Pedals for Progress a New Jersey Nonprofit Corporation

“When the form 990 has been prepared, it is reviewed by management and provided to the members of the organization's governing body for any comments prior to submission to the irs. Any comments are summarized and provided through management to the accounting firm preparing the 990.”

“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 anhy potential or actual conflicts that may exist. If a potential or actual conflit of interest exists. The governing body and managmeent will investigate the issue. If a conflict of interest is determined to exist management and the governing body will be notified immediatley. 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.”

“Pedals for progess makes its form 990 available for public inspection as required under sectiion 6104 of the internal revenue code on the organization's website at www.p4p.org and upon written request at the organization's office at 86 east main st, high bridge, nj 08829.”

“To empower sustainable economic development by recycling bicycles and sewing machines from the us and shipping them to motivated people in the developing world. Since its inception in 1991 and from the seed of an idea by its founder(a former peace corps volunteer), the organization has grown into an enterprise that has cumulatively collected and distributed over 148,000 bicycles and over 3,400 sewing machines to the working poor in central america, africa, eastern europe, asia and the islands of the caribbean and the pacific basin. Through volunteer labor and tax-deductible donations of money and materials, pedals for progress/sewing peace 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 maangement and repair skills to their staff)and subsequently, sold at cost to help low-income individuals access jobs, markets and services. The sewing machines are refurbished in the us and are sent to nonprofit partner organizations, which hold sewing classes and distribute the machines to create employment.”