Civic Intelligence

Pedals for Progress a New Jersey Nonprofit Corporation

990 • Fiscal year 2015 • EIN 22-3122003

Oct 01, 2014 to Sep 30, 2015 • Filed on Jan 11, 2016

86 East Main StreetHigh Bridge, NJ 08829

(908) 638-4811

Siviq Scores

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

Liabilities / Assets

85th percentile

0.17x

Higher debt load relative to assets than 85% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Liabilities / Revenue

78th percentile

0.04x

Higher debt load relative to revenue than 78% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Top Officer Pay

100th percentile

$89,200

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 24.7% of source-year revenue.

2015 filings • NTEE N • <$500k nonprofits • Source year 2015

Asset Growth

8th percentile

-38%

Faster asset growth than 8% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • NTEE N • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Down

$85,235

Down $51,296 (-38%) from 2014

Net Assets

Down

$70,566

Down $58,765 (-45%) from 2014

Liabilities

Up

$14,669

Up $7,469 (+104%) from 2014

Revenue

Down

$361,605

Down $400,427 (-53%) from 2014

Expenses

Down

$416,527

Down $402,695 (-49%) from 2014

Net Income

Up

-$54,922

Up $2,268 (+4.0%) from 2014

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2011: $308,132Liabilities 2011: $80,837Net Assets 2011: $227,2952011Assets 2012: $320,869Liabilities 2012: $116,687Net Assets 2012: $204,1822012Assets 2013: $343,487Liabilities 2013: $159,565Net Assets 2013: $183,9222013Assets 2014: $136,531Liabilities 2014: $7,200Net Assets 2014: $129,3312014Assets 2015: $85,235Liabilities 2015: $14,669Net Assets 2015: $70,5662015Assets 2016: $62,472Liabilities 2016: $9,775Net Assets 2016: $52,6972016Assets 2017: $61,447Liabilities 2017: $9,911Net Assets 2017: $51,5362017Assets 2018: $80,387Liabilities 2018: $0Net Assets 2018: $80,3872018Assets 2019: $74,796Liabilities 2019: $0Net Assets 2019: $74,7962019Assets 2020: $94,088Liabilities 2020: $19,700Net Assets 2020: $74,3882020Assets 2021: $77,850Liabilities 2021: $0Net Assets 2021: $77,8502021Assets 2022: $123,925Liabilities 2022: $7,000Net Assets 2022: $116,9252022Assets 2023: $106,648Liabilities 2023: $0Net Assets 2023: $106,6482023Assets 2024: $167,459Liabilities 2024: $5,000Net Assets 2024: $162,4592024

Highlighted filing

2015

Assets$85,235
Liabilities$14,669
Net Assets$70,566

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $556,2052011Expenses 2012: $506,3942012Revenue 2013: $319,368Expenses 2013: $339,628Net Income 2013: -$20,2602013Revenue 2014: $762,032Expenses 2014: $819,222Net Income 2014: -$57,1902014Revenue 2015: $361,605Expenses 2015: $416,527Net Income 2015: -$54,9222015Revenue 2016: $357,426Expenses 2016: $379,467Net Income 2016: -$22,0412016Revenue 2017: $349,117Expenses 2017: $351,829Net Income 2017: -$2,7122017Revenue 2018: $378,037Expenses 2018: $350,244Net Income 2018: $27,7932018Revenue 2019: $346,347Expenses 2019: $351,981Net Income 2019: -$5,6342019Revenue 2020: $279,879Expenses 2020: $258,813Net Income 2020: $21,0662020Revenue 2021: $401,730Expenses 2021: $388,900Net Income 2021: $12,8302021Revenue 2022: $466,001Expenses 2022: $411,662Net Income 2022: $54,3392022Revenue 2023: $313,709Expenses 2023: $324,157Net Income 2023: -$10,4482023Revenue 2024: $388,344Expenses 2024: $332,533Net Income 2024: $55,8112024

Highlighted filing

2015

Revenue$361,605
Expenses$416,527
Net Income-$54,922
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jan 11, 2016
Return Version
2014v6.0
Gross Receipts
$406,647
Mission and Program Overview

Mission

To empower sustainable economic development by recycling bicycles and sewing machines from the united states of america (usa) and shipping them to motivated people in the developing world.

Pedals for progress's goal is to rescue bicycles and sewing machines destined for america's landfills and deliver them to societies where they are badly needed and highly valued. Since its inception in 1991 and from the seed of an idea by its founder (a former peace corps volunteer), the organization has grown to an enterprise that has cumulatively collected and distributed over 115,000 bicycles and 1,000 sewing machines to the working poor in latin america, africa, eastern europe, asia and the islands of the caribbean and the pacific.through volunteer labor and tax-deductible donations of money and materials, pedals for progress collects, warehouses, and ships new and used bikes, parts and accessories to recipient countries where they are repaired by non-profit, partner organizations (providing employment, building management and repair skills to their staff) and subsequently, sold at cost to help low-income individuals access jobs, markets and services.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$86,746$40,036▼ $46,710
Savings and Temporary Cash Investments$14,714$21,931▲ $7,217
Inventories for Sale or Use$22,279$11,879▼ $10,400
Prepaid Expenses and Deferred Charges$5,902$6,395▲ $493
Cash and Non-Interest-Bearing Accounts$4,063$2,806▼ $1,257
Land, Buildings, and Equipment, Net$2,179$1,508▼ $671
Accounts Receivable$648$680▲ $32
Total Assets$136,531$85,235▼ $51,296
Liabilities
Accounts Payable and Accrued Expenses$7,200$14,669▲ $7,469
Total Liabilities$7,200$14,669▲ $7,469
Net Assets / Fund Balance
Unrestricted Net Assets$129,331$70,566▼ $58,765
Total Net Assets Fund Balance$129,331$70,566▼ $58,765
Total Liabilities and Net Assets / Fund Balance$136,531$85,235▼ $51,296

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,508$50,743$52,251

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$10,411--$10,411-
2012$10,411---$10,411
2011$10,411---$10,411
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David SchweidenbackChairman/presidentFT$79,750$9,450$89,200

Board Members and Trustees

NameTitle
Andrew WilliamsTrustee
John StrachanTrustee
Robert ZehSecretary
John AlexanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$315,243
Program Service Revenue
$43,053
Investment Income
$3,309
Other Revenue
$0
All Other Contributions
$315,243
Change in Net Assets
$-54,922

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
Other Non Cash Contri Table3,375$169,724Thrift Shop Value
Total Noncash Contributions3,375$169,724-

Audited Revenue Reconciliation

Revenue per Audited Statements
$361,605
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,127
Total Revenue per Audited Statements
$366,732
Total Revenue per Form 990
$361,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$180,124
Salaries, Compensation, and Employee Benefits$134,828
Other Expenses$101,575
Total Fundraising Expense$18,023
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$180,124--$180,124
Current Officers, Directors, Trustees, and Key Employees$80,278$4,461$4,461$89,200
Other Salaries and Wages$27,682$1,059$2,286$31,027
Occupancy$14,776$1,888$983$17,647
Office Expenses$5,948$1,733$8,759$16,440
Fees for Services Other-$13,120-$13,120
Payroll Taxes$8,516$507$541$9,564
Insurance-$8,233-$8,233
Pension Plan Contributions$4,613$121$303$5,037
Travel$2,326$340-$2,666
Depreciation Depletion-$671-$671
Other Expenses$60$625$470$530
Total Functional Expenses$364,869$33,635$18,023$416,527

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$425,497
Expenses per Audited Statements$416,527
Total Expenses per Form 990$416,527
Expenses Not Reported on Form 990$8,970
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$175,670

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas,Donation of Bikes and Sewing Machines-00$77,415
Europe (including Iceland & Greenland) - Albania, Andorra, Austria, BelgiumDonation of Bikes and Sewing Machines-00$47,699
Sub-saharan Africa - Angola, Benin, Botswana, Burkina, Faso,Donation of Bikes and Sewing Machines-00$26,197
Russia and Neighboring States - Armenia, Azerbijan, Belarus,Donation of Bikes and Sewing Machines-00$24,359
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
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Pedals for progress has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed until the return is finalized and approved for filing.

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

Pedals for progress currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, the governing body and management will investigate the issue. If a conflict of interest is determined to exist management and the governing body will be notified immediately. The member will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time that there is no longer a conflict.

Form 990, Part VI, Section B, Line 15

The compensation of the organizations officers or key employees is reviewed and approved by the board of trustees an independent body.

Form 990, Part VI, Section C, Line 19

Pedals for progress makes its form 990 available for public inspection as required under section 6104 of the internal revenue code on the organizations website at www.p4p.org and upon written request at the organizations office at 86 east main street, high bridge, nj 08829. In addition form 1023 as well as the financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Pedals for Progress a Nj Non Profit Corporation
EIN
22-3122003
Phone
9086384811
Address
86 EAST MAIN STREET, HIGH BRIDGE, NJ 08829

Signing Officer

Name
David Schweidenback
Title
President
Phone
9086384811
Signed
2016-01-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Schweidenback
Formed
1991
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
4
Employees
16
Volunteers
452

Preparer

Firm
Nisivoccia Llp
Address
200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
Preparer
Thomas R Dartnell CPA
Phone
9733281825
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

No change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit organization that is exempt from federal income taxes pursuant to section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation. The organization is also exempt under title 15 of the state of new jersey corporations and associations not-for-profit act. Accordingly, no provision for federal or state income tax has been presented in the accompanying financial statements. The organization follows the provisions of fasb asc, income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition related to those tax positions. The organization does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the years ended september 30, 2015 and 2014. However, the organization is subject to audit by tax authorities, including a review of its nonprofit status which management believes would be upheld upon examination. The organization believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. The organization files informational returns with both federal and various state governments on an annual basis - form 990 with the internal revenue service and the required form for each state. These returns are subject to examination by these authorities within certain statutory periods from the latest filing date for both federal and the various state jurisdictions.

Raw XML AppendixShowing 400 of 481 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/OtherExpensesGrp/Desc0SHIPPING AND COLLECTION
IRS990/OtherExpensesGrp/Desc1LICENSING AND DUES
IRS990/OtherExpensesGrp/Desc2STATE FEES
IRS990/OtherExpensesGrp/Desc3MERCHANDISE, PARTS AND
IRS990/OtherExpensesGrp/FundraisingAmt0220
IRS990/OtherExpensesGrp/FundraisingAmt1470
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1869
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2625
IRS990/OtherExpensesGrp/ProgramServicesAmt040276
IRS990/OtherExpensesGrp/ProgramServicesAmt1220
IRS990/OtherExpensesGrp/ProgramServicesAmt250
IRS990/OtherExpensesGrp/ProgramServicesAmt360
IRS990/OtherExpensesGrp/TotalAmt040284
IRS990/OtherExpensesGrp/TotalAmt11309
IRS990/OtherExpensesGrp/TotalAmt2675
IRS990/OtherExpensesGrp/TotalAmt3530
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt02286
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01059
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt027682
IRS990/OtherSalariesAndWagesGrp/TotalAmt031027
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0541
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0507
IRS990/PayrollTaxesGrp/ProgramServicesAmt08516
IRS990/PayrollTaxesGrp/TotalAmt09564
IRS990/PensionPlanContributionsGrp/FundraisingAmt0303
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0121
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04613
IRS990/PensionPlanContributionsGrp/TotalAmt05037
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05902
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06395
IRS990/PrincipalOfficerNm0DAVID SCHWEIDENBACK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0REVOLVING FUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043053
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043053
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0680999
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0538254
IRS990/PYInvestmentIncomeAmt023066
IRS990/PYOtherExpensesAmt0114210
IRS990/PYOtherRevenueAmt07442
IRS990/PYProgramServiceRevenueAmt050525
IRS990/PYRevenuesLessExpensesAmt0-57190
IRS990/PYSalariesCompEmpBnftPaidAmt0166758
IRS990/PYTotalExpensesAmt0819222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0762032
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-54922
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043053
IRS990/SavingsAndTempCashInvstGrp/BOYAmt014714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0315243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0680999
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0301405
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0433090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0436832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02167569
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0991
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0270
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03814
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99820
IRS990ScheduleA/PublicSupportPY170Pct00.99930
IRS990ScheduleA/PublicSupportTotal170Amt02167569
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0315243
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0680999
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0301405
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0433090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0436832
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02167569
IRS990ScheduleA/TotalSupportAmt02171383
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010411
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt010411
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010411
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010411
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010411
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010411
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt08970
IRS990ScheduleD/DonatedServicesUseFcltsAmt08970
IRS990ScheduleD/EquipmentGrp/BookValueAmt01508
IRS990ScheduleD/EquipmentGrp/DepreciationAmt050743
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt052251
IRS990ScheduleD/ExpensesNotReportedAmt08970
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0416527
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-3843
IRS990ScheduleD/RevenueNotReportedAmt05127
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0361605
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION RELATED TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE YEARS ENDED SEPTEMBER 30, 2015 AND 2014. HOWEVER, THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH FEDERAL AND VARIOUS STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE AND THE REQUIRED FORM FOR EACH STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORY PERIODS FROM THE LATEST FILING DATE FOR BOTH FEDERAL AND THE VARIOUS STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01508
IRS990ScheduleD/TotalExpensesPerForm990Amt0416527
IRS990ScheduleD/TotalRevenuePerForm990Amt0361605
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0366732
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0425497
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt10
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt20
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt30
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt026197
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt177415
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt247699
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt324359
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS,
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0DONATION OF BIKES AND SEWING MACHINES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1DONATION OF BIKES AND SEWING MACHINES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2DONATION OF BIKES AND SEWING MACHINES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3DONATION OF BIKES AND SEWING MACHINES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignIndividualsGrantsGrp/DescriptionOfNonCashAsstTxt0BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/DescriptionOfNonCashAsstTxt1BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/DescriptionOfNonCashAsstTxt2BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/DescriptionOfNonCashAsstTxt3BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt047699
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt177415
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt226197
IRS990ScheduleF/ForeignIndividualsGrantsGrp/NonCashAssistanceAmt324359
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt0964
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt11564
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt2529
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RecipientCnt3492
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt1CENTRAL AMERICA AND THE CARIBBEAN
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt2SUB-SAHARAN AFRICA
IRS990ScheduleF/ForeignIndividualsGrantsGrp/RegionTxt3RUSSIA AND NEIGHBORING STATES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt0BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt1BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt2BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/TypeOfAssistanceTxt3BIKES AND SEWING MACHINES
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc0FMV
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc1FMV
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc2FMV
IRS990ScheduleF/ForeignIndividualsGrantsGrp/ValuationMethodUsedDesc3FMV
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0175670
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT RECEIVES PERIODIC MONITORING REPORTS, AS WELL AS PERFORMS PERIODIC SITE VISITS IN ORDER TO PROPERLY MONITOR THE USE OF DONATED BIKES, BIKE PARTS AND SEWING MACHINES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt0175670
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt03375
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0BICYCLES, SEWING MACHINES, AND COLLECTION SUPPLIES
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0THRIFT SHOP VALUE
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0169724
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PEDALS FOR PROGRESS HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PEDALS FOR PROGRESS CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES AN INDEPENDENT BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PEDALS FOR PROGRESS MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE ON THE ORGANIZATIONS WEBSITE AT WWW.P4P.ORG AND UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 86 EAST MAIN STREET, HIGH BRIDGE, NJ 08829. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/StatesWhereCopyOfReturnIsFldCd1PA
IRS990/StatesWhereCopyOfReturnIsFldCd2CT
IRS990/StatesWhereCopyOfReturnIsFldCd3VT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.67$0.05$1.62$3.88$3.33$0.56
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.00$1.07$3.14$3.24$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.07$1.17$4.66$4.12$0.54
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.00$0.78$4.02$3.89$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.20$0.74$2.80$2.59$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.75$0.00$0.75$3.46$3.52$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.00$0.80$3.78$3.50$0.28
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.10$0.52$3.49$3.52$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.62$0.10$0.53$3.57$3.79$0.22
2015Detailed filing. Detailed filing data is available for this year.$0.85$0.15$0.71$3.62$4.17$0.55
2014Detailed filing. Detailed filing data is available for this year.$1.37$0.07$1.29$7.62$8.19$0.57
2013Summary only. Only limited summary data is available for this year.$3.43$1.60$1.84$3.19$3.40$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.21$1.17$2.04$5.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.08$0.81$2.27$5.56