2016-01-11T12:15:14-06:00 2015-09-30 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2014-10-01 223122003 PEDALS FOR PROGRESS A NJ NON PROFIT CORPORATION PEDA 9086384811 86 EAST MAIN STREET HIGH BRIDGE NJ 08829 DAVID SCHWEIDENBACK PRESIDENT 9086384811 2016-01-11 1 THOMAS R DARTNELL CPA P00224464 9733281825 2016-01-11 2014 2016-04-25 22:37:26Z DAVID SCHWEIDENBACK 86 EAST MAIN STREET HIGH BRIDGE NJ 08829 406647 0 X WWW.P4P.ORG X 1991 NJ 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. 5 4 16 452 0 0 680999 315243 50525 43053 23066 3309 7442 0 762032 361605 538254 180124 0 0 166758 134828 0 0 18023 114210 101575 819222 416527 -57190 -54922 136531 85235 7200 14669 129331 70566 TO SUPPLY ECONOMIC DEVELOPMENT AID BY RECYCLING BICYCLES AND SEWING MACHINES IN THE U.S. AND SHIPPING THEM TO THE PEOPLE OF THE DEVELOPING WORLD. 0 0 364869 180124 43053 PEDALS FOR PROGRESS'S PRIMARY EXEMPT PURPOSE IS TO SUPPLY, VIA CHARITY PARTNERS OVERSEAS, RECONDITIONED AND USED BICYCLES TO LOW-INCOME FAMILIES IN NEED OF AFFORDABLE TRANSPORT FOR PRODUCTIVE PURPOSES. 364869 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 1 16 1 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ PA CT VT NY X X DAVID SCHWEIDENBACK 9086384811 86 EAST MAIN STREET HIGH BRIDGE NJ 08829 JOHN ALEXANDER TREASURER 2.00 X 0 0 0 JOHN STRACHAN TRUSTEE 2.00 X 0 0 0 ROBERT ZEH SECRETARY 2.00 X 0 0 0 ANDREW WILLIAMS TRUSTEE 2.00 X 0 0 0 DAVID SCHWEIDENBACK CHAIRMAN/PRESIDENT 40.00 X X 79750 0 9450 79750 0 9450 0 0 0 0 0 315243 169724 315243 REVOLVING FUNDS 900099 43053 43053 43053 2285 2285 46066 45042 1024 1024 1024 361605 43053 0 3309 180124 180124 89200 80278 4461 4461 31027 27682 1059 2286 5037 4613 121 303 9564 8516 507 541 13120 13120 16440 5948 1733 8759 17647 14776 1888 983 2666 2326 340 671 671 8233 8233 SHIPPING AND COLLECTION 40284 40276 8 LICENSING AND DUES 1309 220 869 220 STATE FEES 675 50 625 MERCHANDISE, PARTS AND 530 60 470 416527 364869 33635 18023 4063 2806 14714 21931 648 680 22279 11879 5902 6395 52251 50743 2179 1508 86746 40036 136531 85235 7200 14669 7200 14669 X 129331 70566 129331 70566 136531 85235 -54922 -3843 0 X X 0 1 X 1 0 X 436832 433090 301405 680999 315243 2167569 436832 433090 301405 680999 315243 2167569 2167569 270 264 4 991 2285 3814 2171383 0.99820 0.99930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10411 10411 10411 10411 10411 10411 52251 50743 1508 1508 X 366732 -3843 8970 5127 361605 0 361605 425497 8970 8970 416527 0 416527 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. 0 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 0 0 DONATION OF BIKES AND SEWING MACHINES 26197 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 DONATION OF BIKES AND SEWING MACHINES 77415 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 DONATION OF BIKES AND SEWING MACHINES 47699 RUSSIA AND NEIGHBORING STATES - ARMENIA, AZERBIJAN, BELARUS, 0 0 DONATION OF BIKES AND SEWING MACHINES 24359 0 0 0 0 0 0 175670 0 175670 BIKES AND SEWING MACHINES EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 964 47699 BIKES AND SEWING MACHINES FMV BIKES AND SEWING MACHINES CENTRAL AMERICA AND THE CARIBBEAN 1564 77415 BIKES AND SEWING MACHINES FMV BIKES AND SEWING MACHINES SUB-SAHARAN AFRICA 529 26197 BIKES AND SEWING MACHINES FMV BIKES AND SEWING MACHINES RUSSIA AND NEIGHBORING STATES 492 24359 BIKES AND SEWING MACHINES FMV 0 0 0 0 0 0 PART I, LINE 2: THE 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. X BICYCLES, SEWING MACHINES, AND COLLECTION SUPPLIES 3375 169724 THRIFT SHOP VALUE 0 1 0 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. FORM 990 PART XII LINE 2C NO CHANGE FROM THE PRIOR YEAR.