Totals
- Total revenue
- $482,461
- Total expenses
- $506,328
- Contributions and grants received
- $499,602
- Grants paid
- $250,294
- Program service revenue
- $0
- Investment income
- $4,474
- Other revenue
- -$21,615
- Total assets, end of year
- $332,256
- Total liabilities, end of year
- $190,514
- Net assets or fund balances, end of year
- $141,742
- Program services expenses (Part IX)
- $425,713
- Management and general expenses
- $50,493
- Fundraising expenses
- $30,122
- Program service expenses (Part III)
- $425,713
Program services were 84.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$42,918
-
1f · All other contributions, gifts and grants
$456,684
-
1g · Noncash contributions included above
$239,210
-
3 · Investment income
total $4,474 · excluded $4,474
-
8a · Fundraising events: gross income
$32,640
-
8a · Fundraising events: contributions included on line 1c
$42,918
-
8b · Fundraising events: direct expenses
$54,255
-
8c · Net income from fundraising events
total -$21,615 · excluded -$21,615
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $7,497 · program services $7,497
-
2 · Grants to domestic individuals
total $242,797 · program services $242,797
-
5 · Compensation of officers, directors and key employees
total $90,135 · program services $67,782 · management and general $5,408 · fundraising $16,945
-
7 · Other salaries and wages
total $77,680 · program services $69,537 · management and general $8,143
-
8 · Pension plan contributions
total $136 · program services $136
-
9 · Other employee benefits
total $1,466 · program services $1,103 · management and general $88 · fundraising $275
-
10 · Payroll taxes
total $12,185 · program services $10,170 · management and general $774 · fundraising $1,241
-
11c · Fees: accounting
total $15,300 · management and general $15,300
-
11g · Fees: other
total $10,693 · program services $3,386 · management and general $6,937 · fundraising $370
-
12 · Advertising and promotion
total $11,100 · fundraising $11,100
-
13 · Office expenses
total $1,513 · management and general $1,476 · fundraising $37
-
16 · Occupancy
total $9,162 · program services $9,162
-
17 · Travel
total $298 · program services $286 · management and general $12
-
20 · Interest
total $4,125 · management and general $4,125
-
22 · Depreciation, depletion and amortization
total $2,338 · program services $2,338
-
23 · Insurance
total $7,914 · program services $617 · management and general $7,143 · fundraising $154
-
24a · Other expenses: Volunteer materials
total $5,349 · program services $5,349
-
24b · Other expenses: Events
total $5,175 · program services $5,175
-
24c · Other expenses: Miscellaneous
total $1,087 · management and general $1,087
-
24d · Other expenses: Bike expenses
total $378 · program services $378
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $53,834 · end of year $81,554
-
2 · Savings and temporary cash investments
beginning of year $150,271 · end of year $137,712
-
3 · Pledges and grants receivable
beginning of year $20,587 · end of year $11,549
-
4 · Accounts receivable
beginning of year $10,107 · end of year $476
-
8 · Inventories for sale or use
beginning of year $94,286 · end of year $93,652
-
9 · Prepaid expenses and deferred charges
beginning of year $5,358 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$11,689
-
10b · Land, buildings and equipment: accumulated depreciation
$4,376
-
10c · Land, buildings and equipment, net
beginning of year $9,651 · end of year $7,313
-
17 · Accounts payable and accrued expenses
beginning of year $28,485 · end of year $15,014
-
19 · Deferred revenue
end of year $25,500
-
23 · Secured mortgages and notes payable
beginning of year $150,000 · end of year $150,000
-
27 · Net assets without donor restrictions
beginning of year $165,609 · end of year $141,742
Mission and programs · 2023
Mission
Free Bikes 4 Kidz MN is a non-profit organization geared toward helping all kids ride into a happier, healthier childhood by providing bikes to those most in need.
Activities or mission (Part I)
Helping kids ride into a happier, healthier childhood by providing bikes to those in need.
-
In 2023, we continued our mission to provide bikes to children most in need. Through concerted efforts, we rallied the community to donate gently used bikes and then organized thousands of volunteers to clean and refurbish them. This year, we were able to work with our community partners to distribute 2,395 bikes to youth across Minnesota, while also ensuring that kids had new helmets to ride their bikes with.
Expenses $425,713 · Grants $250,294
-
In February 2019, the Organization acquired the rights to the MN Ironman Bike Ride. The legendary ride is the longest running organized ride in Minnesota. From humble beginnings in 1967, MN Ironman Bike Ride has grown to thousands of riders proudly riding it annually. The Organization resumed the ride in conjunction with community event in Shakopee, MN in 2023 on June 17, 2023. This event was the primary fundraiser for the year through registrations and donations it profited over $20,000. In 2024, we will be rebranding the event to the Freebike and holding the event on June 1st.
As filed on the 2023 return.
Listed in Part VII
-
Dan Swartz
Co-Chair
- Total calculated
- $0
- Hours/week
- 4
-
Jeff Lundgren
Co-Chair
- Total calculated
- $0
- Hours/week
- 4
-
Matthew Kennedy
Treasurer
- Total calculated
- $0
- Hours/week
- 8
-
Gretchen Graham
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Maureen Vischer
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
David Rulifson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Fred Borstad
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Joan Weber
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Adam Clarke
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Britt Monson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Linda Stone
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Martha Hoeppner
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Phil Wolpers
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Nicholas Garbis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jay Zemke
MN Executive Director
- Total calculated
- $90,135
- From this org
- $85,000
- From related orgs
- $0
- Other
- $5,135
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$7,497
Financial support for the national organization.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421559349301037
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