Bikes For Kids Inc
- Assets
- $160.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Centerbrook, CT
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 27-4863710
Organization Overview
Bikes For Kids Inc is located in Centerbrook, CT. The organization was established in 2012. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bikes For Kids Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bikes For Kids Inc generated $60.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $50.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ali Muir Treasurer | 0 | $0 | |
Karl Jens Secretary | 0 | $0 | |
Michele Wytas Vice-Preside | 0 | $0 | |
Edward Barrientos President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,114 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $413 |
| Gain or Loss | $2,363 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $60,890 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $860 |
| Occupancy, rent, utilities, and maintenance | $32,040 |
| Printing, publications, postage, and shipping | $177 |
| Other expenses | $17,471 |
| Total expenses | $50,548 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,253 |
| Other assets | $0 |
| Total assets | $160,503 |
| Total liabilities | $4,562 |
| Net assets or fund balances | $155,941 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Bikes For Kids Inc has recieved totaling $7,630.
| Awarding Organization | Amount |
|---|---|
Trumbull Family Foundation Inc West Simsbury, CT PURPOSE: UNRESTRICTED | $5,000 |
Ernest And Joan Trefz Foundation Bridgeport, CT PURPOSE: IN FURTHERANCE OF STATED OBJECTIVES OF THE FOUNDATION | $2,000 |
Joe And Cindy Goldberg Family Foundation Inc Guilford, CT PURPOSE: ACQUIRE & REPAIR BIKES FOR NEEDY CHILDREN | $500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $80 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $50 |
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