Free Bikes 4 Kidz Madison Inc
- Assets
- $77.4k
- Revenue
- $185.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, WI
- Founding
- 11/2016
- Data as of
- 06/2023
- EIN
- 81-4356356
Organization Overview
Free Bikes 4 Kidz Madison Inc is located in Madison, WI. The organization was established in 2016. According to its NTEE Classification (O19) the organization is classified as: Support N.E.C., under the broad grouping of Youth Development and related organizations. As of 06/2023, Free Bikes 4 Kidz Madison Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Bikes 4 Kidz Madison 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 06/2023, Free Bikes 4 Kidz Madison Inc generated $185.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $156.1k during the year ending 06/2023. While expenses have increased by 16.9% per year over the past 5 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
FREE BIKES 4 KIDZ MADISON IS GEARED TOWARD HELPING ALL KIDS RIDE INTO A HAPPIER, HEALTHIER CHILDHOOD BY PROVIDING BIKES TO MARGINALIZED COMMUNITIES IN DANE COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE BIKES 4 KIDZ MADISON IS GEARED TOWARD HELPING ALL KIDS RIDE INTO A HAPPIER, HEALTHIER CHILDHOOD BY PROVIDING BIKES TO MARGINALIZED COMMUNITIES IN DANE COUNTY.
BIKE EDUCATION: TEACHING HOW TO RIDE, EDUCATION ON LAWS OF THE ROADS, TEACHING HOW TO PROPERLY FIT HELMETS, AND TEACHING MINOR BIKE REPAIRS LIKE CHANGING FLAT TIRES.
BIKE SALES AND SERVICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristie Goforth Executive Di | Trustee | 40 | $37,000 |
Mary Zinn President | OfficerTrustee | 0.5 | $0 |
Andrew Litt Secretary | OfficerTrustee | 0.5 | $0 |
Simon Fallai Vice-Preside | OfficerTrustee | 0.5 | $0 |
Mike Ivey Treasurer | OfficerTrustee | 0.5 | $0 |
Tekema Balentine Director | Trustee | 0.5 | $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 | $165,678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,678 |
| Total Program Service Revenue | $0 |
| Investment income | $453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $25,978 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,010 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $185,451 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $37,000 |
| Compensation of current officers, directors, key employees. | $18,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $793 |
| Payroll taxes | $7,782 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,773 |
| Office expenses | $9,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,500 |
| Travel | $1,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $900 |
| Insurance | $2,194 |
| All other expenses | $7,404 |
| Total functional expenses | $156,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,093 |
| Savings and temporary cash investments | $44,941 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,850 |
| 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 | $1,269 |
| Net Land, buildings, and equipment | $3,225 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $77,378 |
| Accounts payable and accrued expenses | $9,495 |
| 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 | $0 |
| Total liabilities | $9,495 |
| Net assets without donor restrictions | $67,883 |
| 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 | $77,378 |
Peer Organizations
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|---|---|---|
Fenwick Girls Hockey Club Inc Oak Park, IL | $47,780 | $386,754 |
Global Neuro Ycare Inc Milwaukee, WI | $171,434 | $525,007 |
Jennings Development Interplex Kalamazoo, MI | $876,248 | $366,247 |
Young Black & Lit Evanston, IL | $758,190 | $286,690 |
Free Bikes 4 Kidz Madison Inc Madison, WI | $77,378 | $185,451 |
Tru Vision Productions Nfp Cntry Clb Hls, IL | $15,298 | $0 |
Camp Eastman Development Assn West Burlington, IA | $166,561 | $0 |
Respectacle Inc Hudson, WI | $259,127 | $0 |
John Paul Ii League Of Chapters Kentwood, MI | $31,166 | $0 |
Board Of Regents Of The University Of Wisconsin System Luxemburg, WI | $224,006 | $0 |
Grundy County Friends Seneca, IL | $35,365 | $0 |
Help Heal Humanity Inc Nfp Chicago, IL | $332 | $0 |
Hiawathaland Camp Corporation Appleton, WI | $725,669 | $0 |