2024-10-31T19:30:57-07:00 2024-01-31 990EZ 2023-02-01 453370590 MADISON FREEWHEEL BICYCLE CO MADI 6086989205 PO Box 260205 Madison WI 53726 Brel Hutton-Okpalaeke Treasurer 6086989205 2024-10-31 1 2023 2024-10-15 13:58:12Z X X X www.freewheelbikes.org X X 50741 X 16016 0 0 0 0 0 0 0 0 0 0 34725 82 34643 0 50659 0 0 13851 4412 7150 108 8811 34332 16327 -49066 0 -32739 X 38 8783 0 0 8833 8833 8871 17616 57937 50355 -49066 -32739 NAICS Code 813410 Civic and Social Organizations Build-a-Bike and bike repair classes are Freewheel's core competency. During 2023, from February to May we did mainly 1-to-1 instruction during shop hours by our mechanics. We continued to offer bike instruction very affordably and do not turn anyone away for lack of ability to pay. Approximately 25-45% of mechanic time was spent on bike instruction this year. We have kept material costs very low due to a large stock of donated and reclaimed parts. 0 2021 We have continued to offer Open Shop, where members of the public can use Freewheel's bicycle tools and stands affordably to work on their own bikes. Between February through May, open shop was held at the Madison Bicycle Center. From June through January, we held pop-up shops at various locations. There are no additional expenses for this program, as all materials are donated and Open Shop is staffed on a volunteer basis using existing tools. 0 0 Freewheel partners with nonprofits that distribute bikes to African nations. In 2023 we were able to give away 250 bikes that were otherwise unusable for other programs 0 0 2021 Brel Hutton-Okpalaeke Treasurer 5 0 0 0 Abby Davidson Secretary 10 0 0 0 Kevin Meagher Director 10 0 0 0 Thomas Flagel President 1 0 0 0 0 0 0 0 0 0 0 1 2379 0 0 0 0 0 0 0 WI Brel Hutton-Okpalaeke PO Box 260205 Madison WI 53726 6086989205 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 14651 20264 48415 26302 16016 125648 14919 10896 54689 84909 34724 200137 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 29570 31160 103104 111211 50740 325785 3605 8660 69 5554 0 17888 0 0 0 0 0 0 3605 8660 69 5554 0 17888 307897 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 47371 981 25155 0 0 73507 76941 32141 128259 111211 50740 399292 0.77111 0.73378 0 0 X Schedule A, Part III, Line 12 There was no Other income in 2023 Brel Hutton-Okpalaeke Treasurer Cashflow X 570 570 0 0 0 Brel Hutton-Okpalaeke Treasurer Lightspeed X 750 750 0 0 0 Brel Hutton-Okpalaeke Treasurer Giving Tuesday X 840 840 0 0 0 Abby Davidson Secretary Cashflow X 219 219 0 0 0 2379 Form 990-EZ, Part I, Line 16 Description;Amount^Truck;1559|Taxes;1422|Taxes and Licenses;2926|Repairs and Maintenance;0|Rent and Lease;-2500|Reimbursements;0|Advertising and Marketing;0|Bank Charges and Fees;125|Consumables;0|Insurance;-3600|Interest Paid;240|PayPal Fees;927|Office Supplies Software;184|Website Hosting and Subscriptions;452|Charitable Contributions;1444|Job Supplies;-17|Travel;570|Miscellaneous Expenditures;5079^Total;8811^ Form 990-EZ, Part II, Line 24 Truck Form 990-EZ, Part II, Line 26 Description;EOY Amount^Short term liabilities;4342|Long term liabilities;11658|Equity;1617|Other liabilities;32738^Total;50355^ Due to losing our lease in May of 2023, the organization was forced to let all of its staff go and became an all volunteer organization. A significant amount of institutional knowledge was lost with the departure of the staff, and it took a great deal of time to get the bookkeeping in order again.