NonprofitsPedals For Progress A New Jersey Nonprofit Corporation

Recreation & Sports

Pedals For Progress A New Jersey Nonprofit Corporation

HIGH BRIDGE, NJ

Total revenue

$388K

Total expenses

$333K

Net assets

$162K

Grants received

$102K

12 grants

EIN

223122003

Tax year

2023

Mission

To empower sustainable economic development by recycling bicycles and sewing machines from the us and shipping them to motivated people in the developing world. Since its inception in 1991 and from the seed of an idea by its founder(a former peace corps volunteer), the organization has grown into an enterprise that has cumulatively collected and distributed over 162,000 bicycles and over 5,200 sewing machines to the working poor in central america, africa, eastern europe, asia and the islands of the caribbean and the pacific basin. Through volunteer labor and tax-deductible donations of money and materials, pedals for progress/sewing peace 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 building management and repair skills to their staff)and subsequently, sold at cost to help low-income

Programs

1 program

Pedals for progress/sewing piece's primary exempt purpose is to supply, via charity partners overseas, reconditioned and used bicycles to low-income families in need of affordable transportation for productive purposes. Also to provide refurbished sewing machines, via charity partners overseas, which hold sewing classes and distribute the machines to create employment.

Financials

FY 2023

Revenue

Contributions & grants$350K
Program service revenue$31K
Investment income$7K
Other revenue
Total revenue$388K

Expenses

Grants paid$145K
Salaries & benefits$91K
Fundraising$5K
Other expenses$96K
Total expenses$333K
Total assets$167K
Net assets$162K

People

10 listed

NameRoleCompensation

ALAN SCHULTZ

PRESIDENT

Board

$52K

40 hrs/wk

DAVID SCHWEIDENBACK

VP & TRUSTEE

Board

$23K

30 hrs/wk

JAIME ACOSTA

TRUSTEE

Board

2 hrs/wk

JERRY AGASAR

TRUSTEE

Board

2 hrs/wk

JOHN ALEXANDER

TRUSTEE & CH

Board

2 hrs/wk

THOMAS BEISHKE

TRUSTEE

Board

1 hrs/wk

DARYL DETRICK

TRUSTEE

Board

2 hrs/wk

RYAN SAUL

TRUSTEE & SE

Board

1 hrs/wk

CASEY WALSH

TRUSTEE

Board

1 hrs/wk

ANDREW WILLIAMS

TRUSTEE

Board

1 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$8K
For grant recipient's exempt purposes
2023
$8K
For grant recipient's exempt purposes
2022
$10K
For grant recipient's exempt purposes
2021
$10K
For grant recipient's exempt purposes
2021
$9K
For grant recipient's exempt purposes
2020
$400
GENERAL PURPOSE
2020
$100
EMPLOYEE GIVING PROGRAM
2020
$9K
For grant recipient's exempt purposes
2019
$6K
For grant recipient's exempt purposes
2018
$8K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$102K from 5 funders · 12 grants · 2017–2023

Fidelity Investments Charitable Gift Fund

$67K · 8 grants · 2017–2023

Aetna Foundation Inc

$400 · 1 grant · 2020

Details

EIN223122003
NTEE codeN50Z
Subsection03
Ruling date1993-02
Formed1991
Employees5
PEDALS FOR PROGRESS A NEW JERSEY NONPROFIT CORPORATION — Mission, Financials & Grants Received | Grantivo