2012-11-13T16:50:50-06:00 2011-12-31 GRANT THORNTON LLP 175 W JACKSON BLVD STE 2000 CHICAGO IL 60604 990 2011-01-01 205080679 World Bicycle Relief NFP % MILOSZ BANBOR WORL 3126643604 1333 N Kingsbury 4th floor Chicago IL 60642 Michael R Herr 2012-11-14 true JULIE A DEE 3128560200 2011 2016-02-24 21:20:13Z X FREDERICK KW DAY 1333 N Kingsbury Chicago IL 60622 4567868 false X www.worldbicyclerelief.org X 2006 IL Transforming individuals and their communities through the Power of Bicycles. 8 5 18 25 0 0 2223842 4222577 8234 207929 -511 2924 -50411 12385 2181154 4445815 0 933810 0 0 223241 1334686 0 0 883138 1282531 1226835 1505772 3495331 675382 950484 2761062 4091122 345667 746724 2415395 3344398 X THE WORLD BICYCLE RELIEF (THE CORPORATION) IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES IN ACCORD WITH SEC. 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR A CORRESPONDING PROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW, REFERRED TO BELOW AS THE "CODE"). MORE SPECIFICALLY, WORLD BICYCLE RELIEF IS ORGANIZED TO HELP PEOPLE IN DISASTER-STRICKEN OR IMPOVERISHED AREAS OF THE WORLD TO ACHIEVE INDEPENDENCE AND A MEANS TO OBTAIN A LIVELIHOOD BY PROVIDING THEM WITH ACCESS TO LOW- OR NO-COST BICYCLES. false false 1445744 933810 35002 In mid-2009, WBR launched an education focused initiative called the Bicycles for Educational Empowerment Program (BEEP), which is designed to improve education outcomes for rural students in Sub-Saharan Africa. The program uses the power of bicycles to help improve school attendance and academic performance; bicycle recipients are chosen based on distance to school, with preference given to students in need, particularly female students. Students with bikes arrive to school safe and ready to learn. Initial results from the program show grades and attendance increasing while child pregnancy and other health risks such as HIV/AIDS rates are decreasing. Bicycle supervisory committees select those students most in need and then oversee their bicycle usage. Every recipient receives basic training about bicycle maintenance and safety, and signs a contract of commitment when receiving his or her bike. In 2011, WBR distributed about 7,500 bicycles and trained about 90 mechanics through BEEP. 794233 167739 World Bicycle Relief's (WBR) social enterprise program is an economic development initiative launched to fill the gap for high quality, culturally appropriate bicycles in the developing world. Non-governmental organizations and aid organizations addressing education, healthcare and economic development, as well as individual entrepreneurs across Africa have turned to World Bicycle Relief's expertise in bicycle design to address their need for simple, sustainable transportation. Distribution of WBR bicycles through our social enterprise program helps these organizations and individuals accomplish their goals efficiently. Some examples of organizations using our bicycles to achieve their missions include UNICEF, CARE, World Vision, Catholic Relief Services, and the World Food Programme. In 2011, this program was expanded to Kenya, Zimbabwe, and South Africa, in addition to Zambia. In 2011, WBR distributed 14,300 bicycles and trained 16 mechanics through the Social Enterprise program. 2239977 true true false false false false false false false false true false false false false true false true false true true true false false true false false false false true false false false false false false false true true false false false false true true true false false true 5 0 true 18 true false true ZA ZI KE false false false true true false false false false X 8 5 true false false false false false false true true false false true true true true true false false true false AL AK AZ AR CA CT FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WV WI X X MILOSZ BANBOR 3126643604 1333 N KINGSBURY 4TH FLOOR Chicago IL 60622 X X Michael Herr 1.0 X X 0 0 0 Brian Benzer 1.0 X 0 0 0 Stanley Day 1.0 X 0 0 0 Johan Bruyneel 1.0 X 0 0 0 Robert Perkowitz 1.0 X 0 0 0 Todd Ricketts 1.0 X 0 0 0 Mark Ishaug 1.0 X 0 0 0 Elaine Burke 1.0 X 0 0 0 Frederick KW Day 36.0 X 0 0 0 Maria Santos 1.0 X 0 0 0 David Neiswander 40.0 X 158968 0 7711 Michael Kollins 40.0 X 109840 0 5982 268808 0 13693 2 false true false 0 11092 249401 3962084 156547 4222577 AFRICA RIDES 900099 35002 35002 BICYCLE SOCIAL ENTERPRISE 900099 172927 167739 5188 207929 0 0 25000 25000 4016 1092 2924 2924 2924 101478 249401 116243 -14765 -14765 0 6130 4718 1412 1412 MISCELLANEOUS REVENUE 451110 738 738 738 4445815 202741 20497 0 0 933810 933810 0 268807 158968 109839 0 866050 437347 73450 355253 24649 8652 4337 11660 113480 57158 17713 38609 61700 22959 13578 25163 0 34621 12248 6376 15997 25361 6030 17366 1965 0 0 0 324352 155674 15963 152715 33910 1687 30000 2223 122174 48307 5960 67907 90794 90794 0 202388 191614 1091 9683 315084 163581 42578 108925 0 0 0 0 32748 24767 7981 18900 18554 346 . . . . 26503 -1379 25638 2244 3495331 2239977 372216 883138 0 0 860213 1042905 0 0 62757 508543 0 0 0 0 1788158 2011807 20644 308544 0 4300 130257 66356 29290 63901 0 372 0 150750 0 0 0 0 0 0 2761062 4091122 345667 746724 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 345667 746724 X 2415395 3269398 0 75000 0 0 2415395 3344398 2761062 4091122 X 950484 -21481 X false true true X false X X 1281688 2210322 1862537 2223842 4222577 11800966 202741 202741 1281688 2210322 1862537 2223842 4425318 12003707 825000 1284972 868275 1033455 1550328 5562030 825000 1284972 868275 1033455 1550328 5562030 6441677 6790 3139 25000 34929 6790 3139 25000 34929 20580 113537 134117 1288478 2213461 1862537 2244422 4563855 12172753 0.52919 0.48770 0.00287 0.00110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 72579 32144 40435 57678 34212 23466 63901 0 0 4445815 3495331 950484 1 -21483 -21482 929002 4766986 1 316452 316453 4450533 -4718 -4718 4445815 3816501 316452 316452 3500049 -4718 -4718 3495331 UNCERTAIN TAX POSITION (FIN 48) Schedule D, Part X, Line 2 World Bicycle Relief was organized and incorporated in Illinois as a Not-for-Profit Organization in 2006. The organization has received a favorable determination letter from the IRS Determination Letter for their Section 501(c)(3) status under the Internal Revenue Code of 1986 (the IRC). The FASB issued guidance that requires tax effects from uncertain tax position to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined there are no material uncertain positions that require recognition in the financial statements. The tax years ending 2008, 2009, 2010, and 2011 are still open to audit for both federal and state purposes. Reconciliation of NET ASSETS per AUDITED FINANCIAL STATEMENTS TO return Schedule D, Part XI, Line 8 ADDITION OF KENYAN BRANCH................. ($ 35,011) KENYAN TAX BENEFIT........................ 13,528 Total................................. ($ 21,483) Reconciliation of Revenue per Audited FS with Revenue per return Schedule D, Part XII, Line 4c COST OF GOOD SOLD......................... ($ 4,718) Total................................. ($ 4,718) Reconciliation of Expenses per Audited FS with Expenses per return Schedule D, Part XIII, Line 2d COST OF GOOD SOLD........................ ($ 4,718) Total.............................. ($ 4,718) true Sub-Saharan Africa 71 Program Services BEEP Program 511934 Sub-Saharan Africa Grantmaking BEEP Program 933810 Sub-Saharan Africa Program Services Social Enterprise 704664 East Asia and the Pacific 2 Program Services BEEP Program 89569 73 73 2239977 2239977 Sub-Saharan Africa 933810 Bike parts FMV 1 2 false false true false false false Procedure for Monitoring Use of Grant Funds Outside U.S. Schedule F, Part I, Line 2 WBR provided grants to World Bicycle Relief - Zambia Limited, a related foreign corporation, World Bicycle Relief - Kenya, a branch of WBR, and World Bicycle Relief - Zimbabwe, an unrelated foreign corporation. WBR requires grantees to summarize how grants are utilized. In addition, the Program Director monitors the use of funds and reports directly back to WBR. WBR also has employees performing program services in Zambia who monitor the use of the funds. WFRT 2011 292601 249401 43200 3250 7599 88645 pART Project 58278 58278 16749 0 350879 249401 101478 3250 7599 105394 116243 -14765 X X false false false false false false false false false David Neiswander 158968 0 0 0 0 0 4200 0 3511 0 166679 0 0 0 SRAM LLC Trustees/Officers 1453091 Reimbursement of WBR Expenses false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV World Bicycle Relief reimbursed expenses to SRAM. This amount was paid at fair market value. X 3 4497 at date of transfer X 1 151750 3rd party valuation X Furniture 2 300 online search 1 false false true Third Party Assistance of Noncash Contributions Schedule M, Part I, Line 32B A Third Party broker receives directly, and sells and remits proceeds from stock gifts. Governing Body Committees Form 990, Part VI, Line 1a The Board of Directors of World Bicycle Relief (WBR) 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. Family and Business Relationships Form 990, Part VI, Line 2 Board member Stanley Day and president Frederick K.W. day have a family relationship. Michael Herr, Brian Benzer, Stanley Day, and Frederick K.W. Day have a business relationship. Form 990 Review Process Form 990, Part VI, Line 11b The President, Chief Operating Officer, and Treasurer reviewed a draft of the Form 990 that was prepared by a third party tax preparer 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 President 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. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c 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 with the WBR 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. Process for Determining Compensation Form 990, Part VI, Line 15b Compensation is established for the Chief Operating Officer by the President after a thorough salary/market review. This salary/market review process was last completed for the Chief Operating Officer, the senior management team, and the staff of WBR, in 2011. Each year the board evaluates the Chief Operating Officer'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 every year vis-a-vis other similar organizations using Form 990 data. Documentation of the compensation review is contemporaneously documented in the Human Resources files. How Documents are Made Available to the Public Part VI, Section C, Line 18 WBR's form 990 is available on the organization's website and available upon request. The organization's form 1023 is available upon request. Form 990, Governing Documents, conflict of interest, & financial statement Part VI, Section C, Line 19 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. Review of financial statements Form 990, Part XII, Line 2C The financial statements are shared with the board and key internal staff. However, there is no formal audit committee tasked with oversight of the audit. Reconciliation of Net Assets Form 990, Part XI, Line 5 ADDITION OF KENYAN BRANCH..................... ($ 35,011) KENYAN TAX BENEFIT............................ 13,528 NET UNREALIZED GAIN........................... 1 Total......................... ($ 21,482) World Bicycle Relief - Zambia PO Box 38991 Lusaka ZA Bike Relief ZA 501(C)(3) WBR true false true false true false false false false false false false false true true true true true WORLD BICYCLE RELIEF - ZAMBIA B 662488 FMV WORLD BICYCLE RELIEF - ZAMBIA D 1563644 FMV WORLD BICYCLE RELIEF - ZAMBIA Q 283000 FMV