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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$157K
-21.5% YoY
Grant Count
4
+0.0% YoY
Avg Grant Size
$39K
-21.5% YoY
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.
About Wings and Wheels Foundation Inc
Based on IRS filings
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.
Ready to take the next step with Wings and Wheels Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $782,081 | $66,280 |
| Revenue | $278,360 | $1,071,641 | $194,012 |
| Expenses | $312,299 | $355,840 | $127,732 |
| Qualifying Distributions | $156,800 | $199,720 | $21,526 |
| Net Investment Income | $6,337 | $13,581 | $4,529 |
| Distributable Amount | $13,341 | $28,129 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2023
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Jesse Iwugi ($82,500), Aaron Jeansonne ($60,000), Trey Burke ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AARON JEANSONNE INDIANAPOLIS, IN | SCHOLARSHIP FOR RACE CAR TRAINING | $60,000 |
| TREY BURKE INDIANAPOLIS, IN | SCHOLARSHIP FOR RACE CAR TRAINING | $12,000 |
| ANDRE CASTRO INDIANAPOLIS, IN | SCHOLARSHIP FOR RACE CAR TRAINING | $2,300 |
| JESSE IWUGI INDIANAPOLIS, IN | SCHOLARSHIP FOR RACE CAR TRAINING | $82,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARK MCALISTER | PRESIDENT | 5 | — |
| ALORA MCALISTER | VICE PRESIDENT | 5 | — |
| KAREN WORKMAN | SECRETARY/TREASURER | 5 | $2,318 |
Frequently Asked Questions
Where does Wings and Wheels Foundation Inc operate?
Wings and Wheels Foundation Inc has awarded grants in Indiana.
What size grants does Wings and Wheels Foundation Inc award?
In 2023, Wings and Wheels Foundation Inc awarded 4 grants totaling $157K — an average of about $39K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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