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Nonprofiteer
← WHEELS & KEELS FOUNDATION INC

Form 990 for tax year 2023

Filed by WHEELS & KEELS FOUNDATION INC.

Totals

Total revenue
$170,688
Total expenses
$210,266
Contributions and grants received
$66,778
Grants paid
$175,455
Program service revenue
$0
Investment income
$6,176
Other revenue
$97,734
Total assets, end of year
$114,920
Total liabilities, end of year
$3,250
Net assets or fund balances, end of year
$111,670
Program services expenses (Part IX)
$175,455
Management and general expenses
$11,714
Fundraising expenses
$23,097
Program service expenses (Part III)
$175,455

Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $38,250

  • 1f · All other contributions, gifts and grants

    $28,528

  • 1g · Noncash contributions included above

    $7,500

  • 3 · Investment income

    total $6,176 · unrelated business $6,176

  • 8a · Fundraising events: gross income

    $161,779

  • 8a · Fundraising events: contributions included on line 1c

    $38,250

  • 8b · Fundraising events: direct expenses

    $64,045

  • 8c · Net income from fundraising events

    total $97,734 · excluded $97,734

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $175,455 · program services $175,455

  • 12 · Advertising and promotion

    total $9,450 · fundraising $9,450

  • 13 · Office expenses

    total $8,810 · management and general $6,010 · fundraising $2,800

  • 14 · Information technology

    total $9,946 · management and general $2,946 · fundraising $7,000

  • 23 · Insurance

    total $564 · management and general $564

  • 24a · Other expenses: BANK/CREDIT CARD SERVIC

    total $4,022 · management and general $175 · fundraising $3,847

  • 24b · Other expenses: BOARD ANNUAL MEETING

    total $2,019 · management and general $2,019

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,192 · end of year $8,262

  • 2 · Savings and temporary cash investments

    beginning of year $130,556 · end of year $106,558

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $100

  • 25 · Other liabilities

    beginning of year $16,500 · end of year $3,250

  • 27 · Net assets without donor restrictions

    beginning of year $151,248 · end of year $111,670

Mission and programs · 2023

Mission

WHEELS & KEELS FOUNDATION, INC. WAS ESTABLISHED TO PROVIDE FUNDING FOR ACTIVITIES WHICH VISIBLY IMPROVE AND STRENGTHEN THE LOCAL COMMUNITY. FUNDRAISING ACTIVITIES WILL BE FOCUSED IN AND AROUND A KEY ANTIQUE AND EXOTIC CAR AND BOAT SHOW.

Activities or mission (Part I)

WHEELS & KEELS FOUNDATION, INC. PROVIDES FUNDING TO SELECTED ORGANIZATIONS WHOSE ACTIVITIES STRIVE TO IMPROVE THE LIVES OF CHILDREN AND ADULTS IN THE TREASURE COAST COMMUNITY. THE FOUNDATION CONCENTRATES ON THE SUPPORT OF THOSE ORGANIZATIONS THAT ARE LESS ABLE TO ATTRACT SUPPORT FROM LARGER CHARITABLE ORGANIZATIONS.

  • THE ANNUAL ACTIVITY CONSISTS OF A FUNDRAISING DINNER FOLLOWED BY A CAR AND BOAT SHOW. THE 2024 SHOW BENEFITED 14 CHARITABLE 501(C)(3)ORGANIZATIONS SERVING THE INDIAN RIVER COUNTY COMMUNITY.

    Expenses $175,455 · Grants $175,455

As filed on the 2023 return.

Listed in Part VII

  • Gavin Ruotolo

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    2

  • Sam Gagliano

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Vincent Deturris

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Gordon Sulcer

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Dwight Seward

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Amanda Ford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Anetta Gregg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kent Soukup

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202501259349301035

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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