Mikes Bikes Foundation
- Assets
- $42.9k
- Revenue
- $251.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Novato, CA
- Founding
- 03/2009
- Data as of
- 12/2021
- EIN
- 26-3338639
Organization Overview
Mikes Bikes Foundation is located in Novato, CA. The organization was established in 2009. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mikes Bikes Foundation 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, Mikes Bikes Foundation generated $251.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $274.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST IN THE DEVELOPMENT OF AN AFFORDABLE AND EQUITABLE BICYCLE INFRASTRUCTURE IN DEVELOPING NATIONS WHERE THE BICYCLE CAN MAKE AN IMPROVEMENT IN THE GENERAL QUALITY OF LIFE; TO PROVIDE FINANCING AND MENTORING TO START-UP BIKE DEALERS IN AN EFFORT TO STRENGTHEN AND BROADEN THE BICYCLE INDUSTRY IN NATIONS OF THE DEVELOPING WORLD; TO SPONSOR BIKE DRIVES AND FACILITATE THE TRANSPORTATION OF DONATED BIKES TO SMALL RETAILERS IN DEVELOPING COUNTRIES; TO EDUCATE LOCAL BICYCLE DEALERS IN DEVELOPING NATIONS TO IMPROVE THE AVAILABILITY OF BICYCLES AND QUALITY OF SERVICE THAT LOCAL SHOPS PROVIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIKE MANY NON PROFITS IN AFRICA, WE BELIEVE THAT THE BICYCLE PROVIDES A PATH WAY TOWARDS SOLVING MANY ECONOMIC, SOCIAL AND HEALTH PROBLEMS IN AFRICA. LACK OF TRANSPORTATION OUTSIDE THE MAIN CITIES MAKES IT DIFFICULT FOR CHILDREN TO GET TO SCHOOL, FOR ADULTS TO FIND WORK AND FOR AIDS PATIENTS TO GET THE MEDICAL ATTENTION THEY NEED. BICYCLES MAKE REMOTE VILLAGES MUCH MORE ACCESSIBLE, THEREBY IMPROVING THE CONDITIONS OF THE INHABITANTS. IN THE INTEREST OF CREATING A LONG-TERM AND SELF SUFFICIENT IMPROVEMENT IN THE LIVES OF THESE IMPOVERISHED INDIVIDUALS, WE ENDEAVOR TO CREATE A SUSTAINABLE NETWORK OF BICYCLE INFRASTRUCTURE, INCLUDING THE AVAILABILITY AND AFFORDABILITY OF BIKES, WIDELY AVAILABLE TECHNICAL AND REPAIR KNOW-HOW, AND THE AVAILABILITY OF TOOLS AND NECESSARY PARTS. MIKES BIKES FOUNDATION HAS BEEN WORKING CLOSELY WITH LOCAL SHOP OWNERS IN BOTSWANA, NAMIBIA, LESOTHO, GABORONE, ZIMBABWE, GHANA AND KENYA TO PROVIDE THE TOOLS AND CAPITAL NECESSARY TO START LOCAL BIKE SHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Martin President/ceo | Trustee | 10 | $0 |
Matt Adams Treasurer/cfo | Trustee | 5 | $0 |
Julie Todd Secretary | 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 | $251,833 |
| Noncash contributions included in lines 1a–1f | $227,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,833 |
| 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 | $251,833 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $274,116 |
| 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. | $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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $274,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,868 |
| 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 | $30,000 |
| 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 | $42,868 |
| 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 | $42,868 |
| 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 | $42,868 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mikes Bikes Foundation has recieved totaling $3,500.
| Awarding Organization | Amount |
|---|---|
Pure Good Foundation Mountain View, CA PURPOSE: 18 KIDS BIKES - BIKE BUILD EVENT | $3,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Asia Foundation San Francisco, CA | $76,412,898 | $96,548,436 |
Thousand Currents San Francisco, CA | $18,209,575 | $15,204,408 |
Medical Teams International Tigard, OR | $43,129,775 | $57,004,022 |
Living Goods Oakland, CA | $25,335,492 | $27,387,443 |
Transfair Usa Oakland, CA | $19,057,567 | $24,006,067 |
Hope Worldwide Ltd San Diego, CA | $8,639,959 | $19,582,305 |
World Emergency Relief San Dimas, CA | $1,123,706 | $17,740,144 |
Rippleworks Inc Redwood City, CA | $1,127,548,161 | $34,942,704 |
Project Concern International San Diego, CA | $10,331,948 | $12,210,235 |
Muso Inc San Francisco, CA | $26,014,068 | $28,737,104 |
Surgical Eye Expeditions International Inc Santa Barbara, CA | $14,555,876 | $8,599,014 |
Volunteers For Interamerican Development Assistance Berkeley, CA | $167,273 | $11,297,919 |