Overview
What is Free Bikes 4 Kidz Mn?
Free Bikes 4 Kidz Mn is a compassionate nonprofit organization situated in Plymouth, Minnesota. Established 15 years ago, their mission is to contribute positively to children's well-being by offering them bicycles. During the 2022 fall season, they successfully collected 5,749 bikes, despite the challenges posed by COVID-19. With the help of 803 volunteers, they refurbished and distributed 11,298 bikes to underprivileged children in the community. In 2022, they collaborated with local nonprofit partners to identify and distribute the bikes effectively. The bikes collected in the previous year, amounting to 6,378, were distributed during the spring season, and the remaining 4,920 were distributed during the fall season. As a result, they ended the year with no inventory, demonstrating their commitment to ensuring every child in need has the opportunity to own a bicycle. The organization relies on public donations of gently used bikes and employs a large volunteer force to clean and refurbish them, promoting community engagement and environmental sustainability.
Official website here: www.fb4kmn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Free Bikes 4 Kidz MN has achieved a commendable rating of 90%, reflecting strong performance in accountability and financial management. The organization received a perfect score for having a fully independent board and demonstrated no material diversion of assets, which suggests a well-structured governance framework. Their high program expense ratio of 94.28% indicates a commitment to directing funds toward their mission rather than administrative costs.
The charity also scored well in its culture and community engagement, with an 85% rating in this area. This suggests that Free Bikes 4 Kidz MN actively promotes equity and inclusiveness in its policies and practices. The organization has established effective policies, including a conflict of interest and whistleblower policy, which contribute to its transparent operations.
However, the liabilities to assets ratio at 57.33% indicates that the organization could improve its financial stability. While this isn't a critical issue, it highlights the need for ongoing monitoring of financial health as it continues to grow and serve its community. Overall, Free Bikes 4 Kidz MN exemplifies a responsible and impactful nonprofit focused on providing bicycles to children in need.
This AI summary has been generated from information found on Charity Navigator.
Is Free Bikes 4 Kidz Mn legitimate?
Free Bikes 4 Kidz Mn is a legitimate nonprofit organization registered as a 501(c)(3) entity. Free Bikes 4 Kidz Mn 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: $90,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $77,680
For more financial information, click here
Official website here: www.fb4kmn.org
What is the mission statement of Free Bikes 4 Kidz Mn?
Free Bikes 4 Kidz Mn, a non-profit organization, is dedicated to enhancing the well-being of children by providing them with bicycles. The public contributes gently used bikes, and the organization mobilizes volunteers to clean and refurbish these bikes thoroughly. In a typical year, Free Bikes 4 Kidz Mn collects thousands of bikes, which are then distributed to children in need through collaborations with local nonprofit partners. In 2022, despite the challenges posed by COVID-19, the organization managed to collect 5,749 bikes during the fall season and refurbish them with the help of 803 volunteers. Over the course of the year, a significant number of bikes were distributed, ensuring that many children had the opportunity to enjoy the joy of cycling.
Official website here: www.fb4kmn.org
What is the revenue of Free Bikes 4 Kidz Mn?
Free Bikes 4 Kidz Mn's revenue in 2023 was $482,461.
Official website here: www.fb4kmn.org
Who are the executives of Free Bikes 4 Kidz Mn and what are their salaries?
The average compensation at Free Bikes 4 Kidz Mn during 2023 was $9,323. There are 18 employees and 1618 volunteers at Free Bikes 4 Kidz Mn.
Here are 15 key members and their salaries:
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- Compensation: $85,000
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- Other: $5,135
Official website here: www.fb4kmn.org
Where can I find the form 990 for Free Bikes 4 Kidz Mn?
Free Bikes 4 Kidz Mn's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.fb4kmn.org
Learn more at the official website: www.fb4kmn.org
Mission Statement of Free Bikes 4 Kidz Mn
Free Bikes 4 Kidz MN, a non-profit organization, is dedicated to enhancing the lives of children by providing them with bicycles. The mission of this charitable entity is to enable kids to experience the joy of cycling, thereby contributing to a happier and healthier childhood for those who are less fortunate. The organization achieves this by encouraging public donations of gently used bikes. Thousands of volunteers then step in to clean and refurbish these bikes, ensuring they are in optimal condition before being distributed.
Free Bikes 4 Kidz MN operates on a seasonal basis, with the 2022 season marking its 15th year. Despite the challenges posed by the ongoing COVID-19 pandemic, the organization was able to collect 5,749 bikes during the fall season. With the help of volunteers from the community, these bikes were refurbished, resulting in 11,298 bikes being made available for distribution. Free Bikes 4 Kidz MN collaborates with local nonprofit community partners to identify and distribute these bikes to children in need, ensuring that no bike goes unused. In the preceding year, 6,378 bikes were distributed during the spring season, while 4,920 bikes were distributed during the fall season, leaving no inventory at the end of 2022.
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Impact
October, 2024
Free Bikes 4 Kidz MN significantly enhances the lives of children in the community by providing access to bicycles, fostering happier and healthier childhoods. In 2022 alone, the organization collected an impressive 5,749 bikes, mobilizing 803 volunteers to clean and refurbish a total of 11,298 bikes. This collaborative effort not only helps the environment by recycling bikes but also ensures that children in need receive the gift of mobility and joy.
By partnering with local nonprofit organizations, Free Bikes 4 Kidz MN effectively identifies those children who would benefit the most from these bikes. In the 2021-2022 cycles, the initiative successfully distributed 6,378 bikes in the spring and another 4,920 bikes in the fall. The impact is clear: over 11,000 bikes were placed in the hands of children, leaving no inventory at the end of the year and fulfilling community needs. This ongoing commitment not only promotes physical activity among youth but also enhances their well-being, community engagement, and sense of freedom.
This information is meant to be a general summary of Free Bikes 4 Kidz Mn. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $4,474
- Gross Receipts: $536,716
Assets and Liabilities:
- Total Assets: $344,094
- Total Liabilities: $178,485
- Net Assets: $165,609
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Organization Details
Founding Year
2009
Principal Officer
Maureen Vischer
Website
www.fb4kmn.orgNTEE Category
Code: P60 - Human services
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