Nonprofit · EIN 27-1199089
FREE BIKES 4 KIDZ
Tax-exempt · PLYMOUTH, MN 55446
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $555,323 | $533,828 | $21,495 | $349,598 | $186,364 | $163,234 |
| December 31, 2023 | 990 | $482,461 | $506,328 | -$23,867 | $332,256 | $190,514 | $141,742 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $584,970
- Program service revenue
- $0
- Investment income
- $4,670
- Net income from fundraising events
- -$34,317
- Other revenue
- -$34,317
Expenses
- Grants and similar amounts paid
- $308,758
- Compensation of officers, directors and key employees
- $88,693
- Other salaries and wages
- $54,377
- Salaries, compensation and benefits (total)
- $163,527
- Professional fundraising fees
- $0
- Accounting fees
- $17,600
- Occupancy
- $10,166
- Depreciation
- $1,938
- Program services (functional)
- $460,469
- Management and general (functional)
- $48,625
- Fundraising (functional)
- $24,734
Balance sheet and other
- Total assets, start of year
- $332,254
- Total assets, end of year
- $349,598
- Total liabilities, end of year
- $186,364
- Net assets, end of year
- $163,234
- Land, buildings and equipment
- $5,375
- Net assets without donor restrictions
- $163,234
- Gross receipts
- $617,706
- Employees
- 15
- Volunteers
- 1,085
- Year formed
- 2009
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jay Zemke | Executive Director Officer | 40 | $89,500 | $5,430 |
| Maureen Vischer | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Martha Hoeppner | Vice Chair Trustee or director, Officer | 5 | $0 | $0 |
| Matthew Kennedy | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Jeff Lundgren | Board Member Trustee or director | 3 | $0 | $0 |
| Joan Webber | Board Member Trustee or director | 1 | $0 | $0 |
| Bryan Wall | Board Member Trustee or director | 1 | $0 | $0 |
| Linda Stone | Board Member Trustee or director | 1 | $0 | $0 |
| Britt Monson | Board Member Trustee or director | 1 | $0 | $0 |
| Phil Wolpers | Board Member Trustee or director | 1 | $0 | $0 |
| Adam Clarke | Board Member Trustee or director | 1 | $0 | $0 |
| Melissa Burns | Board Member Trustee or director | 1 | $0 | $0 |
| John Baker | Board Member Trustee or director | 1 | $0 | $0 |
| Amy Kippley | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Jay Zemke | MN Executive Director Officer | 40 | $85,000 | $5,135 |
| Dan Swartz | Co-Chair Trustee or director, Officer | 4 | $0 | $0 |
| Jeff Lundgren | Co-Chair Trustee or director | 4 | $0 | $0 |
| Matthew Kennedy | Treasurer Trustee or director, Officer | 8 | $0 | $0 |
| Gretchen Graham | Secretary Trustee or director | 1 | $0 | $0 |
| Maureen Vischer | Board Member Trustee or director, Officer | 4 | $0 | $0 |
| David Rulifson | Board Member Trustee or director | 1 | $0 | $0 |
| Fred Borstad | Board Member Trustee or director | 1 | $0 | $0 |
| Joan Weber | Board Member Trustee or director | 1 | $0 | $0 |
| Adam Clarke | Board Member Trustee or director | 1 | $0 | $0 |
| Britt Monson | Board Member Trustee or director | 1 | $0 | $0 |
| Linda Stone | Board Member Trustee or director | 1 | $0 | $0 |
| Martha Hoeppner | Board Member Trustee or director | 1 | $0 | $0 |
| Phil Wolpers | Board Member Trustee or director | 1 | $0 | $0 |
| Nicholas Garbis | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 46385, PLYMOUTH, MN 55446-0385
- Principal officer (990 for 2024)
- JEFF LUNDGREN, 4521 ARDEN AVENUE, MINNEAPOLIS, MN 55424
- Signed the 990
- Jeff Lundgren, Board Member
- Phone
- (952) 212-7781
- Website
- WWW.FB4KMN.ORG
Mission
Free Bikes 4 Kidz MN is a non-profit organization geared toward helping all kids ride into a happier, healthier childhood by providing bikes to those most in need. The public donates gently used bikes, we organize thousands of volunteers to clean and refurbish them, and then we give them away to kids in need.
Program accomplishments
- The year 2024 marked FB4K MN's 17th season. We collected 2,711 bikes donated by community members in early October. We organized 1,085 volunteers who contributed 4,412 hours to clean and refurbish 2,481 bikes which were distributed through local, nonprofit community partners to kids in the Twin Cities Metro Area.Expenses $460,469 · grants $308,758
- In February 2019, the Organization acquired the rights to the MN Ironman Bike Ride. The legendary ride is the longest running organized ride in Minnesota. From humble beginnings in 1967, MN Ironman Bike Ride has grown to thousands of riders proudly riding it annually. The Organization rebranding the event to the Freebike which took place in June 2024. This event was the primary fundraiser for the year through registrations and donations it profited nearly $15,000.0
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-1199089
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $349,598
- Income (IRS master file)
- $617,706
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $555,323 | $533,828 | $349,598 | XML |
| 990 | December 2023 | $482,461 | $506,328 | $332,256 | XML |
| 990 | December 2022 | $833,262 | $1,725,538 | $344,094 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-1199089).
Questions about FREE BIKES 4 KIDZ
- What is the EIN of FREE BIKES 4 KIDZ?
- The employer identification number (EIN) of FREE BIKES 4 KIDZ is 27-1199089.
- Is FREE BIKES 4 KIDZ tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to FREE BIKES 4 KIDZ tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FREE BIKES 4 KIDZ file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FREE BIKES 4 KIDZ due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FREE BIKES 4 KIDZ last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FREE BIKES 4 KIDZ?
- The 990 for the year ended December 31, 2024 names JEFF LUNDGREN.
- Who are the officers and directors of FREE BIKES 4 KIDZ?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $89,500 (Jay Zemke, Executive Director).
- How much revenue does FREE BIKES 4 KIDZ have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $555,323, expenses of $533,828 and total assets of $349,598 at year end.
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