2018-10-09T19:01:12-05:00 2017-12-31 GRANT THORNTON LLP 171 N CLARK ST SUITE 200 CHICAGO IL 60601 990 2017-01-01 205080679 World Bicycle Relief NFP % JEFF BOSKEN WORL 3126643604 1000 West Fulton Market Chicago IL 60607 JEFF BOSKEN DIRECTOR OF FINANCE 3126643604 2018-10-09 true Bridget T Roche P00666837 3128560200 209.220.136.124 36941220182825000017 2018-10-09 P C168AFF0C28255D439F9439D986F50BD629E6687 ECE9D2D48766BBADCAFDCE56D2F3F971EEE3C114 2017 2018-06-14 16:35:46Z FREDERICK KW DAY 1000 West Fulton Market Chicago IL 60607 8514043 false X www.worldbicyclerelief.org X 2006 IL WORLD BICYCLE RELIEF MOBILIZES PEOPLE THROUGH THE POWER OF BICYCLES. WE ENVISION A WORLD WHERE DISTANCE IS NO LONGER A BARRIER TO INDEPENDENCE AND LIVELIHOOD. 7 5 15 12 0 0 7599981 7880921 0 0 222272 40176 26348 13076 7848601 7934173 2270486 3824260 0 0 2511936 2728145 0 51275 2031394 1324416 2558770 6106838 9162450 1741763 -1228277 7803080 6580473 327300 332970 7475780 6247503 X Mobilizes people through the Power of Bicyles. We create access to education, healthcare, & economic opportunities in developing regions where distance is a challenge. (Continued in Schedule O). false false 6402800 3824260 EDUCATION IN MANY RURAL AREAS ACROSS THE GLOBE, CHILDREN ARE DENIED A BASIC EDUCATION BECAUSE THEY LIVE FAR FROM SCHOOL AND DON'T HAVE RELIABLE TRANSPORTATION. A BICYCLE CAN REDUCE A CHILD'S COMMUTE TIME BY UP TO 75%. IN THE SHORT TERM, BICYCLES HELP CHILDREN ARRIVE AT SCHOOL LESS EXHAUSTED AND ATTEND REGULARLY. IN THE LONG TERM, BICYCLES HELP CHILDREN COMPLETE THEIR EDUCATION, REDUCING THE LIKELIHOOD OF EXTREME POVERTY. (Continued in Schedule O). 6402800 true true false false false false false false false false true false true false true true false true false true true true false true false false false false false true false false false false false false false true true false false false false true true false false false true 28 0 true 15 true false true ZA KE MP ZI MI false false false false false false false false false false X 7 5 true false false false false false false true true false false true true true true true true true true false AL AK 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 X JEFF BOSKEN 3126643604 1000 WEST FULTON MARKET Chicago IL 60607 Michael Herr Treasurer 1.0 0.0 X X 0 0 0 Brian Benzer Board Chairman 1.0 0.0 X 0 0 0 Stanley Day Board Member 1.0 0.0 X 0 0 0 Robert Perkowitz Board Member 1.0 0.0 X 0 0 0 Peter O'Hagan Board Member 1.0 0.0 X 0 0 0 Paula Restrepo Board Member 1.0 0.0 X 0 0 0 Byron Dailey Board Member 1.0 0.0 X 0 0 0 Maria Santos Corporate Secretary 1.0 0.0 X 0 0 0 Frederick KW Day CEO 36.0 0.0 X 192000 0 0 David Neiswander President 40.0 0.0 X 231686 0 6751 Alisha Myers M&E Director 40.0 0.0 X 121687 0 10880 Ruth-Anne Renaud Dir Marketing & Outreach 40.0 0.0 X 134107 0 13431 Michael Veitenhans Director Global Partnerships 40.0 0.0 X 169974 0 15151 Eric Showell Program Director 40.0 0.0 X 210223 0 22672 Andrew Hall Design Engineer 40.0 0.0 X 138286 0 21216 1197963 0 90101 8 false true false GRANT THORNTON LLP 171 NORTH CLARK STREET SUITE 200 CHICAGO IL 60601 ACCOUNTING 156427 1 7880921 531722 7880921 0 85409 85409 0 0 0 0 0 527405 572638 -45233 -45233 -45233 0 0 0 0 0 0 20308 7232 13076 13076 0 7934173 53252 0 0 3824260 3824260 0 430437 346984 46357 37096 0 1830235 908105 175616 746514 70267 31460 3077 35730 176996 108407 15560 53029 220210 105701 26425 88084 0 1498 1498 203408 203408 0 51275 51275 0 363348 146418 36340 180590 281793 54519 190 227084 233515 60252 62119 111144 372488 147815 64622 160051 0 53703 36450 281 16972 375779 164812 42543 168424 0 175059 49355 16507 109197 9417 516 8901 0 54233 39233 15000 29108 1907 26310 891 SOCIAL ENTERPRISE 374796 374796 DONATION REFUND 27950 27950 BICYCLE FREIGHT 2675 312 2363 9162450 6402800 728256 2031394 0 0 483976 1431587 1588173 161075 0 0 0 0 0 0 0 0 29570 0 73957 103722 310463 109995 145119 200468 0 0 29276 29276 5427052 4654345 0 0 25957 0 7803080 6580473 326832 221405 0 0 0 0 0 0 0 0 0 0 0 0 0 0 468 111565 327300 332970 X 7382780 6154503 93000 93000 0 0 7475780 6247503 7803080 6580473 -1228277 X X false true X true false X 4909542 7077552 5409537 7599981 7880921 32877533 0 0 4909542 7077552 5409537 7599981 7880921 32877533 3182336 29695197 120718 79192 87712 153441 85409 526472 -36636 -36636 93599 99111 77994 85302 20308 376314 33743683 756653 0.88002 0.85597 X 468462 288891 757353 468462 288891 33634886 120818 120818 120818 120818 0 0 22308 378314 0.00000 265463 89995 175468 45000 20000 25000 200468 PRI LOAN - ZIMBABWE 570092 F PRI LOAN - BBL MAURITIUS 1530104 F PRI LOAN - BBL KENYA 923586 F PRI LOAN - AUSTRALIA 69127 F PRI LOAN - ZAMBIA 1540368 F PLI LOAN - MALAWI 3156 F PRI LOAN - UK 4778 F PRI LOAN - CA 9596 F PRI LOAN - DE 3538 F 4654345 0 0 X 9416312 1431318 1431318 7984994 -50821 -50821 7934173 10644589 1431318 50821 1482139 9162450 9162450 Schedule D, 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, 2017 and 2016, the Organization does not have unrelated business income. As of December 31, 2017 and 2016, management has determined that there are no material uncertain positions that require recognition in the consolidated financial statements. Schedule D, Part XI, Line 4b Other revenue amounts included on return but not on financials: Foreign exchange gain/loss $43,589 Cost of goods sold 7,232 Total $50,821 Schedule D, Part XII, Line 2d Other expense amounts included on financials but not on return: Foreign exchange gain/loss $43,589 Cost of goods Sold 7,232 Total $50,821 true Sub-Saharan Africa 4 30 Grantmaking 3217756 Sub-Saharan Africa 4 85 Program Services Social Enterprise 374796 South America 0 0 Grantmaking 337428 East Asia and the Pacific 0 0 Grantmaking 269076 8 115 8 115 4199056 4199056 Sub-Saharan Africa Implementation of BEEP Program 157281 Wire FMV Sub-Saharan Africa Implementation of BEEP and Social Enterprise 968616 Wire FMV Sub-Saharan Africa Implementation of BEEP Program 999716 Wire FMV Sub-Saharan Africa Implementation of BEEP Program 55235 Wire FMV South America Implementation of BEEP Program 337428 Wire FMV East Asia and the Pacific Implementation of BEEP Program 269076 Wire FMV Sub-Saharan Africa Implementation of BEEP Program 918500 Wire FMV Sub-Saharan Africa BEEP PROGRAM 51838 WIRE FMV Sub-Saharan Africa BEEP PROGRAM 66570 WIRE FMV 7 2 true false true false false false Procedures for Monitoring the Use of Grants Outside the 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, BUFFALO BICYCLE LIMITED, BBSA, WORLD BICYCLE RELIEF (PRIVATE) LIMITED, BUFFALO BICYCLE MALAWI, POSTOBON, ING, AND WORLD VISION GHANA. 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. X X X X true Jens Voigt Lyckallee 29b Berlin GM 14055 FUNDRAISING false 0 51275 0 0 51275 0 AL AK 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 X true true X X X X false false false false false false false false false Frederick KW Day CEO 192000 0 0 0 0 0 0 0 0 0 192000 0 0 0 David Neiswander President 229745 0 0 0 1941 0 3117 0 3634 0 238437 0 0 0 Michael Veitenhans Director Global Partnerships 169974 0 0 0 0 0 7095 0 8056 0 185125 0 0 0 Eric Showell Program Director 126237 0 0 83986 0 5160 0 17512 0 232895 0 0 0 Andrew Hall Design Engineer 92974 0 0 0 45312 0 3704 0 17512 0 159502 0 0 0 HOUSING ALLOWANCE AND RESIDENCE FOR PERSONAL USE Schedule J, Part I, Line 1a DURING THE CALENDAR YEAR 2017, ANDREW HALL, ERIC SHOWEL AND ALISHA MYERS RECEIVED THE FOLLOWING TAXABLE SERVICES: HOUSING $ 51,956 TAX SERVICES 10,525 --------- TOTAL $ 62,481 THE HOUSING ALLOWANCE PROVIDED HOUSING IN AFRICA AND TAIWAN THAT ALLOWED ERIC AND ANDREW 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 IN AFRICA AND TAIWAN 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 Schedule J, Part I, Line 1A DURING THE CALENDAR YEAR 2017, THE FOLLOWING INDIVIDUALS WERE PROVIDED TAX GROSS-UP PAYMENTS: DAVID NEISWANDER $ (1,159) ALISHA MYERS $ (14,628) ERIC SHOWELL $ 22,677 ANDREW HALL $ 2,009 Substantial Contributor Substantial Contributor 584625 Business Relationship false SRAM LLC TRUSTEES/OFFICERS 434796 Reimbursement of WBR Expenses false Substantial Contributor Substantial Contributor 183028 Business Relationship false Substantial Contributor Substantial Contributor 7500 Business Relationship false Substantial Contributor Substantial Contributor 5000 Business Relationship false BUSINESS TRANSACTIONS WITH INTERESTED PERSONS SCHEDULE L, PART IV F.K. Day, Stan Day, Michael Herr, and Brian Benzer 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 11 531722 FMV false false false PART I, COLUMN B WORLD BICYCLE RELIEF, NFP IS REPORTING THE NUMBER OF CONTRIBUTIONS RECEIVED. GENERAL INFORMATION FORM 990, PART III, LINE 1 World Bicycle Relief (WBR) mobilizes people through "The Power of Bicycles." Our mission is to improve access to health services, education, and economic opportunities in developing regions of the world where distance is a challenge. We build and distribute a rugged, specially-designed, locally-assembled bicycle to health workers, students, households, and entrepreneurs. Since 2006, we have distributed over 392,000 bicycles to individuals in 19 countries. Our programs and social enterprise have contributed to community health workers expanding patient visits by 45%, students improving school pass rates by 36%, and dairy farmers increasing incomes by 23%. We know a bicycle can't stand alone, so we support our end-users by establishing market-based bicycle value chains, community-led programming, and continuous monitoring, evaluation, and learning. End-users have access to community-based field mechanics for maintenance services and spare parts, while our programs are buttressed by WBR-supported community supervisory committees that assist with program oversight, management, and monitoring. -Education: 27,481 bicycles were provided to students, teachers and school volunteers to increase access to education and reduce travel time with a goal to improve educational outcomes. -Healthcare: 15,441 bicycles were provided to healthcare workers to reduce travel time, reach more patients and spend more time caring for each patient -- resulting in higher quality care and healthier communities. -Economic Development: 11,765 bicycles were sold to entrepreneurs, who used the bikes to increase their capacity, earn more income and improve the quality of life for their families. Over the last 12 years (through 2017), WBR has deployed more than 392,000 bicycles in 20 countries, changing 1,960,000 lives. (Based on average family size in our program countries, one bicycle is changing the lives of five people.) HOW WE DO IT With the experience and expertise gained over the last 12 years designing and delivering Buffalo Bicycles, WBR has developed an efficient, innovative and scalable model to successfully address the great need for reliable, affordable transportation in rural areas of developing countries. We are results-driven, monitoring and evaluating our programs to ensure we meet the end-user's needs. We combine philanthropic distributions with social enterprise sales to achieve greater impact. We are collaborative, working with partners who help us design and implement better programs. Our supply chain is built to be sustainable, scalable and nimble, while our Buffalo Bicycles are designed and manufactured to be strong, durable and affordable. And our local assembly and field mechanic training creates transportation infrastructure in the countries where we work. Through this model, we are helping individuals overcome transportation barriers to education, healthcare and economic development, and build better lives. ORGANIZATION'S MISSION (Continued) Form 990, Part III, Line 1 Our mission is to create access to education, healthcare, and economic opportunities in developing regions of the world where distance is a challenge. We envision a world where distance is no longer a barrier to independence and livelihood. PROGRAM SERVICES (CONTINUED) Form 990, Part III, Line 4A EDUCATION WBR'S BICYCLES FOR EDUCATIONAL EMPOWERMENT PROGRAM (BEEP), WHICH LAUNCHED IN ZAMBIA IN 2009, HELPS IMPROVE ACCESS TO BASIC EDUCATION BY PROVIDING BUFFALO BICYCLES TO STUDENTS, TEACHERS AND SCHOOL VOLUNTEERS IN RURAL AREAS OF DEVELOPING COUNTRIES. BICYCLE RECIPIENTS ARE SELECTED BASED ON DISTANCE TRAVELED AND VULNERABILITY CRITERIA ESTABLISHED BY COMMUNITY MEMBERS WHO OVERSEE THE PROGRAM. STUDENTS SIGN A STUDY-TO-OWN CONTRACT, AGREEING TO ATTEND CLASSES REGULARLY. WHEN THEY'RE NOT RIDING THE BUFFALO BICYCLE TO SCHOOL, IT'S AVAILABLE TO CARRY GOODS TO MARKET, VISIT THE HEALTHCARE CLINIC AND ACCESS WATER. THIS EMPOWERS THE HOUSEHOLD WITH A TOOL FOR DEVELOPMENT, LEADING TO INCREASED ECONOMIC OPPORTUNITY IN COMMUNITIES. TO DATE, WBR HAS DISTRIBUTED OVER 150,000 BICYCLES FOR EDUCATION, INCLUDING MORE THAN 27,000 IN 2017. A RECENT STUDY SHOWS THAT STUDENTS IN ZAMBIA WITH BUFFALO BICYCLES INCREASED THEIR ATTENDANCE BY UP TO 28% AND THEIR ACADEMIC PERFORMANCE BY UP TO 59%. HEALTHCARE According to the World Bank, more than one billion people living in rural areas lack access to all-season roads, or affordable public or private transportation options. In these communities, distance and lack of mobility hinder community health worker outreach, constrain patient-visit duration, and dampen health worker retention. With long distances separating many households from health centers, families have limited capacity to seek health services. The results are striking. For example, more than 50% of women living in rural areas of Zambia, versus 10% in urban areas, cited distance to a health facility as one of her greatest challenges in seeking medical care. In rural areas of Zimbabwe, under-five mortality rates are 50% higher than in urban areas. And women in rural communities of Indonesia are five times less likely to receive antenatal care compared to their urban counterparts. Our response To address these challenges, World Bicycle Relief (WBR) established the Wheels for Integrated and Sustainable Health (WISH) program, supported USAID and PEPFAR funded activities, and partnered with local and international organizations to provide more than 165,000 bicycles to community health workers in Kenya, Malawi, Zambia, Ghana, and Zimbabwe. By training community-based mechanics and establishing community oversight through local bicycle supervisory commitees, WBR ensures health workers receiving bicycles have sustainable access to critical preventative mainenance, repair services, spare parts, and community-led support. The results have been profound. -With a bicycle, health workers travel four times further and increase average monthly patient visits by 45%, on average; -With a two-year work-to-own incentive agreement for a bicycle, health worker retention rates exceeded 98%; and -Patient referals to health services increased up to 50%. Yet these results do not paint a complete picture. Qualitative feedback from health supervisors and health workers empahsize that time spent with each patient increases, as does the quality of care. Similarly, supervisors report that community health workers with bicycles are more motivated than workers that did not receive bicycles. And a recent study of WBR programming suggested that health workers that owned a bicycle enjoyed enhanced social status, particularly for those workers who were women and homemakers. And health workers report increased incomes by utilizing the bicycle during non-work/volunteer hours for livelihood activities. Illustrative project experience and partnerships: Malawi - WBR is collaborating with consortium partners and the Ministry of Health to implement our flagship WISH program across 10 districts in Malawi, expanding health service delivery at the community-level. Zambia - In support of the Malaria Control and Elimination Partnership in Africa, WBR is providing Buffalo Bicycles to increase diagnoses and timely treatment of malaria, as well as the distribution of insecticide treated nets. Kenya - To promote tuberculosis (TB) screening, increase patient referrals to health facilities, engage TB patients with interrupted treatment regimens, and provide home-based care to TB patients, WBR is partnering with PATH to offer reliable bicycle mobility for TB health service providers. ECONOMIC DEVELOPMENT IN AREAS OF THE DEVELOPING WORLD WHERE WALKING IS THE PRIMARY MODE OF TRANSPORTATION, DISTANCE IS A CHALLENGE TO EARNING A LIVELIHOOD. APPROXIMATELY 22% OF BUFFALO BICYCLES DISTRIBUTED IN 2017 WERE SOCIAL ENTERPRISE SALES TO ENTREPRENEURS -- LEADING TO INCREASED MARKET ACCESS AND PRODUCTIVITY, AS WELL AS IMPROVED LIVELIHOOD FOR THEIR FAMILIES AND COMMUNITIES. IN 2015, A RESEARCH CASE STUDY WAS CONDUCTED ON THE PALABANA DAIRY COOPERATIVE, WHICH BEGAN PURCHASING BUFFALO BICYCLES IN 2011 AND HAS PURCHASED 281 BICYCLES TO DATE. THROUGH THE RESEARCH, WE FOUND THAT FARMERS USING THE BUFFALO BICYCLE MADE UP TO 25% MORE DELIVERIES PER MONTH, DELIVERED 23% MORE MILK, INCREASED THEIR MONTHLY INCOME BY 23%, AND REDUCED TRAVEL TIME TO THE COOPERATIVE BY 45%. IN ADDITION, 95% OF FARMERS SURVEYED CITED USING THE BUFFALO BICYCLE TO BETTER THEIR LIVES. MAINTENANCE EVEN THE MOST ROBUST BICYCLE NEEDS REGULAR MAINTENANCE AND OCCASIONAL SPARE PARTS TO KEEP IT ROLLING OVER RUGGED TERRAIN. IT'S IMPORTANT THAT BICYCLE OWNERS HAVE ACCESS TO LOCAL, QUALIFIED REPAIR SERVICE THEY CAN COUNT ON. TO THIS END, WBR OPERATES A FIELD MECHANIC TRAINING PROGRAM. TRAINING CONSISTS OF A THREE- TO FIVE-DAY SESSION FOCUSING ON BUSINESS SKILLS AND THE PROPER ASSEMBLY, MAINTENANCE AND REPAIR OF THE BIKE. FIELD MECHANICS ENTER INTO A SERVICE-TO-OWN CONTRACT WHEREBY THEY PLEDGE TO PROVIDE REPAIR SUPPORT TO THE BICYCLES FOR EDUCATIONAL EMPOWERMENT PROGRAM (BEEP) OR OTHER INITIATIVES FOR AN AGREED PERIOD OF TIME. EACH SUCCESSFULLY TRAINED MECHANIC RECEIVES A BICYCLE, A SET OF HIGH QUALITY BICYCLE TOOLS, A UNIFORM AND MARKETING MATERIALS. TO DATE, 1,960 BICYCLE MECHANICS HAVE BENEFITED FROM TRAINING AND EMPLOYMENT, WHILE CONTRIBUTING TO THE ECONOMIC INFRASTRUCTURE OF THEIR VILLAGES. GOVERNING BODY COMMITTEES FORM 990, PART VI, 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. FAMILY RELATIONSHIPS FORM 990, PART VI, LINE 2 BOARD MEMBERS 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, 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 Executive Director 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 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. COMPENSATION REVIEW Form 990, Part VI, Line 15a 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. The data used for the comparison is taken from the 990, annual report and audited financial statements from the 10 nonprofits. The final analysis is presented to the Board of Directors of WBR and salaries are approved yearly at the January board meeting. COMPENSATION REVIEW BY INDEPENDENT PERSONS FORM 990, PART VI, LINE 15B Compensation is established for the Executive Director by the President after a thorough salary/market review. This salary/market review process was completed during the hiring process carried out in mid 2013. 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 regularly vis-a-vis other similar organizations using Form 990 data. Documentation of the compensation review is contemporaneously documented in the Human Resources files. GOVERNING DOCUMENTS AVAILABLE TO PUBLIC Form 990, Part VI, 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. OTHER CHANGES IN NET ASSETS FORM 990, PART XI, LINE 9 WBR KENYA ADJUSTMENT TO FINANCIAL STATEMENTS -$1,645 World Bicycle Relief - Australia 6 Macro Court Rowville AS VIC 3178 Bike Relief AS 501(c)(3) WBR false World Bicycle Relief - Zambia PO Box 38991 Lusaka ZA Bike Relief ZA 501(c)(3) WBR false World Bicycle Relief Deutschland GmbH Romstrasse 1 Schweinfurt GM D-97424 Bike Relief GM 501(c)(3) WBR false World Bicycle Relief Malawi Plot 21/2/35 Njewa Lilongwe MI Bike Relief MI 501(c)(3) WBR false World Bicycle Relief UK 1 St Georges Road Wimbeldon UK SW194DR Bike Relief UK 501(c)(3) WBR false World Bicycle Relief CA 255 Courtneypark Drive West Mississauga ON CA L5W 0A5 BIKE RELIEF CA 501(c)(3) WBR false WOLRD BICYCLE PRIVATE LIMITED 540 RORO CLOSE RUWA ZI ZI SOCIAL ENTERP ZI WBR TRUST C Corp -300034 1028688 1.00000 true BUFFALO BICYCLE LIMITED SUITE 405 4TH FLOOR BARKLY WARF EA PORT LOUIS MP MP BICYCLE SALES MP WBR NFP C Corp 23149 2237507 1.00000 true BUFFALO BICYCLE KENYA LIMITED LUTHER PLZ 1 FL NO 209/5447 MOI AVE Nairobi KE KE BICYCLE SALES KE WBR NFP C Corp 90119 533369 1.00000 true BUFFALO BICYCLE ZAMBIA LIMITED Plot No 2405 Kabelenga Road Lusaka ZA BICYCLE SALES ZA WBR NFP C Corp 288267 1039558 1.00000 true BUFFALO BICYCLE SOUTH AFRICA (PTY) LTD 1 SURREY PLACE TWO OCEANS HOUSE ST MOUILLE POINT SF 8005 BICYCLE SALES SF WBR NFP C Corp -2363 113725 1.00000 true BUFFALO BICYCLE MALAWI LIMITED Plot 21/2/35 Njewa Lilongwe MI BICYCLE SALES MI WBR NFP C Corp -130057 329875 1.00000 true false true false true true false false false false false false true true false true true true true true Buffalo Bicycle Limited Mauritius o 200004 Cash Buffalo Bicycle Kenya b 999716 Cash Buffalo Bicycle Zambia b 157281 Cash Buffalo Bicycle Limited Mauritius b 2339385 Cash Buffalo Bicycle South AFrica b 105868 Cash World Bicycle Relief Zimbabwe b 79616 Cash PRI Loan - Zimbabwe d 570092 FMV PRI Loan - BBL Mauritius d 1530104 FMV PRI Loan - BBL Kenya d 923586 FMV PRI Loan - Australia d 69127 FMV PRI Loan - Zambia d 1540368 FMV