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The Mikes Bikes Foundation

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

EIN: 263338639 ✦ Novato, CA ✦ Designated as a 501(c)(3)

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Overview

What is The Mikes Bikes Foundation?

The Mikes Bikes Foundation is a nonprofit organization, primarily based in Novato, California, with a mission to enhance the living conditions of underprivileged individuals in various developing nations. They strongly believe that bicycles can address numerous economic, social, and health issues in these regions, particularly in remote areas where transportation is limited. The foundation aims to establish a sustainable network of bicycle infrastructure, ensuring affordable and accessible bikes, widespread technical and repair know-how, and the availability of necessary parts. They work closely with local shop owners in various countries, such as Botswana, Namibia, Lesotho, and Kenya, to provide the necessary capital and guidance for starting local bike shops. Their activities involve sponsoring bike drives, facilitating the transportation of donated bikes, and educating local bicycle dealers to improve the availability and quality of service in their shops.


Official website here: www.mikesbikesafrica.com

Is The Mikes Bikes Foundation legitimate?

The Mikes Bikes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mikes Bikes Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mikesbikesafrica.com

What is the mission statement of The Mikes Bikes Foundation?

The Mikes Bikes Foundation aims to contribute to the development of an affordable and equitable bicycle infrastructure in underdeveloped nations. This initiative is driven by the belief that bicycles can significantly enhance the overall living standards in these regions. Besides this, the foundation provides financial aid and mentorship to budding bike dealers in these countries, with the objective of fostering the bicycle industry's growth and expansion. Additionally, the foundation organizes bike drives and facilitates the transportation of donated bicycles to small retailers in developing nations. Lastly, the foundation educates local bike dealers in these countries to enhance the availability of bicycles and improve the quality of service provided by their shops.


Official website here: www.mikesbikesafrica.com

Who is the CEO of The Mikes Bikes Foundation?

Matt Adams is the Treasurer/Cfo of The Mikes Bikes Foundation. The CEO's salary of The Mikes Bikes Foundation is $0 and their total compensation is $0.


Official website here: www.mikesbikesafrica.com

What is the revenue of The Mikes Bikes Foundation?

The Mikes Bikes Foundation's revenue in 2022 was $313,543.


Official website here: www.mikesbikesafrica.com

Who are the executives of The Mikes Bikes Foundation and what are their salaries?

There 25 volunteers at The Mikes Bikes Foundation.


Here are 3 key members and their salaries (The Mikes Bikes Foundation's CEO's salary is $0 and their total compensation is $0):


Matt Adams (Treasurer/Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Todd (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Lamb (President/Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mikesbikesafrica.com

Where can I find the form 990 for The Mikes Bikes Foundation?

The Mikes Bikes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mikesbikesafrica.com

Learn more at the official website: www.mikesbikesafrica.com

Mission Statement of The Mikes Bikes Foundation

The Mikes Bikes Foundation, as stated in its mission, aims to contribute to the betterment of living standards in developing nations by promoting the development of an affordable and equitable bicycle infrastructure. The organization recognizes the transformative potential of bicycles in these regions and strives to leverage this resource to improve the general quality of life.

In addition to this, The Mikes Bikes Foundation provides financial aid and mentorship to emerging bike dealers in developing countries. The goal is to bolster and widen the bicycle industry within these nations. The foundation also sponsors bike drives and coordinates the shipment of donated bicycles to small retailers in these countries. This initiative aims to enhance the accessibility of bicycles and improve the quality of service offered by local bicycle shops.

Furthermore, The Mikes Bikes Foundation invests in educating local bicycle dealers in developing nations. By enhancing their knowledge and skills, the foundation aims to improve the availability and quality of bicycles provided by these shops, thereby contributing to the overall development of these communities.

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Impact




October, 2024

The Mikes Bikes Foundation significantly improves lives in developing nations by fostering a robust bicycle infrastructure that enhances transportation accessibility and supports economic development. By focusing on the establishment of affordable and equitable bike networks, the foundation tackles critical issues such as access to education, employment opportunities, and healthcare.

Through financing and mentoring initiatives, it empowers local entrepreneurs to open bike shops, consequently creating jobs and ensuring sustainability in the bicycle industry. The foundation also organizes bike drives to source donated bicycles, which are transported to small retailers, increasing the availability of bikes for communities in need.

Additionally, by educating local bike dealers, the foundation improves the level of service and support provided in these regions. This holistic approach not only addresses immediate transportation needs but also contributes to long-term self-sufficiency and economic stability in communities across Botswana, Namibia, Lesotho, Zimbabwe, Ghana, and Kenya. Overall, The Mikes Bikes Foundation plays a crucial role in enhancing the quality of life through infrastructure, education, and entrepreneurial support.




This information is meant to be a general summary of The Mikes Bikes Foundation. 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
$313,543 (2022)
Expenses
$272,749 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $313,543

Assets and Liabilities:

  • Total Assets: $83,662
  • Total Liabilities: $0
  • Net Assets: $83,662

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Organization Details

Founding Year

2008

Principal Officer

Matt Adams

Main Address

55 Leveroni Ct, Novato, CA, 94949

NTEE Category

Code: Q30 - International

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