Freewheelin Community Bikes

Tax-deductible

Indianapolis, IN501(c)(3)Recreation & SportsEIN 26-3748830

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To support economically challenged communities and the environment through the use of bicycles. We use training, affordable bicycles, and competitions to teach life skills, especially to the youth of the communities we serve. We support use of bicycles among people of all ages.

501(c)(3) charity; gifts are tax-deductible.
51¢ of each $1 spent went to programs.
Run by 100 volunteers and 22 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $121K a year · 25% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
51%
of spending
Worth a look: 51% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$41K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$432K
-34% vs prior year
Spent
$429K
To programs
51%
Net assets
$489K
By yearFY2020–FY2024
Revenue
$432K
FY2024▼ -34%
Revenue by fiscal year
FY2020$391K
FY2021$526K
FY2022$401K
FY2023$658K
FY2024$432K
Expenses
$429K
FY2024▲ +18%
Expenses by fiscal year
FY2020$338K
FY2021$337K
FY2022$334K
FY2023$364K
FY2024$429K
Net assets
$489K
FY2024▲ +0.7%
Net assets by fiscal year
FY2020$108K
FY2021$296K
FY2022$192K
FY2023$486K
FY2024$489K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

51 cents of each dollar spent went to programs.

Program services 51% · $217K Management & general 43% · $184K Fundraising 6% · $27K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Freewheelin Community Bikes executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable bikes and training to empower communities, especially youth, through cycling.

Provided by the organization

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2 programs · $217K · in their own filed words · FY2024
01

Staffed a bike shop that empowers the community to purchase from a well-stocked selection of tools, accessories, and used parts. Mechanics with expertise focused on growing the knowledge base of the bike riding community are also available to service bicycles.

$122Kprogram expense
02

Provided training, affordable bicycles, and competitions to teach life skills to the youth of the communities we serve.

$95Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$432K
Ln 12
Gifts and grantsLn 1h$321K
Other incomeLn 4–11$100K
Investment incomeLn 3$11K
Money outPt IX
$429K
Ln 25
Programscol B$217K
Managementcol C$184K
Fundraisingcol D$27K
Owns and owesPt X
$489K
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$530K
LiabilitiesLn 26$41K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$321K
Fundraising eventsLn 1c$15K
Investment incomeLn 3$11K
Other incomeLn 4–11$100K
Total revenueLn 12$432K
Assets in detailPt X, end of year
CashLn 1$494K
Cash and savings togetherLn 1–2$494K
Land, buildings, equipmentLn 10c$35K
Total assetsLn 16$530K
LiabilitiesLn 26$41K
Net assetsLn 32$489K
OperationsPt I, VI
EmployeesI 522
VolunteersI 6100
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$467K$494K
Land, buildings, equipmentLn 10c$43K$35K
Total assetsLn 16$523K$530K
LiabilitiesLn 26$37K$41K
Net assetsLn 32$486K$489K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$257K$136K$96K$25K
Payroll taxesLn 10$23K$12K$9K$2K
Other fees for servicesLn 11g$41K$23K$18K
Advertising and promotionLn 12$9K$4K$5K
Office expensesLn 13$3K$2K$1K
Information technologyLn 14$7K$7K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$8K$8K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$53K$39K$14K
All other expensesLn 24e$14K$2K$12K
Total functional expensesLn 25$429K$217K$184K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $432K$429K$3K$489K 990 PDF
FY2023 $658K$364K$293K$486K 990 PDF
FY2022 $401K$334K$67K$192K 990 PDF
FY2021 $526K$337K$189K$296K 990 PDF
FY2020 $391K$338K$53K$108K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $432,066 across 6 lines filed
Lines not itemized here account for $99,769 of total revenue; see the IRS return.
VIII-1c Fundraising events$14,556
VIII-1f All other contributions, gifts and grants$306,472
VIII-1h Total contributions, gifts and grants$321,028
VIII-3 Investment incomeRelated to mission $11,269$11,269
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $111,038 · Unrelated business $0 · Excluded from tax $0$432,066
Part IX · Statement of functional expenses $428,574 across 11 lines filed
IX-7 Other salaries and wagesPrograms $136,037 · Management $95,943 · Fundraising $24,815$256,795
IX-10 Payroll taxesPrograms $12,098 · Management $9,364 · Fundraising $1,898$23,360
IX-11g Other fees for servicesPrograms $23,216 · Management $17,697$40,913
IX-12 Advertising and promotionPrograms $3,530 · Management $5,463$8,993
IX-13 Office expensesPrograms $1,701 · Management $1,034$2,735
IX-14 Information technologyManagement $7,167$7,167
IX-20 InterestManagement $2,188$2,188
IX-22 Depreciation, depletion and amortizationManagement $8,216$8,216
IX-23 InsuranceManagement $11,061$11,061
IX-24 Other expenses (24a–d)Programs $39,107 · Management $14,293$53,400
IX-24e All other expensesPrograms $1,733 · Management $12,013$13,746
IX-25 Total functional expensesPrograms $217,422 · Management $184,439 · Fundraising $26,713$428,574
Part X · Balance sheet $530,092 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $466,927$494,109
X-8 Inventories for sale or useStart of year $12,419$990
X-10c Land, buildings and equipment, netStart of year $43,209$34,993
X-16 Total assetsStart of year $522,555$530,092
X-17 Accounts payable and accrued expensesStart of year $5,962$8,043
X-25 Other liabilitiesStart of year $8,548$12,262
X-26 Total liabilitiesStart of year $37,011$41,056
X-27 Net assets without donor restrictionsStart of year $165,319$294,106
X-28 Net assets with donor restrictionsStart of year $320,225$194,930
X-32 Total net assets or fund balancesStart of year $485,544$489,036
X-33 Total liabilities and net assetsStart of year $522,555$530,092
Part XI · Reconciliation of net assets $489,036 net assets at year end
XI-1 Total revenue$432,066
XI-2 Total expenses$428,574
XI-3 Revenue less expenses$3,492
XI-4 Net assets at start of year$485,544
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$489,036

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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