Form 990 for tax year 2024
Filed by FREE BIKES 4 KIDZ MARYLAND INC.
Totals
- Total revenue
- $491,761
- Total expenses
- $469,998
- Contributions and grants received
- $491,761
- Grants paid
- $405,235
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $212,288
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $212,288
- Program services expenses (Part IX)
- $460,008
- Management and general expenses
- $9,990
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $460,008
Program services were 97.9% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$10,638
-
1f · All other contributions, gifts and grants
$481,123
-
1g · Noncash contributions included above
$453,796
-
3 · Investment income
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6a · Gross rents
real property $0 · personal property $0
-
6b · Less rental expenses
real property $0 · personal property $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0 · unrelated business $0 · excluded $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $405,235 · program services $405,235
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $0 · program services $0 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $0 · program services $0 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $0 · program services $0 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $0 · program services $0 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $0 · program services $0 · management and general $0 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $0 · program services $0 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $0 · program services $0 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $4,606 · program services $4,606
-
12 · Advertising and promotion
total $454 · management and general $454
-
13 · Office expenses
total $320 · management and general $320
-
14 · Information technology
total $2,498 · management and general $2,498
-
15 · Royalties
total $1,466 · management and general $1,466
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $0 · program services $0 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0 · management and general $0 · fundraising $0
-
23 · Insurance
total $4,952 · management and general $4,952
-
24a · Other expenses: Bicycles scrapped
total $19,758 · program services $19,758 · management and general $0 · fundraising $0
-
24b · Other expenses: Bicycle repair parts
total $13,756 · program services $13,756 · management and general $0 · fundraising $0
-
24c · Other expenses: Transportation of bicycles (rental truck expenses)
total $9,262 · program services $9,262 · management and general $0 · fundraising $0
-
24d · Other expenses: Volunteer appreciation
total $4,108 · program services $4,108 · management and general $0 · fundraising $0
-
24e · All other expenses
total $3,583 · program services $3,283 · management and general $300
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $32,812 · end of year $9,640
-
15 · Other assets
beginning of year $157,713 · end of year $202,648
-
27 · Net assets without donor restrictions
beginning of year $190,525 · end of year $212,288
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2024
Mission
Free Bikes 4 Kidz is geared toward helping children ride into a happier, healthier, more independent childhood by providing bikes to those most in need. We collect bikes donated by the public, organize volunteers to clean and refurbish them, and give them away with a new helmet to children in need identified by partnering schools, religious and nonprofit organizations, and government social services agencies. We also encourage safe riding and sponsor free bike repair clinics.
Activities or mission (Part I)
Collect, refurbish, and give away bicycles with new helmets to children in need referred to us by schools, religious and nonprofit organizations, and government social services agencies. Support initiatives to make bicycling safer for children.
-
Collect, refurbish, and give away bicycles with new helmets to underserved children. In FY2025 we collected 3,555 bikes and refurbished and gave away 3,340.
Expenses $460,008 · Grants $405,235
-
Sponsor free bike repair and information sessions. We conducted eight free information and repair sessions at local libraries and events.
As filed on the 2024 return.
Listed in Part VII
-
Edward Cochran
President
- Total calculated
- $0
- Hours/week
- 30 + 1 related
-
Elizabeth Schultz
Vice President
- Total calculated
- $0
- Hours/week
- 6 + 1 related
-
Chris Tsien
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 8
-
Tom Lewis
Director
- Total calculated
- $0
- Hours/week
- 2
-
Marc Tolson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Pat Piet
Director
- Total calculated
- $0
- Hours/week
- 6
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
- 3 August 2025
- IRS schema version
- 2024v5.0
- Source object
- 202502169349300905
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