Cars For Charity Inc
- Assets
- $427.3k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Denver, CO
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 84-1479412
Organization Overview
Cars For Charity Inc is located in Denver, CO. The organization was established in 1999. According to its NTEE Classification (J12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Employment and related organizations. As of 12/2022, Cars For Charity Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cars For Charity 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 12/2022, Cars For Charity Inc generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 8 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, Cars For Charity Inc has awarded 445 individual grants totaling $10,161,238. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF CARS FOR CHARITY IS TO ACT AS THE ENABLING ENTITY FOR HUNDREDS OF TAX-EXEMPT NONPROFIT ORGANIZATIONS, LOCATED WITHIN THE UNITED STATES, TO UNDERTAKE AND BENEFIT FROM A "VEHICLE DONATION" FUNDRAISING PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF CARS FOR CHARITY IS TO ACT AS THE ENABLING ENTITY FOR HUNDREDS OF TAX-EXEMPT NONPROFIT ORGANIZATIONS, LOCATED WITHIN THE UNITED STATES, TO UNDERTAKE AND BENEFIT FROM A "VEHICLE DONATION" FUNDRAISING PROGRAM. CARS FOR CHARITY RUNS THE "VEHICLE DONATION" FUNDRAISING PROGRAM AND THIS PROGRAM RECYCLES CARS, BOATS, MOTORCYCLES, AND MOTORHOMES INTO CASH FOR THE 501(C)(3) UNITED STATES ORGANIZATIONS TO SUPPORT THEIR PROGRAMS AND SERVICES IN THE COMMUNITY. AT THIS TIME THERE ARE NO PUBLICATIONS ISSUED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt T Dendorfer President | Officer | 10 | $34,828 |
Lina Rose R Valentine Asst Vice Pr | Officer | 5 | $14,538 |
Eric Dendorfer Vice Preside | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,171,066 |
| 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 | $2,098,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,171,066 |
| Total Program Service Revenue | $0 |
| Investment income | $4 |
| 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 | $2,171,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,694,276 |
| 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. | $49,366 |
| Compensation of current officers, directors, key employees. | $49,366 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,342 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,453 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,107 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,767,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $427,262 |
| 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 | $427,262 |
| Accounts payable and accrued expenses | $9,698 |
| 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 | $9,698 |
| Net assets without donor restrictions | $0 |
| 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 | $417,564 |
| Total liabilities and net assets/fund balances | $427,262 |
Grants Awarded
Over the last fiscal year, Cars For Charity Inc has awarded $1,377,197 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL RESCUE INC | | | $5,177 |
CAPITAL PUBLIC RADIO | | | $37,632 |
CATHOLIC CHARITIES | | | $5,041 |
ASPCA | | | $6,522 |
CAT ANGEL PET ADOPTIONS | | | $10,525 |
CHRISTIAN FREEDOM INTERNATIONAL | | | $8,748 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cars For Charity Inc Denver, CO | $427,262 | $2,171,070 |
Utah Small Business Loan Fund Millcreek, UT | $4,018,898 | $243,145 |
Mc-1 Foundation Golden, CO | $111,917 | $0 |
Jobar Foundation Crested Butte, CO | $386,962 | $6,079 |
55 Medical Group Booster Club Offutt AFB, NE | $274 | $17,015 |
Labor United Inc Omaha, NE | $1,444 | $0 |
Worldatwork Foundation Scottsdale, AZ | $6,542 | $0 |