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Wheels4Hope

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 562196676 ✦ Cary, NC ✦ Designated as a 501(c)(3)

Overview

What is Wheels4Hope?

Wheels4Hope is a nonprofit organization situated in Cary, North Carolina. Their primary mission is to offer economically disadvantaged individuals and families dependable and budget-friendly transportation solutions. They accomplish this by accepting donated vehicles, repairing them to ensure they operate efficiently, and then selling them at significantly reduced prices to eligible families. These families are referred by local social service agencies with whom they have an established relationship. The vehicles that do not meet their program's requirements are sold for fair market value, with the earnings contributing to the program's funding. Wheels4Hope employs a team of eight individuals to carry out this mission.


Is Wheels4Hope legitimate?

Wheels4Hope is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wheels4Hope 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.

Here are some key statistics you may want to consider:

Executive Compensation: $83,300
Professional Fundraising Fees: $30,211
Other Salaries and Wages: $116,736

For more financial information, click here


What is the mission statement of Wheels4Hope?
Who is the CEO of Wheels4Hope?
What is the revenue of Wheels4Hope?
Who are the executives of Wheels4Hope and what are their salaries?
Where can I find the form 990 for Wheels4Hope?

Mission Statement of Wheels4Hope

Wheels4Hope, a nonprofit organization, is dedicated to addressing the transportation needs of economically vulnerable individuals and families. Their mission is to provide reliable and affordable transportation solutions to these families. They achieve this by accepting donated vehicles, meticulously repairing them to ensure they operate efficiently, and then selling them at significantly reduced prices. The beneficiaries of these vehicles are families who have been referred by local social service agencies with whom they have an established case management relationship.

Wheels4Hope's commitment extends beyond the sale of vehicles. Those that do not meet their guidelines for program placement are sold at fair market value. The earnings from these sales contribute to funding the program, thereby ensuring its sustainability. By providing affordable transportation, Wheels4Hope empowers families to access essential services, improve their livelihoods, and ultimately, enhance their overall quality of life.

Impact

This information is meant to be a general summary of Wheels4Hope. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Wheels4Hope's impact is evident in the lives of economically vulnerable individuals and families in Cary, NC. By providing reliable and affordable transportation options, Wheels4Hope is helping these individuals access opportunities they may have otherwise been unable to reach. The organization's model of receiving donated vehicles, repairing them to ensure good operating condition, and selling them to those in need at substantially lower than market value is creating a tangible difference in the community. Additionally, the funds generated from the sale of vehicles not placed in the program are used to further support these impactful initiatives. Through this work, Wheels4Hope is making a real difference in the lives of those it serves.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,691
  • Program Service Revenue: $517,291
  • Gross Receipts: $1,697,621

    • Assets and Liabilities:
  • Total Assets: $1,323,459
  • Total Liabilities: $867,836
  • Net Assets: $455,623
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Vehicle Sales

    Revenue

    $511,120

    Other revenue

    Revenue

    $6,171

    Organization Details

    Founding Year

    2000

    Principal Officer

    Lisa Brusca

    Main Address

    411 E Durham Rd, Cary, NC, 27511

    NTEE Category

    Code: P80 - Human services

    If you are a representative of Wheels4Hope and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.