Bikes For The World Inc
- Assets
- $484.6k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 4
- Location
- Rockville, MD
- Founding
- 04/2011
- Data as of
- 06/2024
- EIN
- 27-5426399
Organization Overview
Bikes For The World Inc is located in Rockville, MD. The organization was established in 2011. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2024, Bikes For The World Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bikes For The World 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 06/2024, Bikes For The World Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $1.9m during the year ending 06/2024. While expenses have increased by 4.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Taylor Jones Executive Director | Officer | 40 | $76,032 |
Barry Holt Board Member | Trustee | 3 | $0 |
Caroline Hermann Board Member | Trustee | 3 | $0 |
Arend Kouwenaar Board Member | Trustee | 3 | $0 |
Michael Carson Board Member | Trustee | 3 | $0 |
Carlos Davila Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,669,368 |
| Noncash contributions included in lines 1a–1f | $1,356,681 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,669,368 |
| Total Program Service Revenue | $201,278 |
| Investment income | $6,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,221 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,891,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,356,681 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,032 |
| Compensation of current officers, directors, key employees. | $7,091 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $132,705 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,726 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,425 |
| Advertising and promotion | $0 |
| Office expenses | $17,202 |
| Information technology | $7,247 |
| Royalties | $0 |
| Occupancy | $85,559 |
| Travel | $6,320 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,494 |
| Insurance | $12,362 |
| All other expenses | $175,256 |
| Total functional expenses | $1,923,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,166 |
| Savings and temporary cash investments | $20,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,716 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,509 |
| Net Land, buildings, and equipment | $7,701 |
| Investments—publicly traded securities | $196,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $167,737 |
| Total assets | $484,580 |
| Accounts payable and accrued expenses | $20,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $190,171 |
| Total liabilities | $210,587 |
| Net assets without donor restrictions | $273,993 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $484,580 |
Grants Awarded
Over the last fiscal year, Bikes For The World Inc has awarded $18,807 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THANKFUL HEARTS FOOD PANTRY PURPOSE: EDUCATION AND EMPLOYMENT | $11,077 |
PHOENIX BIKES PURPOSE: EDUCATION AND EMPLOYMENT | $7,730 |