FB4K Portland Inc

Nonprofit profile at a glance

EIN
824958794
IRS 990-EZ coverage
2018–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Lake Oswego, OR, USA
Phone
5037898055
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Support N.E.C.
Affiliation
Christianity

Reported finances

Revenue
$81,792
Expenses
$85,639
Assets
$375,211

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Doug Rich (President)

People named in this filing

  • Doug Rich (President)
  • Mark Waller (Chairman)
  • Kate Steinberg (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Free Bikes 4 Kids works through volunteers to solicit and gather donated bicycles, refurbish them and distribute them, along with safety equipment, to children who could otherwise not afford them. Bicycles are given away through a network of community organizations, churches and schools.

What it reported doing in 2024

In 2024 FB4K Portland (dba Reborn Bikes) distributed 9,868 free bikes and provided bike safety education programs to almost 5000 kids. Distributed bikes are collected from a variety of sources including Portland Metro, keeping thousands of bikes out of landfills. Bikes were collected, refurbished and distributed by 739 volunteers who donated 6209 hours. Professional, paid bike mechanics ensure that the refurbished bikes are safe to ride before they are distributed to kids and families. FB4K partnered with 75 schools and social services organizations in the Portland Metro area and at the Oregon Coast to bring refurbished bikes, accessories, and bike safety programs to diverse communities.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 47
  • Transparency & Controls: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48%; rating input score 48
  • Program expense ratio: 45.8%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -4.7%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 4.38; rating input score 82; 82nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 45%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 59th percentile among comparable filings
  • Revenue growth: 7.4% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 35.6% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 48% of revenue deployed · 45.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $39K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.