Free Bikes 4 Kidz
- Assets
- $39.3k
- Revenue
- $308.0k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- Data as of
- 12/2022
- EIN
- 85-0780785
Organization Overview
Free Bikes 4 Kidz is located in St Louis Park, MN. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development 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 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 12/2022, Free Bikes 4 Kidz generated $308.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.8% each year . All expenses for the organization totaled $370.3k during the year ending 12/2022. 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
PASSIONATE ABOUT THE WELLBEING OF CHILDREN, FREE BIKES 4 KIDZ(R) BRINBGS COMMUNITIES TOGETHER TO SUSTAINABLY FURNISH BIKES TO KIDS IN NEED, PROVIDING A PATHWAY TO HEALTH, HAPPINESS AND OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE BIKES 4 KIDZ (FB4K) CURRENTLY HAS AFFILIATES IN 19 CITIES WITH A GOAL OF EXPANDING TO 100 MARKETS NATIONALLY. IN 2022, OUR AFFILIATES COLLECTED DONATED BIKES FROM MEMBERS OF THEIR COMMUNITIES, ORGANIZED THOUSANDS OF VOLUNTEERS TO CLEAN AND REFURBISH THEM, AND FINALLY, PARTNERING WITH LOCAL NONPROFITS, THEY GAVE OVER 26,000 BIKES TO CHILDREN IN NEED. AS A BYPRODUCT OF THIS PROCESS, WE HAVE KEPT TENS OF THOUSANDS OF BIKES OUT OF LANDFILLS IN 2022. ANY BIKE THAT IS BEYOND REPAIR IS STRIPPED DOWN FOR SALVAGEABLE PARTS AND THEN SENT TO A LOCAL RECYCLING CENTER. NOT ONLY HAVE WE MADE 26,000 KIDS SMILE IN 2022, ENABLING THEM TO RIDE INTO A HAPPIER AND HEALTHIER FUTURE, WE HAVE ENGAGED THE COMMUNITY IN DOING SO, WHILE DOING OUR PART TO SAVE THE PLANET.
IN 2022, FREE BIKE 4 KIDZ CREATED A NEW PROGRAM WHICH ENABLED US TO TO AUGMENT OUR AFFILIATES' IMPACT BY ARRANGING FOR AN ADDITIONAL 1,800 BIKES TO BE DELIVERED TO THEM FOR DISTRIBUTION TO CHILDREN IN NEED IN THEIR MARKETS. THIS NEW PROGRAM FOCUSES ON WORKING WITH BIKE MANUFACTURING AND RETAIL PARTNERS TO SOURCE THE BIKES, ELIMINATING WASTE AND INEFFICIENCIES IN THEIR PROCESS. WE ARE EXCITED TO SEE THIS PROGRAM GROW IN THE YEARS TO COME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Esau Executive Director | OfficerTrustee | 40 | $84,000 |
Milissa Rick Chair | OfficerTrustee | 4 | $0 |
Jeff Lundgren Treasurer | OfficerTrustee | 4 | $0 |
Chris Larson Board Member | Trustee | 4 | $0 |
Marc Swiontkowski Board Member | Trustee | 2 | $0 |
Brad Hosack Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $29,662 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,338 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $308,000 |
| Total Program Service Revenue | $0 |
| Investment income | $20 |
| 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 | $308,020 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $220,435 |
| 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. | $104,148 |
| Compensation of current officers, directors, key employees. | $2,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,052 |
| Other employee benefits | $4,479 |
| Payroll taxes | $8,412 |
| Fees for services: Management | $784 |
| 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 | $0 |
| Advertising and promotion | $14,274 |
| Office expenses | $860 |
| Information technology | $9,572 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,826 |
| 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 | $450 |
| All other expenses | $0 |
| Total functional expenses | $370,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,766 |
| Savings and temporary cash investments | $2,002 |
| Pledges and grants receivable | $5,801 |
| Accounts receivable, net | $5,692 |
| 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 | $0 |
| Total assets | $39,261 |
| Accounts payable and accrued expenses | $12,009 |
| 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 | $12,009 |
| Net assets without donor restrictions | $26,252 |
| Net assets with donor restrictions | $1,000 |
| 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 | $39,261 |
Grants Awarded
Over the last fiscal year, Free Bikes 4 Kidz has awarded $220,434 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FREE BIKES 4 KIDZ ATLANTA PURPOSE: Donated Bike to augment their bike collection and donations | $67,534 |
FREE BIKES 4 KIDZ MARYLAND PURPOSE: donated bikes to augment their collection and donations | $15,039 |
FREE BIKES 4 KIDZ NEW MEXICOBICYCLE HARVEST PURPOSE: donated bikes to augment their collection and donations | $20,218 |
FREE BIKES 4 KIDZ MN PURPOSE: donated bikes to augment their collection and donations | $22,685 |
FREE BIKES 4 KIDZ - OMAHA PURPOSE: Donated Bikes to augment their 2022 collection and donations | $18,199 |
FREE BIKES 4 KIDZ - MIDDLE GEORGIA PURPOSE: Donated bikes to augment their 2022 collection and donations | $26,598 |