BETA

OTR RESOURCES: Form 990EZ, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
OTR RESOURCES (EIN 38-3910893)
Tax period
2014-01-01 to 2014-12-31
Filed
2016-09-28
IRS object ID
201612729349200111
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-09-28T10:25:28-05:00ReturnTs
Tax Period End2014-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752904993PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1WAGNER EUBANK & NICHOLS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line15950 BERKSHIRE LANE SUITE 900AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75225ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2014-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN383910893EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ON THE ROAD MOTORS DBA ON THE ROAD LENDINGBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlONTHBusinessNameControlTxt
Phone2149067067PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line14141 OFFICE PARKWAYAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75204ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHELLE CORSONPersonNm
Person TitleFOUNDERPersonTitleTxt
Phone2149067067PhoneNum
Signature2016-09-28SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOHN L WAGNERPreparerPersonNm
PTINP01294611PTIN
Phone2146926800PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Amended ReturnYes (X)AmendedReturnInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Website AddressWWW.ONTHEROADLENDING.ORGWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$83,013GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$82,613ContributionsGiftsGrantsEtcAmt
Investment Income$10InvestmentIncomeAmt
Other Revenue Total$390OtherRevenueTotalAmt
Total Revenue$83,013TotalRevenueAmt
Fees And Other Pymt To Ind Cntrct$164,501FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$16,357OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$5,760PrintingPublicationsPostageAmt
Other Expenses Total$82,271OtherExpensesTotalAmt
Total Expenses$268,889TotalExpensesAmt
Excess Or Deficit For Year-$185,876ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY-$118,188NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets-$46,386OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY-$350,450NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$33,694BOYAmt
EOY$961EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$2,760EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$33,694BOYAmt
EOY$3,721EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$151,882BOYAmt
EOY$354,171EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY-$118,188BOYAmt
EOY-$350,450EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeON THE ROAD LENDING SEEKS TO LIFT THE DISADVANTAGED AND WORKING POOR FROM POVERTY BY PROVIDING FINANCIAL EDUCATION AND ASSISTING WITH ACCESSING RELIABLE TRANSPORTATION. OTRL FINDS THE CLIENT VEHICLES THAT ARE LATE MODEL, RELIABLE (WITH WARRANTIES), FUEL EFFICIENT AND AVAILABLE AT LESS THAN MARKET VALUE. OTRL HELPS THE CLIENTS ACCESS BELOW-MARKET INTEREST RATE LOANS, AS MOST CLIENTS HAVE LIMITED OR POOR CREDIT.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
THE ORGANIZATION ADMITTED 240 PEOPLE INTO ITS FINANCIAL COACHING PROGRAM IN 2014. THIS PROGRAM PROVIDES MENTORS TO LOW-INCOME PERSONS TO HELP THEM UNDERSTAND THEIR MONTHLY FINANCES, DEVELOP A BUDGET, PROVIDE SOME GENERAL OVERVIEW OF HOW THEIR CREDIT MAY HAVE BEEN IMPACTED BY THE DECISIONS THEY'D MADE, AND TO UNDERSTAND THE BEST VEHICLE FOR THEIR FAMILY'S NEEDS. OTRL CONTINUES TO WORK WITH CLIENTS WHO HAVE RECEIVED THEIR VEHICLES, POST-DELIVERY, TO HELP THEM WITH ANY PERSONAL FINANCIAL ISSUES THAT MAY ARISE.$0$120,000
THE ORGANIZATION HELPED 18 PEOPLE IDENTIFY A VEHICLE THAT WOULD BE SUITABLE FOR THEIR NEEDS, EVALUATED THEIR TRADE-INS, AND MET WITH THE DEALERSHIP ON THEIR BEHALF. OTRL HELPED THESE CLIENTS TO SECURE BELOW-MARKET INTEREST RATE LOANS TO PURCHASE THESE CARS AND SECURED AN EXTENDED WARRANTY ON THE CLIENT'S BEHALF.$0$60,000
THE ORGANIZATION HELPS CLIENTS TO RECEIVE FINANCIAL EDUCATION. THIS PROGRAM MAY BE PROVIDED DIRECTLY BY ON THE ROAD LENDING STAFF OR THE MODULES MAY BE DELIVERED VIA PARTNER AGENCIES, SUCH AS THE YWCA OR THE SALVATION ARMY. ON THE ROAD OVERSEES THE FINANCIAL EDUCATION FOR ALL CLIENTS, IRRESPECTIVE OF WHERE THEY OBTAIN THE EDUCATION, TO ENSURE COMPREHENSION.$0$25,000
FieldValueIRS element (for citing)
Total Program Service Expenses$205,000TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (8 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHELLE CORSON
FOUNDER40.00$0$0$0
TRENT PETTY
PRESIDENT0.00$0$0$0
JAY ALTIZER
TREASURER0.00$0$0$0
DR DAVID CHARD
SECRETARY0.00$0$0$0
MARY BURNETT
COO0.00$0$0$0
ERIC HANSEN
DIRECTOR0.00$0$0$0
BRIAN SHULTZ
DIRECTOR0.00$0$0$0
JIM MCCLURE
DIRECTOR0.00$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not Rpt0ChgMadeToOrgnzngDocNotRptInd
Organization Had UBI0OrganizationHadUBIInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Direct Indirect Pltcl Expend$0DirectIndirectPltclExpendAmt
Made Loans To From Officers0MadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICHELLE CORSONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14141 OFFICE PARKWAYAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75204ZIPCd
FieldValueIRS element (for citing)
Phone2149067067PhoneNum
FieldValueIRS element (for citing)
Foreign Financial Account0ForeignFinancialAccountInd
Foreign Office0ForeignOfficeInd
Donor Advised Fnds0DonorAdvisedFndsInd
Operate Hospital0OperateHospitalInd
Tanning Services Provided0TanningServicesProvidedInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
School Operating0SchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (1)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,200CurrentTaxYearMinus1YearAmt
Current Tax Year$82,613CurrentTaxYearAmt
Total$83,813TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$1,200CurrentTaxYearMinus1YearAmt
Current Tax Year$82,613CurrentTaxYearAmt
Total$83,813TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$83,813PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$10CurrentTaxYearAmt
Total$10TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$6,000CurrentTaxYearMinus1YearAmt
Current Tax Year$390CurrentTaxYearAmt
Total$6,390TotalAmt
FieldValueIRS element (for citing)
Total Support$90,213TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOMEDESCRIPTION: INTEREST INCOME. AMOUNT: 10.
FORM 990-EZ, PART I, LINE 8 - OTHER REVENUEDESCRIPTION: APPLICATION FEES. AMOUNT: 390.
FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSESDESCRIPTION: VEHICLE EXPENSE. AMOUNT: 6,871. DESCRIPTION: ADVERTISING. AMOUNT: 24,232. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 8,066. DESCRIPTION: TECHNOLOGY. AMOUNT: 16,929. DESCRIPTION: TRAVEL. AMOUNT: 21,750. DESCRIPTION: INSURANCE. AMOUNT: 1,180. DESCRIPTION: EMPLOYEE/CONTRACTOR REIMBURSEMENTS. AMOUNT: 3,243. TOTAL TO FORM 990-EZ, LINE 16: 82,271.
FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETSDESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -46,386.
FORM 990-EZ, PART II, LINE 24 - OTHER ASSETSDESCRIPTION: DONATED VEHICLES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,000. DESCRIPTION: FURNITURE AND EQUIPMENT. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 760.
FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIESDESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 26,754. END OF YEAR AMOUNT: 22,811. DESCRIPTION: LOAN PAYABLE. BEG. OF YEAR AMOUNT: 125,128. END OF YEAR AMOUNT: 331,360.
FORM 990-EZ, PART II, LINE 26, OTHER LIABILITIES, LOAN PAYABLE:ON THE ROAD LENDING HAS BEEN GIVEN A LOAN FOR STARTUP OPERATIONAL SUPPORT MADE BY OTR FUND I, LLC. MICHELLE CORSON IS THE FOUNDER OF ON THE ROAD LENDING AND A PRINCIPAL OF OTR FUND I, LLC, WHICH ALSO INCLUDES OTHER INVESTORS/PRINCIPALS. IT IS THE INTENT OF OTR FUND I, LLC THAT THIS NOTE BE REPAID; HOWEVER, IT MAY BECOME FORGIVABLE AND CONVERT TO A GRANT IN THE FUTURE. THE BALANCE OF THIS NOTE CHANGES THROUGHOUT THE YEAR AND IS APPROVED BY THE BOARD OF ON THE ROAD LENDING AT EACH BOARD MEETING.
FORM 990-EZ, ITEM BTHE ORGANIZATION IS AMENDING ITS 2014 TAX RETURN IN ORDER TO CORRECTLY REPORT AND TIE ALL ASSETS, LIABILITIES, REVENUE AND EXPENSE ITEMS TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2014, WHICH WAS ISSUED POST ORIGINAL FILING DATE, AS WELL AS COMPLETE ALL CORRESPONDING REQUIRED SUPPLEMENTAL SCHEDULES.

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.