472,417. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION HAS BEEN ORGANIZED TO OPERATE FOR CHARITABLE, EDUCATIONAL PURPOSES AND PROMOTING SOCIAL WELFARE GLOBALLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS ARE COLLECTED PRIMARILY FOR US CHARITIES THAT MAKE CONTRIBUTIONS IN INDIA TOWARDS WATER, HEALTH, EDUCATION, ENERGY, LIVELIHOOD AND SUSTAINABILITY WHEELS PROGRAMS FOR GENERAL PUBLIC IN RURAL AND BACKWARD AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rajat Gupta Chairman | Trustee | 5 | $0 |
Hiten Ghosh President Emeritus | Trustee | 5 | $0 |
Suresh Shenoy President | Trustee | 5 | $0 |
Gulab Bhavnani Director | Trustee | 5 | $0 |
Ron Mehta Director | Trustee | 5 | $0 |
Dr Raj Shah Chairman, Health Council | Trustee | 5 | $0 |
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 | $489,144 |
| Noncash contributions included in lines 1a–1f | $130,123 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $489,144 |
| Total Program Service Revenue | $0 |
| Investment income | $48 |
| 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 | $489,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $266,181 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $132,650 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,280 |
| Office expenses | $325 |
| Information technology | $6,258 |
| 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 | $496 |
| Interest | $41 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,520 |
| All other expenses | $0 |
| Total functional expenses | $422,815 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $225,850 |
| Savings and temporary cash investments | $33,129 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $911 |
| Total assets | $259,890 |
| Accounts payable and accrued expenses | $0 |
| 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 | $7,500 |
| Other liabilities | $303 |
| Total liabilities | $7,803 |
| Net assets without donor restrictions | $111,868 |
| Net assets with donor restrictions | $140,219 |
| 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 | $259,890 |
Grants Awarded
Over the last fiscal year, Wheels Global Foundation has awarded $279,759 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
IIT DELHI EXCELLENCE FOUNDATION | | | $148,976 |
EVOLKO SYSTEMS INC PURPOSE: Covid Kits | $88,718 |
Fairfax Station, VA | | $31,478 |
NEW YORK UNIVERSITY SCHOOL | | | $10,000 |
PAN IIT INC | | | $587 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Wheels Global Foundation has recieved totaling $60,731.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $53,097 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $6,615 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $19 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Foundation For Electoral Systems Arlington, VA | $29,872,159 | $76,376,806 |
Kingsway Charities Inc Bristol, VA | $22,739,501 | $63,381,174 |
Operation Smile Inc Virginia Beach, VA | $94,902,554 | $85,245,515 |
Ipas Chapel Hill, NC | $140,923,971 | $66,162,811 |
Aga Khan Foundation Usa Washington, DC | $514,583,753 | $79,966,800 |
Internet Society Reston, VA | $66,935,347 | $44,092,152 |
Ashoka Arlington, VA | $82,475,010 | $42,522,077 |
New Israel Fund Washington, DC | $34,542,949 | $49,845,790 |
Handicap International Silver Spring, MD | $15,927,332 | $32,015,204 |
Rainforest Trust Warrenton, VA | $101,886,271 | $70,481,732 |
U S Dairy Export Council Inc Arlington, VA | $16,612,208 | $30,970,567 |
Inmed Partnerships For Children Inc Sterling, VA | $1,243,329 | $2,714,257 |