2023-07-28T12:22:45-05:00 2022-12-31 366055558 GRANT THORNTON LLP 171 N CLARK ST STE 200 CHICAGO IL 60601 990 2022-01-01 205080679 WORLD BICYCLE RELIEF NFP WORL 3126643604 1000 WEST FULTON MARKET CHICAGO IL 60607 JEFF BOSKEN DIRECTOR OF FINANCE 3126643604 2023-07-28 1 JEFF BOSKEN XXX-XX-XXXX 0 BRIDGET T ROCHE P00666837 3128560200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVID H NEISWANDER 1000 WEST FULTON MARKET CHICAGO IL 60607 12326863 0 X WWW.WORLDBICYCLERELIEF.ORG X 2006 IL 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. 9 6 32 20 0 0 12250988 12203140 0 0 146647 33274 12426 -110 12410061 12236304 3656947 4347316 0 0 3933198 4393663 0 0 2740715 2813495 3680846 10403640 12421825 2006421 -185521 12872204 12804362 240399 386226 12631805 12418136 X WORLD BICYCLE RELIEF MOBILIZES COMMUNITIES IN RURAL REGIONS AROUND THE WORLD TO THRIVE WITH LIFE CHANGING BICYCLES. (CONT'D IN SCHEDULE O) 0 0 6132885 4347316 PROGRAM ACTIVITIESWBR'S MOBILZIED COMMUNITIES PROGRAM MODEL DRIVES SUSTAINABLE BICYCLE USE THROUGH COMMUNITY-LED MULTI-SECTOR PROGRAMMING, SUPPORTING IMPROVED RURAL ACCESS TO HEALTHCARE, EDUCATION, CONSERVATION AND LIVELIHOODS. IN PARTNERSHIP WITH COMMUNITIES AND SUPPORT FROM GOVERNMENTS, BUSINESSES AND NGOS, TARGETED REGIONS BENEFIT FROM AN INFUSION OF QUALITY BICYCLES, PROGRAMMING AND MECHANICS TRAINING. (CONTINUED IN SCHEDULE O) 381937 PRODUCT DEVELOPMENTFOR THOSE WORLD BICYCLE RELIEF SERVES, THE VALUE OF A BICYCLE IS ULTIMATELY MEASURED IN THE TIME AND EFFORT IT SAVES. THE VALUE OF THE BUFFALO BICYCLE ISN'T IN THE OBJECT ITSELF BUT RATHER IN THEFUNCTION IT PROVIDES. BUFFALO BICYCLES DRAMATICALLY INCREASE EFFICIENCY FOR ITS USERS - INDIVIDUALS AT THE LOWEST LEVEL OF THE ECONOMIC LADDER. (CONTINUED IN SCHEDULE O) 1099645 MONITORING AND EVALUATION WORLD BICYCLE RELIEF IS CONSISTENTLY MEASURING THE IMPACT OF THE BICYCLE IN WBR AND NON WBR RUN PROGRAMS. LEVERAGING LEARNING WITH ADAPTIVE MANAGEMENT ENSURES WBR IS PROVIDING THE BEST SOLUTION POSSIBLE TO MOBILITY TO THOSE IT SERVES. WBR METRICS TIME INCLUDE CHANGES IN PARTICIPANT ACCESS TO HEALTHCARE, EDUCATION AND ECONOMIC OPPORTUNITY, AND IN THE LONG-TERM, CHANGES TO INCOME AND OTHER EMPOWERMENT OUTCOMES. 1099645 7614467 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 1 X 21 0 1 32 1 0 1 ZA KE MP ZI MI CO SP 0 0 0 0 0 0 0 0 0 0 X 9 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR AZ CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI TN UT VA WV WI X X X JEFF BOSKEN 3126643604 1000 WEST FULTON MARKET CHICAGO IL 60607 ERIC SHOWELL THRU 0822 PROGRAM DIRECTOR 40.00 0.00 X 339937 0 22185 DAVID NEISWANDER CEO 40.00 0.00 X 312528 0 12386 ALISHA MYERS SII DIRECTOR 40.00 0.00 X 244499 0 13476 JEFFREY BOSKEN TREASURER & CORP SECRETARY 40.00 0.00 X 208911 0 29264 ADRIENNE KARECKI ED DEVELOPMENT + COMMUNICATIONS 40.00 0.00 X 223269 0 6439 ANDREW SAMWAYS VP OF PRODUCT DEVELOPMENT 40.00 0.00 X 197851 0 31880 SUSAN BORNSTEIN ED INSTITUTIONAL MARKETS 40.00 0.00 X 178482 0 11718 FREDERICK KW DAY BOARD MEMBER 36.00 0.00 X 0 0 0 STANLEY DAY BOARD MEMBER 1.00 0.00 X 0 0 0 LEAH MISSBACH DAY BOARD MEMBER 1.00 0.00 X 0 0 0 NATHANIEL HELLER AS OF 1222 BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL ROBERT HERR BOARD MEMBER 1.00 0.00 X 0 0 0 LIZ KELLISON AS OF 0222 BOARD MEMBER 1.00 0.00 X 0 0 0 PETER O'HAGAN BOARD MEMBER 1.00 0.00 X 0 0 0 DAMARIS PARSITAU BOARD MEMBER 1.00 0.00 X 0 0 0 ROBERT PERKOWITZ BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID TSWAMUNO THRU 1122 BOARD MEMBER 1.00 0.00 X 0 0 0 OREN WYCHE-SHAW THRU 0522 BOARD MEMBER 1.00 0.00 X 0 0 0 1705477 0 127348 15 0 1 0 CAUSEMIC LLC 2034 N KILLINGSWORTH ST PORTLAND OR 97217 MARKETING & DEVELOPMENT 346700 ARNOLD & PORTER KAYE SCHOLER LLP 601 MASSACHUSETTS AVE WASHINGTON DC 20001 LEGAL 185418 GRANT THORNTON LLP 171 N CLARK STREET SUITE 200 CHICAGO IL 60601 ACCOUNTING 142402 3 1351627 200000 10651513 619714 12203140 111219 111219 77945 -77945 -77945 -77945 12339 12614 -275 -275 PHOTO USE FEE 900099 165 165 165 12236304 0 0 33164 4347316 4347316 563089 362404 181194 19491 3226262 1479213 413535 1333514 104652 54883 15050 34719 263783 151562 43864 68357 235877 99552 50615 85710 419597 15746 399190 4661 332272 332272 998557 366621 96277 535659 191432 68611 329 122492 383786 101312 90097 192377 322236 50335 195467 76434 50542 43022 7520 555292 343967 121217 90108 193657 42342 17169 134146 42904 42904 98730 60847 14140 23743 57287 5208 50972 1107 ENGINEERING SERVICES 21526 21526 DONATION REFUND 9898 9898 BICYCLE FREIGHT 3130 2351 779 12421825 7614467 2066643 2740715 2687507 832486 1252965 952963 170999 187823 532690 443309 154679 89381 8606054 10741709 12872204 12804362 239859 321684 0 0 0 0 0 540 64542 240399 386226 X 12531884 12318136 99921 100000 12631805 12418136 12872204 12804362 X -185521 839 -28987 X 0 1 X 1 0 X 8117397 8213892 9452136 12250988 12203140 50237553 8117397 8213892 9452136 12250988 12203140 50237553 14555798 35681755 87607 88731 98097 119266 111219 504920 11789 -3556 18967 12426 12339 51965 50794438 0.70250 0.77140 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: NET INCOME FROM INVENTORY - 2018 AMOUNT: $ 11,789. 2019 AMOUNT: $ -3,556. 2020 AMOUNT: $ 18,967. 2021 AMOUNT: $ 12,426. 2022 AMOUNT: $ 12,174. PHOTO USE FEE - 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 165. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 340145 279523 60622 192545 163786 28759 89381 PRI LOAN - ZAMBIA 1389688 F PRI LOAN - KENYA 1381897 F PRI LOAN - MAURITIUS 6008657 F PRI LOAN - SPAIN 723322 F PRI LOAN - MALAWI 6365 F PRI LOAN - INTERNATIONAL PHILANTHROPIC 1085361 F PRI LOAN - COLOMBIA 146419 F 10741709 DUE TO WBR ZIMBABWE 64542 64542 X 13655811 839 1285217 1286056 12369755 -133451 -133451 12236304 13707042 1285217 1285217 12421825 0 12421825 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, 2022, AND 2021, THE ORGANIZATION DOES NOT HAVE UNRELATED BUSINESS INCOME. AS OF DECEMBER 31, 2022 AND 2021, 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 -12,614. FOREIGN CURRENCY LOSS -120,837. 1 SUB-SAHARAN AFRICA 4 0 GRANTMAKING MOBILIZED COMMUNITIES 1855325 SUB-SAHARAN AFRICA 4 0 GRANTMAKING BICYCLES 1950249 SOUTH AMERICA 1 0 GRANTMAKING BICYCLES 445910 SOUTH AMERICA 1 0 GRANTMAKING MOBILIZED COMMUNITIES 95832 EUROPE (INCLUDING ICELAND & GREENLAND) 1 1 INTERCOMPANY SERVICE EXPENSE NEW PRODUCT DEVELOPMENT 21526 11 1 0 0 11 1 4368842 0 4368842 SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 771763 WIRE 0 FMV SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 258424 WIRE 0 FMV SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 1064846 WIRE 0 FMV SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 1314221 WIRE 0 FMV SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 421341 WIRE 0 FMV SUB-SAHARAN AFRICA PROGRAM IMPLEMENTATION 312366 WIRE 0 FMV SOUTH AMERICA PROGRAM IMPLEMENTATION 587713 WIRE 0 FMV EUROPE (INCLUDING ICELAND & GREENLAND) SOCIAL ENTERPRISE 21527 WIRE 0 FMV EAST ASIA AND THE PACIFIC PROGRAM IMPLEMENTATION 500000 WIRE 0 FMV 6 3 1 0 1 0 0 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANTS OUTSIDE THE U.S. WBR PROVIDED GRANTS TO WORLD BICYCLE RELIEF - ZAMBIA LIMITED, A RELATED FOREIGN CORPORATION, WORLD BICYCLE RELIEF - KENYA, A BRANCH OF WBR, BUFFALO BICYCLE LIMITED, BBSA, WORLD BICYCLE RELIEF (PRIVATE) LIMITED, BUFFALO BICYCLE MALAWI, BUFFALO BICYCLE COLOMBIA, AND WORLD BICYCLE RELIEF COLOMBIA. WBR REQUIRES GRANTEES TO SUMMARIZE HOW GRANTS ARE UTILIZED. IN ADDITION, THE AFRICA DIRECTOR MONITORS THE USE OF FUNDS AND REPORTS DIRECTLY BACK TO WBR. WBR ALSO HAS EMPLOYEES PERFORMING PROGRAM SERVICES IN ZAMBIA, ZIMBABWE, AND KENYA WHO MONITOR THE USE OF THE FUNDS. PART III ACCOUNTING METHOD: X X X X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 ERIC SHOWELL THRU 0822 PROGRAM DIRECTOR 191164 0 0 0 148773 0 3920 0 18265 0 362122 0 0 0 DAVID NEISWANDER CEO 312528 0 0 0 0 0 2470 0 9916 0 324914 0 0 0 ALISHA MYERS SII DIRECTOR 153467 0 0 0 91032 0 5629 0 7847 0 257975 0 0 0 JEFFREY BOSKEN TREASURER & CORP SECRETARY 208911 0 0 0 0 0 7686 0 21578 0 238175 0 0 0 ADRIENNE KARECKI ED DEVELOPMENT + COMMUNICATIONS 223269 0 0 0 0 0 6439 0 0 0 229708 0 0 0 ANDREW SAMWAYS VP OF PRODUCT DEVELOPMENT 136986 0 0 0 60865 0 6618 0 25262 0 229731 0 0 0 SUSAN BORNSTEIN ED INSTITUTIONAL MARKETS 178482 0 0 0 0 0 6125 0 5593 0 190200 0 0 0 PART I, LINE 1A HOUSING ALLOWANCE AND RESIDENCE FOR PERSONAL USE DURING THE CALENDAR YEAR 2022, ERIC SHOWELL, ALISHA MYERS, AND ANDY SAMAYS RECEIVED THE FOLLOWING TAXABLE SERVICES: HOUSING $ 41,186 TAX SERVICES $ 3,775 --------------- TOTAL $ 44,961 THE HOUSING ALLOWANCE PROVIDED HOUSING THAT ALLOWED ERIC AND ANDY TO CONDUCT BUSINESS AFFAIRS AND BE AVAILABLE 24/7 TO RESPOND TO EMERGENT SITUATIONS THAT MAY ARISE. IT IS IN THE JOB DESCRIPTION FOR THEM TO BE ON SITE WORKING FOR WORLD BICYCLE RELIEF AND THE HOUSING PROVIDED MAKES THIS POSSIBLE. THE HOUSING ALLOWANCE IS BASED ON A MONTHLY RENTAL FEE OF A HOUSE WITH GARDENING SERVICES. THE RESIDENCE IS FOR PERSONAL USE. THE HOUSING IS TREATED AS TAXABLE INCOME AND IS REPORTABLE AS INCOME ON THEIR FORMS W-2. TAX GROSS-UP PAYMENTS DURING THE CALENDAR YEAR 2022, THE FOLLOWING INDIVIDUALS WERE PROVIDED TAX GROSS-UP PAYMENTS: ALISHA MYERS $ 88,957 ERIC SHOWELL $ 87,909 FK DAY SUBSTANTIAL CONT. 1434036 BUS. REL. 0 SRAM LLC TRUSTEES/OFFICERS 177305 SERVICES 0 STAN DAY SUBSTANTIAL CONT. 127021 BUS. REL. 0 MICHAEL HERR SUBSTANTIAL CONT. 13015 BUS. REL. 0 PART IV: BUSINESS TRANSACTIONS WITH INTERESTED PERSONSF.K. DAY, STAN DAY, AND MICHAEL HERR AS BOARD MEMBERS AND/OR OFFICERS HAVE A BUSINESS RELATIONSHIP WITH SRAM LLC. SRAM LLC PROVIDES DONATED SALARIES AND IN-KIND RENTAL SPACE AND UTILITIES TO WORLD BICYCLE RELIEF. THIS AMOUNT WAS PAID AT FAIR MARKET VALUE.. X 17 619714 FMV 0 0 0 PART I, COLUMN (B): NON-CASH CONTRIBUTIONS WORLD BICYCLE RELIEF, NFP IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. 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 712,000 PURPOSE-BUILT BICYCLES (AS OF DECEMBER 2022), IMPACTING AN ESTIMATED 3.56 MILLION INDIVIDUALS ACROSS 21 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 STUDYAN 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 AFFORDABLE, RELIABLE TRANSPORTATION HAVE PROFOUND IMPACT ON DEVELOPMENT OUTCOMES. FOR EXAMPLE, ACCORDING TO THE U.S. AGENCY FOR INTERNATIONAL DEVELOPMENT, 47% OF RURAL-BASED WOMEN IN ZIMBABWE CITED DISTANCE AS A PRIMARY CHALLENGE TO ACCESSING HEALTH CARE VERSUS JUST 10% OF URBAN-BASED WOMEN. IN MALAWI, NET ATTENDANCE FOR SECONDARY SCHOOLS IN RURAL AREAS IS JUST 13%, A THIRD OF THE RATE OF SECONDARY SCHOOL ATTENDANCE IN URBAN AREAS. AND IN ZAMBIA, 64% OF RURAL RESIDENTS FALL WITHIN THE LOWEST TWO WEALTH QUINTILES VERSUS 3.1% OF URBAN RESIDENTS. MEETING THE NEED AND MARKET DEMAND WBR ADDRESSES THE NEED AND MARKET DEMAND FOR AFFORDABLE, QUALITY BICYCLE TRANSPORT IN DEVELOPING REGIONS OF THE WORLD THROUGH A HOLISTIC, SUSTAINABLE APPROACH. WE UTILIZE AN INNOVATIVE BUSINESS MODEL: WBR IS A 501(C)3 NOT-FOR-PROFIT THAT OWNS 100% OF BUFFALO BICYCLE LIMITED, A FOR-PROFIT SOCIAL ENTERPRISE. THROUGH WBR'S 501(C)3, WBR RAISES FUNDS TO PROVIDE TRANSPORT SOLUTIONS TO THOSE WHO CANNOT AFFORD THEM, AND THROUGH BUFFALO BICYCLE LIMITED, WE SELL THE BUFFALO BICYCLE, SPARE PARTS, AND VALUE-ADDED SERVICES. ALL PROCEEDS FROM BICYCLE SALES SUPPORT WBR-FUNDED PROGRAMS, REPLACING SOME OF THE NEED FOR PHILANTHROPIC FUNDS. BUFFALO BICYCLE LIMITED ALSO MULTIPLIES OUR IMPACT BY INCREASING MARKET ACCESS TO AFFORDABLE/HIGH-QUALITY BICYCLE TRANSPORT, DIVERSIFYING OUR FUNDING BASE, PROVIDING A MARKET-BASED SUPPLY CHAIN OF SPARE PARTS, AND CREATING MANUFACTURING ECONOMIES OF SCALE THAT LOWER THE PER BIKE COST OF WBR PROGRAMS. WE DISTRIBUTE OUR BICYCLES THROUGH THREE PRIMARY CHANNELS: ORGANIZATIONAL SALES AND PARTNERSHIPS (E.G. UN AGENCIES, NGOS), CONSUMER SALES (E.G. INDIVIDUALS AND LOCAL BUSINESSES), AND WBR-FUNDED PROGRAMS THAT DONATE BICYCLES TO THOSE WHO CANNOT AFFORD THEM (E.G. RURAL STUDENTS LIVING BELOW THE POVERTY LINE). THROUGHOUT OUR ACTIVITIES, WE EMPHASIZE GENDER EQUALITY TO MAXIMIZE THE IMPACT OF OUR WORK. IN OUR PERMANENT PRESENCE COUNTRIES OF COLOMBIA, KENYA, MALAWI, ZAMBIA, AND ZIMBABWE, WE ESTABLISH MARKET-BASED BICYCLE ECOSYSTEMS BY TRAINING LOCAL MECHANICS, ESTABLISHING SPARE PARTS SUPPLY CHAINS, BUILDING COMMUNITY OWNERSHIP OF PROGRAMS, RIGOROUSLY MONITORING RESULTS, AND ITERATING OUR PROGRAMS AND PRODUCTS BASED ON USER AND PARTNER FEEDBACK. FORM 990, PART III, LINE 4A: (CONTINUED) WE ALSO ESTABLISH LINKS TO OUR SOCIAL ENTERPRISE BUSINESS BUFFALO BICYCLESTO 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 FIELD MEANS 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. THE COASTER BRAKE, FOR EXAMPLE, SLOWS THE REAR WHEEL THROUGH A BACK-PEDALING ACTION. THIS SEEMINGLY ANTIQUATED DESIGN, NOW TYPICALLY FOUND ONLY ON CHILDREN'S BIKES, REQUIRES NO CABLES TO OPERATE. THIS MAY BE A TRIVIAL CONSIDERATION IN THE UNITED STATES, WHERE BRAKE CABLES ARE EASY TO FIND. BUT AS THEY ARE NOT COMMONLY AVAILABLE IN THE COUNTRIES IN WHICH WBR OPERATES, THE ADVANTAGE OF A CABLE-FREE BRAKE IS SIGNIFICANT. WBR'S PRODUCT DEVELOPMENT TEAM AIMS TO BE CONSIDERATE OF THE REALITIES OF WHERE OUR BIKES ARE USED. HOWEVER, WBR ALSO FEELS IT HAS A RESPONSIBILITY TO IMPROVE THE EXPERIENCE OF OWNING AND USING A BICYCLE. 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 VI, SECTION A, LINE 1A 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. 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, 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 COMPENSATION REVIEW 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 2019 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. FORM 990, PART XI, LINE 9: DONATION REFUND 9,898. FOREIGN EXCHANGE GAIN -38,885. WORLD BICYCLE RELIEF - AUSTRALIA 6 MACRO COURT ROWVILLE AS AS VIC 317 BIKE RELIEF AS 501(C)(3) WBR 1 WORLD BICYCLE RELIEF - ZAMBIA P O BOX 38991 LUSAKA ZA BIKE RELIEF ZA 501(C)(3) WBR 1 WORLD BICYCLE RELIEF DEUTSCHLAND GMBH ROMSTRASSE 1 SCHWEINFURT GM GM D-97424 BIKE RELIEF GM 501(C)(3) WBR 1 WORLD BICYCLE RELIEF MALAWI PLOT 21/2/35 LILONGWE MI BIKE RELIEF MI 501(C)(3) WBR 1 WORLD BICYCLE RELIEF UK 1 ST GEORGES ROAD WIMBLEDON UK SW194DR BIKE RELIEF UK 501(C)(3) WBR 1 WORLD BICYCLE RELIEF CA 255 COURTNEYPARK DRIVE WEST MISSISSAUGA CA L5W 0A5 BIKE RELIEF CA 501(C)(3) WBR 1 WORLD BICYCLE RELIEF SWITZERLAND RUE 1 IMPACT HUB GENEVE SZ BIKE RELIEF SZ 501(C)(3) WBR 1 WORLD BICYCLE RELIEF COLOMBIA CALLE 73 VIA 40-150 BARRANQUILLA CO BIKE RELIEF CO 501(C)(3) WBR 1 WORLD BICYCLE RELIEF - KENYA L R NO 209/5417 1ST FLOOR NYERRERE KE BIKE SALES KE 501(C)(3) WBR 1 WORLD BICYCLE PRIVATE LIMITED 540 RORO CLOSE RUWA ZI BICYCLE SALES ZI WBR TRUST C 3002844 1691364 1.00000 0 BUFFALO BICYCLE LIMITED SUITE 405 4TH FLOOR BARKLY WARF E PORT LOUIS MP BICYCLE SALES MP WBR NFP C 5930246 888372 1.00000 0 BUFFALO BICYCLE KENYA LIMITED LUTHER PLZ 1 FL NO 209/5447 NAIROBI KE BICYCLE SALES KE BB MAURITIUS C 1815025 1287880 0.01000 0 BUFFALO BICYCLE ZAMBIA LIMITED PLOT NO 2405 KABELNGA ROAD LUSAKA ZA BICYCLE SALES ZA BB MAURITIUS C 4911955 2246379 0.01000 0 BUFFALO BICYCLE SOUTH AFRICA (PTY) LTD 1 SURREY PLACE TWO OCEANS HOUSE ST MOUILLE POINT SF BICYCLE SALES SF BB MAURITIUS C 258424 64 0.01000 0 BUFFALO BICYCLE MALAWI LIMITED PLOT 21/2/35 NJEWA LILONGWE MI BICYCLE SALES MI BB MAURITIUS C 1202857 1500620 0.50000 0 BUFFALO BICYCLE COLOMBIA CALLE 73 VIA 40 150 WHOUSE 1 BARRANQUILLA CO BICYCLE SALES CO BB SPAIN C 1464983 964221 0.01000 0 BUFFALO BICYCLE SPAIN SL PASEO DE LA CASTELLANA NUMBER 81 MADRID SP BICYCLE SALES SP WBR NFP C 710693 0.01000 0 WORLD BICYCLE RELIEF SERVICES GMBH ROMSTRASSE 1 SCHWEINFURT GM BIKE RELIEF GM WBR NFP C 21527 32595 1.00000 0 0 1 1 1 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 WORLD BICYCLE RELIEF AUSTRALIA B 500000 COST BUFFALO BICYCLE COLOMBIA D 47044 COST BUFFALO BICYCLE LIMITED MAURITIUS D 797759 COST WORLD BICYCLE RELIEF (PRIVATE) LIMITED ZIMBABWE L 353355 COST BUFFALO BICYCLE LIMITED MARITIUS E 150000 COST BUFFALO BICYCLE KENYA L 1057256 COST WORLD BICYCLE RELIEF ZAMBIA L 298930 COST BUFFALO BICYCLE LIMITED MAURITIUS L 2446148 COST BUFFALO BIBYCLE MALAWI L 211988 COST WORLD BICYCLE RELIEF COLOMBIA L 662029 COST