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Nonprofiteer
← BIKES FOR THE WORLD INC

Form 990 for tax year 2023

Filed by BIKES FOR THE WORLD INC.

Totals

Total revenue
$1,891,357
Total expenses
$1,923,119
Contributions and grants received
$1,669,368
Grants paid
$1,356,681
Program service revenue
$201,278
Investment income
$6,052
Other revenue
$14,659
Total assets, end of year
$484,580
Total liabilities, end of year
$210,587
Net assets or fund balances, end of year
$273,993
Program services expenses (Part IX)
$1,826,431
Management and general expenses
$70,684
Fundraising expenses
$26,004
Program service expenses (Part III)
$1,826,431

Program services were 95.0% 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

    $1,669,368

  • 1g · Noncash contributions included above

    $1,356,681

  • 2a · Program service revenue: Shipping Revenue

    total $201,278 · related or exempt $201,278

  • 3 · Investment income

    total $6,052 · excluded $6,052

  • 10a · Gross sales of inventory

    $34,876

  • 10b · Cost of goods sold

    $20,655

  • 10c · Net income from sales of inventory

    total $14,221 · related or exempt $14,221

  • 11a · Other revenue: Other

    total $438 · related or exempt $438

  • 11e · Other revenue, total

    $438

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $1,356,681 · program services $1,356,681

  • 5 · Compensation of officers, directors and key employees

    total $76,032 · program services $63,317 · management and general $7,091 · fundraising $5,624

  • 7 · Other salaries and wages

    total $132,705 · program services $110,512 · management and general $12,376 · fundraising $9,817

  • 10 · Payroll taxes

    total $15,726 · program services $13,096 · management and general $1,467 · fundraising $1,163

  • 11c · Fees: accounting

    total $28,110 · management and general $28,110

  • 11g · Fees: other

    total $4,425 · management and general $4,425

  • 13 · Office expenses

    total $17,202 · program services $7,531 · management and general $6,964 · fundraising $2,707

  • 14 · Information technology

    total $7,247 · management and general $1,667 · fundraising $5,580

  • 16 · Occupancy

    total $85,559 · program services $85,559

  • 17 · Travel

    total $6,320 · program services $6,320

  • 22 · Depreciation, depletion and amortization

    total $5,494 · management and general $5,494

  • 23 · Insurance

    total $12,362 · program services $8,159 · management and general $3,090 · fundraising $1,113

  • 24a · Other expenses: Shipping

    total $175,256 · program services $175,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,784 · end of year $42,166

  • 2 · Savings and temporary cash investments

    beginning of year $91,114 · end of year $20,751

  • 4 · Accounts receivable

    beginning of year $28,050 · end of year $32,716

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,120 · end of year $17,509

  • 10a · Land, buildings and equipment: cost or other basis

    $26,938

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,237

  • 10c · Land, buildings and equipment, net

    beginning of year $13,195 · end of year $7,701

  • 11 · Investments: publicly traded securities

    end of year $196,000

  • 15 · Other assets

    beginning of year $230,639 · end of year $167,737

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,408 · end of year $20,416

  • 25 · Other liabilities

    beginning of year $256,739 · end of year $190,171

  • 27 · Net assets without donor restrictions

    beginning of year $305,755 · end of year $273,993

Mission and programs · 2023

Mission

See Schedule O.

  • During the 2023 tax year, Bikes for the World (BFW) enlisted the participation and assistance of some 60 U.S. community service individual volunteers to collect 11,915 used bicycles and donate them to program partners in 10 countries: The U.S. El Salvador, Costa Rica, Barbados, Ghana, Burkina Faso, Madagascar, Rwanda, Sierra Leone, and Kenya. Bicycles donated abroad provided access to employment, skills training, education, and health care. Bicycles donated in the United States provided transportation to low-income workers, and training and recreational opportunities for at-risk youth. BFWs volunteer-based efforts provide educational and rewarding community service opportunities to volunteers of all ages, enabling many to meet service requirements for high school graduation, Boy Scout and Girl Scout Eagle and Gold Ranks, Bar Mitzvah Service, and more.

    Expenses $1,826,431 · Grants $1,356,681 · Revenue $201,278

As filed on the 2023 return.

Listed in Part VII

  • Taylor Jones

    Executive Director

    Total calculated
    $79,632
    From this org
    $76,032
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    40
  • Barry Holt

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Caroline Hermann

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Arend Kouwenaar

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Michael Carson

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Carlos Davila

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Peter Harrold

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Peter Bailey

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Tom McCarthy

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Joseph Leitmann

    Board Member

    Total calculated
    $0
    Hours/week
    3
  • Keith Oberg

    Executive Director Emeritus

    Total calculated
    $0
    Hours/week
    3
  • Karen Hendrixson

    Chair

    Total calculated
    $0
    Hours/week
    5
  • Wolfgang McGavran

    Secretary

    Total calculated
    $0
    Hours/week
    3
  • Evan McDonnell

    Treasurer

    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
17 December 2024
IRS schema version
2023v5.1
Source object
202403529349300010

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