Free Bikes 4 Kidz Maryland Inc
- Assets
- $131.0k
- Revenue
- $299.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, MD
- Founding
- 09/2019
- Data as of
- 06/2022
- EIN
- 84-2462535
Organization Overview
Free Bikes 4 Kidz Maryland Inc, operating under the name Free Bikes 4 Kidz Maryland, is located in Columbia, MD. The organization was established in 2019. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., 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. Free Bikes 4 Kidz Maryland 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 06/2022, Free Bikes 4 Kidz Maryland generated $299.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $250.0k during the year ending 06/2022. While expenses have increased by 11.2% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COLLECT, REFURBISH, AND GIVE AWAY BICYCLES AND NEW HELMETS TO UNDERSERVED CHILDREN AND SUPPPORT PROGRAMS THAT ENCOURAGE THOSE CHILDREN TO RIDE BICYCLES; ALSO PROVIDE FREE BIKE REPAIR CLINICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLECT, REFURBISH, AND GIVE AWAY BICYCLES WITH NEW HELMETS TO UNDER-SERVED CHILDREN.
PROVIDED FREE BICYCLE REPAIR CLINICS. THIS PROGRAM SERVICE WAS DRIVEN BY PANDEMIC-RELATED SHORTAGES AND THE INABILITY OF BICYCLE REPAIR SHOPS TO KEEP UP WITH DEMAND. WE CONDUCTED SEVERAL FREE 3-HOUR BIKE REPAIR SESSIONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Shultz Vice Preside | OfficerTrustee | 2 | $0 |
Edward Cochran President | OfficerTrustee | 20 | $0 |
Christopher Tsien Secretary/tr | OfficerTrustee | 1 | $0 |
Marc Tolson Director | Trustee | 1 | $0 |
Tom Lewis Director | Trustee | 1 | $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 | $299,033 |
| Noncash contributions included in lines 1a–1f | $279,995 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $299,033 |
| 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 | $299,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $223,637 |
| 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 | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,625 |
| Advertising and promotion | $2,004 |
| Office expenses | $0 |
| Information technology | $306 |
| Royalties | $0 |
| Occupancy | $644 |
| Travel | $0 |
| 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 | $194 |
| All other expenses | $706 |
| Total functional expenses | $250,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,952 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $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 | $121,032 |
| Total assets | $130,984 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $130,984 |
| 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 | $130,984 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Free Bikes 4 Kidz Maryland Inc has recieved totaling $6,544.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $6,539 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |
Vysa For Land Preservation Fredericksburg, VA | $6,332,662 | $617,000 |
Cherry Blossom Inc Bethesda, MD | $848,727 | $1,212,543 |
Riverside Camping Assn Lancaster, PA | $1,315,552 | $1,190,999 |
South County Athletic Association Lorton, VA | $414,265 | $1,243,554 |
Big Picture Alliance Philadelphia, PA | $507,623 | $596,811 |