Recycle Bikes For Kids Inc
- Assets
- $118.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- North Little Rock, AR
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-3528889
Organization Overview
Recycle Bikes For Kids Inc is located in North Little Rock, AR. The organization was established in 2015. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Recycle Bikes For Kids Inc 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, Recycle Bikes For Kids Inc generated $86.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.8% each year . All expenses for the organization totaled $69.8k during the year ending 12/2021. While expenses have increased by 31.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
RECYCLE BIKES FOR KIDS COLLECTS OLD BICYCLES (BOTH KIDS AND ADULTS). THE KID'S BIKES ARE REFURBISHED AND GIVEN BACK TO ANY CHILD IN NEED, FREE OF CHARGE. THE ADULT BIKES ARE USED IN THE EARN A BIKE PROGRAM WHERE AN ADULT MAY VOLUNTEER BY HELPING OUT IN THE SHOP OR REPAIRING THE KID'S BIKES GIVEN AWAY. AFTER THEY HAVE COMPLETED THE REQUIRED VOLUNTEER HOURS THEY MAY THEN CHOOSE A BIKE FOR THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Hart Board Member | 20 | $0 | |
Donna Lombardi Board Member | 2 | $0 | |
Ron King President | 20 | $0 | |
Chris Schaffhauser Board Member | 2 | $0 | |
Rachael Borne Secretary | 5 | $0 | |
Lauren Reynolds-Schallhorn Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,120 |
| Total Program Service Revenue | $53,918 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,145 |
| Total Revenue | $86,183 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $41,100 |
| Professional fees and other payments to independent contractors | $525 |
| Occupancy, rent, utilities, and maintenance | $12,770 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,422 |
| Total expenses | $69,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $118,844 |
| Other assets | $0 |
| Total assets | $118,844 |
| Total liabilities | $0 |
| Net assets or fund balances | $118,844 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Recycle Bikes For Kids Inc has recieved totaling $1,023.
| Awarding Organization | Amount |
|---|---|
The Specialized Foundation Morgan Hill, CA PURPOSE: TO IMPROVE LIVES OF KIDS WITH LEARNING DIFFERENCES | $1,023 |
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