Overview
What is Hearts Of Wheels?
Hearts of Wheels is a nonprofit organization situated in Birmingham, Alabama, with an address at 1332 Americana Drive. Their primary mission is to empower economically disadvantaged and at-risk youth between the ages of 17 and 26 by providing them with cars and mentorship. This initiative aims to overcome transportation barriers that often impact their job and educational opportunities. In 2022, they granted 16 vehicles to their program participants, purchasing 12 of them for $27,147 and accepting 6 car donations estimated to be worth $15,500 to their cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star rating.
Hearts Of Wheels has achieved a score of 74%, which indicates a need for improvement in certain areas of governance and transparency. The rating is derived solely from the Accountability & Finance beacon, highlighting that most performance metrics are centered around financial practices rather than effectiveness or impact. The absence of independent board members raises concerns about the organization's oversight, which is an important aspect of governance.
Despite the issues with board independence, Hearts Of Wheels demonstrates good practices in several policies, including conflict of interest and whistleblower policies, both of which are in place and scored well. Additionally, the organization has shown commendable financial management with a 100% program expense ratio and no liabilities reported, indicating that all resources are directed towards its programs. However, the lack of accessible documents, such as the tax form on its website, suggests that there are areas for improvement in transparency.
Overall, while Hearts Of Wheels has solid programs and financial management, the governance structure and accessibility of information could benefit from significant enhancements. Stakeholders may want to consider these factors when assessing the organization's overall effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Hearts Of Wheels legitimate?
Hearts Of Wheels is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hearts Of Wheels 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 Hearts Of Wheels?
Hearts Of Wheels' mission is centered around assisting economically disadvantaged and at-risk youth aged between 17 and 26. They aim to empower these individuals by providing them with a means of transportation through their Car Ownership and Mentoring Program. Lack of adequate transportation often hinders their job and educational opportunities. During 2022, Hearts of Wheels granted 16 cars to their program mentees, with 12 of them purchased and 6 donated. The estimated value of the donated cars to their program was approximately $15,500.
Who is the CEO of Hearts Of Wheels?
Rodrick Ingram is the President of Hearts Of Wheels.
What is the revenue of Hearts Of Wheels?
Hearts Of Wheels's revenue in 2022 was $46,535.
Who are the executives of Hearts Of Wheels and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Hearts Of Wheels?
Hearts Of Wheels's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hearts Of Wheels
Hearts Of Wheels, a non-profit organization, is dedicated to assisting economically disadvantaged and at-risk youth between the ages of 17 and 26. Their mission is to empower these young individuals through their Car Ownership and Mentoring Program. The lack of reliable transportation often hinders these youths' opportunities in the job market and education sector.
To achieve this mission, Hearts Of Wheels implements a two-pronged approach. Firstly, they provide young individuals with the means of transportation by granting them cars. During the year 2022, the organization distributed 16 vehicles, some of which were purchased for 27,147 dollars, while six were donated to the program. Secondly, Hearts Of Wheels offers mentorship to these young recipients, aiming to provide them with the necessary support and guidance to navigate their personal and professional lives.
In summary, Hearts Of Wheels is an organization that recognizes the importance of transportation in the lives of at-risk youth. By offering cars and mentorship, they aim to empower these young individuals to seize opportunities in education and employment, thereby enhancing their overall well-being.
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Impact
August, 2024
Hearts Of Wheels is making a tangible impact on economically disadvantaged and at-risk youth in Birmingham, Alabama by providing them with the essential resource of reliable transportation through their Car Ownership and Mentoring Program. In 2022 alone, Hearts of Wheels granted a total of 16 cars to Comp Program Mentees. This initiative not only enhances the mobility and independence of these youths but also opens up opportunities for employment and education that may have been previously out of reach. The estimated value of the cars donated to the program, both through purchases and donations, underscores the significant contribution Hearts Of Wheels is making towards empowering vulnerable young individuals and breaking the cycle of limited prospects due to transportation barriers.
This information is meant to be a general summary of Hearts Of Wheels. 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.
- Gross Receipts: $46,535
Assets and Liabilities:
- Total Assets: $34,637
- Total Liabilities: $0
- Net Assets: $34,637
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Organization Details
Founding Year
2016
Phone
(205) 746-0935Principal Officer
Rodrick Ingram
Main Address
1332 Americana Drive, Birmingham, AL, 35215
NTEE Category
Code: J02 - Employment
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