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Pedals For Progress A Nj Non Profi

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223122003 ✦ High bridge, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Pedals For Progress A Nj Non Profi?

Pedals For Progress, a New Jersey-based nonprofit, is dedicated to contributing to sustainable economic development by recycling and redistributing reconditioned bicycles and refurbished sewing machines. Established in 1991, the organization has amassed an impressive record, shipping over 162,000 bicycles and 5,200 sewing machines to low-income individuals in various developing countries. By leveraging volunteer labor and tax-deductible donations, Pedals For Progress collects and ships new and used bicycles, parts, and accessories to recipient countries. These items are then repaired by non-profit partner organizations, creating employment opportunities and fostering repair skills. The refurbished bikes are sold at cost to help low-income individuals access jobs, markets, and services. Additionally, the organization provides sewing machines that enable local communities to conduct sewing classes and generate employment.


Official website here: www.p4p.org

Is Pedals For Progress A Nj Non Profi legitimate?

Pedals For Progress A Nj Non Profi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pedals For Progress A Nj Non Profi submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $69,333
Professional Fundraising Fees: $0
Other Salaries and Wages: $847

For more financial information, click here


Official website here: www.p4p.org

What is the mission statement of Pedals For Progress A Nj Non Profi?

Pedals For Progress, a non-profit organization, aims to promote sustainable economic development by recycling bicycles and sewing machines from the United States. They collect and ship these items to motivated individuals in developing countries, where they are repaired by non-profit partner organizations. This process provides employment opportunities, builds repair and management skills, and subsequently sells the bicycles and sewing machines at cost to help low-income individuals access jobs, markets, and services. The organization's mission has resulted in distributing over 162,000 bicycles and 5,200 sewing machines to various regions worldwide, including Central America, Africa, Eastern Europe, Asia, the Caribbean, and the Pacific Basin.


Official website here: www.p4p.org

Who is the CEO of Pedals For Progress A Nj Non Profi?

Alan Schultz is the President of Pedals For Progress A Nj Non Profi.


Official website here: www.p4p.org

What is the revenue of Pedals For Progress A Nj Non Profi?

Pedals For Progress A Nj Non Profi's revenue in 2023 was $313,709.


Official website here: www.p4p.org

Who are the executives of Pedals For Progress A Nj Non Profi and what are their salaries?

The average compensation at Pedals For Progress A Nj Non Profi during 2023 was $14,036. There are 5 employees at Pedals For Progress A Nj Non Profi.


Here are 10 key members and their salaries:


Alan Schultz (President)
  • Compensation: $44,333
  • Related: $0
  • Other: $0
David Schweidenback (Vp & Trustee)
  • Compensation: $25,000
  • Related: $0
  • Other: $0
Jamie Acosta (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Agasar (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Alexander (Trustee & Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Beishke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Daryl Detrick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Saul (Trustee & Se)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Walsh (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Williams (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.p4p.org

Where can I find the form 990 for Pedals For Progress A Nj Non Profi?

Pedals For Progress A Nj Non Profi's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.p4p.org

Learn more at the official website: www.p4p.org

Mission Statement of Pedals For Progress A Nj Non Profi

Pedals For Progress, a New Jersey-based non-profit organization, is dedicated to empowering sustainable economic development in the developing world. The organization achieves this mission by recycling bicycles and sewing machines from the United States and shipping them to motivated individuals residing in Central America, Africa, Eastern Europe, Asia, the Caribbean, and the Pacific Basin. Since its inception in 1991, Pedals For Progress has collected and distributed over 162,000 bicycles and 5,200 sewing machines, transforming into an enterprise that has significantly impacted the lives of the working poor in these regions.

The non-profit relies on volunteer labor and tax-deductible donations of money and materials to collect, warehouse, and ship new and used bicycles, parts, and accessories to recipient countries. These resources are repaired by non-profit partner organizations, providing employment opportunities, building management and repair skills for their staff. Once repaired, the bicycles are sold at cost, allowing low-income individuals to access jobs, markets, and services, thereby improving their overall quality of life.

In addition to bicycles, Pedals For Progress also recycles sewing machines. These machines are shipped to the developing world where they are repaired and sold at cost, enabling individuals to start small businesses and generate income. By recycling these items, Pedals For Progress plays a vital role in promoting sustainable economic development in communities that require resources to improve their livelihoods.

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Impact




October, 2024

Pedals For Progress has significantly empowered sustainable economic development in various regions by recycling and distributing bicycles and sewing machines to those in need. Since its founding in 1991, the organization has successfully collected and shipped over 162,000 bicycles and 5,200 sewing machines to low-income families across Central America, Africa, Eastern Europe, Asia, and the Pacific Basin.

By providing affordable transportation through bicycles, the initiative enables individuals to access jobs, markets, and essential services, thereby enhancing their economic opportunities. The refurbished sewing machines are instrumental in creating employment through local sewing classes, allowing participants to gain valuable skills and improve their livelihoods.

The collaboration with nonprofit partner organizations in recipient countries facilitates the repair and resale of these items, fostering local economic activity and skill development among staff. Through the collective efforts of volunteers and donations, Pedals For Progress contributes to building a more sustainable and equitable future for communities struggling with economic challenges.




This information is meant to be a general summary of Pedals For Progress A Nj Non Profi. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$313,709 (2023)
Expenses
$324,157 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,856
  • Program Service Revenue: $33,500
  • Gross Receipts: $313,709

Assets and Liabilities:

  • Total Assets: $106,648
  • Total Liabilities: $0
  • Net Assets: $106,648

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

REVOLVING FUND

Revenue

$33,500

Organization Details

Founding Year

1991

Principal Officer

Alan Schultz

Main Address

65 EAST MAIN ST, HIGH BRIDGE, NJ, 08829

NTEE Category

Code: N50Z - Recreation

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