Trucking Cares Foundation
- Assets
- $975.1k
- Revenue
- $580.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 82-3015119
Organization Overview
Trucking Cares Foundation is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trucking Cares 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 12/2023, Trucking Cares Foundation generated $580.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $213.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Trucking Cares Foundation has awarded 24 individual grants totaling $452,200. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE SAFETY OF THE TRUCKING INDUSTRY THROUGH A BROAD RANGE OF CHARITABLE ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS CREATED TO PROMOTE VOLUNTEERISM AND RAISE MONEY FOR, AND DISTRIBUTE SUCH DONATIONS TO, ORGANIZATIONS WHICH ARE ENGAGED IN PROFESSIONAL, ACADEMIC AND SCIENTIFIC RESEARCH RELATED TO VEHICLE AND HIGHWAY SAFETY AND SECURITY; PROVIDE EDUCATION AND TRAINING AND/OR PROVIDE ACADEMIC AND MERIT SCHOLARSHIPS TO QUALIFYING INDIVIDUALS; BRING AWARENESS TO AND CONTRIBUTE RESOURCES TO FIGHT, OR ASSIST VICTIMS OF, CRIME, HUNGER, AND HOMELESSNESS; PROVIDE DISASTER RELIEF AND HUMANITARIAN SUPPORT TO THOSE IN NEED; AND CONTRIBUTE TO THE HEALTH AND WELL-BEING OF U.S. COMMUNITIES NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Spear Vice Chairman | OfficerTrustee | 1 | $0 |
John Lynch President | Officer | 3 | $0 |
Philip L Byrd Sr Chairman | OfficerTrustee | 10 | $0 |
Susan Fall Secretary | OfficerTrustee | 5 | $0 |
Michael Kelley Treasurer | OfficerTrustee | 5 | $0 |
Greg Owen Director | Trustee | 1 | $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 | $580,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $580,550 |
| Total Program Service Revenue | $0 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $145,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,350 |
| Advertising and promotion | $0 |
| Office expenses | $1,760 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,017 |
| Interest | $0 |
| Payments to affiliates | $50,004 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,963 |
| Total functional expenses | $213,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $850,239 |
| 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 | $124,870 |
| Total assets | $975,109 |
| Accounts payable and accrued expenses | $19,319 |
| 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 | $19,319 |
| Net assets without donor restrictions | $680,790 |
| Net assets with donor restrictions | $275,000 |
| 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 | $975,109 |
Grants Awarded
Over the last fiscal year, Trucking Cares Foundation has awarded $119,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
TRUCKERS AGAINST TRAFFICKING PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
ST CHRISTOPHER TRUCKERS DEVELOPMENT & RELIEF FUND PURPOSE: CHARITABLE CONTRIBUTION | $10,000 |
FAIRFAX COUNTY FIRE & RESCUE DEPARTMENT PURPOSE: CHARITABLE CONTRIBUTION | $14,000 |
VOICES FOR AWARENESS FOUNDATION PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |
SOUTH DALLAS DRIVING ACADEMY PURPOSE: CHARITABLE CONTRIBUTION | $20,000 |
CENTER FOR EMPLOYMENT TRAINING PURPOSE: CHARITABLE CONTRIBUTION | $25,000 |