Overview
What is Changinggears Inc?
Changinggears Inc, based in Cincinnati, Ohio, is a nonprofit organization that focuses on empowering individuals striving for prosperity. They achieve this by offering affordable transportation solutions. The organization accepts donated vehicles in any condition and, after assessing their suitability for their programs, sells those unfit for use to the public. The revenue generated from these sales supports the nonprofit's primary services. Changinggears Inc operates with a dedicated team of eight employees, demonstrating its commitment to making a difference in people's lives.
Official website here: www.changing-gears.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating
Changinggears Inc has received a one-star rating from Charity Navigator, reflecting concerns in its accountability and finance practices, evidenced by a score of 41 in this area. Despite this, the organization demonstrates a strong commitment to leadership and adaptability, scoring a perfect 100 in this category. The majority of its board members are independent, which is a positive indication of governance.
The nonprofit shows a solid impact measurement score of 86, highlighting that it effectively tracks and evaluates its program outcomes. Changinggears Inc aims to empower clients by providing affordable transportation solutions, vehicle repairs, and career training in the automotive sector. However, the program expense ratio of 37.11% indicates that a significant portion of its expenses may not be directed toward its programs, which can be a potential area for improvement.
While the organization has strong policies in place, such as conflict of interest and whistleblower protections, there are still notable limitations in financial accountability that could affect donor confidence. Funders and potential supporters might want to consider these factors when evaluating their support for Changinggears Inc.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Changinggears Inc?
100% of 16 reviewers on Facebook recommend Changinggears Inc. Here is a summary of their reviews:
The organization is praised for its admirable mission and innovative approach. Commenters express appreciation for the meaningful impact the nonprofit aims to create, highlighting both its concept and its dedication to serving a worthy cause.
Overall, the sentiments are overwhelmingly positive, indicating strong community support and belief in the value of the services provided by Changinggears Inc.
This AI summary has been generated from reviews found on Facebook.
Is Changinggears Inc legitimate?
Changinggears Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Changinggears 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: $62,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $338,151
For more financial information, click here
Official website here: www.changing-gears.org
What is the mission statement of Changinggears Inc?
Changinggears Inc's mission is centered around empowering individuals striving for prosperity. They achieve this by providing affordable transportation solutions. This is accomplished through the repair and sale of donated vehicles that are unsuitable for their program services. These vehicles are sold to the public, and the revenue generated is utilized to support the organization's program services. In essence, Changinggears Inc is dedicated to enhancing the mobility and opportunities of people working towards a better life, through the provision of affordable transportation solutions.
Official website here: www.changing-gears.org
Who is the CEO of Changinggears Inc?
Joel Bokelman is the Director & Executive Direc of Changinggears Inc.
Official website here: www.changing-gears.org
What is the revenue of Changinggears Inc?
Changinggears Inc's revenue in 2022 was $769,671.
Official website here: www.changing-gears.org
Who are the executives of Changinggears Inc and what are their salaries?
The average compensation at Changinggears Inc during 2022 was $50,106. There are 8 employees and 10 volunteers at Changinggears Inc.
Here are 9 key members and their salaries:
- Compensation: $62,700
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- Other: $0
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- Other: $0
Official website here: www.changing-gears.org
Where can I find the form 990 for Changinggears Inc?
Changinggears Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.changing-gears.org
Learn more at the official website: www.changing-gears.org
Mission Statement of Changinggears Inc
Changinggears Inc, a nonprofit organization, is committed to empowering individuals who are striving for prosperity by providing affordable transportation solutions. At the heart of its mission, Changinggears Inc aims to uplift these individuals by offering repair and sales services for donated vehicles. The organization accepts vehicles in any condition, and those that are not suitable for its program services are sold to the public. The revenue generated from these sales is then utilized to support the organization's primary objectives, ensuring a continuous cycle of aid. By providing affordable transportation, Changinggears Inc enables individuals to overcome various obstacles and move forward in their journey towards prosperity.
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Impact
July, 2024
Changinggears Inc's impact is truly transformative. By providing affordable transportation solutions to individuals striving for prosperity, this organization is enabling them to access opportunities that were previously out of reach. Through their repair and sales activities for donated vehicles, Changinggears Inc not only helps individuals improve their mobility but also generates revenue to sustain and expand their program services. This model not only fosters a sense of independence and empowerment but also contributes to building stronger, more resilient communities.
This information is meant to be a general summary of Changinggears 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 2022.
- Investment Income: -$6,415
- Program Service Revenue: $97,043
- Gross Receipts: $1,168,711
Assets and Liabilities:
- Total Assets: $560,050
- Total Liabilities: $28,931
- Net Assets: $531,119
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REBATES AND FEES
Revenue
$58,477
CLIENT VEHICLE REPAIRS
Revenue
$38,566
Organization Details
Founding Year
2011
Phone
(513) 357-2004Principal Officer
Joel Bokelman
Main Address
2015 CENTRAL AVENUE, CINCINNATI, OH, 45214
Website
www.changing-gears.orgNTEE Category
Code: P80 - Human services
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