Wheeling Forward INC EIN 45-4045474

Wheeling Forward INC

EIN  45-4045474 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers disabled individuals with resources for education, jobs, health, housing, and personal fulfillment.
Leadership
Alexander Elegudin · President · $20K
Money in and out
$203K revenue, $270K expenses
Bottom line
80% program efficiency

Empowers disabled individuals with resources for education, jobs, health, housing, and personal fulfillment. For fiscal year 2024 it reported $203K in revenue, $270K in expenses, and $-221K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$-221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$68K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.15 Fundraising $0.06
Program efficiency
80%
of spending reaches programs▲ +12% vs prior filing year
Operating runway
4.5mo
months of highly liquid reserves at operating expense rate▼ -46% vs prior filing year
Surplus margin
-33%
revenue over expenses, this year▼ -36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$203K
FY20240%
Expenses
$270K
FY2024▲ +7%
Total assets
$148K
FY2024▼ -37%
Total liabilities
$368K
FY2024▼ -5%
Total revenue
$203K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$-221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$68K
Total assetsPt X · Ln 16$148K
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $102K of program spending, described in the organization's own filed words · FY2024.
01

Adaptive Sporting Program

The adaptive sports program introduces individuals with disabilities to adaptive athletic activities, helping them build confidence, strength, and healthy, active lifestyles. Through inclusive sporting clinics and events, participants discover that they can defy the limits of their disability.

$67Kprogram expense
02

Wheelchair Giving Program

Through the wheelchair giving program, wheeling forward empowers individuals with disabilities by providing customized wheelchairs that restore mobility, freedom, and independence. Since its inception, the program has delivered over 500 wheelchairs to people in need, significantly improving their quality of life and community…

$20Kprogram expense
03

The spinal mobility program offers free, adaptive exercise opportunities designed specifically for people with paralysis and other disabilities. Addressing the lack of accessible fitness options in new york city, the program helps participants build strength, enhance functional independence, and foster social connection in an inclusive…

$15Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWheeling Forward INC
EINHdr · item D45-4045474
Principal addressHdr · item CBrooklyn, NY
WebsiteHdr · item Jwww.wheelingforward.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$20,000Pt VII · Sec A
$18,500Pt VII · Sec A
$7,000Pt VII · Sec A

Alexander Elegudin’s $20K as President is at the 11th percentile of top reported officer pay among 2165 $100K–1M 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 · 6 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2018
Alexander Elegudin$20,000$18,000$18,000$34,500$4,500
Lawrence Harding$18,500$18,000$3,900$10,500
Sharifa Abu-Hamda$6,000$5,100$10,100$4,500
Sarifa Abu-Hamda$7,000
Yannick Benjamin$3,500
Alex Elegudin$3,300

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.

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Statement of Revenue

Part VIII
Contributions & grants$187K · 92%
Program service revenue$15K · 7%
Contributions & grants92%$187K
Program service revenue7%$15K
Other revenue$700
Total revenueLn 12$203K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.15 Fundraising $0.06
Program services80%$215K
Management & general15%$39K
Fundraising6%$16K
Total functional expensesLn 25$270K

Balance Sheet

Part X · end of year
CashLn 1$101K
Total assetsLn 16$148K
Total liabilitiesLn 26$368K
Total net assetsLn 32$-221K
Months of cash on handcomputed4.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $101K · Operating expenses/yr $270K
4.5 months
Where the money goes
Program services
Program services $215K · Total expenses $270K
80%
Management & General
Management & general $39K · Total expenses $270K
15%
Fundraising
Fundraising $16K · Total expenses $270K
6%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $173K
$0.11 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $187K · Total revenue $203K
92%
Government reliance
Government grants — · Total revenue $203K
Earned-income share
Program service revenue $15K · Total revenue $203K
7%
Investment reliance
Investment income $0 · Total revenue $203K
0%
Program self-sufficiency
Program service revenue $15K · Total expenses $270K
6%
Growth & trend
Revenue growth (YoY)
This year $203K · Prior year $202K
0%
Revenue CAGR
FY2018 $702K · FY2024 $203K
-19%
Net-asset trend (YoY)
End of year $-221K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $203K · Expenses $270K
-33%
Liabilities-to-Assets
Total liabilities — · Total assets $148K
Net-asset ratio
Net assets $-221K · Total assets $148K
-149%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $148K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alexander Elegudin · Reported title PRESIDENT · Highest reported compensation $20K · Total expenses $270K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $51K · Total expenses $270K
19%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 15%
Fundraising cost ratio 9%
Revenue growth 0%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 5 funders →
Grants paid · 16 grants · $189K · 2018–2022
Unitemized GrantFY2022$10,400
Wine on Wheels INCNY · FY2021$75,000
Unitemized GrantFY2020$12,800
Unitemized GrantFY2020$12,800
Unitemized GrantFY2020$1,973
Unitemized GrantFY2020$1,973
Unitemized GrantFY2020$1,559
Unitemized GrantFY2020$1,559
Unitemized GrantFY2019$13,150
Unitemized GrantFY2019$11,897
Unitemized GrantFY2019$7,332
Unitemized GrantFY2019$2,000
Unitemized GrantFY2018$18,985
Unitemized GrantFY2018$12,708
Unitemized GrantFY2018$4,000
Unitemized GrantFY2018$1,205

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$203K revenue · viewing · ⤓ 990 PDF
FY2023$202K revenue · ⤓ 990 PDF
FY2022$201K revenue · ⤓ 990 PDF
FY2021$163K revenue · ⤓ 990 PDF
FY2020$368K revenue · ⤓ 990 PDF
FY2019$813K revenue · ⤓ 990 PDF
FY2018$702K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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