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Nonprofiteer
← FREE BIKES 4 KIDZ

Form 990 for tax year 2022

Filed by FREE BIKES 4 KIDZ.

Totals

Total revenue
$308,020
Total expenses
$370,292
Contributions and grants received
$308,000
Grants paid
$220,435
Program service revenue
$0
Investment income
$20
Other revenue
$0
Total assets, end of year
$39,261
Total liabilities, end of year
$12,009
Net assets or fund balances, end of year
$27,252
Program services expenses (Part IX)
$326,644
Management and general expenses
$3,581
Fundraising expenses
$40,067
Program service expenses (Part III)
$326,644

Program services were 88.2% 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

    $29,662

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $278,338

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $20 · related or exempt $20 · 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

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $220,435 · program services $220,435

  • 5 · Compensation of officers, directors and key employees

    total $104,148 · program services $87,366 · management and general $2,116 · fundraising $14,666

  • 8 · Pension plan contributions

    total $3,052 · program services $2,613 · management and general $0 · fundraising $439

  • 9 · Other employee benefits

    total $4,479 · program services $3,704 · management and general $0 · fundraising $775

  • 10 · Payroll taxes

    total $8,412 · program services $7,059 · management and general $168 · fundraising $1,185

  • 11a · Fees: management

    total $784 · program services $594 · management and general $90 · fundraising $100

  • 12 · Advertising and promotion

    total $14,274 · program services $975 · management and general $0 · fundraising $13,299

  • 13 · Office expenses

    total $860 · program services $72 · management and general $757 · fundraising $31

  • 14 · Information technology

    total $9,572 · program services $0 · management and general $0 · fundraising $9,572

  • 17 · Travel

    total $3,826 · program services $3,826 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $450 · program services $0 · management and general $450 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $88,536 · end of year $25,766

  • 2 · Savings and temporary cash investments

    end of year $2,002

  • 3 · Pledges and grants receivable

    beginning of year $12,595 · end of year $5,801

  • 4 · Accounts receivable

    beginning of year $9,000 · end of year $5,692

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,608 · end of year $12,009

  • 27 · Net assets without donor restrictions

    beginning of year $74,523 · end of year $26,252

  • 28 · Net assets with donor restrictions

    beginning of year $15,000 · end of year $1,000

Mission and programs · 2022

Mission

Passionate about the wellbeing of children, Free Bikes 4 Kidz(R) brinbgs communities together to sustainably furnish bikes to kids in need, providing a pathway to health, happiness and opportunity.

  • Free Bikes 4 Kidz (FB4K) currently has affiliates in 19 cities with a goal of expanding to 100 markets nationally. In 2022, our affiliates collected donated bikes from members of their communities, organized thousands of volunteers to clean and refurbish them, and finally, partnering with local nonprofits, they gave over 26,000 bikes to children in need. As a byproduct of this process, we have kept tens of thousands of bikes out of landfills in 2022. Any bike that is beyond repair is stripped down for salvageable parts and then sent to a local recycling center. Not only have we made 26,000 kids smile in 2022, enabling them to ride into a happier and healthier future, we have engaged the community in doing so, while doing our part to save the planet.

    Expenses $94,998 · Revenue $87,585

  • In 2022, Free Bike 4 Kidz created a new program which enabled us to to augment our affiliates' impact by arranging for an additional 1,800 bikes to be delivered to them for distribution to children in need in their markets. This new program focuses on working with bike manufacturing and retail partners to source the bikes, eliminating waste and inefficiencies in their process. We are excited to see this program grow in the years to come.

    Expenses $231,646 · Grants $220,435 · Revenue $220,435

As filed on the 2022 return.

Listed in Part VII

  • Terry Esau

    Executive Director

    Total calculated
    $90,998
    From this org
    $84,000
    From related orgs
    $0
    Other
    $6,998
    Hours/week
    40

  • Milissa Rick

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Jeff Lundgren

    Treasurer

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Chris Larson

    Board Member

    Total calculated
    $0
    Hours/week
    4

  • Marc Swiontkowski

    Board Member

    Total calculated
    $0
    Hours/week
    2

  • Brad Hosack

    Board Member

    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

Provenance

Return type
form_990
Tax year
2022
Filed
18 October 2023
IRS schema version
2022v5.0
Source object
202322919349301902

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