Cars 4 Kids Foundation Inc
- Assets
- $90.9k
- Revenue
- $255.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Salt Lake City, UT
- Founding
- 04/2017
- Data as of
- 12/2021
- EIN
- 82-0924750
Organization Overview
Cars 4 Kids Foundation Inc is located in Salt Lake City, UT. The organization was established in 2017. According to its NTEE Classification (P01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cars 4 Kids Foundation 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, Cars 4 Kids Foundation Inc generated $255.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.6% each year . All expenses for the organization totaled $610.4k during the year ending 12/2021. 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
HOSTING CHARITABLE EVENTS BENEFITING CHILDREN'S ORGANIZATIONS THROUGHOUT UTAH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVENTS TO BENEFIT CHILDREN'S ORGANIZATIONS THROUGHOUT UTAH.
EVENTS TO BENEFIT CHILDREN'S ORGANIZATIONS THROUGHOUT UTAH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zak Elfervig Officer & Di | OfficerTrustee | $0 | |
Analee Elfervig Officer & Di | OfficerTrustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $495,309 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$240,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $255,309 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,985 |
| 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 | $2,050 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $463,576 |
| Advertising and promotion | $32,914 |
| Office expenses | $15,878 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,967 |
| All other expenses | $0 |
| Total functional expenses | $610,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,854 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $90,854 |
| Accounts payable and accrued expenses | $22,546 |
| 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 | $22,546 |
| Net assets without donor restrictions | $68,308 |
| 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 | $90,854 |
Grants Awarded
Over the last fiscal year, Cars 4 Kids Foundation Inc has awarded $19,314 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Salt Lake City, UT PURPOSE: CHARITABLE | $12,500 |
Salt Lake City, UT | | $6,814 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cars 4 Kids Foundation Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $10,000 |
Ssir Cares Inc Park City, UT PURPOSE: PROVIDE COMFORT HAPPINIESS AND MONETARY SUPPORT TO CRITICALLY ILL OR INJURED CHILDREN | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arizona Coalition To End Sexual And Domestic Violence Phoenix, AZ | $12,358,048 | $5,228,923 |
Family Policy Alliance Colorado Springs, CO | $694,183 | $1,314,136 |
Arizona Knowledge Empowerment And Advocacy Group Phoenix, AZ | $103,446 | $1,274,528 |
Advocates For Recovery Colorado Denver, CO | $175,849 | $916,896 |
Cars 4 Kids Foundation Inc Salt Lake City, UT | $90,854 | $255,309 |
Churchill Community Coalition Fallon, NV | $103,127 | $541,618 |
Racing For Charity Inc Twin Falls, ID | $61,519 | $322,456 |
Zip Foundation Carson City, NV | $1,541,687 | $267,903 |
Coconino Coalition For Children & Youth Flagstaff, AZ | $284,663 | $121,643 |
Casa Of Laramie County Cheyenne, WY | $655,084 | $197,353 |
Optimal Innovation Group Golden, CO | $10,778 | $0 |
The Chef Jeff Project Inc Las Vegas, NV | $3,075 | $0 |