Free Bikes 4 Kidz Of Atlanta Co
- Assets
- $72.3k
- Revenue
- $109.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 05/2016
- Data as of
- 12/2023
- EIN
- 81-2018295
Organization Overview
Free Bikes 4 Kidz Of Atlanta Co is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Bikes 4 Kidz Of Atlanta Co 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 12/2023, Free Bikes 4 Kidz Of Atlanta Co generated $109.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $66.2k during the year ending 12/2023. While expenses have increased by 37.0% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING BIKES TO ALL KIDS THAT ARE IN MOST NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 2016, FREE BIKES 4 KIDZ OF ATLANTA HAS COLLECTED OVER 5,083 NEW AND USED BIKES FROM HUNDREDS OF INDIVIDUALS AND DOZENS OF CORPORATIONS. IN THOSE SIX YEARS, "FB4KATL" WAS ABLE TO REFURBISH AND GIVE AWAY OVER 3,593 OF THOSE BIKES, AT AN AVERAGE COST OF 25 PER BIKE (INCLUDING A HELMET), TO UNDERSERVED CHILDREN IN THE ATLANTA COMMUNITY. IN 2023, THE ORGANIZATION RECEIVED 883 BICYCLES TO REFURBISH FOR THE UNDERSERVED COMMUNITY. IN ADDITION, 218 BIKES WERE DONATED TO THE CHILDREN. PLEASE REFER TO SCHEDULE I FOR MORE DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margie Cohen Executive Di | Officer | 2 | $0 |
Tess Palmer Chairperson | OfficerTrustee | 2 | $0 |
Stephen Wolfe CFO | OfficerTrustee | 10 | $0 |
Sprague Paynter Secretary | OfficerTrustee | 5 | $0 |
Amy Patterson Board Member | Trustee | 2 | $0 |
Brian Reed Board Member | Trustee | 2 | $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 | $109,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,008 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $109,008 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,060 |
| Advertising and promotion | $1,956 |
| Office expenses | $4,517 |
| Information technology | $428 |
| Royalties | $0 |
| Occupancy | $32,457 |
| Travel | $824 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $2,237 |
| Total functional expenses | $66,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,500 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,150 |
| Total assets | $72,314 |
| Accounts payable and accrued expenses | $18,948 |
| 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 | $1,045 |
| Total liabilities | $19,993 |
| Net assets without donor restrictions | $52,321 |
| 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 | $72,314 |