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Fb4k Delaware INC FY2024 filing

Tax-deductible

Dover, DE501(c)(3)Since 2023Community DevelopmentEIN 88-4417794Revenue $40K in FY2024

On file with the IRSfb4kddelaware.org117 W Loockerman St, 19904-7325 · Dover, DETax-exempt since Jun 2023Publicly supported charity — 170(b)(1)(A)(vi)

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Obtain used, refurbished,donated bikes from the community and also bikes from businesses that sell rtail bikes that are retruned and damaged that can not be resold are donated to our organzation.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $389 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
+29% vs prior year
Spent
$42K
To programs
97%
Net assets
$756
By yearFY2023–FY2025
Revenue
$40K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2023$31K
FY2024$40K
FY2025$79K
Expenses
$42K
FY2024▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2023$28K
FY2024$42K
FY2025$78K
Net assets
$756
FY2024▼ -76%
Tap a bar for its year
Net assets by fiscal year
FY2023$3K
FY2024$756
FY2025$1K

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2023.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $41K Management & general 3% · $1K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Carrie Hart
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Fb4k Delaware INC 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

Fb4k Delaware INC is a community improvement nonprofit based in Dover, DE, formed in 2023.

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Provided by the organization

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1 program · $41K · in their own filed words · FY2023
01

Organization gathers used, damaged and donated bikes for the community. Volunteers refurbish bikes as needed. Retail stores donate bkies that have been returned as damaged and cannot be resold. Volunteers assemble the bikes as needed. Community bike events are organized by the volunteers.

$41Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$40K
Ln 12
Gifts and grantsLn 1h$40K
Money outPt IX
$42K
Ln 25
Programscol B$41K
Managementcol C$1K
Owns and owesPt X
$756
net assets · Ln 32
Cash and savingsLn 1–2$756
Total assetsLn 16$756
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Noncash giftsLn 1g$35K
Total revenueLn 12$40K
Assets in detailPt X, end of year
CashLn 1$756
Cash and savings togetherLn 1–2$756
Total assetsLn 16$756
LiabilitiesLn 26$0
Net assetsLn 32$756
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3K$756
Total assetsLn 16$3K$756
LiabilitiesLn 26$0$0
Net assetsLn 32$3K$756
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Information technologyLn 14$341$341
Other expenses (24a–d)Ln 24$42K$41K$750
Total functional expensesLn 25$42K$41K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $79K$78K$412$1K 990 PDF
FY2024 Viewing $40K$42K−$2K$756 990 PDF
FY2023 $31K$28K$3K$3K 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 (6 parts)
Part I · Summary $40,059 revenue, 12 lines filed
I-8 Contributions and grants$40,059
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$40,059
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$42,468
I-18 Total expenses$42,468
I-19 Revenue less expenses−$2,409
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $40,059 across 4 lines filed
VIII-1f All other contributions, gifts and grants$40,059
VIII-1g Noncash contributions (included above)$35,000
VIII-1h Total contributions, gifts and grants$40,059
VIII-12 Total revenue$40,059
Part IX · Statement of functional expenses $42,468 across 2 lines filed
IX-14 Information technologyManagement $341$341
IX-24 Other expenses (24a–d)Programs $41,377 · Management $750$42,127
IX-25 Total functional expensesPrograms $41,377 · Management $1,091 · Fundraising $0$42,468
Part X · Balance sheet $756 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $3,165$756
X-16 Total assetsStart of year $3,165$756
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,165$756
X-33 Total liabilities and net assetsStart of year $3,165$756
Part XI · Reconciliation of net assets $756 net assets at year end
XI-1 Total revenue$40,059
XI-2 Total expenses$42,468
XI-3 Revenue less expenses−$2,409
XI-4 Net assets at start of year$3,165
XI-10 Net assets at end of year$756

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

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