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Free Bikes 4 Kidz Madison Inc

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

EIN: 814356356 ✦ Madison, WI ✦ Designated as a 501(c)(3)

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Overview

What is Free Bikes 4 Kidz Madison Inc?

Free Bikes 4 Kidz Madison Inc is a nonprofit organization located in Madison, Wisconsin. Their primary mission is to promote a healthier and happier childhood for underprivileged children in Dane County by distributing bikes to marginalized communities. With a dedicated team of three individuals, they strive to make cycling an accessible and enjoyable activity for children who might not otherwise have the opportunity. By providing bikes, Free Bikes 4 Kidz Madison Inc aims to contribute positively to the community and empower children with the freedom and joy that comes with owning a bicycle.


Official website here: www.fb4kmadison.org

Is Free Bikes 4 Kidz Madison Inc legitimate?

Free Bikes 4 Kidz Madison Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Free Bikes 4 Kidz Madison Inc 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: $37,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,514

For more financial information, click here


Official website here: www.fb4kmadison.org

What is the mission statement of Free Bikes 4 Kidz Madison Inc?

Free Bikes 4 Kidz Madison Inc is an organization dedicated to enhancing the lives of children from marginalized communities. Their mission is to facilitate happier and healthier childhoods by providing bicycles to these communities. By doing so, they aim to contribute positively to the physical and emotional well-being of these children, thereby enriching their overall experiences.


Official website here: www.fb4kmadison.org

Who is the CEO of Free Bikes 4 Kidz Madison Inc?

Mike Ivey is the Executive Di of Free Bikes 4 Kidz Madison Inc.


Official website here: www.fb4kmadison.org

What is the revenue of Free Bikes 4 Kidz Madison Inc?

Free Bikes 4 Kidz Madison Inc's revenue in 2023 was $185,451.


Official website here: www.fb4kmadison.org

Who are the executives of Free Bikes 4 Kidz Madison Inc and what are their salaries?

The average compensation at Free Bikes 4 Kidz Madison Inc during 2023 was $30,838. There are 3 employees and 100 volunteers at Free Bikes 4 Kidz Madison Inc.


Here are 11 key members and their salaries:


Kristie Goforth (Executive Di)
  • Compensation: $37,000
  • Related: $0
  • Other: $0
Mary Zinn (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Litt (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Simon Fallai (Vice-Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Ivey (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tekema Balentine (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Baltazar De Anda (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Quentin Scott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mandy Ayers (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Statz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Kunugi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fb4kmadison.org

Where can I find the form 990 for Free Bikes 4 Kidz Madison Inc?

Free Bikes 4 Kidz Madison Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.fb4kmadison.org

Learn more at the official website: www.fb4kmadison.org

Mission Statement of Free Bikes 4 Kidz Madison Inc

Free Bikes 4 Kidz Madison, as the name suggests, is committed to enhancing the lives of children in marginalized communities by offering them the opportunity to own a bicycle. This nonprofit organization believes that biking can contribute to a happier and healthier childhood. Their mission is to provide bicycles to these communities, thereby promoting physical activity and overall well-being among the children. By doing so, Free Bikes 4 Kidz Madison aims to make a positive impact on their lives, helping them to navigate their surroundings with greater freedom and independence.

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Impact




October, 2024

Free Bikes 4 Kidz Madison Inc significantly impacts the community by providing bikes to marginalized families in Dane County, ensuring all children have the opportunity to experience the joy and health benefits of cycling. By distributing bikes, the organization fosters healthier lifestyles and promotes physical activity among youth, contributing to their overall happiness and well-being.

In addition to providing bikes, the organization focuses on bike education, equipping children with essential skills such as how to ride safely, understanding traffic laws, and proper helmet fitting. This educational component not only empowers kids to navigate their environments confidently but also fosters a sense of responsibility towards their own safety and that of others. Furthermore, teaching minor bike repairs, like changing flat tires, builds self-reliance and problem-solving skills that are valuable throughout life.

Overall, Free Bikes 4 Kidz Madison is instrumental in creating a more inclusive and active community, helping children ride into a healthier future while fostering valuable life skills.




This information is meant to be a general summary of Free Bikes 4 Kidz Madison Inc. 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
$185,451 (2023)
Expenses
$156,146 (2023)
Efficiency

Other financial information:

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

  • Investment Income: $453
  • Gross Receipts: $200,880

Assets and Liabilities:

  • Total Assets: $77,378
  • Total Liabilities: $9,495
  • Net Assets: $67,883

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Organization Details

Principal Officer

Mike Ivey

Main Address

PO BOX 6594, MADISON, WI, 53716

NTEE Category

Code: O19 - Youth development

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