Wheels4hope FY2023 filing

Tax-deductible

Cary, NC501(c)(3)Human ServicesEIN 56-2196676

Providing economically vulnerable individuals and families reliable and affordable transportion

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$83K 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
2 of 5
filings with a surplus
Average surplus $27K a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $50K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$836K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+1% vs prior year
Spent
$1.7M
To programs
90%
Net assets
$437K
By yearFY2020–FY2024
Revenue
$1.7M
FY2023▲ +1%
Revenue by fiscal year
FY2020$1.2M
FY2021$2.1M
FY2022$1.7M
FY2023$1.7M
FY2024$1.8M
Expenses
$1.7M
FY2023▼ -1%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.8M
FY2022$1.8M
FY2023$1.7M
FY2024$1.8M
Net assets
$437K
FY2023▼ -4%
Net assets by fiscal year
FY2020$164K
FY2021$514K
FY2022$456K
FY2023$437K
FY2024$498K

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

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 2000.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $1.6M Management & general 2% · $32K Fundraising 8% · $137K

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

Who runs it and what they're paid

12 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Manager
$83,300Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Lisa Brusca-Sykes’s $83K as Executive Director is at the 20th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Lisa Brusca-Sykes$83,300————
Lisa Brusca-Sykes—$83,300———
Lisa Brusca——$83,300$79,663$79,663

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 Wheels4hope 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 15aYes

Programs and updates

Offers affordable transportation to help vulnerable individuals and families thrive.

Provided by the organization

This section is blank until Wheels4hope claims this page.

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1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2023.
01

Wheels4Hope receives donated vehicles, then repairs them to ensure good operating condition, and sells them to economically vulnerable families at substantially lower than market value. These families are referred by local social service agencies with whom they have a case management relationship.

$1.6Mprogram expense

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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 · FY2024
See all 5 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.7M
Ln 12
Gifts and grantsLn 1h$1.1M
Fees for servicesLn 2g$643K
Investment incomeLn 3$651
Money outPt IX
$1.7M
Ln 25
Programscol B$1.6M
Managementcol C$32K
Fundraisingcol D$137K
Owns and owesPt X
$437K
net assets · Ln 32
Cash and savingsLn 1–2$69K
Total assetsLn 16$1.3M
LiabilitiesLn 26$836K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$845K
Fees for servicesLn 2g$643K
Investment incomeLn 3$651
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
CashLn 1$48K
SavingsLn 2$21K
Cash and savings togetherLn 1–2$69K
Land, buildings, equipmentLn 10c$1.2M
Total assetsLn 16$1.3M
LiabilitiesLn 26$836K
Net assetsLn 32$437K
OperationsPt I, VI
EmployeesI 510
VolunteersI 675
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$94K$69K
Land, buildings, equipmentLn 10c$1.2M$1.2M
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$868K$836K
Net assetsLn 32$456K$437K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$83K$8K$8K$67K
Other salaries and wagesLn 7$138K$98K$20K$20K
Pension plan contributionsLn 8$9K$8K$0$1K
Other employee benefitsLn 9$8K$8K$0$0
Payroll taxesLn 10$30K$24K$3K$3K
Accounting feesLn 11c$6K$6K$0$0
Professional fundraising feesLn 11e$29K$29K
Advertising and promotionLn 12$33K$33K$0$0
Office expensesLn 13$22K$15K$0$7K
Information technologyLn 14$2K$2K$0$0
OccupancyLn 16$16K$12K$0$5K
TravelLn 17$1K$1K$0$0
Conferences, conventions and meetingsLn 19$4K$4K$0$0
InterestLn 20$29K$29K$0$0
Depreciation, depletion and amortizationLn 22$26K$26K$0$0
Other expenses (24a–d)Ln 24$1.3M$1.3M$0$0
All other expensesLn 24e$24K$19K$0$5K
Total functional expensesLn 25$1.7M$1.6M$32K$137K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.8M$1.8M$49K$498K 990 PDF
FY2023 Viewing $1.7M$1.7M−$19K$437K 990 PDF
FY2022 $1.7M$1.8M−$59K$456K 990 PDF
FY2021 $2.1M$1.8M$312K$514K 990 PDF
FY2020 $1.2M$1.3M−$150K$164K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,718,642 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,074,591
VIII-1g Noncash contributions (included above)$844,834
VIII-1h Total contributions, gifts and grants$1,074,591
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$643,400
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$651
VIII-12 Total revenueRelated to mission $644,051 · Unrelated business $0 · Excluded from tax $0$1,718,642
Part IX · Statement of functional expenses $1,737,461 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $8,330 · Management $8,330 · Fundraising $66,640$83,300
IX-7 Other salaries and wagesPrograms $97,877 · Management $20,000 · Fundraising $20,000$137,877
IX-8 Pension plan contributionsPrograms $7,687 · Management $0 · Fundraising $1,000$8,687
IX-9 Other employee benefitsPrograms $7,689 · Management $0 · Fundraising $0$7,689
IX-10 Payroll taxesPrograms $23,790 · Management $3,200 · Fundraising $3,200$30,190
IX-11c Accounting feesPrograms $6,437 · Management $0 · Fundraising $0$6,437
IX-11e Professional fundraising feesFundraising $29,092$29,092
IX-12 Advertising and promotionPrograms $32,522 · Management $0 · Fundraising $0$32,522
IX-13 Office expensesPrograms $14,865 · Management $0 · Fundraising $7,000$21,865
IX-14 Information technologyPrograms $1,641 · Management $0 · Fundraising $0$1,641
IX-16 OccupancyPrograms $11,500 · Management $0 · Fundraising $5,000$16,500
IX-17 TravelPrograms $1,260 · Management $0 · Fundraising $0$1,260
IX-19 Conferences, conventions and meetingsPrograms $3,587 · Management $0 · Fundraising $0$3,587
IX-20 InterestPrograms $29,083 · Management $0 · Fundraising $0$29,083
IX-22 Depreciation, depletion and amortizationPrograms $25,933 · Management $0 · Fundraising $0$25,933
IX-24 Other expenses (24a–d)Programs $1,277,344 · Management $0 · Fundraising $0$1,277,344
IX-24e All other expensesPrograms $19,278 · Management $0 · Fundraising $5,176$24,454
IX-25 Total functional expensesPrograms $1,568,823 · Management $31,530 · Fundraising $137,108$1,737,461
Part X · Balance sheet $1,272,820 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $66,257$48,132
X-2 Savings and temporary cash investmentsStart of year $27,366$20,511
X-9 Prepaid expenses and deferred chargesStart of year $8,170$8,444
X-10c Land, buildings and equipment, netStart of year $1,221,666$1,195,733
X-16 Total assetsStart of year $1,323,459$1,272,820
X-17 Accounts payable and accrued expensesStart of year $8,000$8,000
X-19 Deferred revenueStart of year $12,000$12,000
X-24 Unsecured notes and loans payableStart of year $30,368$17,303
X-25 Other liabilitiesStart of year $1,973$17,245
X-26 Total liabilitiesStart of year $867,836$836,016
X-27 Net assets without donor restrictionsStart of year $455,623$436,804
X-32 Total net assets or fund balancesStart of year $455,623$436,804
X-33 Total liabilities and net assetsStart of year $1,323,459$1,272,820
Part XI · Reconciliation of net assets $436,804 net assets at year end
XI-1 Total revenue$1,718,642
XI-2 Total expenses$1,737,461
XI-3 Revenue less expenses−$18,819
XI-4 Net assets at start of year$455,623
XI-10 Net assets at end of year$436,804

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

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