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Nonprofiteer
← FREE BIKES 4 KIDZ - DETROIT

Form 990 for tax year 2024

Filed by FREE BIKES 4 KIDZ - DETROIT.

Totals

Total revenue
$296,627
Total expenses
$268,428
Contributions and grants received
$292,076
Grants paid
$154,646
Program service revenue
$0
Investment income
$4,551
Other revenue
$0
Total assets, end of year
$240,239
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$240,239
Program services expenses (Part IX)
$268,428
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$268,428

Program services were 100.0% 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

    $292,076

  • 1g · Noncash contributions included above

    $205,456

  • 3 · Investment income

    total $4,551 · related or exempt $4,551

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $154,646 · program services $154,646

  • 7 · Other salaries and wages

    total $22,330 · program services $22,330

  • 11a · Fees: management

    total $750 · program services $750

  • 12 · Advertising and promotion

    total $3,391 · program services $3,391

  • 13 · Office expenses

    total $1,980 · program services $1,980

  • 16 · Occupancy

    total $52,600 · program services $52,600

  • 17 · Travel

    total $4,802 · program services $4,802

  • 23 · Insurance

    total $4,548 · program services $4,548

  • 24a · Other expenses: Bike parts, tools and cleaning supplies

    total $9,070 · program services $9,070 · management and general $0 · fundraising $0

  • 24b · Other expenses: Volunteer Appreciation

    total $9,537 · program services $9,537 · management and general $0 · fundraising $0

  • 24c · Other expenses: Storage/Transportation/Utilities/Worksite Supplies

    total $4,774 · program services $4,774 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $84,241 · end of year $89,714

  • 2 · Savings and temporary cash investments

    beginning of year $100,000 · end of year $104,551

  • 8 · Inventories for sale or use

    beginning of year $27,799 · end of year $45,974

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $212,040 · end of year $240,239

Mission and programs · 2024

Mission

FB4K is a non-profit organization geared towards helping kids ride into happier, healthier childhoods by providing bikes to those most in need. The public donates gently used bikes and FB4K refurbishes them and gives them to those in need.

Activities or mission (Part I)

FB4K is a non-profit organization geared towards helping kids ride into happier, healthier childhoods by providing bikes to those in need. The public donates gently used bikes and FB4K refurbishes them and gives them to those in need.

  • FB4K is a non-profit organization geared towards helping kids ride into happier, healthier childhoods by providing bikes to those most in need. The public donates gently used bikes and FB4K refurbishes them and gives them to those in need.

    Expenses $268,428 · Grants $154,646 · Revenue $296,627

As filed on the 2024 return.

Listed in Part VII

  • Bob Barnes

    Executive Director

    Total calculated
    $0
    Hours/week
    10
  • Larry Fieroh

    Treasurer

    Total calculated
    $0
    Hours/week
    6
  • Augie Engelhart

    Volunteer Coordinator and Board Member

    Total calculated
    $0
    Hours/week
    6
  • Collier Hardaway

    Director

    Total calculated
    $0
    Hours/week
    6
  • David Goldman

    Director

    Total calculated
    $0
    Hours/week
    9
  • Jody Barndt

    Director

    Total calculated
    $0
    Hours/week
    9
  • Art Bull

    Director

    Total calculated
    $0
    Hours/week
    9
  • Orelia Brown Burrows

    Director

    Total calculated
    $0
    Hours/week
    6
  • Sherry McLaughlin

    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
5 March 2025
IRS schema version
2024v5.0
Source object
202510699349300751

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