2024-03-08T13:57:28-06:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2022-07-01 541933692 VEHICLES FOR CHANGE INC VEHI 4102429674 4111 WASHINGTON BLVD BALTIMORE MD 21227 MARTIN SCHWARTZ PRESIDENT 4102429674 2024-03-05 1 MARTIN SCHWARTZ 999009999 0 MONIQUE BOOKER P00644231 4105840060 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARTIN SCHWARTZ 4111 WASHINGTON BLVD BALTIMORE MD 21227 5367473 0 X WWW.VEHICLESFORCHANGE.ORG X 1999 MD VEHICLES FOR CHANGE'S GOAL IS TO BUILD A SUSTAINABLE CAR AWARD PROGRAM IN THE MARYLAND-VIRGINIA-WASHINGTON DC REGION AND THEN REPLICATE THAT PROGRAM NATIONALLY, AIMING TO BRING INDEPENDENT TRANSPORTATION AND TRAINING IN THE AUTOMOTIVE FIELD TO AS MANY PEOPLE AS POSSIBLE. 15 14 35 15 0 0 3654898 4268777 144188 306041 0 0 236219 776598 4035305 5351416 0 0 0 0 1620592 2126649 0 0 19425 2262293 2491075 3882885 4617724 152420 733692 4836111 5409604 2649344 2527658 2186767 2881946 VEHICLES FOR CHANGE'S GOAL IS TO BUILD A SUSTAINABLE CAR AWARD PROGRAM IN THE MARYLAND-VIRGINIA-WASHINGTON DC REGION AND THEN REPLICATE THAT PROGRAM NATIONALLY, AIMING TO BRING INDEPENDENT TRANSPORTATION AND TRAINING IN THE AUTOMOTIVE FIELD TO AS MANY PEOPLE AS POSSIBLE. 0 0 4418077 1082639 PROVISION OF VEHICLES IN WELFARE TO WORK PROGRAMS 4418077 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 93 0 1 35 1 0 0 0 0 0 1 1 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X THE ORGANIZATION 4102429674 4111 WASHINGTON BLVD BALTIMORE MD 21227 ERIC ANDREWS BOARD CHAIR 10.00 X X 0 0 0 GRACELYN A MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 GREG PACKER BOARD MEMBER 1.00 X 0 0 0 EARL JOHNSON PHD BOARD MEMBER 1.00 X 0 0 0 GEOFFREY BUND BOARD MEMBER 1.00 X 0 0 0 MARK ALLEN BOARD MEMBER 1.00 X 0 0 0 MICHAEL ARABE BOARD MEMBER 1.00 X 0 0 0 DUANE FILEY BOARD MEMBER 1.00 X 0 0 0 CHRIS HENDRICKSON FINANCE COMMITTEE CHAIR 5.00 X 0 0 0 FELECIA ROTELLINI BOARD MEMBER 1.00 X 0 0 0 ELIZABETH KEMP CAULDER BOARD MEMBER 1.00 X 0 0 0 MARK A SEMANIE BOARD MEMBER 5.00 X 0 0 0 GEORGE DOETSCH BOARD MEMBER 1.00 X 0 0 0 ANDY KOBLENZ BOARD MEMBER 1.00 X 0 0 0 RAYMONE JACKSON BOARD MEMBER 1.00 X 0 0 0 DANA FARRAKHAN BOARD MEMBER 1.00 X 0 0 0 ROBERT L GREEN BOARD MEMBER 1.00 X 0 0 0 MARTIN SCHWARTZ PRESIDENT 40.00 X X 157325 0 4720 157325 0 4720 1 0 1 0 0 170686 1807763 2290328 1217344 4268777 TRAINING, SERVICE AND 900099 306041 306041 306041 166460 4226 16057 150403 150403 OTHER INCOME 900099 626195 626195 626195 5351416 932236 0 150403 162045 162045 1548713 1548713 166381 166381 249510 249510 600 600 20200 20200 86267 86267 189707 189707 640671 640525 146 104060 104060 93914 20905 73009 95745 95745 PROGRAM EXPENSES 1087201 1087201 GREENMOUNT PROGRAM EXPE 149843 149843 BAD DEBT EXPENSE 3442 3442 19425 19425 4617724 4418077 180222 19425 208041 478823 135695 201948 563092 703707 14898 11543 5059339 1045756 3914385 4013583 4836111 5409604 281799 396778 154722 342016 2212823 1788864 2649344 2527658 X 2186767 2881946 2186767 2881946 4836111 5409604 X 733692 -38513 X X 0 1 X 1 1 1 X 4049899 4649310 3833045 3654898 4268777 20455929 4049899 4649310 3833045 3654898 4268777 20455929 181590 20274339 19 13 25 57 527298 256878 125156 158971 626195 1694498 22150484 0.91530 0.90070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1725427 1725427 1619956 240265 1379691 836593 294592 542001 685879 510899 174980 191484 191484 4013583 X 5434699 83283 83283 5351416 0 5351416 4701007 83283 83283 4617724 0 4617724 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS RECOGNIZED AS SUCH BY THE INTERNAL REVENUE SERVICE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. THE ORGANIZATION PROVIDES RETAIL CAR REPAIR SERVICES THROUGH THE GREENMOUNT GARAGE WHICH ARE CONSIDERED AN UNRELATED BUSINESS ACTIVITY AND SUBJECT TO INCOME TAXES AS IT IS AN OPERATING RETAIL GARAGE WHOSE BUSINESS IS REGULARLY CARRIED ON AND IS NOT SUBSTANTIALLY RELATED TO FURTHERING THE EXEMPT PURPOSE OF THE ORGANIZATION. NO TAXES HAVE BEEN ACCRUED DURING THE FISCAL YEAR AS THE OPERATIONS OF THE GARAGE RESULTED IN A LOSS FOR THE YEAR ENDED JUNE 30, 2023, OF $528,157. X X 0 0 0 0 0 0 0 0 0 MARTIN SCHWARTZ PRESIDENT 157325 0 0 0 0 0 4720 0 0 0 162045 0 0 0 X VEHICLES 757 1217344 FMV DISCOUNTED BASED 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEWS THE FORM 990 FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAILS OUT ANNUALLY A CONFLICT OF INTEREST POLICY WHICH MUST BE SIGNED AND RETURNED TO THE PRESIDENT. FORM 990, PART VI, SECTION B, LINE 15 THE VFC BOARD OF DIRECTORS ARE RESPONSIBLE TO: 1. PERFORM AND ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT/CEO. THIS REVIEW SHOULD TAKE PLACE PRIOR TO THE END OF THE FISCAL YEAR. USUALLY BETWEEN MAY 15 AND MAY 30. THIS REVIEW WILL TYPICALLY BE CONDUCTED BY THE BOARD CHAIR. THE REVIEW SHOULD BE A 360 REVIEW INCLUDING INPUT FROM MEMBERS OF THE VARIOUS BOARD COMMITTEE CHAIRS AND THE VFC LEADERSHIP TEAM AND REVIEW OF PERFORMANCE AGAINST ANNUAL GOALS. 2. THE BOARD CHAIR IN CONJUNCTION WITH THE BOARD EXECUTIVE COMMITTEE WILL DETERMINE THE PRESIDENT/CEO SALARY BASED ON ATTAINMENT OF PREVIOUS ANNUAL GOALS, ADDED VALUE, YEARS OF SERVICE AND PROJECTED GROWTH OF THE INCOME FISCAL YEAR. THE EXECUTIVE COMMITTEE WILL INCLUDE BENCHMARKING AGAINST COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PRIOR PERIOD ADJUSTMENT -38,513. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.