Pedal Power
- Assets
- $121.5k
- Revenue
- $42.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 07/2017
- Data as of
- 12/2021
- EIN
- 82-1022765
Organization Overview
Pedal Power is located in Minneapolis, MN. The organization was established in 2017. According to its NTEE Classification (N20) the organization is classified as: Camps, 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. Pedal Power 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, Pedal Power generated $42.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $28.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE AND PREPARE NEW BIKES FOR EDUCATION CLASSES
BIKE EDUCATION CLASSES BEFORE PANDEMIC
REPAIR EXISTING BIKES
FUNDRAISING CAMPAIGN TO REPLACE STOLEN TRAILER AND BIKES
ACQUIRE AND PREPARE NEW BIKES FOR EDUCATION CLASSES
BIKE EDUCATION CLASSES BEFORE PANDEMIC
REPAIR EXISTING BIKES
FUNDRAISING CAMPAIGN TO REPLACE STOLEN TRAILER AND BIKES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Miller Secretary | 2 | $0 | |
Susan Tuck Treasurer | 2 | $0 | |
Tammy Mclemore Member | 2 | $0 | |
Mark Trumper Advocacy | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,802 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,000 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $8,593 |
| Occupancy | $2,500 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,250 |
| Other expenses | $14,965 |
| Total operating and administrative expenses | $28,308 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $28,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,685 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $44,800 |
| Other assets | $0 |
| Total assets | $121,485 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Pedal Power has recieved totaling $51,275.
| Awarding Organization | Amount |
|---|---|
Vista Outdoor Corporate Foundation AKA Vista Outdoor Foundation Wilmington, DE PURPOSE: EXPENDITURE RESPONSIBILITY GRANT | $25,000 |
The Specialized Foundation Morgan Hill, CA PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $20,025 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camp Manitowish Y M C A Inc Boulder Junction, WI | $24,143,360 | $5,245,713 |
International Peace Garden Inc Dunseith, ND | $3,180,815 | $4,960,701 |
True Friends Annandale, MN | $16,949,001 | $5,336,118 |
Forest Springs Camp And Conference Center Inc Westboro, WI | $11,536,806 | $6,135,628 |
Fort Wilderness Ministries Incorporated Mcnaughton, WI | $9,536,857 | $6,032,282 |
Herzl Camp Association St Louis Park, MN | $11,149,154 | $3,768,685 |
Minnesota Youth Athletic Services Inc Spring Lake Park, MN | $3,485,430 | $4,517,573 |
Blaine Soccer Club Blaine, MN | $1,122,392 | $1,952,947 |
Bridging The Dental Gap Inc Bismarck, ND | $626,790 | $1,988,998 |
Camp Gray Inc Reedsburg, WI | $7,933,907 | $2,093,984 |
Lake Lundgren Bible Camp Inc Pembine, WI | $1,930,943 | $1,599,937 |
Clearwater Camp Foundation Minocqua, WI | $9,432,620 | $1,871,587 |