Civic Intelligence

World Bicycle Relief Nfp

990 • Fiscal year 2018 • EIN 20-5080679

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

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1000 West Fulton MarketChicago, IL 60607

(312) 664-3604

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.04x

Higher debt load relative to assets than 30% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

18th percentile

0.03x

Higher debt load relative to revenue than 18% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

24th percentile

-5.1%

Higher net margin than 24% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

90th percentile

$326,987

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

14th percentile

-7.7%

Faster asset growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Flat

$6,070,923

Flat from 2018

Net Assets

Flat

$5,826,168

Flat from 2018

Liabilities

Flat

$244,755

Flat from 2018

Revenue

Flat

$8,232,170

Flat from 2018

Expenses

Flat

$8,648,935

Flat from 2018

Net Income

Flat

-$416,765

Flat from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $2,761,062Liabilities 2010: $345,667Net Assets 2010: $2,415,3952010Assets 2011: $4,091,122Liabilities 2011: $746,724Net Assets 2011: $3,344,3982011Assets 2012: $4,674,855Liabilities 2012: $266,125Net Assets 2012: $4,408,7302012Assets 2013: $6,242,280Liabilities 2013: $569,006Net Assets 2013: $5,673,2742013Assets 2014: $8,055,719Liabilities 2014: $756,481Net Assets 2014: $7,299,2382014Assets 2015: $6,157,967Liabilities 2015: $446,969Net Assets 2015: $5,710,9982015Assets 2016: $7,803,080Liabilities 2016: $327,300Net Assets 2016: $7,475,7802016Assets 2017: $6,580,473Liabilities 2017: $332,970Net Assets 2017: $6,247,5032017Assets 2018: $6,070,923Liabilities 2018: $244,755Net Assets 2018: $5,826,1682018Assets 2018: $6,070,923Liabilities 2018: $244,755Net Assets 2018: $5,826,1682018Assets 2019: $6,796,861Liabilities 2019: $947,175Net Assets 2019: $5,849,6862019Assets 2020: $9,936,422Liabilities 2020: $367,854Net Assets 2020: $9,568,5682020Assets 2021: $12,872,204Liabilities 2021: $240,399Net Assets 2021: $12,631,8052021Assets 2022: $12,804,362Liabilities 2022: $386,226Net Assets 2022: $12,418,1362022Assets 2023: $13,342,292Liabilities 2023: $2,310,489Net Assets 2023: $11,031,8032023Assets 2024: $10,289,972Liabilities 2024: $2,861,571Net Assets 2024: $7,428,4012024

Highlighted filing

2018

Assets$6,070,923
Liabilities$244,755
Net Assets$5,826,168

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2010: $2,181,154Expenses 2010: $1,505,772Net Income 2010: $675,3822010Expenses 2011: $3,495,3312011Expenses 2012: $4,029,4472012Revenue 2013: $5,369,170Expenses 2013: $4,157,768Net Income 2013: $1,211,4022013Revenue 2014: $7,484,975Expenses 2014: $5,898,510Net Income 2014: $1,586,4652014Revenue 2015: $5,425,703Expenses 2015: $6,990,184Net Income 2015: -$1,564,4812015Revenue 2016: $7,848,601Expenses 2016: $6,106,838Net Income 2016: $1,741,7632016Revenue 2017: $7,934,173Expenses 2017: $9,162,450Net Income 2017: -$1,228,2772017Revenue 2018: $8,232,170Expenses 2018: $8,648,935Net Income 2018: -$416,7652018Revenue 2018: $8,232,170Expenses 2018: $8,648,935Net Income 2018: -$416,7652018Revenue 2019: $8,306,641Expenses 2019: $8,266,090Net Income 2019: $40,5512019Revenue 2020: $9,592,329Expenses 2020: $5,874,932Net Income 2020: $3,717,3972020Revenue 2021: $12,410,061Expenses 2021: $10,403,640Net Income 2021: $2,006,4212021Revenue 2022: $12,236,304Expenses 2022: $12,421,825Net Income 2022: -$185,5212022Revenue 2023: $15,524,972Expenses 2023: $16,474,407Net Income 2023: -$949,4352023Revenue 2024: $14,318,779Expenses 2024: $13,636,350Net Income 2024: $682,4292024

Highlighted filing

2018

Revenue$8,232,170
Expenses$8,648,935
Net Income-$416,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$8,233,349
Mission and Program Overview

Mission

World bicycle relief (the corporation) is organized and operated exclusively for charitable and educational purposes in accord with sec. 501(c)(3) of the internal revenue code of 1986 (or a corresponding provision of any future united states internal revenue law, referred to below as the code. More specifically, world bicycle relief is organized to help people in disaster-stricken or impoverished areas of the world to achieve independence and a means to obtain a livelihood by providing them with access to low- or no-cost bicycles.

World bicycle relief mobilizes people through the power of bicycles. We envision a world where distance is no longer a barrier to independence and livelihood.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,654,345$4,399,995▼ $254,350
Savings and Temporary Cash Investments$1,431,587$1,354,764▼ $76,823
Land, Buildings, and Equipment, Net$200,468$139,638▼ $60,830
Prepaid Expenses and Deferred Charges$103,722$89,750▼ $13,972
Pledges and Grants Receivable$161,075$67,960▼ $93,115
Investments Other Securities$29,276$18,816▼ $10,460
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$6,580,473$6,070,923▼ $509,550
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$221,405$243,513▲ $22,108
Other Liabilities$111,565$1,242▼ $110,323
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$332,970$244,755▼ $88,215
Net Assets / Fund Balance
Unrestricted Net Assets$6,154,503$5,634,908▼ $519,595
Temporarily Rstr Net Assets$93,000$191,260▲ $98,260
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$6,247,503$5,826,168▼ $421,335
Total Liabilities and Net Assets / Fund Balance$6,580,473$6,070,923▼ $509,550

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$129,638$135,825$265,463
Other Land Buildings$10,000$35,000$45,000
Investment Program Related Org$251,504--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Eric ShowellProgram DirectorFT$112,557$214,430$326,987
David NeiswanderCEOFT$249,306$16,109$265,415
Andrew HallDesign EngineerFT$82,230$120,664$202,894
Michael VeitenhansDirector Global PartnershipsFT$169,213$32,686$201,899
Alisha MyersM&E DirectorFT$98,507$85,787$184,294
Jeffrey BoskenTreasurer & Corp SecreataryFT$137,512$39,109$176,621
Ruth-Anne RenaudDirector Marketing & OutreachFT$117,177$43,713$160,890

Board Members and Trustees

NameTitle
Frederick KW DayBoard Chairman
Brian BenzerBoard Member
Byron DaileyBoard Member
Michael HerrBoard Member
Paula RestrepoBoard Member
Peter O'HaganBoard Member
Robert PerkowitzBoard Member
Stanley DayBoard Member
Maria SantosCorp. Secretary - (Thru 1/30)

Highest Paid Contractors

ContractorServicesLocationCompensation
Grant Thornton LLPAccounting171 NORTH CLARK STREET SUITE 200, Chicago, IL 60601$194,528
Creative Circle LLCWritingPO Box 74008799, Chicago, IL 60674$112,065
Revenue and Support

Revenue Composition

Contributions and Grants
$8,117,397
Program Service Revenue
$0
Investment Income
$104,163
Other Revenue
$10,610
All Other Contributions
$8,117,397
Change in Net Assets
$-416,765

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded9$30,342Fair Market Value (FMV)
Total Noncash Contributions9$30,342-

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,233,349
Revenue Not Reported on Financial Statements
$-1,179
Revenue Not Reported on Form 990
$662,960
Other Revenue Adjustments
$-1,179
Total Revenue per Audited Statements
$8,896,309
Total Revenue per Form 990
$8,232,170
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,535,510
Salaries, Compensation, and Employee Benefits$3,090,697
Other Expenses$2,022,728
Total Fundraising Expense$1,931,652
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$3,522,260--$3,522,260
Other Salaries and Wages$1,140,692$161,745$759,473$2,061,910
Fees for Services Other$225,147$73,657$214,788$513,592
Current Officers, Directors, Trustees, and Key Employees$260,830$141,394$39,812$442,036
Other Employee Benefits$267,680$24,898$52,040$344,618
Travel$170,336$36,415$121,719$328,470
Office Expenses$69,201$31,483$163,257$263,941
Advertising$20,043$1,053$203,814$224,910
Information Technology$36,021$31,191$118,068$185,280
Fees for Services Accounting$775$170,604-$171,379
Payroll Taxes$75,556$21,100$63,989$160,645
Conferences and Meetings$18,800$1,910$131,542$152,252
Pension Plan Contributions$43,493$4,200$33,795$81,488
Depreciation Depletion$45,830-$15,000$60,830
Occupancy$38,619$254$10,931$49,804
Insurance$16,261$24,269$344$40,874
Interest$15,840$12,320$3,080$31,240
Grants to Domestic Orgs$13,250--$13,250
Other Expenses$147$0$0$147
Fees for Services Legal$9--$9
Total Functional Expenses$5,980,790$736,493$1,931,652$8,648,935

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,317,644
Expenses per Audited Statements$8,648,935
Total Expenses per Form 990$8,648,935
Expenses Not Reported on Form 990$668,709
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Village Bicycle ProjectSeattle, WA501(c)(3)Implementation of BEEP Program$13,250

International Summary

Offices
4
Employees
118
Spending
$3,522,260

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-Saharan AfricaGrantmaking-4118$2,992,645
South AmericaGrantmaking-00$529,615
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
FK DaySubstantial ContributorBusiness RelationshipNo$621,836
Sram LLCTrustees/officersReimbursement of WBR ExpensesNo$520,192
Stan DaySubstantial ContributorBusiness RelationshipNo$149,000
Michael HerrSubstantial ContributorBusiness RelationshipNo$9,197
Brian BenzerSubstantial ContributorBusiness RelationshipNo$5,647

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
World Bicycle Relief NFP
EIN
20-5080679
In Care Of
% JEFF BOSKEN
Phone
3126643604
Address
1000 West Fulton Market, Chicago, IL 60607

Signing Officer

Name
Jeff Bosken
Title
Director of Finance
Phone
3126643604
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Neiswander
Formed
2006
Legal Domicile
Il
Voting Board Members
8
Independent Board Members
5
Employees
31
Volunteers
12

Preparer

Firm
Grant Thornton Llp
Address
171 N CLARK ST SUITE 200, CHICAGO, IL 60601
Preparer
Bridget T Roche
Phone
3128560200
Supplemental Narrative

Additional Explanations

General Information

Organization's mission (continued) form 990, part iii, line 1 our mission is to create access to education, healthcare, and economic opportunities in developing regions of the world where distance is a challenge. We envision a world where distance is no longer a barrier to independence and livelihood. World bicycle relief (wbr) mobilizes people through "the power of bicycles." our mission is to improve access to health services, education, and economic opportunities in developing regions of the world where distance is a challenge. We build and distribute a rugged, specially-designed, locally-assembled bicycle to health workers, students, households, and entrepreneurs. Since 2006, we have distributed over 447,000 bicycles to individuals in 19 countries. Our programs and social enterprise have contributed to community health workers expanding patient visits by 45%, students improving school pass rates by 36%, and dairy farmers increasing incomes by 23%. We know a bicycle can't stand alone, so we support our end-users by establishing market-based bicycle value chains, community-led programming, and continuous monitoring, evaluation, and learning. End-users have access to community-based field mechanics for maintenance services and spare parts, while our programs are buttressed by wbr-supported community supervisory committees that assist with program oversight, management, and monitoring. Education: 23,346 bicycles were provided to students, teachers and school volunteers to increase access to education and reduce travel time with a goal to improve educational outcomes. Healthcare: 14,406 bicycles were provided to healthcare workers to reduce travel time, reach more patients and spend more time caring for each patient - resulting in higher quality care and healthier communities. Economic development: 17,144 bicycles were sold to entrepreneurs, who used the bikes to increase their capacity, earn more income and improve the quality of life for their families. Over the last 13 years (through 2018), wbr has deployed more than 447,000 bicycles in 20 countries, changing 2,235,000 lives. (based on average family size in our program countries, one bicycle is changing the lives of five people.) how we do it with the experience and expertise gained over the last 13 years designing and delivering buffalo bicycles, wbr has developed an efficient, innovative and scalable model to successfully address the great need for reliable, affordable transportation in rural areas of developing countries. We are results-driven, monitoring and evaluating our programs to ensure we meet the end-user's needs. We combine philanthropic distributions with social enterprise sales to achieve greater impact. We are collaborative, working with partners who help us design and implement better programs. Our supply chain is built to be sustainable, scalable and nimble, while our buffalo bicycles are designed and manufactured to be strong, durable and affordable. And our local assembly and field mechanic training creates transportation infrastructure in the countries where we work. Through this model, we are helping individuals overcome transportation barriers to education, healthcare and economic development, and build better lives. Education wbr's bicycles for educational empowerment program (beep), which launched in zambia in 2009, helps improve access to basic education by providing buffalo bicycles to students, teachers and school volunteers in rural areas of developing countries. Bicycle recipients are selected based on distance traveled and vulnerability criteria established by community members who oversee the program. Students sign a study-to-own contract, agreeing to attend classes regularly. When they're not riding the buffalo bicycle to school, it's available to carry goods to market, visit the healthcare clinic and access water. This empowers the household with a tool for development, leading to increased economic opportunity in communities. To date, wbr h

Maintenance

EVEN THE MOST ROBUST BICYCLE NEEDS REGULAR MAINTENANCE AND OCCASIONAL SPARE PARTS TO KEEP IT ROLLING OVER RUGGED TERRAIN. IT'S IMPORTANT THAT BICYCLE OWNERS HAVE ACCESS TO LOCAL, QUALIFIED REPAIR SERVICE THEY CAN COUNT ON. TO THIS END, WBR OPERATES A FIELD MECHANIC TRAINING PROGRAM. TRAINING CONSISTS OF A THREE- TO FIVE-DAY SESSION FOCUSING ON BUSINESS SKILLS AND THE PROPER ASSEMBLY, MAINTENANCE AND REPAIR OF THE BIKE. FIELD MECHANICS ENTER INTO A SERVICE-TO-OWN CONTRACT WHEREBY THEY PLEDGE TO PROVIDE REPAIR SUPPORT TO THE BICYCLES FOR EDUCATIONAL EMPOWERMENT PROGRAM (BEEP) OR OTHER INITIATIVES FOR AN AGREED PERIOD OF TIME. EACH SUCCESSFULLY TRAINED MECHANIC RECEIVES A BICYCLE, A SET OF HIGH QUALITY BICYCLE TOOLS, A UNIFORM AND MARKETING MATERIALS. TO DATE, 2,201 BICYCLE MECHANICS HAVE BENEFITED FROM TRAINING AND EMPLOYMENT, WHILE CONTRIBUTING TO THE ECONOMIC INFRASTRUCTURE OF THEIR VILLAGES. Program Services (Continued) Philanthropic Bicycle Distribution FORM 990 PART III, 4A Through 2018, WBR has distributed 208,480 bicycles through philanthropic distributions into the following programs: Bicycles for Educational Empowerment Program (BEEP) WBRs Bicycles for Educational Empowerment Program (BEEP) helps improve access to basic education by providing Buffalo Bicycles to students, teachers and community volunteers in rural areas of developing countries. Over the past 10 years, WBR has successfully implemented BEEP with more than 187,000 bicycles in 13 countries. In 2018, 19,294 students in 5 countries received Buffalo Bicycles through this program. Central to BEEP is the improvement of educational outcomes for girls, with 70% of BEEP bicycles allocated to female recipients. In line with our mission to advance outcomes through impact measurement, we work in close partnership with Ministries of Education, schools and communities to continually adjust program implementation, bicycle monitoring and community capacity. Examples of program evolution include improved community training, preventative bicycle maintenance programs, termly coordination meetings of Bicycle Supervisory Committees (BSCs) and improved field mechanic education and integration. Through ongoing program innovation, students can take full advantage of their education. In 2016, a needs assessment indicating a high level of absenteeism helped identify the Namwala district of Zambia as a candidate for BEEP. The resulting program, which distributed 2,408 Buffalo Bicycles across 15 schools in Namwala, took place from 2016-2018. To study the program in schools over time, we sampled attendance and performance data from beneficiaries and non-beneficiaries across 10 schools. After two years of program implementation, the schools that we studied reported the following improvements: -Reduced Travel Time: Students reduced their travel time from 80 to 55 minutes, a 31% decrease. -Increased Punctuality: Students with bicycles arrived late to school on six occasions, compared with 12 days, a 50% reduction. -Improved Sense of Safety: There was an 81% increase in students reporting they feel safer traveling to school. -Multiplier Effect: 75% of the beneficiaries said that they always carry someone on their bicycle when riding to school. Churches Health Alliance Zambia (CHAZ) For millions living in rural areas of developing countries, an army of volunteer caregivers provide a vital lifeline to quality healthcare and support. Providing a last-mile transportation solution for healthcare is a key focus for World Bicycle Relief. With a quality Buffalo Bicycle, caregivers can see more patients, spend more time at their homes, deliver more goods and even provide transportation to the clinic. Besides being a critical work tool, a Buffalo Bicycle is a valuable incentive for caregivers to continue to volunteer, producing a greater continuity of care and healthier communities. Churches Health Alliance Zambia (CHAZ) is an interdenominational umbrella organization for coordinating health servic

Governing Body Committees

Form 990, part vi, line 1a the board of directors shall have power to appoint committees for the purpose of conducting certain aspects of the corporate business not otherwise delegated. Committees may not act on behalf of the corporation unless such authority is specifically delegated to the committee, and if such corporate authority is so delegated, it shall be valid only as to a single issue and not in general terms. The board of directors may from time to time appoint advisory boards or special councils for specific purposes that do not require corporate action. The composition of such advisory groups may include persons with professional skills or special experience necessary to advise and inform the board of directors. Such advisory groups shall not have the authority to commit the corporation to any legal contracts or agreements whether or not related to the business of the corporation. The board of directors shall not lend apparent authority to such advisory groups and all related corporate resolutions shall expressly limit the groups' authority in this respect.

Business and Family Relationships

Form 990, part vi, line 2 board members stanley day and chairman frederick k.w. Day have a family relationship. Michael herr, brian benzer, stanley day, and frederick k.w. Day have a business relationship.

Form 990 Review Process

Form 990, part vi, line 11b the cfo and treasurer reviewed a draft of the form 990 that was prepared by a third party tax preparer, grant thornton, based upon information wbr provided the preparer. Subsequent to their review, management and the full voting board received a copy of the draft return electronically. The board provided any questions or comments to the ceo and treasurer and the form 990 was revised, as necessary. The full voting board of directors received a copy of the form 990 prior to filing with the irs.

Conflict of Interest Policy Monitoring & Enforcement

Form 990, part vi, line 12c the responsibility for disclosing any known or reasonably foreseen actual or potential conflicts of interest shall be upon the interested party whose interests are or may appear to be in conflict. All interested parties are required to file a disclosure statement with wbr prior to such individual commencing his or her service with wbr and thereafter shall file with wbr an updated disclosure statement as may be required from time to time by the board of directors or its committee designee, and in no event less often than annually. The minutes shall reflect that the conflict of interest was disclosed and the interested person was not present during any discussion of the matter and did not vote on the matter in person or by proxy. When any such conflict of interest is relevant to a matter requiring action by the board of directors or any committee of the board, the interested person shall disclose such conflict to the board of directors or such committee; and shall not vote on the matter. Further, the interested person having a conflict shall retire from the room in which the board or the committee is meeting and shall not participate in any deliberation or decision regarding the matter under consideration. When there is a doubt as to whether a conflict of interest exists, the matter shall be resolved by a vote of the board of directors or the committee, as the case may be, excluding the interested person concerning whom the doubt has arisen. The board of directors, from time to time, shall report on its implementation of these guidelines and the status of any policy developments regarding compensation and conflicts of interest. Further, the board of directors shall report after having been alerted to specific instances when these guidelines have not been followed or any other issue regarding compensation or conflict of interest is determined to exist.

Compensation Review

Form 990, part vi, line 15a wbr establishes a rebuttable presumption that the compensation paid to the ceo and other executives is reasonable. Wbr establishes a position by comparing the compensation of its ceo and other executives against 10 similar size nonprofits in wbr's peer group and third-party market data provided by grant thornton. The data used for the comparison is taken from the 990, annual report and audited financial statements from the 10 nonprofits and third-party data bases accessed by grant thornton. The final analysis is presented to the board of directors of wbr and salaries are approved yearly at the february board meeting.

Compensation Review by Independent Persons

Form 990, part vi, line 15b compensation is established for the ceo and treasurer by the board after a thorough salary/market review by a third party. This salary/market review process was completed in 2018 by grant thornton. Each year the board evaluates the ceo and treasurers performance through an assessment process. The board uses this data to determine compensation. The senior staff has a comprehensive performance evaluation and compensation review done at the end of each calendar year. Salary is benchmarked regularly vis-a-vis other similar organizations using form 990 data. Documentation of the compensation review is contemporaneously documented in the human resources files.

Governing Documents Available to Public

Form 990, part vi, line 19 the following documents are posted on the organization's website and available upon request: articles of incorporation, bylaws, conflict of interest policy, and audited financial statements.

Financial Statement Notes

Schedule D, Part X, Line 2

Fin 48 wbr nfp is a not-for-profit entity, as described in section 501(c)(3) of the internal revenue code (the irc), and was organized and incorporated in illinois as a not-for-profit organization in 2006. Wbr nfp has received a favorable determination letter from the internal revenue service for its section 501(c)(3) status under the irc of 1986, and is exempt from income taxes, except to the extent of any unrelated business income. For the periods ended december 31, 2018 and 2017, the organization does not have unrelated business income. As of december 31, 2018 and 2017, management has determined that there are no material uncertain positions that require recognition in the consolidated financial statements. Consolidated financial statements.

Schedule D, Part XI, Line 4B

Other revenue amounts included on return but not on financials: cost of goods sold ($ 1,179) total ($ 1,179)

Schedule D, Part XII, Line 2D

Other expense amounts included on financials but not on return: cost of goods sold $ 1,179 total $ 1,179

Raw XML AppendixShowing 400 of 1,139 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0WORLD BICYCLE RELIEF MOBILIZES PEOPLE THROUGH THE POWER OF BICYCLES. WE ENVISION A WORLD WHERE DISTANCE IS NO LONGER A BARRIER TO INDEPENDENCE AND LIVELIHOOD.
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IRS990/Desc0PHILANTHROPIC BICYCLE DISTRIBUTION World Bicycle Relief (WBR) distributes bicycles through philanthropic support into programs run by both WBR and outside partners that purchase bicycles through its social enterprise program. In doing so, WBR is able to extend the reach of its mission to empower students, health workers and entrepreneurs in developing countries with the bicycle as a reliable transportation option. (Continued on Schedule O)
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IRS990/MissionDesc0WBR MOBILIZES PEOPLE THROUGH THE POWER OF BICYLES. WE CREATE ACCESS TO EDUCATION, HEALTHCARE, & ECONOMIC OPPORTUNITIES IN DEVELOPING REGIONS WHERE DISTANCE IS A CHALLENGE. (CONT'D ON SCH O.)
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IRS990/PrincipalOfficerNm0DAVID NEISWANDER
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IRS990/ProgSrvcAccomActy2Grp/Desc0SOCIAL ENTERPRISE WORLD BICYCLE RELIEF (WBR) SUPPORTS THE SOCIAL ENTERPRISE PROGRAM THROUGH SHARED LEADERSHIP RESOURCES. Social enterprise sales from our wholly owned for-profit subsidiary, Buffalo Bicycles Ltd., help fund our philanthropic programs and provide valuable data that aid us in developing economies of scale and other efficiencies. (Continued on Schedule O)
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0370916

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Summary only. Only limited summary data is available for this year.$10.3$2.86$7.43$14.3$13.6$0.68
2023Summary only. Only limited summary data is available for this year.$13.3$2.31$11.0$15.5$16.5$0.95
2022Summary only. Only limited summary data is available for this year.$12.8$0.39$12.4$12.2$12.4$0.19
2021Summary only. Only limited summary data is available for this year.$12.9$0.24$12.6$12.4$10.4$2.01
2020Summary only. Only limited summary data is available for this year.$9.94$0.37$9.57$9.59$5.87$3.72
2019Summary only. Only limited summary data is available for this year.$6.80$0.95$5.85$8.31$8.27$0.04
2018Detailed filing. Detailed filing data is available for this year.$6.07$0.24$5.83$8.23$8.65$0.42
2018Summary only. Only limited summary data is available for this year.$6.07$0.24$5.83$8.23$8.65$0.42
2017Summary only. Only limited summary data is available for this year.$6.58$0.33$6.25$7.93$9.16$1.23
2016Summary only. Only limited summary data is available for this year.$7.80$0.33$7.48$7.85$6.11$1.74
2015Summary only. Only limited summary data is available for this year.$6.16$0.45$5.71$5.43$6.99$1.56
2014Summary only. Only limited summary data is available for this year.$8.06$0.76$7.30$7.48$5.90$1.59
2013Summary only. Only limited summary data is available for this year.$6.24$0.57$5.67$5.37$4.16$1.21
2012Summary only. Only limited summary data is available for this year.$4.67$0.27$4.41$4.03
2011Summary only. Only limited summary data is available for this year.$4.09$0.75$3.34$3.50
2010Summary only. Only limited summary data is available for this year.$2.76$0.35$2.42$2.18$1.51$0.68
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits