Overview
What is Car Donation Foundation?
The Car Donation Foundation is a nonprofit organization headquartered in St. Louis Park, Minnesota, with an address at 5775 Wayzata Boulevard 700. Their mission is to financially support various charitable organizations by accepting and selling donated motor vehicles and other properties through wholesale auction houses. The proceeds from these sales, after covering expenses, are then donated to designated charities. These charities include 54 Make-A-Wish chapters, 21 veteran organizations, certain children's charities and pediatric hospitals, and animal humane, assistance, and adoption charities. As of 2022, the Car Donation Foundation reached a significant milestone by donating over $120 million to these charity recipients.
Official website here: www.wheelsforwishes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45% (Zero-Star out of Four Stars)
Car Donation Foundation has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. Despite having a fully independent board and good practices in conflict of interest and document retention, the organization's overall performance has serious shortcomings. The program expense ratio and fundraising efficiency are particularly low, suggesting that a minimal portion of donations is used for actual program services.
On a more positive note, user feedback from GreatNonprofits highlights the organization's impactful partnership with Make-A-Wish chapters across various regions. Many reviews express gratitude for the foundation's role in helping grant wishes for critically ill children, emphasizing the successful fundraising efforts and the satisfaction of donors with the car donation process. The foundation has notably raised substantial funds to support children's wishes and has been recognized for its collaborative efforts with community organizations.
However, the overall financial metrics and missing documentation on the nonprofit's website raise flags about transparency and operational efficiency. While the foundation is well-regarded for its mission and partnerships, potential donors may want to consider these financial aspects and the implications they could have on the charity's long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Car Donation Foundation legitimate?
Car Donation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Car Donation Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $250,000
Professional Fundraising Fees: $16,278,932
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.wheelsforwishes.org
What is the mission statement of Car Donation Foundation?
The Car Donation Foundation supports various charitable organizations financially by facilitating the donation and sale of motor vehicles and other property. Donors contribute their unwanted vehicles, which are then sold by wholesale auction houses to the public. A significant portion of the proceeds, following expenses, is donated to the designated recipient charities. These charities include 54 Make-A-Wish chapters, 21 veteran organizations, certain children's charities and pediatric hospitals, as well as animal humane, assistance, and adoption charities, with a collective goal of donating over $120 million to these organizations.
Official website here: www.wheelsforwishes.org
Who is the CEO of Car Donation Foundation?
Loren Dorshow is the Executive Director of Car Donation Foundation.
Official website here: www.wheelsforwishes.org
What is the revenue of Car Donation Foundation?
Car Donation Foundation's revenue in 2022 was $52,494,113.
Official website here: www.wheelsforwishes.org
Who are the executives of Car Donation Foundation and what are their salaries?
The average compensation at Car Donation Foundation during 2022 was $250,000. There is 1 employee and 5 volunteers at Car Donation Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $250,000
- Related: $0
- Other: $24,000
Official website here: www.wheelsforwishes.org
Where can I find the form 990 for Car Donation Foundation?
Car Donation Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wheelsforwishes.org
Learn more at the official website: www.wheelsforwishes.org
Mission Statement of Car Donation Foundation
The Car Donation Foundation, a notable philanthropic organization, is dedicated to financially supporting various charitable organizations through the donation and sale of motor vehicles and other property. The mission of this entity is geared towards making a significant impact by channeling the proceeds from the sale of donated vehicles to deserving charities.
Operating as a facilitator, the Car Donation Foundation collects motor vehicles from donors and sells them through wholesale auction houses. Following the sale, the substantial proceeds are donated to recipient charities, with the expenses incurred during the sale being the only exceptions. The recipient charities encompass a diverse range of organizations, including 54 Make-A-Wish chapters across the country, 21 veteran organizations with nationwide programs, certain children's charities and pediatric hospitals in various parts of the United States, and animal humane, assistance, and adoption charities.
Since its inception, the Car Donation Foundation has reached a remarkable milestone by donating over $120 million to these charitable organizations. This substantial contribution has played a crucial role in furthering the vital work of these entities and enriching the lives of countless individuals who stand to benefit from their services.
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Impact
October, 2024
The Car Donation Foundation significantly impacts various charitable organizations by transforming unwanted motor vehicles and other properties into crucial financial support. Donors contribute their vehicles, which are then sold through wholesale auction houses to the general public. The proceeds from these sales, after covering expenses, are directed to recipient charities.
This initiative has created a substantial benefit for numerous organizations, including 54 Make-A-Wish chapters across the country, 21 veteran organizations that serve individuals nationwide, and various children’s charities and pediatric hospitals. Additionally, the foundation supports animal humane, assistance, and adoption charities. Since the program's inception, it has achieved a remarkable milestone, contributing over $120 million to these charities by 2022.
The foundation's efforts not only provide financial resources but also foster a sense of community involvement and generosity among donors, linking their contributions directly to positive outcomes in the lives of countless individuals and animals across the United States.
This information is meant to be a general summary of Car Donation Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $61,609
- Gross Receipts: $120,240,867
Assets and Liabilities:
- Total Assets: $11,184,528
- Total Liabilities: $3,639,358
- Net Assets: $7,545,170
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Organization Details
Founding Year
2007
Phone
(952) 525-2238Principal Officer
Loren Dorshow
Main Address
5775 WAYZATA BOULEVARD 700, ST LOUIS PARK, MN, 55416
Website
www.wheelsforwishes.orgNTEE Category
Code: T12 - Philanthropy
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