Civic Intelligence

World Bicycle Relief Nfp

990 • Fiscal year 2024 • EIN 20-5080679

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 02, 2025

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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

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.20x

Higher debt load relative to revenue than 47% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

51st percentile

4.8%

Higher net margin than 51% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$394,707

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

3rd percentile

-23%

Faster asset growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-7.8%

Faster revenue growth than 21% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$10,289,972

Down $3,052,320 (-23%) from 2023

Net Assets

Down

$7,428,401

Down $3,603,402 (-33%) from 2023

Liabilities

Up

$2,861,571

Up $551,082 (+24%) from 2023

Revenue

Down

$14,318,779

Down $1,206,193 (-7.8%) from 2023

Expenses

Down

$13,636,350

Down $2,838,057 (-17%) from 2023

Net Income

Up

$682,429

Up $1,631,864 (+172%) from 2023

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

2024

Assets$10,289,972
Liabilities$2,861,571
Net Assets$7,428,401

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

2024

Revenue$14,318,779
Expenses$13,636,350
Net Income$682,429
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 2, 2025
Return Version
2024v5.2
Gross Receipts
$14,480,228
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 communities in rural regions around the (continued in schedule o) world to thrive with life changing bicycles. By combining (bicycle) product development with community-led programming and social enterprise, students, community service providers, farmers and entrepreneurs can improve their access to education, healthcare and economic opportunities with a purpose-designed buffalo bicycle, supported by an ecosystem of sustainable mobility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$11,553,812$8,536,218▼ $3,017,594
Savings and Temporary Cash Investments$735,744$898,643▲ $162,899
Pledges and Grants Receivable$788,617$596,751▼ $191,866
Prepaid Expenses and Deferred Charges$111,112$149,225▲ $38,113
Land, Buildings, and Equipment, Net$151,353$107,480▼ $43,873
Investments Other Securities$0$0→ $0
Total Assets$13,342,292$10,289,972▼ $3,052,320
Other Assets Total$1,654$1,655▲ $1
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,500,000$2,300,000▲ $800,000
Accounts Payable and Accrued Expenses$728,874$517,317▼ $211,557
Other Liabilities$81,615$44,254▼ $37,361
Deferred Revenue$0$0→ $0
Total Liabilities$2,310,489$2,861,571▲ $551,082
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,931,803$7,348,401▼ $3,583,402
Net Assets With Donor Restrictions$100,000$80,000▼ $20,000
Total Net Assets Fund Balance$11,031,803$7,428,401▼ $3,603,402
Total Liabilities and Net Assets / Fund Balance$13,342,292$10,289,972▼ $3,052,320

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$107,403$332,713$440,116
Other Land Buildings$77$166,925$167,002
Investment Program Related Org$4,810--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David NeiswanderCEOFT$367,859$26,848$394,707
Andrew SamwaysVP of Product DevelopmentFT$146,230$194,542$340,772
Sean Granville RossEd of ProgramsFT$163,453$129,380$292,833
Jeffrey BoskenTreasurer & Corp SecretaryFT$233,911$41,293$275,204
Alisha MyersSii DirectorFT$173,013$99,200$272,213
Dawn MoenEd Development, Marketing, & CommsFT$170,275$24,645$194,920
Andrew BatchelorInstitutional Markets LeadFT$173,876$6,316$180,192

Board Members and Trustees

NameTitle
Anna-marie HarlingBoard Member
Esther NdetiBoard Member
Frederick Kw DayBoard Member
Leah Missbach DayBoard Member
Liz KellisonBoard Member
Michael Robert HerrBoard Member
Nathaniel HellerBoard Member
Robert PerkowitzBoard Member
Stanley DayBoard Member
Damaris ParsitauBoard Member (thru 01/24)
PETER O'HAGANBoard Member (thru 01/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Grant Thornton Advisors LLCAccounting171 N CLARK ST SUITE 200, Chicago, IL 60601$183,833
Revenue and Support

Revenue Composition

Contributions and Grants
$13,895,269
Program Service Revenue
$0
Investment Income
$129,174
Other Revenue
$294,336
All Other Contributions
$10,033,956
Change in Net Assets
$682,429

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded16$751,218Fair Market Value (FMV)
Other Non Cash Contri Table5$48,600Fair Market Value (FMV)
Total Noncash Contributions21$799,818-

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,348,970
Revenue Not Reported on Financial Statements
$-30,191
Revenue Not Reported on Form 990
$1,115,847
Other Revenue Adjustments
$-30,191
Total Revenue per Audited Statements
$15,464,817
Total Revenue per Form 990
$14,318,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,817,756
Salaries, Compensation, and Employee Benefits$5,257,554
Total Fundraising Expense$2,681,761
Other Expenses$2,561,040
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$5,817,756--$5,817,756
Other Salaries and Wages$1,780,913$431,755$1,601,296$3,813,964
Current Officers, Directors, Trustees, and Key Employees$392,850$190,527$18,393$601,770
Fees for Services Other$286,649$127,115$154,218$567,982
Information Technology$62,515$307,332$84,718$454,565
Payroll Taxes$237,736$43,974$116,992$398,702
Other Employee Benefits$140,659$36,131$122,765$299,555
Office Expenses$20,446$51,945$194,221$266,612
Fees for Services Accounting$25,901$222,094-$247,995
Travel$105,747$50,896$80,181$236,824
Advertising$83,558$388$151,062$235,008
Interest$109,788$109,789-$219,577
Pension Plan Contributions$70,022$20,567$52,974$143,563
Fees for Services Legal-$110,394-$110,394
Conferences and Meetings$2,818$7,635$90,948$101,401
Insurance-$45,898$1,010$46,908
Depreciation Depletion$38,016$5,933-$43,949
Occupancy$16,270-$12,983$29,253
Other Expenses$572$0$0$572
Total Functional Expenses$9,192,216$1,762,373$2,681,761$13,636,350

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$19,068,219
Expenses per Audited Statements$13,667,696
Total Expenses per Form 990$13,636,350
Expenses Not Reported on Form 990$5,400,523
Expenses Not Reported on Financial Statements$-31,346
Other Expense Adjustments$-31,346
International Activity

International Summary

Offices
14
Employees
0
Spending
$5,817,756

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 AfricaGrantmakingProgram Implementation80$3,333,215
Europe (including Iceland & Greenland)GrantmakingProduct Development40$663,949
South AmericaGrantmakingBicycles10$588,566
East Asia and the PacificGrantmakingProgram Implementation10$500,000
Sub-saharan AfricaGrantmakingBicycles00$413,640
East Asia and the PacificGrantmakingProduct Development00$151,119
South AmericaGrantmakingProgram Implementation00$134,069
Europe (including Iceland & Greenland)Intercompany Service FeeProduct Development00$33,198
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$131,258
Fundraising Gross Income$128,110
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Communities on the Move - Chicago$487,294$128,110$28,082$100,028
Total Events$487,294$128,110$131,258$-3,148
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$1,913,055
Sram LLCTrustees/officersReimburseNo$734,948
Stan DaySubstantial Cont.Bus. Rel.No$122,191
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Wbr Uk$37,692
Due to Bb Zimbabwe$6,563
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
Yes
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 1A

Conflict of interest policy monitoring & enforcement 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

Family relationships board members stanley day and chairman frederick k.w. Day have a family relationship and a business 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 advisors, llc, 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

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 2023 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
Exec Director of Finance & Admin.
Phone
3126643604
Signed
2025-10-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David H Neiswander
Formed
2006
Legal Domicile
Il
Voting Board Members
9
Independent Board Members
6
Employees
31
Volunteers
10

Preparer

Firm
Grant Thornton Advisors LLC
Address
171 N CLARK ST STE 200, CHICAGO, IL 60601
Preparer
Bridget T Roche
Phone
9209686700
Supplemental Narrative

Additional Explanations

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

We address the systemic challenges of distance and rural mobility by manufacturing a bicycle specially designed to meet the needs and preferences of people in low income regions dealing with rough roads and heavy loads in rural areas. Rugged, affordable, long-lasting, and locally-assembled, wbr distributes the buffalo bicycle to health care providers, students, farmers, and other community service workers who cannot afford to buy them. We support a sustainable bicycle mobility ecosystem for bicycle riders by, training local bicycle mechanics, providing market-based access to spare parts, and nurturing community ownership of programming for long-term impact. Since 2005, wbr has distributed 891,000 purpose-built bicycles (as of may 2025), impacting an estimated 4 million individuals across 23 countries. We learn and adapt programming based on user and parnter feedback, rigorously measure results, and iterate the buffalo bicycle and our programs to optimize impact. Illustrative results * education: wbr's education programming in zambia was the subject of a recent study an independent randomized controlled trialled by innovations for poverty action. The study found that over just one year, girls with our buffalo bicycles and supportive programming achieved a 66% increase in punctuality, 28% reduction in absenteeism, 33% reduction in time to travel to school (saving them nearly six hours a week), improved math scores, and increased feelings of safety. As importantly, the researchers also found statistically significant improvements in an array of measures of girls' empowerment, such as pro-sociality, locus of control, bargaining power, fertility preferences, and self-image. A follow up evaluation found girls with buffalo bicycles for two years were 19% less likely to drop out of school. * health: on two u.s. Agency for international development funded health focused activities, the projects found that with a buffalo bicycle, health workers 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 incomes 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 low income households, and rural households also have limited access to financial services and products. And, even if a household purchases a personal transport asset, those available tend to be of poorer quality, don't last long, don't meet the household's needs, are costly to maintain, and have limited options for spare parts and maintenance. As a result, distance and lack of afford

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

We also establish links to our social enterporise businsess buffalo bicycles to sell buffalo bicycles and spare parts, ensuring expanded access and sustainable bicycle use in the communities. After an assessment of needs and potential impact of bicycle programming, local committees within each community shape and manage programs to address their needs. These bicycle supervisory committees also oversee local bicycle mechanics and offer support to program participants. Women and girls are prioritized in the mobilized community program due to the additional mobility barriers they often face. 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, we expect the mobilized communities approach will result 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)

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 countries we serve meaning 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. In 2024, wbr launched the buffalo bicycle utility s2, a new multi-speed model developed in partnership with local stakeholders and global product engineers to meet the growing mobility needs of adults engaged in income-generating activities. The utility s2 features a durable drivetrain, improved load-bearing capabilities, and enhanced comfortoffering riders more flexibility over varied terrain and distances. It reflects wbr's commitment to responsive design, rooted in user feedback and rigorous field testing. 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:

Donation refund -1,155. Intercompany write-off -4,284,676.

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, 2024, and 2023, the organization does not have unrelated business income. As of december 31, 2024 and 2023, 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 -17,286. Investment return -9,809. Foreign exchange, gain -3,096.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Intercompany write-off 4,284,676.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Cost of goods sold -17,286. Investment return -9,809. Foreign exchange, loss -3,096. Donation refund -1,155.

Raw XML AppendixShowing 400 of 1,261 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 COMMUNITIES IN RURAL REGIONS AROUND THE (CONTINUED IN SCHEDULE O) WORLD TO THRIVE WITH LIFE CHANGING BICYCLES. BY COMBINING (BICYCLE) PRODUCT DEVELOPMENT WITH COMMUNITY-LED PROGRAMMING AND SOCIAL ENTERPRISE, STUDENTS, COMMUNITY SERVICE PROVIDERS, FARMERS AND ENTREPRENEURS CAN IMPROVE THEIR ACCESS TO EDUCATION, HEALTHCARE AND ECONOMIC OPPORTUNITIES WITH A PURPOSE-DESIGNED BUFFALO BICYCLE, SUPPORTED BY AN ECOSYSTEM OF SUSTAINABLE MOBILITY.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JEFF BOSKEN
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MONITORING AND EVALUATIONWORLD BICYCLE RELIEF CONSISTENTLY MEASURES THE IMPACT OF BICYCLES IN BOTH WBR-LED AND PARTNER-LED PROGRAMS. WE APPLY A RIGOROUS MONITORING AND EVALUATION FRAMEWORK TO ENSURE THAT OUR INTERVENTIONS ARE EVIDENCE-BASED, ADAPTIVE, AND RESPONSIVE TO THE NEEDS OF THE COMMUNITIES WE SERVE. KEY METRICS INCLUDE CHANGES IN PARTICIPANT ACCESS TO HEALTHCARE, EDUCATION, AND ECONOMIC OPPORTUNITIESAND OVER THE LONG TERM, IMPROVEMENTS IN INCOME, EMPOWERMENT, AND HOUSEHOLD RESILIENCE.IN 2024, WBR AND RESEARCH PARTNER IDINSIGHT COMPLETED THE ORGANIZATION'S FIRST RANDOMIZED CONTROLLED TRIAL (RCT) FOCUSED SPECIFICALLY ON THE IMPACT OF BICYCLES ON ADULT LIVELIHOODS. CONDUCTED IN MUMBWA DISTRICT, ZAMBIA, THE STUDY FOUND THAT ACCESS TO A BUFFALO BICYCLE LED TO SIGNIFICANT IMPROVEMENTS IN INCOME-GENERATING ACTIVITY, TIME SAVINGS, AND ACCESS TO MARKETS AND ESSENTIAL SERVICESPARTICULARLY FOR WOMEN. THIS LANDMARK EVALUATION VALIDATES THE MOBILIZED COMMUNITIES MODEL AS A HIGH-IMPACT, SCALABLE APPROACH TO ADDRESSING MOBILITY POVERTY IN RURAL REGIONS.BY LEVERAGING INSIGHTS FROM BOTH QUANTITATIVE RESEARCH AND ONGOING COMMUNITY FEEDBACK, WBR CONTINUOUSLY IMPROVES ITS PROGRAMS, PRODUCT DESIGN, AND IMPLEMENTATION STRATEGIES TO MAXIMIZE LONG-TERM IMPACT AND SUSTAINABILITY.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0749724
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015345619

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$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
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. 2024 filings • 501(c)3 • $10M-$25M nonprofits