Inner Wheel Foundation
- Assets
- $2.3m
- Revenue
- $286.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Haines City, FL
- Founding
- 12/1989
- Data as of
- 06/2022
- EIN
- 58-1849058
Organization Overview
Inner Wheel Foundation is located in Haines City, FL. The organization was established in 1989. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inner Wheel 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 06/2022, Inner Wheel Foundation generated $286.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $112.2k during the year ending 06/2022. While expenses have increased by 9.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS FORMED TO ESTABLISH A MYOELECTRIC LIMB BANK THAT RECYCLES AND REFURBISHES MYOELECTRIC HAND PARTS & COMPONENTRY FOR CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION HAS ESTABLISHED A NATIONAL MYOELECTRIC LIMB BANK THAT LINKS REGIONAL CENTERS AT ACCREDITED FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Harris Secretary | OfficerTrustee | 1 | $0 |
Maggie Spears Chairperson | OfficerTrustee | 5 | $0 |
Deloris Donnelly Vice Chairperson | OfficerTrustee | 3 | $0 |
Annelise Graf Financial Officer | OfficerTrustee | 5 | $0 |
Gloria Vasconcellos Vice President | OfficerTrustee | 0 | $0 |
Patricia Picard Immediate Past Chair | OfficerTrustee | 0 | $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 | $121,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $121,523 |
| Total Program Service Revenue | $0 |
| Investment income | $51,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $112,931 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $286,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,000 |
| 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. | $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 | $2,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $21,146 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,407 |
| Information technology | $42 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,655 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $478 |
| All other expenses | $0 |
| Total functional expenses | $112,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $55,323 |
| Savings and temporary cash investments | $168,011 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,340 |
| 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 | $2,098,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,324,015 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $2,324,015 |
| 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 | $2,324,015 |
Grants Awarded
Over the last fiscal year, Inner Wheel Foundation has awarded $65,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MYOELECTRIC LIMB BANK CENTER HANGER PROSTHETICS & ORTHOTICS PURPOSE: FUNDS WERE USED TO RECYCLE, REFURBISH AND FABRICATE MYOELECTRIC HAND PARTS FOR CHILDREN. | $22,500 |
MYOELECTRIC LIMB BANK CENTER HANGER PROSTHETICS & ORTHOTICS PURPOSE: FUNDS WERE USED TO RECYCLE, REFURBISH AND FABRICATE MYOELECTRIC HAND PARTS FOR CHILDREN. | $22,500 |
Wales, ME PURPOSE: CAMP PROGRAM FOR CHILDREN WITH LIMB DEFICIENCIES. | $10,000 |
Wales, ME PURPOSE: CAMP PROGRAM FOR CHILDREN WITH LIMB DEFICIENCIES. | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Inner Wheel Foundation has recieved totaling $90.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $90 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Villa Maria Nursing & Rehabilitation Center North Miami, FL | $74,051,902 | $42,285,148 |
Brooks Home Care Advantage Jacksonville, FL | $27,185,967 | $30,084,439 |
St Johns Rehabilitation Hospital And Nursing Center Inc Lauderdale Lakes, FL | $12,416,490 | $24,099,788 |
Community Rehabilitation Services Inc Gray, GA | $3,448,573 | $22,871,503 |
Easter Seals Florida Inc Winter Park, FL | $11,713,801 | $22,209,603 |
Easter Seals Alabama Inc Montgomery, AL | $21,255,632 | $21,511,828 |
East Orlando Health & Rehab Center Inc Orlando, FL | $22,452,002 | $18,549,268 |
Crystal Lake Supportive Environments Inc Orlando, FL | $10,191,408 | $17,532,188 |
Easter Seals South Florida Inc Miami, FL | $14,129,797 | $13,608,205 |
Easter Seals Southern Georgia Inc Albany, GA | $7,171,282 | $10,180,657 |
Physical Medicine Specialist Inc Jacksonville, FL | $2,007,904 | $8,226,231 |
Easterseals Northeast Central Florida Inc Daytona Beach, FL | $8,425,195 | $12,547,402 |