Changinggears INC FY2023 filing

Tax-deductible

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

This page gets seen. Tell your story. Claim this org.

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

501(c)(3) charity; gifts are tax-deductible.
40¢ of each $1 spent went to programs.
$79K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
40%
of spending
Concern: 40% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
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
$58K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$960K
+25% vs prior year
Spent
$886K
To programs
40%
Net assets
$605K
By yearFY2020–FY2024
Revenue
$960K
FY2023▲ +25%
Revenue by fiscal year
FY2020$605K
FY2021$535K
FY2022$770K
FY2023$960K
FY2024$1.2M
Expenses
$886K
FY2023▲ +22%
Expenses by fiscal year
FY2020$388K
FY2021$530K
FY2022$726K
FY2023$886K
FY2024$1.1M
Net assets
$605K
FY2023▲ +14%
Net assets by fiscal year
FY2020$482K
FY2021$487K
FY2022$531K
FY2023$605K
FY2024$558K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2023 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

40 cents of each dollar spent went to programs.

Program services 40% · $352K Management & general 41% · $362K Fundraising 19% · $172K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

10 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$79,468Pt 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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Know this organization? Claim it to add your story

3 program services account for $352K of program spending, described in the organization's own filed words · FY2023.
01

Vehicle Purchase & Bridge Loan Program

Provides approved clients with affordable access to a vehicle. Sold 48 vehicles to qualified clients. Donated vehicles are restored and sold at half-off with a no-interest loan to qualified clients.

$212Kprogram expense
02

Technician Training Program

Trained 20 students to start careers in the automotive industry as lube & tire technicians.

$81Kprogram expense
03

Vehicle Maintenance & Repair Programs

Performed 251 maintenance and repair services for qualified clients. Vehicle maintenance & repairs are performed at half-off to qualified clients.

$60Kprogram expense

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$960K
Ln 12
Gifts and grantsLn 1h$808K
Other incomeLn 4–11$90K
Fees for servicesLn 2g$62K
Money outPt IX
$886K
Ln 25
Programscol B$352K
Managementcol C$362K
Fundraisingcol D$172K
Owns and owesPt X
$605K
net assets · Ln 32
Cash and savingsLn 1–2$211K
Total assetsLn 16$662K
LiabilitiesLn 26$58K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$808K
Noncash giftsLn 1g$346K
Fundraising eventsLn 1c$31K
Fees for servicesLn 2g$62K
Investment incomeLn 3$27
Other incomeLn 4–11$90K
Total revenueLn 12$960K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$136K
Cash and savings togetherLn 1–2$211K
Land, buildings, equipmentLn 10c$73K
Total assetsLn 16$662K
LiabilitiesLn 26$58K
Net assetsLn 32$605K
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 FY23End FY23
Cash and savingsLn 1–2$203K$211K
Land, buildings, equipmentLn 10c$114K$73K
Total assetsLn 16$560K$662K
LiabilitiesLn 26$29K$58K
Net assetsLn 32$531K$605K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$79K$4K$20K$56K
Other salaries and wagesLn 7$379K$202K$76K$102K
Pension plan contributionsLn 8$11K$5K$3K$3K
Payroll taxesLn 10$36K$16K$10K$10K
Legal feesLn 11b$300$300
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$4K$4K
Advertising and promotionLn 12$25K$24K$1K
Office expensesLn 13$23K$23K
OccupancyLn 16$88K$88K
TravelLn 17$353$353
Depreciation, depletion and amortizationLn 22$41K$41K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$109K$83K$26K
All other expensesLn 24e$55K$2K$52K$1K
Total functional expensesLn 25$886K$352K$362K$172K

Filing history

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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $959,910 across 8 lines filed
Lines not itemized here account for $116,504 of total revenue; see the IRS return.
VIII-1c Fundraising events$30,946
VIII-1f All other contributions, gifts and grants$776,802
VIII-1g Noncash contributions (included above)$345,960
VIII-1h Total contributions, gifts and grants$807,748
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $61,967$61,967
VIII-3 Investment incomeExcluded from tax $27$27
VIII-8 Net income from fundraising eventsExcluded from tax −$26,336−$26,336
VIII-12 Total revenueRelated to mission $178,471 · Unrelated business $0 · Excluded from tax −$26,309$959,910
Part IX · Statement of functional expenses $886,492 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $3,973 · Management $19,867 · Fundraising $55,628$79,468
IX-7 Other salaries and wagesPrograms $201,570 · Management $75,637 · Fundraising $101,978$379,185
IX-8 Pension plan contributionsPrograms $4,745 · Management $3,030 · Fundraising $2,813$10,588
IX-10 Payroll taxesPrograms $16,046 · Management $10,247 · Fundraising $9,512$35,805
IX-11b Legal feesManagement $300$300
IX-11c Accounting feesManagement $20,314$20,314
IX-11g Other fees for servicesManagement $3,632$3,632
IX-12 Advertising and promotionManagement $24,319 · Fundraising $1,180$25,499
IX-13 Office expensesManagement $23,062$23,062
IX-16 OccupancyManagement $87,546$87,546
IX-17 TravelManagement $353$353
IX-22 Depreciation, depletion and amortizationPrograms $41,222$41,222
IX-23 InsuranceManagement $15,518$15,518
IX-24 Other expenses (24a–d)Programs $82,926 · Management $26,349$109,275
IX-24e All other expensesPrograms $1,972 · Management $51,607 · Fundraising $1,146$54,725
IX-25 Total functional expensesPrograms $352,454 · Management $361,781 · Fundraising $172,257$886,492
Part X · Balance sheet $662,113 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $66,202$74,316
X-2 Savings and temporary cash investmentsStart of year $136,308$136,335
X-4 Accounts receivableStart of year $159,286$254,694
X-8 Inventories for sale or useStart of year $73,225$112,962
X-9 Prepaid expenses and deferred chargesStart of year $11,250$11,250
X-10c Land, buildings and equipment, netStart of year $113,779$72,556
X-16 Total assetsStart of year $560,050$662,113
X-17 Accounts payable and accrued expensesStart of year $26,095$57,576
X-26 Total liabilitiesStart of year $28,931$57,576
X-27 Net assets without donor restrictionsStart of year $486,094$503,116
X-28 Net assets with donor restrictionsStart of year $45,025$101,421
X-32 Total net assets or fund balancesStart of year $531,119$604,537
X-33 Total liabilities and net assetsStart of year $560,050$662,113
Part XI · Reconciliation of net assets $604,537 net assets at year end
XI-1 Total revenue$959,910
XI-2 Total expenses$886,492
XI-3 Revenue less expenses$73,418
XI-4 Net assets at start of year$531,119
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$604,537

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.