Changinggears INC FY2021 filing

Tax-deductible

Cincinnati, OH501(c)(3)Human ServicesEIN 45-0612130

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To empower people who are working towards prosperity by providing affordable transportation solutions.

501(c)(3) charity; gifts are tax-deductible.
37¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $95K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$101K
17% of total assets
Looks good: liabilities are 17% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 9 voting members
Looks good: 8 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$535K
-12% vs prior year
Spent
$530K
To programs
37%
Net assets
$487K
By yearFY2020–FY2024
Revenue
$535K
FY2021▼ -12%
Revenue by fiscal year
FY2020$605K
FY2021$535K
FY2022$770K
FY2023$960K
FY2024$1.2M
Expenses
$530K
FY2021▲ +37%
Expenses by fiscal year
FY2020$388K
FY2021$530K
FY2022$726K
FY2023$886K
FY2024$1.1M
Net assets
$487K
FY2021▲ +1%
Net assets by fiscal year
FY2020$482K
FY2021$487K
FY2022$531K
FY2023$605K
FY2024$558K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $198K Management & general 53% · $279K Fundraising 10% · $53K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Director & Executive Direc
$59,631Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Joel Bokelman’s $86K as Executive Director is at the 23rd percentile of top reported officer pay among 3869 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joel Bokelman$86,400$79,468$62,700$59,631$53,961

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Changinggears INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable transportation to help people achieve prosperity.

Provided by the organization

This section is blank until Changinggears INC claims this page.

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3 program services account for $142K of program spending, described in the organization's own filed words · FY2021.
01

Vehicle Purchase Program

Sold 19 vehicles to qualified clients. Donated vehicles are restored and sold at half-off with a no-interest loan.

$92Kprogram expense
02

Vehicle Maintenance & Repair Programs

Performed 208 maintenance and repair services for qualified clients. Vehicle maintenance & repairs are performed at half-off.

$50Kprogram expense
03

Repair and sales activities for donated vehicles that are sold outside of program services. Changinggears accepts donated vehicles in any condition. Vehicles that are not appropriate for use in the program services are sold to the public and the revenue is used to support program services.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$535K
Ln 12
Gifts and grantsLn 1h$427K
Fees for servicesLn 2g$56K
Other incomeLn 4–11$53K
Money outPt IX
$530K
Ln 25
Programscol B$198K
Managementcol C$279K
Fundraisingcol D$53K
Owns and owesPt X
$487K
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$589K
LiabilitiesLn 26$101K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$427K
Noncash giftsLn 1g$188K
Fundraising eventsLn 1c$6K
Fees for servicesLn 2g$56K
Investment incomeLn 3$47
Other incomeLn 4–11$53K
Total revenueLn 12$535K
Assets in detailPt X, end of year
CashLn 1$227K
SavingsLn 2$164K
Cash and savings togetherLn 1–2$391K
Land, buildings, equipmentLn 10c$39K
Total assetsLn 16$589K
LiabilitiesLn 26$101K
Net assetsLn 32$487K
OperationsPt I, VI
EmployeesI 57
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$379K$391K
Land, buildings, equipmentLn 10c$25K$39K
Total assetsLn 16$539K$589K
LiabilitiesLn 26$57K$101K
Net assetsLn 32$482K$487K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$3K$42K$15K
Other salaries and wagesLn 7$210K$129K$49K$33K
Payroll taxesLn 10$24K$12K$8K$4K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$51K$51K
OccupancyLn 16$47K$47K
TravelLn 17$161$161
Depreciation, depletion and amortizationLn 22$10K$10K$172
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$79K$45K$33K$1K
All other expensesLn 24e$18K$340$17K
Total functional expensesLn 25$530K$198K$279K$53K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.1M$132K$558K 990 PDF
FY2023 $960K$886K$73K$605K 990 PDF
FY2022 $770K$726K$44K$531K 990 PDF
FY2021 Viewing $535K$530K$6K$487K 990 PDF
FY2020 $605K$388K$217K$482K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $535,361 across 8 lines filed
Lines not itemized here account for $79,446 of total revenue; see the IRS return.
VIII-1c Fundraising events$5,957
VIII-1f All other contributions, gifts and grants$420,919
VIII-1g Noncash contributions (included above)$188,396
VIII-1h Total contributions, gifts and grants$426,876
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,544$55,544
VIII-3 Investment incomeExcluded from tax $47$47
VIII-8 Net income from fundraising eventsExcluded from tax −$26,552−$26,552
VIII-12 Total revenueRelated to mission $134,990 · Unrelated business $0 · Excluded from tax −$26,505$535,361
Part IX · Statement of functional expenses $529,690 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $2,982 · Management $41,742 · Fundraising $14,908$59,632
IX-7 Other salaries and wagesPrograms $128,667 · Management $48,651 · Fundraising $32,592$209,910
IX-10 Payroll taxesPrograms $11,697 · Management $8,031 · Fundraising $4,220$23,948
IX-11c Accounting feesManagement $5,900$5,900
IX-11g Other fees for servicesManagement $2,506$2,506
IX-12 Advertising and promotionManagement $14,210$14,210
IX-13 Office expensesManagement $51,083$51,083
IX-16 OccupancyManagement $46,576$46,576
IX-17 TravelManagement $161$161
IX-22 Depreciation, depletion and amortizationPrograms $9,509 · Management $172$9,681
IX-23 InsuranceManagement $9,153$9,153
IX-24 Other expenses (24a–d)Programs $44,529 · Management $33,144 · Fundraising $1,442$79,115
IX-24e All other expensesPrograms $340 · Management $17,475$17,815
IX-25 Total functional expensesPrograms $197,724 · Management $278,804 · Fundraising $53,162$529,690
Part X · Balance sheet $588,508 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $314,742$226,987
X-2 Savings and temporary cash investmentsStart of year $64,035$164,107
X-4 Accounts receivableStart of year $50,421$59,625
X-8 Inventories for sale or useStart of year $73,697$87,509
X-9 Prepaid expenses and deferred chargesStart of year $11,250$11,250
X-10c Land, buildings and equipment, netStart of year $24,506$39,030
X-16 Total assetsStart of year $538,651$588,508
X-17 Accounts payable and accrued expensesStart of year $17,117$20,343
X-24 Unsecured notes and loans payableStart of year $40,000$80,960
X-26 Total liabilitiesStart of year $57,117$101,303
X-27 Net assets without donor restrictionsStart of year $481,534$487,205
X-32 Total net assets or fund balancesStart of year $481,534$487,205
X-33 Total liabilities and net assetsStart of year $538,651$588,508
Part XI · Reconciliation of net assets $487,205 net assets at year end
XI-1 Total revenue$535,361
XI-2 Total expenses$529,690
XI-3 Revenue less expenses$5,671
XI-4 Net assets at start of year$481,534
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$487,205

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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