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Nonprofiteer
← FREE BIKES 4 KIDZ OF ATLANTA CO

Form 990 for tax year 2024

Filed by FREE BIKES 4 KIDZ OF ATLANTA CO.

Totals

Total revenue
$178,994
Total expenses
$124,504
Contributions and grants received
$178,994
Grants paid
$22,400
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$119,231
Total liabilities, end of year
$12,420
Net assets or fund balances, end of year
$106,811
Program services expenses (Part IX)
$85,089
Management and general expenses
$39,415
Fundraising expenses
$0
Program service expenses (Part III)
$85,089

Program services were 68.3% 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.

  • 1f · All other contributions, gifts and grants

    $178,994

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $22,400 · program services $22,400

  • 7 · Other salaries and wages

    total $33,846 · program services $25,384 · management and general $8,462

  • 10 · Payroll taxes

    total $2,589 · program services $1,942 · management and general $647

  • 11g · Fees: other

    total $1,115 · program services $279 · management and general $836

  • 12 · Advertising and promotion

    total $1,243 · program services $1,243

  • 13 · Office expenses

    total $3,174 · program services $1,587 · management and general $1,587

  • 14 · Information technology

    total $395 · program services $197 · management and general $198

  • 16 · Occupancy

    total $34,874 · program services $17,437 · management and general $17,437

  • 17 · Travel

    total $13 · program services $6 · management and general $7

  • 24a · Other expenses: CONTRACT LABOR

    total $20,098 · program services $10,049 · management and general $10,049

  • 24b · Other expenses: EVENTS

    total $1,571 · program services $1,571

  • 24c · Other expenses: DUES

    total $1,375 · program services $1,375

  • 24d · Other expenses: REPAIRS

    total $930 · program services $930

  • 24e · All other expenses

    total $881 · program services $689 · management and general $192

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,299 · end of year $96,757

  • 4 · Accounts receivable

    beginning of year $4,365 · end of year $17,824

  • 8 · Inventories for sale or use

    beginning of year $2,500 · end of year $2,500

  • 9 · Prepaid expenses and deferred charges

    end of year $2,150

  • 15 · Other assets

    beginning of year $2,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,948 · end of year $12,193

  • 25 · Other liabilities

    beginning of year $1,045 · end of year $227

  • 27 · Net assets without donor restrictions

    beginning of year $52,321 · end of year $106,811

Mission and programs · 2024

Mission

PROVIDING BIKES TO ALL KIDS THAT ARE IN MOST NEED.

  • SINCE 2016, FREE BIKES 4 KIDZ OF ATLANTA HAS COLLECTED OVER 5,083 NEW AND USED BIKES FROM HUNDREDS OF INDIVIDUALS AND DOZENS OF CORPORATIONS. IN THOSE SIX YEARS, "FB4KATL" WAS ABLE TO REFURBISH AND GIVE AWAY OVER 3,593 OF THOSE BIKES, AT AN AVERAGE COST OF 25 PER BIKE (INCLUDING A HELMET), TO UNDERSERVED CHILDREN IN THE ATLANTA COMMUNITY. IN 2024, THE ORGANIZATION RECEIVED 1,200 BICYCLES TO REFURBISH FOR THE UNDERSERVED COMMUNITY. IN ADDITION, 973 BIKES WERE DONATED TO THE CHILDREN. THE FAIR MARKET VALUE OF THE DONATED BICYCLES IS APPROXIMATELY 48,650. PLEASE REFER TO SCHEDULE I FOR MORE DETAILS.

    Expenses $85,089 · Grants $22,400

As filed on the 2024 return.

Listed in Part VII

  • Bill Wilson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    10
  • Brian Reed

    TREASURER

    Total calculated
    $0
    Hours/week
    15
  • Russ Debarros

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    10
  • Richard Mumford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Gina Diodata

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5
  • Holly Malerba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Nichole Hollis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
20 May 2025
IRS schema version
2024v5.0
Source object
202501409349301470

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