Wheeling Forward INC EIN 45-4045474

Wheeling Forward INC FY2022 filing

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Empowers disabled individuals with resources for education, jobs, health, housing, and personal fulfillment. For fiscal year 2022 it reported $201K in revenue, $216K in expenses, and $-103K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Brooklyn, NY
Website
www.wheelingforward.org
Filings
7 on file (2018–2022)
Revenue
$201KFY2022
Expenses
$216K
Net assets
$-103K
People
3
Filings
7
Updates
0
More identity details & actions ⌄
EIN  45-4045474 Public charity (501(c)(3)) Brooklyn, NY
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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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 · $18K
Money in and out
$201K revenue, $216K expenses
Bottom line
63% program efficiency
Where the money goes · FY2022
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$-103K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$16K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.24 Fundraising $0.14
Program efficiency
63%
of spending reaches programs
Operating runway
14.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$201K
FY2022▲ +23%
Expenses
$216K
FY2022▼ -26%
Total assets
$297K
FY2022▲ +98%
Total liabilities
$401K
FY2022▲ +69%
Total revenue
$201K
Pt VIII · Ln 12
Total expenses
$216K
Pt IX · Ln 25
Net assets
$-103K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$16K
Total assetsPt X · Ln 16$297K
Program-expense ratioPt IX · col B63%
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 $136K of program spending, described in the organization's own filed words · FY2022.
01

Other programs providing guidance and resources to disabled individuals.

$98Kprogram expense
02

Wheelchair Giving Program

Through their wheelchair giving program, wheeling forward aims to empower individuals with disabilities to achieve their goals by providing them the freedom and mobility to improve their quality of life. Since inception, the program has delivered over 500 wheelchairs to those in need.

$24Kprogram expense
03

Adaptive Sporting Program

Introduces individuals with disabilities to adaptive sports and helps them to gain confidence and live healthy fit lifestyles. Wheeling forward's adaptive sporting clinics show people that they can defy the limits of their disability. Past events have included sports like snow skiing, skydiving, scuba diving, surfing, and waterskiing.

$13Kprogram 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
$18,000Pt VII · Sec A
$5,100Pt VII · Sec A
$3,900Pt 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$176K · 88%
Other revenue$25K · 12%
Contributions & grants88%$176K
Other revenue12%$25K
Total revenueLn 12$201K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.24 Fundraising $0.14
Program services63%$136K
Management & general24%$51K
Fundraising14%$29K
Total functional expensesLn 25$216K

Balance Sheet

Part X · end of year
CashLn 1$262K
Total assetsLn 16$297K
Total liabilitiesLn 26$401K
Total net assetsLn 32$-103K
Months of cash on handcomputed14.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $262K · Operating expenses/yr $216K
14.6 months
Where the money goes
Program services
Program services $136K · Total expenses $216K
63%
Management & General
Management & general $51K · Total expenses $216K
24%
Fundraising
Fundraising $29K · Total expenses $216K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $25K · Solicited contributions (3-yr avg) $167K
$0.15 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $176K · Total revenue $201K
88%
Government reliance
Government grants — · Total revenue $201K
Earned-income share
Program service revenue $0 · Total revenue $201K
0%
Investment reliance
Investment income $0 · Total revenue $201K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $216K
0%
Growth & trend
Revenue growth (YoY)
This year $201K · Prior year $163K
+23%
Revenue CAGR
FY2018 $702K · FY2022 $201K
-27%
Net-asset trend (YoY)
End of year $-103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $201K · Expenses $216K
-8%
Liabilities-to-Assets
Total liabilities — · Total assets $297K
Net-asset ratio
Net assets $-103K · Total assets $297K
-35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $297K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alexander Elegudin · Reported title PRESIDENT · Highest reported compensation $18K · Total expenses $216K
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $216K
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 24%
Fundraising cost ratio 17%
Revenue growth 23%
Legal fee ratio 4%
Accounting fee ratio 9%

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 · ⤓ 990 PDF
FY2023$202K revenue · ⤓ 990 PDF
FY2022$201K revenue · viewing · ⤓ 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) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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