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Nonprofiteer
← VEHICLE FOR GOOD INC

Form 990 for tax year 2024

Filed by VEHICLE FOR GOOD INC.

Totals

Total revenue
$702,891
Total expenses
$750,657
Contributions and grants received
$103,173
Grants paid
$53,429
Program service revenue
$0
Investment income
$0
Other revenue
$599,718
Total assets, end of year
$497,851
Total liabilities, end of year
$397,389
Net assets or fund balances, end of year
$100,462
Program services expenses (Part IX)
$139,373
Management and general expenses
$70,731
Fundraising expenses
$540,553
Program service expenses (Part III)
$139,373

Program services were 18.6% 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.

  • 1a · Federated campaigns

    $76,962

  • 1f · All other contributions, gifts and grants

    $26,211

  • 8a · Fundraising events: gross income

    $1,082,659

  • 8b · Fundraising events: direct expenses

    $488,745

  • 8c · Net income from fundraising events

    total $593,914

  • 11a · Other revenue: CREDIT CARD REWARDS

    total $5,804 · related or exempt $5,804

  • 11e · Other revenue, total

    $5,804

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $53,429 · program services $53,429

  • 7 · Other salaries and wages

    total $50,917 · management and general $50,917

  • 10 · Payroll taxes

    total $3,895 · management and general $3,895

  • 11c · Fees: accounting

    total $6,775 · management and general $6,775

  • 11g · Fees: other

    total $23,149 · program services $23,149

  • 12 · Advertising and promotion

    total $540,095 · program services $28,137 · fundraising $511,958

  • 13 · Office expenses

    total $43,070 · program services $8,434 · management and general $6,756 · fundraising $27,880

  • 17 · Travel

    total $3,303 · program services $2,588 · fundraising $715

  • 20 · Interest

    total $20,250 · program services $20,250

  • 22 · Depreciation, depletion and amortization

    total $2,279 · program services $2,279

  • 23 · Insurance

    total $49 · management and general $49

  • 24a · Other expenses: RENT

    total $2,339 · management and general $2,339

  • 24b · Other expenses: MISC

    total $1,107 · program services $1,107

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $140,713 · end of year $496,454

  • 4 · Accounts receivable

    beginning of year $12,636

  • 10a · Land, buildings and equipment: cost or other basis

    $3,676

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,279

  • 10c · Land, buildings and equipment, net

    end of year $1,397

  • 25 · Other liabilities

    beginning of year $5,121 · end of year $397,389

  • 27 · Net assets without donor restrictions

    beginning of year $148,228 · end of year $100,462

Mission and programs · 2024

Mission

AT VEHICLE FOR GOOD, WE RECOGNIZE THE CONSTANT EFFORT THAT NONPROFITS PUT TOWARD RAISING FUNDS, YET THEY FEEL THEY'RE ALWAYS STRUGGLING TO GAIN A SENSE OF FINANCIAL STABILITY. IT JUST DOESN'T SEEM FAIR THAT THEY NEED TO SACRIFICE TIME THAT COULD BE SPENT ON THEIR MISSION IN ORDER TO RAISE MONEY FOR THEIR CAUSE. WE KNOW THAT WHEN NONPROFITS HAVE THE FUNDS THEY NEED, IT FUELS THEIR CREATIVITY AND VISION, STRENGTHENS THE FAMILY LIVES OF THEIR STAFF, AND HELPS THEM FEEL EMPOWERED AND FULFILLED. WE WANTED TO FIND A WAY TO HELP AND DECIDED TO TAKE ACTION. THAT'S WHEN VEHICLE FOR GOOD WAS LAUNCHED.

  • GRANTS TO LOCAL NON-PROFITS TO FURTHER THEIR MISSIONS TO CARE FOR ORPHANS AND CHILDREN IN NEED.

    Expenses $139,373 · Grants $53,429

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jake Jordan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Ashley Thorne

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • James Thorne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202541339349300649

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