Wings and Wheels Foundation Inc
Wings and Wheels Foundation Inc is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2021 through 2023. In 2023, it awarded 4 grants totaling $157K. Net investment income was $6K.
Wings and Wheels Foundation Inc at a glance
In short: Wings and Wheels Foundation Inc gave $157K across 4 grants in 2023 (avg $39K), mostly in Indiana. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $156,800
- -21.5% vs 2022
- Grants made (2023)
- 4
- +0.0% vs 2022
- Average grant
- $39,200
- -21.5% vs 2022
- Median grant
- $36,000
- Primary geography
- Indiana (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Wings and Wheels Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 7 grants of 11 (64%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 4 itemized grants.
States
Cities
How Wings and Wheels Foundation Inc gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $22K (2021) to $200K (2022). In 2023 it made 4 grants totaling $157K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 individual scholarships Recipients not named | — | $156,800 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $278,360 | $312,299 | $156,800 | 4 | $156,800 | $6,337 | $13,341 |
| 2022 | $782,081 | $1,071,641 | $355,840 | $199,720 | 4 | $199,720 | $13,581 | $28,129 |
| 2021 | $66,280 | $194,012 | $127,732 | $21,526 | 3 | $21,526 | $4,529 | — |
Under IRS private-foundation payout rules, Wings and Wheels Foundation Inc reported a distributable amount of $13K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wings and Wheels Foundation Inc is led by Mark McAlister, President on every filing since 2021; 1 of 3 officers listed in 2023 is compensated.
Officers on the 2023 filing
Mark McAlister
President
On filings since 2021
5 hrs/week
No compensation reported
Karen Workman
Secretary & Treasurer
On filings since 2021
5 hrs/week
$2K (2021) → $2K (2023)
Alora McAlister
Vice President
On filings since 2021
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $2K, to Karen Workman (Secretary/Treasurer).
Frequently asked questions about Wings and Wheels Foundation Inc
How much does Wings and Wheels Foundation Inc give each year?
Wings and Wheels Foundation Inc gave $157K across 4 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $200K across 4 grants.
What is Wings and Wheels Foundation Inc's typical grant size?
Wings and Wheels Foundation Inc's median grant in 2023 was $36,000, and its average grant was $39,200, across 4 grants on its 2023 IRS Form 990-PF.
Where does Wings and Wheels Foundation Inc give grants?
Wings and Wheels Foundation Inc gives mostly in Indiana: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.
Does Wings and Wheels Foundation Inc give general operating support?
Not in 2023: none of the 4 grants with a stated purpose on Wings and Wheels Foundation Inc's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship for Race Car Training" (4 grants).
How much is Wings and Wheels Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Wings and Wheels Foundation Inc reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Wings and Wheels Foundation Inc's EIN?
Wings and Wheels Foundation Inc's EIN (Employer Identification Number) is 85-3948742. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- IRS filings on file for fiscal years 2021–2023
Explore Open Grants
Browse active grant opportunities in Wings and Wheels Foundation Inc's focus areas in our free grants database
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