2016-09-28T10:25:28-05:00 2014-12-31 752904993 WAGNER EUBANK & NICHOLS LLP 5950 BERKSHIRE LANE SUITE 900 DALLAS TX 75225 990EZ 2014-01-01 383910893 ON THE ROAD MOTORS DBA ON THE ROAD LENDING ONTH 2149067067 4141 OFFICE PARKWAY DALLAS TX 75204 MICHELLE CORSON FOUNDER 2149067067 2016-09-28 1 JOHN L WAGNER P01294611 2146926800 2014 2017-02-10 21:41:12Z X X X WWW.ONTHEROADLENDING.ORG X X 83013 X 82613 10 390 83013 164501 16357 5760 82271 268889 -185876 -118188 -46386 -350450 X 33694 961 0 2760 33694 3721 151882 354171 -118188 -350450 X ON 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. 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 120000 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 60000 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 25000 205000 MICHELLE CORSON FOUNDER 40.00 0 0 0 TRENT PETTY PRESIDENT 0.00 0 0 0 JAY ALTIZER TREASURER 0.00 0 0 0 DR DAVID CHARD SECRETARY 0.00 0 0 0 MARY BURNETT COO 0.00 0 0 0 ERIC HANSEN DIRECTOR 0.00 0 0 0 BRIAN SHULTZ DIRECTOR 0.00 0 0 0 JIM MCCLURE DIRECTOR 0.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MICHELLE CORSON 4141 OFFICE PARKWAY DALLAS TX 75204 2149067067 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 1200 82613 83813 1200 82613 83813 83813 10 10 6000 390 6390 90213 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INTEREST INCOME. AMOUNT: 10. FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE DESCRIPTION: APPLICATION FEES. AMOUNT: 390. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: 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 ASSETS DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: -46,386. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: 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 LIABILITIES DESCRIPTION: 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 B THE 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.