PLATINUM2024

Vehicle for Good Inc

Win Cars. Do Good.

Aledo, TX   |  https://vehicleforgood.com
GuideStar Charity Check

Vehicle for Good Inc

EIN: 88-1426784


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.

Ruling year info

2022

CEO

James Thorne

Main address

401 FM 1187 #175

Aledo, TX 76008 USA

Show more contact info

EIN

88-1426784

Subject area info

Human services

Equal opportunity in education

Water access, sanitation and hygiene

Population served info

Ethnic and racial groups

Adults

Children and youth

Parents

Widows and widowers

Show more populations served

NTEE code info

Fund Raising and/or Fund Distribution (P12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

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. By offering incredible sweepstakes, we help nonprofits reduce the stress of raising funds so they can make a bigger impact on the world.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Sweepstakes

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. By offering incredible sweepstakes, we help nonprofits reduce the stress of raising funds so they can make a bigger impact on the world.

Population(s) Served
Orphans
Foster and adoptive children
Foster and adoptive parents
Single parents
Widows and widowers

Where we work

  • United States

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Estimated number of funding dollars secured for the sector

This metric is no longer tracked.
Totals By Year
Population(s) Served

Foster and adoptive children, Foster and adoptive parents, Orphans

Related Program

Sweepstakes

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of referrals to resources offered

This metric is no longer tracked.
Totals By Year
Related Program

Sweepstakes

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Estimated number of new funding sources secured for the sector

This metric is no longer tracked.
Totals By Year
Related Program

Sweepstakes

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Number of websites and organizations (outside of our organization) that share our resources and information

This metric is no longer tracked.
Totals By Year
Related Program

Sweepstakes

Type of Metric

Input - describing resources we use

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

At Vehicle for Good, we stand alongside small nonprofits in their mission to make a difference. We recognize their relentless fundraising challenges and're dedicated to revolutionizing their financial stability. Our objective is clear: by collaborating with these nonprofits, we aim to facilitate campaigns that generate over a year's operational funds in one impactful effort.

Through innovative sweepstakes and strategic partnerships, we envision a future where nonprofits can channel their energy into what truly matters: driving positive change. By removing financial constraints, we empower these organizations to thrive, innovate, and create a lasting impact on the communities they serve. Join us in reshaping the fundraising landscape as we work hand in hand to amplify nonprofit influence and usher in a new era of possibility.

To achieve this, we're establishing dynamic partnerships with influential media entities on a national scale. Through these collaborations, we will strategically broadcast our impactful sweepstakes, captivating audiences across the country and inspiring them to support the nonprofits we champion. These media alliances provide a potent platform to spotlight the invaluable work of these organizations, fostering a strong sense of connection and purpose among potential donors. Together, we're not just raising funds – we're sparking a movement that galvanizes a nation towards driving profound, positive transformation.

Through a cutting-edge online sweepstakes model and strategic collaboration with private funders who share our passion, we possess a dynamic toolkit to empower the success of small nonprofits. By seamlessly merging technology and philanthropy, we create opportunities for these nonprofits to secure the resources they need to thrive. Our online sweepstakes not only engage a wider audience but also provide a seamless platform for supporters to contribute.

Vehicle for Good has achieved remarkable results through strategic sweepstakes campaigns in a mere four months since our inception. With a focused approach, we've successfully generated over $160,000 in funds, underscoring the effectiveness of our innovative model. What sets us apart is our rapid progress and our commitment to making a difference – over $92,000 of the funds raised have already been channeled back to support our nonprofit partners. Through just four impactful sweepstakes, we've revolutionized fundraising and demonstrated our dedication to driving real-world change.

Financials

Vehicle for Good Inc
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

29.95

Average of 14.97 over 2 years

Months of cash in 2023 info

SOURCE: IRS Form 990

16.2

Average of 8.1 over 2 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

0%

Average of 0% over 2 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Vehicle for Good Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Vehicle for Good Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Vehicle for Good Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Vehicle for Good Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2023
Unrestricted surplus (deficit) before depreciation $139,816
As % of expenses 134.1%
Unrestricted surplus (deficit) after depreciation $139,816
As % of expenses 134.1%
Revenue composition info
Total revenue (unrestricted & restricted) $244,115
Total revenue, % change over prior year 0.0%
Program services revenue 0.0%
Membership dues 0.0%
Investment income 0.0%
Government grants 0.0%
All other grants and contributions 100.0%
Other revenue 0.0%
Expense composition info
Total expenses before depreciation $104,299
Total expenses, % change over prior year 0.0%
Personnel 0.0%
Professional fees 14.7%
Occupancy 0.0%
Interest 0.0%
Pass-through 0.0%
All other expenses 85.3%
Full cost components (estimated) info 2023
Total expenses (after depreciation) $104,299
One month of savings $8,692
Debt principal payment $0
Fixed asset additions $0
Total full costs (estimated) $112,991

Capital structure indicators

Liquidity info 2023
Months of cash 16.2
Months of cash and investments 16.2
Months of estimated liquid unrestricted net assets 17.1
Balance sheet composition info 2023
Cash $140,713
Investments $0
Receivables $12,636
Gross land, buildings, equipment (LBE) $0
Accumulated depreciation (as a % of LBE) 0.0%
Liabilities (as a % of assets) 3.3%
Unrestricted net assets $148,228
Temporarily restricted net assets N/A
Permanently restricted net assets N/A
Total restricted net assets $0
Total net assets $148,228

Key data checks

Key data checks info 2023
Material data errors No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

CEO

James Thorne

James Thorne is a team-builder, designer, strategist, certified consultant, family man, and friend to all. He is a passionate creator, dedicated to building up and empowering individuals, families, and communities through entrepreneurial opportunities. In a career that has spanned a range of industries—from hospitality to ministry, from filmmaking to marketing and business coaching—James has managed teams, led departments, and built several businesses from the ground up. James believes in empowering others and creating a strong team that builds upon each member’s abilities. He derives inspiration from the people in his life, and ultimately, those people are his passion. His greatest ambition is to love others like Jesus Christ and to leave behind a legacy of lives changed through financial and spiritual freedom. He is a true Texan and lives in the heart of Fort Worth with his wife and kids.

Number of employees

Source: IRS Form 990

Vehicle for Good Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Vehicle for Good Inc

Board of directors
as of 08/21/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

James Thorne

Ashley Ann Thorne

Brush Design

Jake Jordan

Impact Plus

Organizational demographics

SOURCE: Self-reported; last updated 8/18/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data