Civic Intelligence

Strider Education Foundation Inc.

990 • Fiscal year 2021 • EIN 81-4580473

Jan 01, 2021 to Dec 31, 2021 • Filed on May 02, 2022

2221 N Plaza DriveRapid City, SD 57702

(605) 956-3877

Siviq Scores

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

Liabilities / Assets

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.01x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

40th percentile

6.4%

Higher net margin than 40% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

53rd percentile

$2,380

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

9th percentile

-14%

Faster asset growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

69th percentile

38%

Faster revenue growth than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Assets

Down

$438,384

Down $71,866 (-14%) from 2020

Net Assets

Up

$428,185

Up $58,709 (+16%) from 2020

Liabilities

Down

$10,199

Down $130,575 (-93%) from 2020

Revenue

Up

$911,138

Up $252,442 (+38%) from 2020

Expenses

Up

$852,429

Up $298,765 (+54%) from 2020

Net Income

Down

$58,709

Down $46,323 (-44%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2017: $49,575Liabilities 2017: $13,546Net Assets 2017: $36,0292017Assets 2018: $176,998Liabilities 2018: $41,474Net Assets 2018: $135,5242018Assets 2019: $287,364Liabilities 2019: $22,920Net Assets 2019: $264,4442019Assets 2020: $510,250Liabilities 2020: $140,774Net Assets 2020: $369,4762020Assets 2021: $438,384Liabilities 2021: $10,199Net Assets 2021: $428,1852021Assets 2022: $901,781Liabilities 2022: $11,276Net Assets 2022: $890,5052022Assets 2023: $2,649,941Liabilities 2023: $1,420,930Net Assets 2023: $1,229,0112023Assets 2024: $2,117,075Liabilities 2024: $79,076Net Assets 2024: $2,037,9992024

Highlighted filing

2021

Assets$438,384
Liabilities$10,199
Net Assets$428,185

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2017: $109,223Expenses 2017: $73,194Net Income 2017: $36,0292017Revenue 2018: $301,660Expenses 2018: $202,165Net Income 2018: $99,4952018Revenue 2019: $467,051Expenses 2019: $338,131Net Income 2019: $128,9202019Revenue 2020: $658,696Expenses 2020: $553,664Net Income 2020: $105,0322020Revenue 2021: $911,138Expenses 2021: $852,429Net Income 2021: $58,7092021Revenue 2022: $1,972,744Expenses 2022: $1,510,424Net Income 2022: $462,3202022Revenue 2023: $1,876,838Expenses 2023: $1,538,333Net Income 2023: $338,5052023Revenue 2024: $3,235,164Expenses 2024: $2,426,176Net Income 2024: $808,9882024

Highlighted filing

2021

Revenue$911,138
Expenses$852,429
Net Income$58,709
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 2, 2022
Return Version
2021v4.0
Gross Receipts
$924,235
Mission and Program Overview

Mission

The strider education foundation carries out the mission to teach every child in america how to ride a bike in kindergarten pe class. We believe that learning to ride a bike is a developmental milestone. Our goal is to get kids outside, giving them confidence and a sense of independence, getting them off computer screens, and doing something that they can continue throughout their lives. We are passionate about giving the opportunity to learn to ride a bike to all children, regardless of their socioeconomic status.

The strider education foundation mission is to teach every child in america how to ride a bike in kindergarten pe class. Learning to ride a bike is a developmental milestone in a child's life. The ability to ride improves life greatly while developing balance, mobility, safety, and exercise to build a healthy lifestyle.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$508,939$436,126▼ $72,813
Prepaid Expenses and Deferred Charges$1,311$1,748▲ $437
Accounts Receivable-$510-
Total Assets$510,250$438,384▼ $71,866
Liabilities
Unsecured Notes Loans Payable$136,700--
Accounts Payable and Accrued Expenses$4,074$10,199▲ $6,125
Total Liabilities$140,774$10,199▼ $130,575
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$233,981-
Net Assets Without Donor Restrictions$369,476$194,204▼ $175,272
Total Net Assets Fund Balance$369,476$428,185▲ $58,709
Total Liabilities and Net Assets / Fund Balance$510,250$438,384▼ $71,866
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa WeyerExecutive DiFT$2,380$2,380

Board Members and Trustees

NameTitle
Al RiemanPresident
Greg WickBoard Member
Rod WoodruffBoard Member
Ryan McfarlandSecretary/tr
Jack LynassVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$894,942
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$16,196
All Other Contributions
$894,942
Change in Net Assets
$58,709

Audited Revenue Reconciliation

Revenue per Audited Statements
$910,628
Revenue Not Reported on Financial Statements
$510
Other Revenue Adjustments
$510
Total Revenue per Audited Statements
$910,628
Total Revenue per Form 990
$911,138
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$646,175
Other Expenses$150,725
Total Fundraising Expense$78,635
Salaries, Compensation, and Employee Benefits$55,529
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$646,175--$646,175
Other Salaries and Wages$33,734-$15,478$49,212
Advertising$43,803-$5,289$49,092
Fees for Services Other--$37,179$37,179
Travel$9,386-$11,283$20,669
Information Technology$10,502-$3,271$13,773
Office Expenses-$7,859-$7,859
Fees for Services Legal-$6,060-$6,060
Interest-$5,703-$5,703
Other Expenses--$4,954$4,954
Payroll Taxes$2,756-$1,181$3,937
Fees for Services Accounting-$3,503-$3,503
Current Officers, Directors, Trustees, and Key Employees$2,380--$2,380
Insurance$1,883--$1,883
Conferences and Meetings-$50-$50
Total Functional Expenses$750,619$23,175$78,635$852,429

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$852,429
Expenses per Audited Statements$846,741
Total Expenses per Audited Statements$846,741
Expenses Not Reported on Financial Statements$5,688
Other Expense Adjustments$5,688
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Benton School DistrictBenton, ARGovLearn Ride Program-
Charlotte Mecklenburg SchoolsCharolotte, NCGovLearn Ride Program-
Citrus County School DistrictIverness, FLGovLearn Ride Program-
Leland School DistrictLeland, MSGovLearn Ride Program-
Little Rock School DistrictLittle Rock, ARGovLearn Ride Program-
Living Life on 2 Wheels IncFestus, MO3Learn Ride Program-
Los Angeles Unified School DistrictLos Angeles, CAGovLearn Ride Program-
Providence Public SchoolsProvidence, RIGovLearn Ride Program-
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
-Business OwnerProduct PurchaseNo$659,272
-Business OwnerManagement ServicesNo$-254,760
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

A 5-member board of directors has the authority over the strider education foundation. An executive director is delegated to manage the day-to-day operations of the foundation and oversees all staff. The secretary/treasurer of the strider education foundation is also the president/owner of strider sports international and provides management support to the executive director and the board of directors. Strider sports international donates a majority of the staff salaries as an in-kind donation to the foundation.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by a qualified cpa and reviewed by strider sports international's director of finance and the foundation's executive director. A copy is provided to all board members for their review, and formal action of approval is taken at a board meeting prior to the irs filing.

Form 990, Page 6, Part VI, Line 12C

At the beginning of each calendar year, each board member reviews and signs a conflict of interest statement. They agree to this policy and understand that they are responsible for monitoring and stating any conflicts at each board meeting prior to a vote action. Any individual with a conflict is asked to recuse themselves from voting on the matter related to the conflict. The board's policy is to ensure transparency and efficacy of all matters and especially the dealings and relationships with strider sports international.

Form 990, Page 6, Part VI, Line 15A

No board members are compensated for their services. The executive director is the top management official. Her salary is based on a review of comparable market data and clearly documented. 20% of the salary is paid by the foundation, and 80% is paid by strider sports international and donated as an in-kind donation to the strider education foundation.

Form 990, Page 6, Part VI, Line 17

VIRGINIA

Form 990, Page 6, Part VI, Line 19

The foundation has a policy to ensure transparency, credibility, and accountability. We review all public requests for information upon receipt. Our 501(c)(3) determination letter is available on our website. Forms to request our most recent tax return and to contact us with any other questions are available on our website.

Filing and Contact Details

Filer

Filer Name
Strider Education Foundation Inc
EIN
81-4580473
Phone
6059563877
Address
2221 N PLAZA DRIVE, RAPID CITY, SD 57702

Signing Officer

Name
Lisa Weyer
Title
Executive Director
Phone
6053420266
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Weyer
Formed
2016
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
4
Employees
6
Volunteers
120

Preparer

Firm
Ketel Thorstenson Llp
Address
PO BOX 3140, RAPID CITY, SD 57709-3140
Preparer
Jean Smith CPA
Phone
6053425630
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The strider education foundation carries out the mission to teach every child in america how to ride a bike in kindergarten pe class. We believe that learning to ride a bike is a developmental milestone. Our goal is to get kids outside, giving them confidence and a sense of independence, getting them off computer screens, and doing something that they can continue throughout their lives. We are passionate about giving the opportunity to learn to ride a bike to all children, regardless of their socioeconomic status.

Form 990, Page 1, Part I, Line 6

Ambassadors/volunteers build and deliver the bikes and promote the mission within their communities. They are truly ambassadors to help more kids get on two wheels and gain the confidence of learning to ride a bike.

Form 990, Page 2, Part III, Line 4A

The strider education foundation accomplishes its mission of teaching children how to ride a bike through one main program. All kids bike is a national movement to place learn-to-ride programs into kindergarten pe classes in public schools across the nation with donations and partnerships from individuals, businesses, and organizations. The foundation was organized in 2016, receiving our 501(c)(3) status. In 2018, a formal kindergarten pe curriculum was created for a more structured program, and the all kids bike initiative was developed. 37 programs were delivered in 2018. In 2019, we continued to grow and delivered 98 programs. In 2020, word spread about our program and the positive benefits of having a learn-to-ride bike curriculum in a public- school pe class. We received 230 applications while successfully delivering the program to 187 schools. To date, the strider education foundation has delivered over 500 programs in all 50 states and impacts over 70,000 students on an annual basis.

Financial Statement Notes

Schedule D, Page 3, Part X

At december 31, 2021, the foundation believes no significant uncertain tax positions or liabilities exist.

Schedule D, Page 4, Part XI, Line 4B

Accrual to cash adjustments 510

Schedule D, Page 4, Part XII, Line 4B

Accrual to cash adjustments 5,688

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IRS990/Desc0THE STRIDER EDUCATION FOUNDATION ACCOMPLISHES ITS MISSION OF TEACHING CHILDREN HOW TO RIDE A BIKE THROUGH ONE MAIN PROGRAM. ALL KIDS BIKE IS A NATIONAL MOVEMENT TO PLACE LEARN-TO-RIDE PROGRAMS INTO KINDERGARTEN PE CLASSES IN PUBLIC SCHOOLS ACROSS THE NATION WITH DONATIONS AND PARTNERSHIPS FROM INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS. THE FOUNDATION WAS ORGANIZED IN 2016, RECEIVING OUR 501(C)(3) STATUS. IN 2018, A FORMAL KINDERGARTEN PE CURRICULUM WAS CREATED FOR A MORE STRUCTURED PROGRAM, AND THE ALL KIDS BIKE INITIATIVE WAS DEVELOPED. 37 PROGRAMS WERE DELIVERED IN 2018. IN 2019, WE CONTINUED TO GROW AND DELIVERED 98 PROGRAMS. IN 2020, WORD SPREAD ABOUT OUR PROGRAM AND THE POSITIVE BENEFITS OF HAVING A LEARN-TO-RIDE BIKE CURRICULUM IN A PUBLIC- SCHOOL PE CLASS. WE RECEIVED 230 APPLICATIONS WHILE SUCCESSFULLY DELIVERING THE PROGRAM TO 187 SCHOOLS. TO DATE, THE STRIDER EDUCATION FOUNDATION HAS DELIVERED OVER 500 PROGRAMS IN ALL 50 STATES AND IMPACTS OVER 70,000 STUDENTS ON AN ANNUAL BASIS.
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IRS990/MissionDesc0THE STRIDER EDUCATION FOUNDATION CARRIES OUT THE MISSION TO TEACH EVERY CHILD IN AMERICA HOW TO RIDE A BIKE IN KINDERGARTEN PE CLASS. WE BELIEVE THAT LEARNING TO RIDE A BIKE IS A DEVELOPMENTAL MILESTONE. OUR GOAL IS TO GET KIDS OUTSIDE, GIVING THEM CONFIDENCE AND A SENSE OF INDEPENDENCE, GETTING THEM OFF COMPUTER SCREENS, AND DOING SOMETHING THAT THEY CAN CONTINUE THROUGHOUT THEIR LIVES. WE ARE PASSIONATE ABOUT GIVING THE OPPORTUNITY TO LEARN TO RIDE A BIKE TO ALL CHILDREN, REGARDLESS OF THEIR SOCIOECONOMIC STATUS.
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IRS990ScheduleA/TotalSupportAmt02431545
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2021, THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH ADJUSTMENTS 510
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2ACCRUAL TO CASH ADJUSTMENTS 5,688
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt0852429
IRS990ScheduleD/TotalRevenuePerForm990Amt0911138
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt040200
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt56700
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt66700
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0BIKES
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITRUS COUNTY SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1LIVING LIFE ON 2 WHEELS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2LITTLE ROCK SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3BENTON SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CHARLOTTE MECKLENBURG SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5LELAND SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6PROVIDENCE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7LOS ANGELES UNIFIED SCHOOL DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0596000546
IRS990ScheduleI/RecipientTable/RecipientEIN1833171172
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IRS990ScheduleI/RecipientTable/RecipientEIN6252105233
IRS990ScheduleI/RecipientTable/RecipientEIN7956001908
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01007 W MAIN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1802 WEAVER RD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2810 W MARKHAM
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3207 W CONWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4PO BOX 30035
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5408 EAST FOURTH STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt6797 WESTMINSTER STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7333 SOUTH BEAUDRY AVENUE
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IRS990ScheduleI/RecipientTable/USAddress/CityNm2LITTLE ROCK
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IRS990ScheduleI/RecipientTable/USAddress/CityNm4CHAROLOTTE
IRS990ScheduleI/RecipientTable/USAddress/CityNm5LELAND
IRS990ScheduleI/RecipientTable/USAddress/CityNm6PROVIDENCE
IRS990ScheduleI/RecipientTable/USAddress/CityNm7LOS ANGELES
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL GRANTS AND DESIGNATED FUNDS ARE RESTRICTED FOR THE SPECIFIED SCHOOL(S) PER THE REQUEST OF THE DONOR/GRANTOR. THE FUNDED SCHOOL RECEIVES THE ALL KIDS BIKE KINDERGARTEN PE PROGRAM CONSISTING OF A FLEET OF 24 BALANCE-TO- PEDAL BIKES, PEDAL CONVERSION KITS, FULLY ADJUSTABLE HELMETS, ONE TEACHER INSTRUCTION BIKE, AN 8-LESSON CURRICULUM AND CONTINUED SUPPORT. THE STRIDER EDUCATION FOUNDATION PROVIDES EVERYTHING NEEDED TO TEACH KIDS HOW TO RIDE A BIKE. GRANTS ARE TRACKED IN TWO SEPARATE SPREADSHEETS AS TO WHAT SCHOOLS WILL RECEIVE THE PROGRAM. A FULL GRANT REPORT IS PROVIDED TO ALL GRANTORS WITH INFORMATION ON THE NUMBER OF KIDS DIRECTLY IMPACTED BY THE GRANT. ALL DONATIONS ARE TRACKED BY A DONOR MANAGEMENT SOFTWARE AND RECORDED ON FINANCIAL STATEMENTS THROUGH ACCOUNTING SOFTWARE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt08
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0STRIDER SPORTS INTERNATIONAL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1STRIDER SPORTS INTERNATIONAL
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BUSINESS OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1BUSINESS OWNER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0-254760
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt1659272
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT SERVICES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1PRODUCT PURCHASE
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ALL EQUIPMENT UTILIZED FOR THE STRIDER EDUCATION FOUNDATION PROGRAMS IS PURCHASED FROM STRIDER SPORTS INTERNATIONAL AT WHOLESALE COST - THIS CASH OUTFLOW IS REFLECTED AS "PRODUCT PURCHASE" ABOVE. STRIDER SPORTS INTERNATIONAL PROVIDES IN-KIND DONATION OF MANAGEMENT SERVICES TO ALLOW THE FOUNDATION TO CARRY OUT OUR MISSION AND GET MORE KIDS ON BIKES. STRIDER SPORTS INTERNATIONAL WILL CONTINUE TO SUPPORT THE FOUNDATION UNTIL SUCH TIME AS IT IS SELF-SUSTAINABLE - THIS IN-KIND DONATION INFLOW IS REFLECTED AS "MANAGEMENT SERVICES" ABOVE. THE SECRETARY/TREASURER OF THE FOUNDATION IS THE PRESIDENT/OWNER OF STRIDER SPORTS INTERNATIONAL.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE STRIDER EDUCATION FOUNDATION CARRIES OUT THE MISSION TO TEACH EVERY CHILD IN AMERICA HOW TO RIDE A BIKE IN KINDERGARTEN PE CLASS. WE BELIEVE THAT LEARNING TO RIDE A BIKE IS A DEVELOPMENTAL MILESTONE. OUR GOAL IS TO GET KIDS OUTSIDE, GIVING THEM CONFIDENCE AND A SENSE OF INDEPENDENCE, GETTING THEM OFF COMPUTER SCREENS, AND DOING SOMETHING THAT THEY CAN CONTINUE THROUGHOUT THEIR LIVES. WE ARE PASSIONATE ABOUT GIVING THE OPPORTUNITY TO LEARN TO RIDE A BIKE TO ALL CHILDREN, REGARDLESS OF THEIR SOCIOECONOMIC STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMBASSADORS/VOLUNTEERS BUILD AND DELIVER THE BIKES AND PROMOTE THE MISSION WITHIN THEIR COMMUNITIES. THEY ARE TRULY AMBASSADORS TO HELP MORE KIDS GET ON TWO WHEELS AND GAIN THE CONFIDENCE OF LEARNING TO RIDE A BIKE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE STRIDER EDUCATION FOUNDATION ACCOMPLISHES ITS MISSION OF TEACHING CHILDREN HOW TO RIDE A BIKE THROUGH ONE MAIN PROGRAM. ALL KIDS BIKE IS A NATIONAL MOVEMENT TO PLACE LEARN-TO-RIDE PROGRAMS INTO KINDERGARTEN PE CLASSES IN PUBLIC SCHOOLS ACROSS THE NATION WITH DONATIONS AND PARTNERSHIPS FROM INDIVIDUALS, BUSINESSES, AND ORGANIZATIONS. THE FOUNDATION WAS ORGANIZED IN 2016, RECEIVING OUR 501(C)(3) STATUS. IN 2018, A FORMAL KINDERGARTEN PE CURRICULUM WAS CREATED FOR A MORE STRUCTURED PROGRAM, AND THE ALL KIDS BIKE INITIATIVE WAS DEVELOPED. 37 PROGRAMS WERE DELIVERED IN 2018. IN 2019, WE CONTINUED TO GROW AND DELIVERED 98 PROGRAMS. IN 2020, WORD SPREAD ABOUT OUR PROGRAM AND THE POSITIVE BENEFITS OF HAVING A LEARN-TO-RIDE BIKE CURRICULUM IN A PUBLIC- SCHOOL PE CLASS. WE RECEIVED 230 APPLICATIONS WHILE SUCCESSFULLY DELIVERING THE PROGRAM TO 187 SCHOOLS. TO DATE, THE STRIDER EDUCATION FOUNDATION HAS DELIVERED OVER 500 PROGRAMS IN ALL 50 STATES AND IMPACTS OVER 70,000 STUDENTS ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A 5-MEMBER BOARD OF DIRECTORS HAS THE AUTHORITY OVER THE STRIDER EDUCATION FOUNDATION. AN EXECUTIVE DIRECTOR IS DELEGATED TO MANAGE THE DAY-TO-DAY OPERATIONS OF THE FOUNDATION AND OVERSEES ALL STAFF. THE SECRETARY/TREASURER OF THE STRIDER EDUCATION FOUNDATION IS ALSO THE PRESIDENT/OWNER OF STRIDER SPORTS INTERNATIONAL AND PROVIDES MANAGEMENT SUPPORT TO THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS. STRIDER SPORTS INTERNATIONAL DONATES A MAJORITY OF THE STAFF SALARIES AS AN IN-KIND DONATION TO THE FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS PREPARED BY A QUALIFIED CPA AND REVIEWED BY STRIDER SPORTS INTERNATIONAL'S DIRECTOR OF FINANCE AND THE FOUNDATION'S EXECUTIVE DIRECTOR. A COPY IS PROVIDED TO ALL BOARD MEMBERS FOR THEIR REVIEW, AND FORMAL ACTION OF APPROVAL IS TAKEN AT A BOARD MEETING PRIOR TO THE IRS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AT THE BEGINNING OF EACH CALENDAR YEAR, EACH BOARD MEMBER REVIEWS AND SIGNS A CONFLICT OF INTEREST STATEMENT. THEY AGREE TO THIS POLICY AND UNDERSTAND THAT THEY ARE RESPONSIBLE FOR MONITORING AND STATING ANY CONFLICTS AT EACH BOARD MEETING PRIOR TO A VOTE ACTION. ANY INDIVIDUAL WITH A CONFLICT IS ASKED TO RECUSE THEMSELVES FROM VOTING ON THE MATTER RELATED TO THE CONFLICT. THE BOARD'S POLICY IS TO ENSURE TRANSPARENCY AND EFFICACY OF ALL MATTERS AND ESPECIALLY THE DEALINGS AND RELATIONSHIPS WITH STRIDER SPORTS INTERNATIONAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO BOARD MEMBERS ARE COMPENSATED FOR THEIR SERVICES. THE EXECUTIVE DIRECTOR IS THE TOP MANAGEMENT OFFICIAL. HER SALARY IS BASED ON A REVIEW OF COMPARABLE MARKET DATA AND CLEARLY DOCUMENTED. 20% OF THE SALARY IS PAID BY THE FOUNDATION, AND 80% IS PAID BY STRIDER SPORTS INTERNATIONAL AND DONATED AS AN IN-KIND DONATION TO THE STRIDER EDUCATION FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7VIRGINIA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FOUNDATION HAS A POLICY TO ENSURE TRANSPARENCY, CREDIBILITY, AND ACCOUNTABILITY. WE REVIEW ALL PUBLIC REQUESTS FOR INFORMATION UPON RECEIPT. OUR 501(C)(3) DETERMINATION LETTER IS AVAILABLE ON OUR WEBSITE. FORMS TO REQUEST OUR MOST RECENT TAX RETURN AND TO CONTACT US WITH ANY OTHER QUESTIONS ARE AVAILABLE ON OUR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 17
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/StatesWhereCopyOfReturnIsFldCd8NC
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