Totals
- Total revenue
- $833,262
- Total expenses
- $1,725,538
- Contributions and grants received
- $854,055
- Grants paid
- $1,286,637
- Program service revenue
- $0
- Investment income
- $224
- Other revenue
- -$21,017
- Total assets, end of year
- $344,094
- Total liabilities, end of year
- $178,485
- Net assets or fund balances, end of year
- $165,609
- Program services expenses (Part IX)
- $1,661,483
- Management and general expenses
- $49,367
- Fundraising expenses
- $14,688
- Program service expenses (Part III)
- $1,661,483
Program services were 96.3% 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.
-
1c · Fundraising events
$75,179
-
1f · All other contributions, gifts and grants
$778,876
-
1g · Noncash contributions included above
$544,511
-
3 · Investment income
total $224 · excluded $224
-
8a · Fundraising events: gross income
$59,019
-
8a · Fundraising events: contributions included on line 1c
$75,179
-
8b · Fundraising events: direct expenses
$80,036
-
8c · Net income from fundraising events
total -$21,017 · excluded -$21,017
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $11,580 · program services $11,580
-
2 · Grants to domestic individuals
total $1,275,057 · program services $1,275,057
-
5 · Compensation of officers, directors and key employees
total $66,683 · program services $62,330 · management and general $3,141 · fundraising $1,212
-
7 · Other salaries and wages
total $198,629 · program services $187,056 · management and general $9,042 · fundraising $2,531
-
9 · Other employee benefits
total $2,853 · program services $2,539 · management and general $163 · fundraising $151
-
10 · Payroll taxes
total $19,871 · program services $18,714 · management and general $904 · fundraising $253
-
11c · Fees: accounting
total $15,700 · management and general $15,700
-
11g · Fees: other
total $33,592 · program services $26,045 · management and general $7,493 · fundraising $54
-
12 · Advertising and promotion
total $10,168 · fundraising $10,168
-
13 · Office expenses
total $7,218 · program services $2,226 · management and general $4,992
-
16 · Occupancy
total $24,435 · program services $24,435
-
17 · Travel
total $12,955 · program services $12,955
-
22 · Depreciation, depletion and amortization
total $838 · program services $838
-
23 · Insurance
total $12,767 · program services $5,417 · management and general $7,331 · fundraising $19
-
24a · Other expenses: Bike expenses
total $13,395 · program services $13,395
-
24b · Other expenses: Affiliate fees
total $10,596 · program services $10,596
-
24c · Other expenses: Volunteer materials
total $5,786 · program services $5,786
-
24d · Other expenses: Events
total $2,701 · program services $2,401 · fundraising $300
-
24e · All other expenses
total $714 · program services $113 · management and general $601
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $329,014 · end of year $53,834
-
2 · Savings and temporary cash investments
end of year $150,271
-
3 · Pledges and grants receivable
beginning of year $55,469 · end of year $20,587
-
4 · Accounts receivable
beginning of year $11,634 · end of year $10,107
-
8 · Inventories for sale or use
beginning of year $821,328 · end of year $94,286
-
9 · Prepaid expenses and deferred charges
beginning of year $2,042 · end of year $5,358
-
10a · Land, buildings and equipment: cost or other basis
$11,689
-
10b · Land, buildings and equipment: accumulated depreciation
$2,038
-
10c · Land, buildings and equipment, net
beginning of year $2,990 · end of year $9,651
-
17 · Accounts payable and accrued expenses
beginning of year $14,592 · end of year $28,485
-
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 $1,057,885 · end of year $165,609
Mission and programs · 2022
Mission
Free Bikes 4 Kidz MN is a non-profit organization geared towards helping kids ride into a happier, healthier childhood by providing bikes to those most in need. The public donates gently used bikes, and FB4K MN organizes thousands of volunteers to clean and refurbish them.
Activities or mission (Part I)
Helping kids ride into a happier, healthier childhood by providing bikes to those in need.
-
The year 2022 marked FB4K MN's 15th season. Despite another dificult season due to COVID-19, FB4KMN was still able to collect 5,749 bikes during the fall season and managed to safely organize 803 volunteers with varying skill levels within the community to help clean and refurbish 11,298 bikes. In 2022, FB4K MN worked with local nonprofit community partners to help identify and distribute these bikes to kids in need around the community. 6,378 bikes that were collected in 2021 were distributed during the spring season and 4,920 bikes were distributed during the fall season leaving no inventory at the end of 2022.
Expenses $1,661,483 · Grants $1,286,637
-
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 2022 on June 18, 2022. This event was the primary fundraiser for the year through registrations and donations it profited over $54,000. In 2023, we expect a relatively similar event to kick off the summer.
Revenue $14,516
As filed on the 2022 return.
Listed in Part VII
-
Tia Martinson
MN Executive Director (Former)
- Total calculated
- $60,098
- From this org
- $51,450
- From related orgs
- $0
- Other
- $8,648
- Hours/week
- 40
-
Jay Zemke
MN Executive Director
- Total calculated
- $6,585
- From this org
- $6,212
- From related orgs
- $0
- Other
- $373
- Hours/week
- 40
-
Maureen Vischer
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Matthew Kennedy
Treasurer
- Total calculated
- $0
- Hours/week
- 8
-
Dan Swartz
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Jeff Lundgren
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
-
Gretchen Graham
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
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
-
$11,580
Financial support for the national organization.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312839349300241
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