Strider Education Foundation Inc
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Rapid City, SD
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-4580473
Organization Overview
Strider Education Foundation Inc is located in Rapid City, SD. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Strider Education Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Strider Education Foundation 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 12/2023, Strider Education Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 50.1% each year . All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 54.5% 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.
Since 2019, Strider Education Foundation Inc has awarded 104 individual grants totaling $1,672,842. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE STRIDER EDUCATION FOUNDATION'S MISSION THROUGH THE ALL KIDS BIKE PROGRAM IS TO TEACH EVERY CHILD IN AMERICA HOW TO RIDE A BIKE IN KINDERGARTEN PE CLASS. OUR INITIATIVE PROVIDES CHILDREN THE OPPORTUNITY TO LEARN HOW TO RIDE A BIKE, A SKILL THAT FOSTERS INDEPENDENCE, CONFIDENCE, AND FITNESS. OFTEN, WE ASSUME THAT LEARNING TO RIDE A BIKE IS A CHILDHOOD RITE OF PASSAGE. THE REALITY IS THIS IS NOT NECESSARILY A SKILL BEING TAUGHT AT HOME, WHETHER IT BE FAMILY FINANCIAL DIFFICULTIES, LACK OF TIME, LACK OF SPACE, OR ANY OTHER REASON. HAVING INSTRUCTION AND EQUIPMENT AT THE SCHOOLS HAS PROVEN TO BE A SUCCESSFUL SOLUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STRIDER EDUCATION FOUNDATION ACCOMPLISHES ITS MISSION OF TEACHING CHILDREN HOW TO RIDE A BIKE THROUGH ONE MAIN PROGRAM. ALL KIDS BIKE IS A NATIONAL MOVEMENT TO PLACE LEARN-TO-RIDE PROGRAMS INTO KINDERGARTEN PE CLASSES IN SCHOOLS ACROSS THE NATION WITH DONATIONS, GRANTS, AND PARTNERSHIPS FROM INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS. THE FOUNDATION WAS ORGANIZED AND RECEIVED THEIR 501(C)(3) STATUS IN MARCH 2017. IN 2018, A FORMAL KINDERGARTEN PE CURRICULUM WAS CREATED FOR A MORE STRUCTURED PROGRAM, AND THE ALL KIDS BIKE INITIATIVE WAS DEVELOPED. 37 PROGRAMS WERE DELIVERED IN 2018. IN 2019, WE CONTINUED TO GROW AND DELIVERED 98 PROGRAMS. IN 2020, WORD SPREAD ABOUT OUR PROGRAM AND THE POSITIVE BENEFITS OF HAVING A SUCCESSFUL LEARN-TO-RIDE BIKE CURRICULUM IN A SCHOOL PE CLASS, AND WE DELIVERED 126 PROGRAMS. IN 2021, WE DELIVERED 184 PROGRAMS. 2022 WAS A PIVOTAL YEAR FOR US WHERE WE DELIVERED 380 PROGRAMS. 2023 WE HAD AN INCREASE IN DONATIONS AND WILL WORK ON DELIVERING PROGRAMS TO EVERY ELEMENTARY SCHOOL IN ONE STATE. PROGRAMS DELIVERED WERE 326 IN 2023. THE STRIDER EDUCATION FOUNDATION HAS DELIVERED OVER 1100 PROGRAMS IN ALL 50 STATES WHICH IMPACTS OVER 120,000 STUDENTS ON AN ANNUAL BASIS AND OVER 1.2 MILLION THROUGHOUT THE 10-YEAR LIFESPAN OF THE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Weyer Executive Di | Officer | 40 | $17,806 |
Jack Lynass President | OfficerTrustee | 0.25 | $0 |
Rod Woodruff Vice Preside | OfficerTrustee | 0.25 | $0 |
Ryan Mcfarland Secretary/tr | OfficerTrustee | 0.25 | $0 |
Rene Creed Board Member | Trustee | 0.25 | $0 |
Brian Klock Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $323,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,425,360 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,748,960 |
| Total Program Service Revenue | $0 |
| Investment income | $26,511 |
| 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 | -$49,940 |
| Net Income from Sales of Inventory | $151,307 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,876,838 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $913,314 |
| 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. | $17,806 |
| Compensation of current officers, directors, key employees. | $10,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,454 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $339,111 |
| Advertising and promotion | $59,030 |
| Office expenses | $19,457 |
| Information technology | $13,667 |
| Royalties | $0 |
| Occupancy | $37,200 |
| Travel | $50,505 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,467 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $331 |
| All other expenses | $9,545 |
| Total functional expenses | $1,538,333 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,551,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,000 |
| Accounts receivable, net | $67,545 |
| 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 | $2,792 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,649,941 |
| Accounts payable and accrued expenses | $126,530 |
| Grants payable | $0 |
| Deferred revenue | $1,294,400 |
| 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 | $1,420,930 |
| Net assets without donor restrictions | $694,200 |
| Net assets with donor restrictions | $534,811 |
| 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 | $2,649,941 |
Grants Awarded
Over the last fiscal year, Strider Education Foundation Inc has awarded $616,590 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
ROTTERDAM-MOHONASEN CSD PURPOSE: LEARN RIDE PROGRAM | $5,350 |
SOUTH JEFFERSON CENTRAL SCHOOL DIST PURPOSE: LEARN RIDE PROGRAM | $5,115 |
DERUYTER CENTRAL SCHOOL DISTRICT PURPOSE: LEARN RIDE PROGRAM | $5,210 |
METHACTON SCHOOL DISTRICT PURPOSE: LEARN RIDE PROGRAM | $5,115 |
BRIDGEWATER EMERY ELEMENTARY PURPOSE: LEARN RIDE PROGRAM | $5,210 |
PIQUA CITY SCHOOLS PURPOSE: LEARN RIDE PROGRAM | $10,230 |