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Nonprofiteer
← FREE BIKES 4 KIDZ MARYLAND INC

Form 990 for tax year 2023

Filed by FREE BIKES 4 KIDZ MARYLAND INC.

Totals

Total revenue
$414,566
Total expenses
$367,717
Contributions and grants received
$414,566
Grants paid
$330,266
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$190,525
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$190,525
Program services expenses (Part IX)
$361,556
Management and general expenses
$6,161
Fundraising expenses
$0
Program service expenses (Part III)
$361,556

Program services were 98.3% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $7,572

  • 1f · All other contributions, gifts and grants

    $406,994

  • 1g · Noncash contributions included above

    $365,713

  • 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 $0 · program services $0

  • 2 · Grants to domestic individuals

    total $330,266 · program services $330,266

  • 11c · Fees: accounting

    total $1,050 · management and general $1,050

  • 12 · Advertising and promotion

    total $512 · program services $512

  • 13 · Office expenses

    total $99 · management and general $99

  • 14 · Information technology

    total $1,267 · program services $1,267

  • 15 · Royalties

    total $2,397 · management and general $2,397

  • 16 · Occupancy

    total $3,582 · program services $3,582

  • 23 · Insurance

    total $2,615 · management and general $2,615

  • 24a · Other expenses: Bike refurbishing parts and supplies

    total $9,387 · program services $9,387 · management and general $0 · fundraising $0

  • 24b · Other expenses: Transportation of bicycles

    total $4,776 · program services $4,776 · management and general $0 · fundraising $0

  • 24c · Other expenses: Scrapped bicycles

    total $5,989 · program services $5,989 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $5,777 · program services $5,777

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,580 · end of year $32,812

  • 15 · Other assets

    beginning of year $115,096 · end of year $157,713

  • 27 · Net assets without donor restrictions

    beginning of year $143,676 · end of year $190,525

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

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.

  • Collect, refurbish, and give away bicycles with new helmets to underserved children.

    Expenses $361,556 · Grants $330,266

  • Sponsor free bike repair and information sessions. We conducted several free information and repair sessions at local schools and libraries.

As filed on the 2023 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
    3

  • Tom Lewis

    Director

    Total calculated
    $0
    Hours/week
    2

  • Marc Tolson

    Director

    Total calculated
    $0
    Hours/week
    3

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
2023
Filed
14 July 2024
IRS schema version
2023v5.0
Source object
202422189349300007

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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