Free Bikes 4 Kidz Maryland Inc
Free Bikes 4 Kidz Maryland Inc
EIN: 84-2462535
Programs and results
Reports and documents
Download annual reportsWhat we aim to solve
Too many families in the U.S. can not afford to buy bicycles for their children. Those children do not get to feel the freedom that comes from having a way to get to places outside their immediate neighborhoods, nor do they experience the physical and mental health benefits that accrue from from being active. Yet eight million children's bicycles are sold every year, only to be outgrown within a couple of years, stored for a while in sheds and garages, and eventually prematurely discarded as a result of age or minor problems that are uneconomical to repair without access to tools and know how.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Collect, refurbish, and give away bicycles to children in need
We help kids ride into a healthier, happier childhood by providing bicycles to those most in need. We collect bikes from the public, refurbish them with dozens of volunteers, and give them away to children in need ten weeks later.
Where we work
Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Total number of volunteer hours contributed to the organization
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Collect, refurbish, and give away bicycles to children in need
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
Volunteer hours directly spent to collect, refurbish, and giveaway bicycles to children in need and to support children's bicycling programs.
Number of volunteers
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Collect, refurbish, and give away bicycles to children in need
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
Number of unique volunteers helping to collect, refurbish, and give away bicycles to children in need
Number of clients served
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Collect, refurbish, and give away bicycles to children in need
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Number of bicycles given to children in need and to programs supporting children's bicycling.
Number of bicycles collected
This metric is no longer tracked.Totals By Year
Population(s) Served
Children and youth
Related Program
Collect, refurbish, and give away bicycles to children in need
Type of Metric
Output - describing our activities and reach
Direction of Success
Holding steady
Context Notes
Bicycles collected from the public to be refurbish, or, if unrepairable, to be stripped for useable parts and recycled.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
We aim to collect, refurbish, and give away unused and unwanted bicycles to kids in need. Thousands of them, all across the state, thus improving the health and happiness of children and reducing the number of bikes entering the waste stream.
What are the organization's key strategies for making this happen?
We conduct a bicycle collection drive in October, spend ten weeks cleaning, refurbishing, and repairing them with volunteer labor, do a final safety check on each and every bicycle, and then give them away with a new helmet to children in need in December.
We work with government and nonprofit organizations to identify children in need and to match them with size- and ability-appropriate bicycles.
We work with volunteers--students, retirees, bicycle enthusiasts, and other members of the public--to clean, refurbish, and repair the bikes.
We work with national vendors of bike tools, bike parts, and helmets to obtain significant cost savings for the tools and parts we need to do this.
We encourage children to ride through participation in bike rodeos, bike safety education programs, and other outreach activities.
What are the organization's capabilities for doing this?
We take advantage of a virtually unlimited supply of unused bicycles, the preexisting knowledge of local nonprofits and government organizations able to identify children in need, and the enthusiasm of adult and student volunteers to collect, clean, refurbish, and give away bicycles.
Our President has worked with FB4K in Minneapolis for ten years before moving to Maryland, and understands the unique organizational culture and processes of Free Bikes 4 Kidz. Our Vice President leads the local school district's Bike Safety Education Program, and our Secretary/Treasurer is a certified bicycle Instructor and an officer in a local bicycle advocacy group. Our volunteers include bike shop owners and workers, bicycle enthusiasts, students, parents, and others, and our processes enable us to use their skills to best advantage in cleaning, preparing, fixing, and safety checking donated bicycles.
Our partners are government and nonprofit agencies that work to assist children in need in other arenas, such as Head Start, Title 1, Free and Reduced Meals, and special education programs.
Our sponsors are organizations concerned with children, health, equity, and community support.
What have they accomplished so far and what's next?
In our FY 2020 campaign, undertaken with one month's notice, we collected 512 bicycles, and gave away 492 of them for a scrap rate of less than 4%. We did this using over 1500 volunteer hours at a cost of about $32 per child served, including a new helmet. Our collection rate was about 1.8 per thousand in population in our initial market area.
In our FY 2021 campaign, despite the pandemic, we collected 1640 bicycles, and gave away 960 of them for a scrap rate of less than 4%. We did this using over 2500 volunteer hours at a cost of about $42 per child served, including a new helmet (bicycle valuations rose dramatically due to the pandemic). 646 bicycles remaining in inventory were being refurbished for distribution in 2021.
In our FY 2022 campaign, again despite the pandemic, we collected 2828 bicycles and gave away 2125 of them, scrapping 5% and storing the rest pending receipt of repair parts. We did this using over 3500 volunteer hours at a cost of about $16 per child served, including a new helmet.
In our FY 2023 campaign we collected 2531 bicycles and gave away 2401 of them, scrapping 7% and storing the rest pending receipt of repair parts. We did this using over 4500 volunteer hours at a cost of about $22.50 per child served, including a new helmet.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive
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What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome, It is difficult to get honest feedback from the people we serve
Financials
Revenue vs. expenses: breakdown
Liquidity in 2023 info
0.00
Months of cash in 2023 info
0.9
Fringe rate in 2023 info
0%
Funding sources info
Assets & liabilities info
Financial data
Free Bikes 4 Kidz Maryland Inc
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of Free Bikes 4 Kidz Maryland Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
Profitability info | 2021 | 2022 | 2023 |
---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $63,897 | $49,007 | $12,692 |
As % of expenses | 31.6% | 19.6% | 3.5% |
Unrestricted surplus (deficit) after depreciation | $63,897 | $49,007 | $12,692 |
As % of expenses | 31.6% | 19.6% | 3.5% |
Revenue composition info | |||
---|---|---|---|
Total revenue (unrestricted & restricted) | $253,671 | $299,033 | $380,158 |
Total revenue, % change over prior year | 0.0% | 17.9% | 27.1% |
Program services revenue | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% |
Investment income | 0.0% | 0.0% | 0.0% |
Government grants | 14.2% | 0.0% | 8.0% |
All other grants and contributions | 85.8% | 100.0% | 92.0% |
Other revenue | 0.0% | 0.0% | 0.0% |
Expense composition info | |||
---|---|---|---|
Total expenses before depreciation | $202,155 | $250,026 | $367,466 |
Total expenses, % change over prior year | 0.0% | 23.7% | 47.0% |
Personnel | 0.0% | 0.0% | 0.0% |
Professional fees | 1.2% | 0.9% | 0.5% |
Occupancy | 4.9% | 0.3% | 0.4% |
Interest | 0.0% | 0.0% | 0.0% |
Pass-through | 71.2% | 89.4% | 80.7% |
All other expenses | 22.7% | 9.3% | 18.3% |
Full cost components (estimated) info | 2021 | 2022 | 2023 |
---|---|---|---|
Total expenses (after depreciation) | $202,155 | $250,026 | $367,466 |
One month of savings | $16,846 | $20,836 | $30,622 |
Debt principal payment | $0 | $0 | $0 |
Fixed asset additions | $0 | $0 | $0 |
Total full costs (estimated) | $219,001 | $270,862 | $398,088 |
Capital structure indicators
Liquidity info | 2021 | 2022 | 2023 |
---|---|---|---|
Months of cash | 1.0 | 0.5 | 0.9 |
Months of cash and investments | 1.0 | 0.5 | 0.9 |
Months of estimated liquid unrestricted net assets | 4.9 | 6.3 | 4.7 |
Balance sheet composition info | 2021 | 2022 | 2023 |
---|---|---|---|
Cash | $17,475 | $9,952 | $28,580 |
Investments | $0 | $0 | $0 |
Receivables | $0 | $0 | $0 |
Gross land, buildings, equipment (LBE) | $0 | $0 | $0 |
Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% | 0.0% |
Liabilities (as a % of assets) | 0.0% | 0.0% | 0.0% |
Unrestricted net assets | $81,977 | $130,984 | $143,676 |
Temporarily restricted net assets | N/A | N/A | N/A |
Permanently restricted net assets | N/A | N/A | N/A |
Total restricted net assets | $0 | $0 | $0 |
Total net assets | $81,977 | $130,984 | $143,676 |
Key data checks
Key data checks info | 2021 | 2022 | 2023 |
---|---|---|---|
Material data errors | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President
Ted Cochran
Ted Cochran is a bicycling enthusiast (he’s logged over 35,000 miles since 2011) and a retired R&D Director of Engineering. He was a year-round bike commuter in Minneapolis (Brrrr!) and a 10-year volunteer for Free Bikes 4 Kidz there. He’s now leading the charge to bring Free Bikes 4 Kidz to Maryland.
Number of employees
Source: IRS Form 990
Free Bikes 4 Kidz Maryland Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Free Bikes 4 Kidz Maryland Inc
Board of directorsas of 07/23/2024
Board of directors data
Dr. Ted Cochran
Elizabeth Schultz
Howard County Schools
Chris Tsien
Bike HoCo
Tom Lewis
Marc Tolson
Howard County Libraries
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
Disability
Equity strategies
Last updated: 10/07/2021GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.