Worcester Earn A Bike Inc
- Assets
- $37.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 20-3185694
Organization Overview
Worcester Earn A Bike Inc is located in Worcester, MA. The organization was established in 2008. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Earn A Bike Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Worcester Earn A Bike Inc generated $25.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $26.9k during the year ending 12/2022. While expenses have increased by 16.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WORCESTER EARNABIKE'S SHOP TEACHES BICYCLE REPAIR SKILLS AND SAFETY TO COMMUNITY YOUTH, GIVING THE OPPORTUNITY TO EARN A BIKE BY HELPING IN THE SHOP AND TEACHING WHILE LEARNING. SOME DONATED BIKES ARE SOLD. DONATED BIKES AND PARTS ARE RECYCLED INTO THE COMMUNITY OR AS SCRAP WHENEVER FEASIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Negron Vice President | 1 | $0 | |
Kim L Mccoy Treasurer | 3 | $0 | |
Brian Monteverd President | 10 | $0 | |
Stacie Brimmage Clerk | 1 | $0 | |
Elliot Rivera Director | 1 | $0 | |
Jonathan Marien Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,739 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $25,739 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,989 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $12,000 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $3,871 |
| Total expenses | $26,860 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,251 |
| Other assets | $0 |
| Total assets | $37,021 |
| Total liabilities | $1,263 |
| Net assets or fund balances | $35,758 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Worcester Earn A Bike Inc has recieved totaling $38.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Public High School Athletic Association Inc Farmingville, NY | $1,517,240 | $5,856,622 |
Bike New York Inc New York, NY | $4,166,926 | $2,379,962 |
Project Adventure Inc Beverly, MA | $1,895,624 | $4,703,745 |
Innercity Weightlifting Inc Boston, MA | $3,964,091 | $4,030,474 |
Baker Hill Golf Club Newbury, NH | $15,770,767 | $2,524,195 |
Doc Wayne Youth Services Inc Boston, MA | $1,355,215 | $2,243,484 |
Park Housing Development Fund Company Inc Flushing, NY | $4,600,496 | $988,773 |
Underground Bowling Association Inc Freeport, NY | $128,797 | $1,189,863 |
Larchmont Manor Park Society Larchmont, NY | $1,812,856 | $1,373,581 |
Atlantic Hockey Association Inc Winthrop, MA | $457,452 | $1,032,133 |
Vermont Atv Sportsmans Association Inc Barre, VT | $867,519 | $1,211,642 |
Niagara Frontier Junior Hockey Club Inc Grand Island, NY | $406,318 | $910,051 |