Free Bikes 4 Kidz
- Assets
- $110.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis Park, MN
- Founding
- Data as of
- 12/2021
- 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FB4K CURRENTLY HAS AFFILIATES IN 16 CITIES WITH A GOAL OF EXPANDING TO 100 MARKETS NATIONALLY. IN A SECOND YEAR IMPACTED BY THE COVID 19 PANDEMIC, OUR AFFILIATES STILL MANAGED TO COLLECT OVER 18,000 BIKES AND TO SAFELY ORGANIZE OVER 2,800 COMMUNITY-MINDED VOLUNTEERS WITH VARYING SKILLS TO CLEAN AND REFURBISH AND GIVE AWAY 17,590 BIKES TO KIDS IN NEED. BECAUSE OF COVID RESTRRICTIONS LIMITING OUR NUMBER OF VOLUNTEERS, WE WERE NOT ABLE TO REFURBISH ALL THE BIKES COLLECTED, BUT WILL BE CATCHING UP AND GIVING AWAY THE BALANCE OF THE BIKES COLLECTED IN 2021 IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Esau Executive Director | 40 | $71,394 | |
Deb Gordon Chair | 4 | $0 | |
Milissa Rick Board Member | 4 | $0 | |
Jeff Lundgren Treasurer | 4 | $0 | |
Chris Larson Board Member | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $156,646 |
| Total Program Service Revenue | $0 |
| Membership dues | $26,772 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $183,432 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $85,350 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $21,374 |
| Total expenses | $111,724 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,536 |
| Other assets | $0 |
| Total assets | $110,131 |
| Total liabilities | $20,608 |
| Net assets or fund balances | $89,523 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Free Bikes 4 Kidz has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Barcus King Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
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Kellogg Programs Inc Milwaukee, WI | $40,506,593 | $21,606,757 |
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