Civic Intelligence

World Bicycle Relief Nfp

990 • Fiscal year 2020 • EIN 20-5080679

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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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

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

18th percentile

0.04x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

87th percentile

39%

Higher net margin than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$320,782

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 3.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

87th percentile

46%

Faster asset growth than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

72nd percentile

15%

Faster revenue growth than 72% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$9,936,422

Up $3,139,561 (+46%) from 2019

Net Assets

Up

$9,568,568

Up $3,718,882 (+64%) from 2019

Liabilities

Down

$367,854

Down $579,321 (-61%) from 2019

Revenue

Up

$9,592,329

Up $1,285,688 (+15%) from 2019

Expenses

Down

$5,874,932

Down $2,391,158 (-29%) from 2019

Net Income

Up

$3,717,397

Up $3,676,846 (+9067%) from 2019

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 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

2020

Assets$9,936,422
Liabilities$367,854
Net Assets$9,568,568

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 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

2020

Revenue$9,592,329
Expenses$5,874,932
Net Income$3,717,397
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.1
Gross Receipts
$9,611,637
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. (continued in schedule o) we envision a world where distance is no longer a barrier to independence and livelihood so individuals and communities can thrive. Our long-term goal is to inspire followers, funders, partners, and competitors to scale the availability of quality bicycles. We seek to empower the one billion individuals worldwide who do not have affordable, accessible transportation and therefore lack access to education, healthcare, and livelihoods. World bicycle relief distributes a rugged, specially-designed, locally-assembled bicycle, while also building a sustainable mobility ecosystem with community-based mechanics, sustainable spare parts supply chains, and community-owned programming.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$5,117,696$6,523,554▲ $1,405,858
Savings and Temporary Cash Investments$991,091$2,863,689▲ $1,872,598
Pledges and Grants Receivable$293,716$207,214▼ $86,502
Prepaid Expenses and Deferred Charges$189,659$193,096▲ $3,437
Land, Buildings, and Equipment, Net$185,883$130,053▼ $55,830
Investments Other Securities$18,816$18,816→ $0
Total Assets$6,796,861$9,936,422▲ $3,139,561
Liabilities
Accounts Payable and Accrued Expenses$247,175$217,674▼ $29,501
Unsecured Notes Loans Payable$0$150,000▲ $150,000
Other Liabilities$700,000$180▼ $699,820
Total Liabilities$947,175$367,854▼ $579,321
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,759,686$9,493,568▲ $3,733,882
Net Assets With Donor Restrictions$90,000$75,000▼ $15,000
Total Net Assets Fund Balance$5,849,686$9,568,568▲ $3,718,882
Total Liabilities and Net Assets / Fund Balance$6,796,861$9,936,422▲ $3,139,561

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$76,868$191,498$268,366
Other Land Buildings$53,185$80,140$133,325
Investment Program Related Org$-45,194--
Buildings$0--
Leasehold Improvements$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NeiswanderCEOFT$285,581$35,201$320,782
Eric ShowellProgram DirectorFT$116,126$141,507$257,633
Alisha MyersSii DirectorFT$135,594$89,181$224,775
Jeffrey BoskenTreasurer & Corp SecretaryFT$176,626$38,857$215,483
Susan BornsteinEd Institutional MarketsFT$152,895$30,945$183,840
James GeneskeEd Marketing & CommunicationsFT$155,835$15,774$171,609
Andrew SamwaysVP of Product DevelopmentFT$154,270$15,543$169,813

Board Members and Trustees

NameTitle
Frederick Kw DayBoard Chairman
Byron DaileyBoard Member
David T TswamunoBoard Member
Leah Missbach DayBoard Member
Michael HerrBoard Member
PETER O'HAGANBoard Member
Paula RestrepoBoard Member
Robert PerkowitzBoard Member
Stanley DayBoard Member
Oren Wyche-shawBoard Member (beg 11/20)

Highest Paid Contractors

ContractorServicesLocationCompensation
Grant Thornton LLPAccounting1901 SOUTH MEYERS ROAD, Oakbrook Terrace, IL 60181$214,682
Revenue and Support

Revenue Composition

Contributions and Grants
$9,452,136
Program Service Revenue
$0
Investment Income
$121,226
Other Revenue
$18,967
All Other Contributions
$9,452,136
Change in Net Assets
$3,717,397

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 Traded18$695,990Fair Market Value (FMV)
Total Noncash Contributions18$695,990-

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,611,637
Revenue Not Reported on Financial Statements
$-19,308
Revenue Not Reported on Form 990
$519,130
Other Revenue Adjustments
$-19,308
Total Revenue per Audited Statements
$10,130,767
Total Revenue per Form 990
$9,592,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,627,140
Total Fundraising Expense$1,741,207
Other Expenses$1,544,010
Grants and Similar Amounts Paid$703,782
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,490,418$127,189$947,850$2,565,457
Foreign Grants$703,782--$703,782
Current Officers, Directors, Trustees, and Key Employees$319,122$156,991$14,739$490,852
Information Technology$36,398$186,524$65,949$288,871
Other Employee Benefits$204,997$26,314$41,014$272,325
Office Expenses$60,741$35,749$158,922$255,412
Fees for Services Other$53,903$20,732$172,190$246,825
Fees for Services Accounting$24,646$207,262-$231,908
Payroll Taxes$105,011$25,941$61,765$192,717
Travel$91,805$11,337$23,574$126,716
Pension Plan Contributions$59,358$10,935$35,496$105,789
Advertising$5,429-$97,708$103,137
Conferences and Meetings$7,517$14,319$63,184$85,020
Insurance$42,597$19,689$10,059$72,345
Depreciation Depletion$26,388-$29,442$55,830
Interest-$24,012$-234$23,778
Occupancy$17,413-$3,519$20,932
Fees for Services Legal$14,065$671-$14,736
Other Expenses$87-$16,030$87
Total Functional Expenses$3,266,060$867,665$1,741,207$5,874,932

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,411,941
Expenses per Audited Statements$5,874,932
Total Expenses per Form 990$5,874,932
Expenses Not Reported on Form 990$537,009
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
14
Employees
0
Spending
$703,782

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 AfricaGrantmakingBicycles40$285,845
Sub-saharan AfricaGrantmakingBeep Support40$187,873
South AmericaGrantmakingBicycles10$105,270
Sub-saharan AfricaGrantmakingSocial Enterprise40$100,000
South AmericaGrantmakingBeep Support10$24,794
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 Cont.Bus. Rel.No$1,074,372
Sram LLCTrustees/officersServicesNo$379,617
Stan DaySubstantial Cont.Bus. Rel.No$141,382
Michael HerrSubstantial Cont.Bus. Rel.No$12,025
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sales Tax Liability$180
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 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
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

Governance Explanations

Form 990, Part VI, Section A, Line 1

Governing body committees 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.

Form 990, Part VI, Section A, Line 2

Business and family relationships board members stanley day and chairman frederick k.w. Day have a family relationship. Michael herr, stanley day, and frederick k.w. Day have a business relationship.

Form 990, Part VI, Section B, Line 11B

Form 990 review process 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.

Form 990, Part VI, Section B, Line 12C

Conflict of interest policy monitoring & enforcement 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.

Form 990, Part VI, Section B, Line 15

Compensation review 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 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 2020 by grant thornton. Each year the board evaluates the ceo and treasurer's 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.

Form 990, Part VI, Section C, Line 19

Governing documents available to public 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.

Filing and Contact Details

Filer

Filer Name
World Bicycle Relief Nfp
EIN
20-5080679
Phone
3126643604
Address
1000 WEST FULTON MARKET, CHICAGO, IL 60607

Signing Officer

Name
Jeff Bosken
Title
Director of Finance
Phone
3126643604
Signed
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David H Neiswander
Formed
2006
Legal Domicile
Il
Voting Board Members
10
Independent Board Members
7
Employees
31
Volunteers
10

Preparer

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

Additional Explanations

FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:(CONTINUED)

We address the systemic challenges of distance and last mile mobility by manufacturing a bicycle specially designed from the ground up for rough roads and heavy loads for poor people in rural areas who cannot afford to buy bicycles and consumers. Rugged, affordable, long-lasting, and locally-assembled, wbr distributes the buffalo bicycle to healthcare service providers, students, farmers, and businesses, while building a sustainable bicycle mobility ecosystem to support end-users. By working with partners, training local bicycle mechanics, providing market-based access to spare parts, and nurturing community ownership of programming, we support community-based long-term impact and a vibrant mobility ecosystem. Since 2005, wbr has distributed 550,742 purpose-built bicycles (as of dec 2020), impacting an estimated 2.8 million individuals across 20 countries. We rigorously measure results, seek input from users and partners, and iterate the buffalo bicycle and our programs to maximize sustainable impact on those we serve. Illustrative results education: wbr's education and empowerment program continues to improve student attendance, punctuality and broader education outcomes, first demonstrated in a randomized controlled trial in 2017-2018. In 2019, two years after the start of the intervention, researchers followed up on the study and evaluated school administrative data related to attendance and dropouts for girl students at treatment and control schools. They found that the bicycle program continued to improve girls' attendance and had an effect on dropout rates. In 2020, zambia was affected by the global covid pandemic with primary and secondary schools closed from april 2020. When schools reopened in september 2020, researchers found the bicycle program intervention continued to improve girls' attendance, three years after program start, with a 29% reducton in absenteeism. Girls with bicycles attended an extra 2 days of school per term vs girls without bicycles. Girls with bicycles were 19% less likely to drop out of school vs girls without bicycles. Health: on two u.s. Agency for international development funded health focused activities, the projects found that with a buffalo bicycle, health workers with a buffalo bicycle in kenya increased their monthly patient visits 88%, boosted patient referrals up to 50%, and contributed to tuberculosis drug defaulter rates dropping to 0% in a sample of clinics. In zambia, where retaining volunteer health workers can be a major challenge, the project found that with a two-year service-to-own incentive agreement for a bicycle, health worker retention rates reached 95%. Livelihoods: through a partnership with a local zambian dairy cooperative providing milk to parmalat, wbr has been selling buffalo bicycles to small holder dairy farmers. With their bicycle, the cooperative's farmers increased their deliveries by 25% and income by 23%, while maintaining a 100% repayment rate. In support of a food and agriculture organization activity promoting conservation agriculture practices, lead farmers that were provided buffalo bicycles increased their follower farmer visits by 120%, 79% of lead farmers were able to visit more follower farmers per month, and time to market dropped by 45%, saving 3.5 hours per week while reducing post-harvest losses. The need according to the world bank, one billion people lack access to economic opportunities, markets, healthcare, and education due to distance. In africa alone, 70% of the rural population lack access to all season road and transport services, and primarily rely on walking. Rural households face several barriers preventing them from overcoming the challenge of distance. In sparsely populated geographies, national and local governments provide few public transport options. Personal transport assets, like bicycles and motorbikes, are relatively expensive for households living at the base of the economic pyramid, and rural households also have limited

FORM 990, PART III, LINE 4A: (CONTINUED)

Through partnerships with target communities, community members play a critical role in identifying and prioritizing high impact activities, with the ultimate goal of assisting communities to increase access to education, healthcare, and livelihoods in a sustainable manner. Working with local leaders and building local management capacity, our partner communities use sustainable bicycle transport to reduce their vulnerability, boost their independence, and ultimately thrive. Based on learnings and insights from previous activities, wbr's programming approach has continued to evolve. We operate both sector-specific activities focused on health, education, or livelihoods, while also launching a holistic multi-sector approach in defined geographies for a five+ year duration. Given that a bicycle is a household asset that men, women, boys, and girls use in many different ways, a holistic approach enables cost efficiencies and an even higher return on impact. Using a multi-sector approach in defined geographies with an upfront commitment to a multi-year engagement, wbr can best support sustainable bicycle use through our sustainable bicycle ecosystem, which includes our assembly and distribution facility, spare parts supply chain, trained local mechanics, social enterprise retail shops, and community ownership of programming. Our programming approach is informed by the sustainable livelihoods framework developed by the united kingdom's department of international development. The sustainable livelihoods approach looks holistically at poverty's causes and considers the assets that poor people need in order to sustain an adequate income to live, such as quality bicycles in areas where distance is a challenge. Our theory of change is based on the hypothesis that if communities help identify the distance barriers they face and co-design solutions, are supported to create local management structures, and are provided with high quality buffalo bicycles, supported by wbr-trained community mechanics and access to spare parts, then they will manage community bicycle programs and benefit from improved transportation to goods and services. That will result in improved household access to markets, community structures and services, girl and boy school attendance, maintained bicycles, and sustainable community owned bicycle programs. Over the long-term, our approach results in improved productivity, increased and diversified household incomes, improved education and healthcare, and other empowerment outcomes. These outcomes, supported by wbr's holistic bicycle ecosystem, will result in people and communities being independent and thriving.

FORM 990 PART III, LINE 4B: (CONTINUED)

Social enterprise sales typically account for 45% to 60% of wbr's total bicycles distributed in a given year. Since the launch of buffalo bicycle limited in 2008, our social enterprise has sold approximately 315,000 bicycles. Through buffalo bicycle limited, wbr multiplies our impact: we increase market access for the buffalo bicycle to individuals and organizations, expand wbr's funding base (reducing some need for philanthropic funding), nurture a market-based supply chain of spare parts, and leverage manufacturing economies of scale, which lowers the per unit cost of bicycles for wbr programs. 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. In an effort to create efficiencies in resources, a portion of time and resources from certain members of the leadership team are allocated to the running of buffalo bicycles. In doing so, wbr and buffalo bicycles maintain an aligned focus on the mission of the organization - to provide reliable, affordable transportation in developing countries.

FORM 990 PART III, LINE 4C: (CONTINUED)

That's why wbr's product development team constantly works to improve the bicycle and its spare parts: to help ensure the sustainability and advancement of all programs that use the buffalo bicycle. Wbr's guiding principle of all answers are found in the field means that design decisions are framed by the landscape of locally available spare parts, tools and repair expertise, as well as cultural considerations about how bikes are likely to be used and maintained. This often results in using unconventional components on the bikes. The coaster brake, for example, slows the rear wheel through a back-pedaling action. This seemingly antiquated design, now typically found only on children's bikes, requires no cables to operate. This may be a trivial consideration in the united states, where brake cables are easy to find. But as they are not commonly available in the countries in which wbr operates, the advantage of a cable-free brake is significant. Wbr's product development team aims to be considerate of the realities of where our bikes are used. However, wbr also feels it has a responsibility to improve the experience of owning and using a bicycle. Where the available spare parts are inadequate, wbr seeks to make better parts available. Where availability is limited, wbr seeks to improve distribution and access through its network of trained mechanics and growing network of local shops. The design of the bicycle is dynamic. The process is ongoing. As the organization grows, and annual volumes increase, wbr revisits earlier design decisions to continuously refine the bicycle.

FORM 990, PART XI, LINE 9:

Other changes in net assets or fund balances -9,698.

Covid-19 Narrative Changes/operating Changes

As covid-19 rapidly progressed into a global pandemic, localized lockdowns closed schools and forced world bicycle relief to pause planned bicycle distributions into education programs. With a quick pivot to obtain "essential services" status, the organization engaged local and regional partners in delivering bicycles to frontline health and agricultural workers. Rigorous health and safety measures were instituted to protect the assembly group and keep buffalo bicycle retail shops open for community access to spares and bicycles. Prioritizing the health of a global team and the organization's long-term stability in the face of uncertainty, world bicycle relief adopted a cautious and prudent spending approach throughout the year. Following local protocols, field engagements were reduced, and focus shifted to further developing field strategy, program design, and systems. As the crisis continues to evolve in 2021 and local restrictions ease, program operations have re-started with plans to scale as quickly and responsibly as possible toward a 2021 program bicycle distribution goal of +47% over 2019. Learn more about world bicycle relief's 2020 activities and impact, as well as the organization's strategy forward at worldbicyclerelief.org/2020-impact-report/.

Financial Statement Notes

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, 2020, and 2019, the organization does not have unrelated business income. As of december 31, 2020, and 2019, management has determined that there are no material uncertain positions that require recognition in the consolidated financial statements.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -19,308.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 19,308.

Raw XML AppendixShowing 400 of 1,140 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/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0OAKBROOK TERRACE
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GRANT THORNTON LLP
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IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC SHOWELL
IRS990/Form990PartVIISectionAGrp/PersonNm2ALISHA MYERS
IRS990/Form990PartVIISectionAGrp/PersonNm3JEFFREY BOSKEN
IRS990/Form990PartVIISectionAGrp/PersonNm4SUSAN BORNSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm5JAMES GENESKE
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IRS990/Form990PartVIISectionAGrp/PersonNm12PETER O'HAGAN
IRS990/Form990PartVIISectionAGrp/PersonNm13ROBERT PERKOWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm14PAULA RESTREPO
IRS990/Form990PartVIISectionAGrp/PersonNm15DAVID T TSWAMUNO
IRS990/Form990PartVIISectionAGrp/PersonNm16OREN WYCHE-SHAW
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SII DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt4ED INSTITUTIONAL MARKETS
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IRS990/ProgSrvcAccomActy2Grp/Desc0SOCIAL ENTERPRISEAS PREVIOUSLY NOTED, BUFFALO BICYCLE LIMITED, WBR'S WHOLLY-OWNED SOCIAL ENTERPRISE, ALLOWS WBR TO LEVERAGE TWO OF OUR THREE PRIMARY DISTRIBUTION CHANNELS: SALES TO INDIVIDUALS (E.G. FARMERS) THROUGH OUR NETWORK OF SMALL SOCIAL ENTERPRISE RETAIL SHOPS (NUMBERING 46 ACROSS FIVE COUNTRIES AS OF SEP 2021), AND SALES TO ORGANIZATIONS (E.G. MINISTRIES OF HEALTH, UNICEF, U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT PROJECTS). (CONTINUED IN SCHEDULE O)
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IRS990/ProgSrvcAccomActy3Grp/Desc0PRODUCT DEVELOPMENTFOR THOSE WORLD BICYCLE RELIEF SERVES, THE VALUE OF A BICYCLE IS ULTIMATELY MEASURED IN THE TIME AND EFFORT IT SAVES. THE VALUE OF THE BUFFALO BICYCLE ISN'T IN THE OBJECT ITSELF BUT RATHER IN THE FUNCTION IT PROVIDES. BUFFALO BICYCLES DRAMATICALLY INCREASE EFFICIENCY FOR ITS RECIPIENTS - INDIVIDUALS AT THE LOWEST LEVEL OF THE ECONOMIC LADDER. (CONTINUED IN SCH O)
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0MONITORING AND EVALUATION WORLD BICYCLE RELIEF IS CONSISTENTLY MEASURING THE IMPACT OF THE BICYCLE IN WBR AND NON WBR RUN PROGRAMS. LEARNING FROM MISTAKES AND ENHANCING STRENGTHS ENSURES WBR IS PROVIDING THE BEST SOLUTION POSSIBLE TO MOBILITY TO THOSE IT SERVES.
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IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08213892
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02628748
IRS990/PYInvestmentIncomeAmt096305
IRS990/PYOtherExpensesAmt02041334
IRS990/PYOtherRevenueAmt0-3556
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt040551
IRS990/PYSalariesCompEmpBnftPaidAmt03596008
IRS990/PYTotalExpensesAmt08266090
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08306641
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03717397
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00

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
2020Detailed filing. Detailed filing 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
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. 2020 filings • 501(c)3 • $5M-$10M nonprofits