Free Bikes 4 Kidz

Organization Overview

Free Bikes 4 Kidz is located in Eden Prairie, MN. The organization was established in 2010. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Free Bikes 4 Kidz employed 18 individuals. 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 12/2021, Free Bikes 4 Kidz generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 27.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HELPING KIDS RIDE INTO A HAPPIER, HEALTHIER CHILDHOOD BY PROVIDING BIKES TO THOSE IN NEED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE YEAR 2021 MARKED FB4K MN'S 14TH SEASON. FB4K MN COLLECTED 8,425 BIKES. IN ANOTHER DIFFICULT SEASON DUE TO THE COVID-19 PANDEMIC, FB4K MN STILL MANAGED TO SAFELY ORGANIZE OVER 2,814 UNIQUE COMMUNITY-MINDED VOLUNTEERS WITH VARYING SKILLS TO CLEAN AND REFURBISH 5,698 BIKES. WE DISTRIBUTED 8,070 BIKES IN 2021. MOST OF THESE WERE BIKES COLLECTED IN 2020. WE, THEREFORE, HAVE AN INVENTORY OF 7,414 BIKES TO SAFELY CLEAN, REFURBISH, AND DISTRIBUTE IN THE SPRING OF 2022. WE WILL WORK WITH LOCAL NONPROFIT COMMUNITY PARTNERS THEN TO IDENTIFY AND DISTRIBUTE THESE BIKES TO KIDS IN THE COMMUNITY THAT NEED THEM.


IN FEBRUARY 2019, THE ORGANIZATION ACQUIRED THE RIGHTS TO THE MN IRONMAN BIKE RIDE. THIS LEGENDARY RIDE IS THE LONGEST RUNNING ORGANIZED RIDE IN MINNESOTA. FROM HUMBLE BEGINNINGS IN 1967, MN IRONMAN BIKE RIDE HAS GROWN TO THOUSANDS OF RIDERS PROUDLY RIDING IT ANNUALLY. AFTER A 1-YEAR HIATUS, THE ORGANIZATION RESUMED THE RIDE IN CONJUNCTION WITH A COMMUNITY EVENT IN SHAKOPEE, MN ON JUNE 15, 2019. THE ORGANIZATION EXPECTS THIS EVENT TO BE A PRIMARY FUNDRAISER THROUGH REGISTRATIONS AND PEER TO PEER FUNDRAISING BY THE RIDERSHIP. IN OUR FIRST YEAR, WE HAD 1,209 RIDERS AND PROFITED OVER $23,000. DUE TO THE COVID-19 PANDEMIC, FB4K MN UNFORTUNATELY HAD TO CANCEL THE 2020 RIDE, BUT RETURNED IN 2021 WITH A BREAK EVEN CLOSE. IN 2022, WE EXPECT A RELATIVELY NORMAL EVENT WITH A TARGET OF 2,000 RIDERS AS A KICKOFF TO SUMMER.


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Board, Officers & Key Employees

Name (title)Compensation
Tia Martinson
Mn Executive Director
$76,385
Jeff Lundgren
Chair
$0
Maureen Vischer
Vice Chair
$0
Matthew Kennedy
Treasurer
$0
Dan Swartz
Secretary
$0
Fred Borstad
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$18,048
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,426,336
Noncash contributions included in lines 1a–1f $1,004,487
Total Revenue from Contributions, Gifts, Grants & Similar$1,444,384
Total Program Service Revenue$0
Investment income $250
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$13,388
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,437,488

Grants Awarded

Over the last fiscal year, Free Bikes 4 Kidz has awarded $158,514 in support to 5 organizations.

Grant RecipientAmount

FREE BIKES 4 KIDZ OF ATLANTA CO

Org PageRecipient Profile

Atlanta, GA

PURPOSE: Bike and helmets to be distributed to children in need.

$61,285

FREE BIKES 4 KIDZ EUGENE-SPRINGFIELD

Org PageRecipient Profile

Eugene, OR

PURPOSE: Bike and helmets to be distributed to children in need.

$55,700

FREE BIKES 4 KIDZ PORTLAND

Org PageRecipient Profile

Lake Oswego, OR

PURPOSE: Bike and helmets to be distributed to children in need.

$28,330

FREE BIKES 4 KIDZ MADISON INC

Org PageRecipient Profile

Madison, WI

PURPOSE: Bike and helmets to be distributed to children in need.

$9,899

FREE BIKES 4 KIDZ- UTAH

PURPOSE: Bike and helmets to be distributed to children in need.

$3,300
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Free Bikes 4 Kidz has recieved totaling $220,326.

Awarding OrganizationAmount
Allina Health System

Minneapolis, MN

PURPOSE: SPONSORSHIP FOR BIKE DISTRIBUTION

$68,760
$51,000
The Specialized Foundation

Morgan Hill, CA

PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES

$30,345
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$24,954
Minneapolis Foundation

Minneapolis, MN

PURPOSE: DONOR-RECOMMENDED, HUMAN SERVICES

$21,058
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$8,471
View Grant Recipient Profile

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