Wheels Of Success Inc
- Assets
- $664.6k
- Revenue
- $755.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Tampa, FL
- Founding
- 03/2004
- Data as of
- 06/2022
- EIN
- 56-2372792
Organization Overview
Wheels Of Success Inc is located in Tampa, FL. The organization was established in 2004. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Wheels Of Success Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wheels Of Success 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 06/2022, Wheels Of Success Inc generated $755.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $466.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 6 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION HELPS FAMILIES OBTAIN OR CONTINUE WORK BY PROVIDING THEM RELIABLE TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP NEEDY FAMILIES OBTAIN OR CONTINUE TO WORK BY PROVIDING THEM WITH RELIABLE TRANSPORTATION THROUGH A PROGRAM OF CAR REPAIRS, VEHICLE REPLACEMENT, RELATED LICENSING SERVICES, CAR PAYMENT, DOWN PAYMENTS, AND CAR-CARE CLASSES IN THE TRI-COUNTY TAMPA BAY AREA.
TO HELP NEEDY FAMILIES OBTAIN OR CONTINUE TO WORK BY PROVIDING THEM WITH RELIABLE TRANSPORTATION THROUGH A PROGRAM OF CAR REPAIRS, VEHICLE REPLACEMENT, RELATED LICENSING SERVICES, CAR PAYMENT, DOWN PAYMENTS, AND CAR-CARE CLASSES IN THE TRI-COUNTY TAMPA BAY AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Jacobs President & | OfficerTrustee | 40 | $77,514 |
Eric Nowak Chairman | OfficerTrustee | 2 | $0 |
John Punzak Secrtary/tre | OfficerTrustee | 2 | $0 |
Danna Haydar ESQ Board Member | Trustee | 2 | $0 |
James Esner Board Member | Trustee | 2 | $0 |
Virnitia Hendricks Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $581,025 |
| Noncash contributions included in lines 1a–1f | $230,773 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $601,858 |
| Total Program Service Revenue | $21,093 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,336 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,592 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $755,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200 |
| Grants and other assistance to domestic individuals. | $171,703 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,514 |
| Compensation of current officers, directors, key employees. | $7,751 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,967 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,317 |
| Payroll taxes | $8,659 |
| Fees for services: Management | $400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,094 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,830 |
| Advertising and promotion | $2,441 |
| Office expenses | $4,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $91,541 |
| Travel | $614 |
| 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 | $4,656 |
| All other expenses | $0 |
| Total functional expenses | $466,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $22,109 |
| Accounts receivable, net | $32,668 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $352,263 |
| Prepaid expenses and deferred charges | $4,121 |
| Net Land, buildings, and equipment | $15,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,774 |
| Total assets | $664,583 |
| Accounts payable and accrued expenses | $1,835 |
| 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 | $0 |
| Other liabilities | $2,306 |
| Total liabilities | $4,141 |
| Net assets without donor restrictions | $629,539 |
| Net assets with donor restrictions | $30,903 |
| 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 | $664,583 |
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