Wheels of Success Inc

“Form 990 - organization's mission to help families obtain or continue work by providing reliable transportation through a program of car repairs, vehichle replacement, related licensing services, car payments, down payments, and car-care classes in the tri-county tampa bay area. Form 990, part vi, line 11b - organization's process to review form 990 prior to filing with the irs, the form 990 is provided to the board of director's finance committee. The treasurer conducts a detailed review of teh form 990 with committee members. An electronic copy or paper copy of the form 990 is provided to the each board member prior to filing with the irs. Form 990, part vi, line 12c - enforcement of conflicts policy to ensure wheels of success, inc. Operates in a manner consistent with its charitable purpose and does not engage in actvities that could jeopardize its tax exempt status, periodic reviews are conducted. The periodic reviews include, at a minimum, the following subjects: - whether compensation arrangements and benefits are reasonable, based on competent surbey information, and the result of arms-length bargaining. -whether partnerships, joint ventures, and arrangements with management prganizations conform to the wheels of success, inc.'s written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further its charitable purpose, and do not result in inurement, impermissable private benefit or in an excess benefit transaction. Form 990, part vi, line 15a compensation process for top official wheels of success, inc. Uses an independent compensation committee to determine compensation for the ceo and all disqualified persons, which includes other officers and all key employees. The committee discharges the duty of the board of directors fulfilling the board's oversight responsibilities for determining the adequacy and reasonableness of the compensation and benefits paid to the ceo. This committee fulfills the same responsibilities regarding other employees or individuals associated with wheels of success, inc. Who the committee determines to be or to have been at any time during the preceding five years in a position to exercise substantial influence over the affairs of the organization within the meaning of sec. 4958 of the internal revenue code and the regulations promulgated thereunder. The committee operates under the direction of the board of directors which provides that in the discharge of its duties, the committee will: - conduct an annual review of and comment on the ceo's performance against defined goals. - review annually the ceo's compensation and benefits in relation to the marketplace and relevant data. - revise, if necessary, the ceo's performance goals. - decide on any changes in the ceo's compensation or benefits or in his or her employment agreement. - identify the organization's other disqualified persons and annually report on the identity of those persons to the board. - review, comment on, and approve or seek clarification on the recommendations of the ceo on the terms of employment, range of compensation, and on the reasonableness of the terms. - review, comment on, and approve or seek clarification on the recommendations of the ceo on the terms of employment, range of compensation for disqualified persons, and on the reasonableness of the terms. - review, comment on, approve or seek clarification on the severance or retention arrangements for any disqualified person. - consider all benefits provided by wheels of success, inc. To the ceo and other disqualified persons when determining the reasonableness of the compensation and benefits. - determine whether wheels of success, inc. 1 s compensation and benefit plans are appropriate relative to the marketplace for the skills employed, based additionally on relevant independent data, and if not, make appropriate recommendations to the board. - report its activities and decisions to the board annually. Form 990, part”

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“To help needy families obtain or continue to work by providing them with reliable transportation through a program of car repairs, vehicle replacement, related licensing services, car payment, down payments, and car-care classes in the tri-county tampa bay area.”

“Book / tax depreciation difference -4,415 inventory adjustment 176,961 total 172,546”