Civic Intelligence

Strider Education Foundation Inc.

990 • Fiscal year 2022 • EIN 81-4580473

Jan 01, 2022 to Dec 31, 2022 • Filed on May 30, 2023

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

32nd percentile

0.01x

Higher debt load relative to assets than 32% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

74th percentile

23%

Higher net margin than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

41st percentile

$16,500

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

94th percentile

106%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

117%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$901,781

Up $463,397 (+106%) from 2021

Net Assets

Up

$890,505

Up $462,320 (+108%) from 2021

Liabilities

Up

$11,276

Up $1,077 (+11%) from 2021

Revenue

Up

$1,972,744

Up $1,061,606 (+117%) from 2021

Expenses

Up

$1,510,424

Up $657,995 (+77%) from 2021

Net Income

Up

$462,320

Up $403,611 (+687%) from 2021

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

2022

Assets$901,781
Liabilities$11,276
Net Assets$890,505

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

2022

Revenue$1,972,744
Expenses$1,510,424
Net Income$462,320
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 30, 2023
Return Version
2022v5.0
Gross Receipts
$2,229,774
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$436,126$764,999▲ $328,873
Prepaid Expenses and Deferred Charges$1,748$68,973▲ $67,225
Pledges and Grants Receivable-$61,580-
Accounts Receivable$510$6,229▲ $5,719
Total Assets$438,384$901,781▲ $463,397
Liabilities
Accounts Payable and Accrued Expenses$10,199$11,276▲ $1,077
Total Liabilities$10,199$11,276▲ $1,077
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$194,204$492,744▲ $298,540
Net Assets With Donor Restrictions$233,981$397,761▲ $163,780
Total Net Assets Fund Balance$428,185$890,505▲ $462,320
Total Liabilities and Net Assets / Fund Balance$438,384$901,781▲ $463,397
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lisa WeyerExecutive DiFT$16,500$16,500

Board Members and Trustees

NameTitle
Jack LynassPresident
Brian KlockBoard Member
Rene CreedBoard Member
Ryan McfarlandSecretary/tr
Rod WoodruffVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,766,954
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$205,790
All Other Contributions
$1,766,954
Change in Net Assets
$462,320

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
Cars and Other Vehicles1$68,000Qualified Appraisal
Total Noncash Contributions1$68,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,972,744
Revenue Not Reported on Form 990
$432,707
Total Revenue per Audited Statements
$2,405,451
Total Revenue per Form 990
$1,972,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,260,746
Other Expenses$191,009
Total Fundraising Expense$96,038
Salaries, Compensation, and Employee Benefits$58,669
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,260,746--$1,260,746
Fees for Services Other$2,749-$37,834$40,583
Other Salaries and Wages$7,195$11,463$18,436$37,094
Advertising$26,112-$8,381$34,493
Office Expenses$4,576$29,572-$34,148
Travel$12,640-$18,960$31,600
Fees for Services Accounting-$24,346-$24,346
Information Technology$12,503-$6,414$18,917
Current Officers, Directors, Trustees, and Key Employees$16,500--$16,500
Payroll Taxes$2,254$1,089$1,732$5,075
Other Expenses--$4,281$4,281
Insurance$2,464--$2,464
Conferences and Meetings-$177-$177
Total Functional Expenses$1,347,739$66,647$96,038$1,510,424

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,943,131
Expenses per Audited Statements$1,510,424
Total Expenses per Form 990$1,510,424
Expenses Not Reported on Form 990$432,707
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arnold Public SchoolsArnold, MOGovLearn Ride Program-
Bertholomew CdcColumbus, INGovLearn Ride Program-
Brookings School DistrictBrookings, SDGovLearn Ride Program-
Charles County Public SchoolsNewburg, MDGovLearn Ride Program-
Charlotte Mechlenburg School DistriCharlotte, NCGovLearn Ride Program-
Chinle Unified School DistrictChinle, AZGovLearn Ride Program-
Colorado Springs Public SchoolsColorado Springs, COGovLearn Ride Program-
Coweta County Public SchoolsNewnan, GAGovLearn Ride Program-
Denver Public SchoolsDenver, COGovLearn Ride Program-
Flagstaff Public SchoolsFlagstaff, AZGovLearn Ride Program-
Groveton Elementary SchoolNorth Stratford, NHGovLearn Ride Program-
Hot Springs School DistrictHot Springs, ARGovLearn Ride Program-
Lansing School DistrictLansing, MIGovLearn Ride Program-
Lansing School DistrictLansing, MIGovLearn Ride Program-
Little Rock School DistrictLittle Rock, ARGovLearn Ride Program-
Los Angeles Unified School DistrictLos Angeles, CAGovLearn Ride Program-
Mapleton Public SchoolsThorton, COGovLearn Ride Program-
Mattoon Community School Distr 2Mattoon, ILGovLearn Ride Program-
Metro Nashville Public SchoolsNashville, TNGovLearn Ride Program-
Montrose County School DistrictMontrose, COGovLearn Ride Program-
Nestucca Valley School DistrictCloverdale, ORGovLearn Ride Program-
Northwest R-1 School DistrictHigh Ridge, MOGovLearn Ride Program-
Portland Public SchoolsPortland, ORGovLearn Ride Program-
Red Creek Central School DistrictRed Creek, NYGovLearn Ride Program-
Rogers Public SchoolsLowell, ARGovLearn Ride Program-
Roosevelt School DistrictPhoenix, AZGovLearn Ride Program-
Russellville Public SchoolsRussellville, ARGovLearn Ride Program-
Saint Paul Public SchoolsSaint Paul, MNGovLearn Ride Program-
Salt Lake City School DistrictSalt Lake City, UTGovLearn Ride Program-
Santa Ana Unified School DistrictSanta Ana, CAGovLearn Ride Program-
Santa Cruz Valley UsdRio Rico, AZGovLearn Ride Program-
Seattle Public SchoolsSeattle, WAGovLearn Ride Program-
Springdale Pubic SchoolsSpringdale, ARGovLearn Ride Program-
Springdale School DistrictSpringdale, ARGovLearn Ride Program-
Tuba City Unified School DistrictTuba City, AZGovLearn Ride Program-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$13,044
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$1,517,776
-Business OwnerRentNo$-37,200
-Business OwnerManagement ServicesNo$-395,507
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 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

New hampshire, new jersey, new mexico, new york, oklahoma, oregon, pennsylvania, south carolina, tennessee, utah, virginia, washington, wisconsin, west 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
2023-05-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Weyer
Formed
2017
Legal Domicile
Sd
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
130

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 2017, 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, and we delivered 126 programs. In 2021, we delivered 184 programs. In 2022, we delivered 379 programs. To date, the strider education foundation has delivered over 900 programs in all 50 states and impacts over 100,000 students on an annual basis.

Financial Statement Notes

Schedule D, Page 3, Part X

At december 31, 2022, the foundation believes no significant uncertain tax positions or liabilities exist.

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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 2017, 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, AND WE DELIVERED 126 PROGRAMS. IN 2021, WE DELIVERED 184 PROGRAMS. IN 2022, WE DELIVERED 379 PROGRAMS. TO DATE, THE STRIDER EDUCATION FOUNDATION HAS DELIVERED OVER 900 PROGRAMS IN ALL 50 STATES AND IMPACTS OVER 100,000 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AT DECEMBER 31, 2022, THE FOUNDATION BELIEVES NO SIGNIFICANT UNCERTAIN TAX POSITIONS OR LIABILITIES EXIST.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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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/PurposeOfGrantTxt8LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16LEARN RIDE PROGRAM
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17LEARN RIDE PROGRAM

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