Overview
What is Free Wheel Foundation Inc?
Free Wheel Foundation Inc, located in Mesa, Arizona, is a 501C3 nonprofit organization committed to uplifting the lives of injured military personnel, veterans, and their families. They achieve this mission by hosting fundraising events and offering individual grants upon request. Furthermore, the foundation collaborates with other charitable organizations to maximize their impact and resources. The Free Wheel Foundation's primary goal is to swiftly distribute aid, transform lives, and create miracles, all in an effort to restore the American way of life for its targeted beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Free Wheel Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 50% overall, reflecting a lack of independent board members and missing essential governance documents, including a conflict of interest policy and whistleblower policy. However, it did score well in areas such as having no material diversion of assets and a favorable liabilities to assets ratio.
Strengths of the organization include a high program expense ratio of 75.44%, suggesting that a substantial portion of its expenditures goes directly toward program services. This is a positive indicator that the funds are likely being used effectively for their mission-related activities. Despite this, the absence of critical policies and governance documentation raises questions about the organization's overall transparency and accountability.
The lack of an independent board and key governance documents is a significant limitation for Free Wheel Foundation Inc. The missing information on their website and failure to post tax forms further contribute to concerns regarding the organization’s compliance with best practices in nonprofit management. Addressing these issues would be essential for improving their rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Free Wheel Foundation Inc legitimate?
Free Wheel Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Free Wheel Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Free Wheel Foundation Inc?
The Free Wheel Foundation, a 501C3 charity organization, is committed to swiftly deploying resources to positively impact the lives of injured military personnel, veterans, and their families. Their mission is to create miracles and restore the American way of life for these individuals. They achieve this mission by organizing fundraising events and providing individual grants upon request. Furthermore, the foundation collaborates with other charitable organizations to maximize their impact and leverage each organization's strengths.
Who is the CEO of Free Wheel Foundation Inc?
Brian Marcucci is the President of Free Wheel Foundation Inc.
What is the revenue of Free Wheel Foundation Inc?
Free Wheel Foundation Inc's revenue in 2021 was $18,428.
Who are the executives of Free Wheel Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Free Wheel Foundation Inc?
Free Wheel Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Free Wheel Foundation Inc
The Free Wheel Foundation, a charitable organization, is committed to restoring the American way of life for injured military personnel, veterans, and their families. Their mission is multifaceted, involving the swift deployment of resources to bring about transformative changes and create miracles in the lives of those they serve. The Free Wheel Foundation achieves this mission by raising funds through various events and providing individual grants upon request. Additionally, the organization collaborates with other charitable organizations, leveraging their strengths to maximize their collective impact. The ultimate goal of the Free Wheel Foundation is to restore the sense of normalcy and dignity that may have been lost due to injury or service, ensuring that these individuals and their families can continue to live fulfilling lives.
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Impact
August, 2024
Free Wheel Foundation Inc swiftly deploys resources to change lives and create miracles for injured military, veterans, and their families. Through fundraising events and partnerships with other charitable organizations, Free Wheel Foundation provides individual grants and leverages its strengths to make a significant impact on restoring the American way of life for those who have served our country. Their mission is to make a tangible difference in the lives of those who have sacrificed for our nation's freedom.
This information is meant to be a general summary of Free Wheel Foundation Inc. 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 2021.
- Investment Income: $17,508
- Gross Receipts: $18,428
Assets and Liabilities:
- Total Assets: $248,651
- Total Liabilities: $0
- Net Assets: $248,651
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Organization Details
Phone
(480) 215-8406Principal Officer
Brian Marcucci
Main Address
8906 E ROSEDALE CIR, MESA, AZ, 85207
NTEE Category
Code: W20 - Public benefit
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