Phoenix Bikes
- Assets
- $420.5k
- Revenue
- $507.3k
- Investments
- $0.0
- Employees
- 17
- Location
- Arlington, VA
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 20-8842260
Organization Overview
Phoenix Bikes is located in Arlington, VA. 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. As of 12/2021, Phoenix Bikes employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Bikes 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 12/2021, Phoenix Bikes generated $507.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $416.8k during the year ending 12/2021. While expenses have increased by 4.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARNESSING THE POWER OF BIKES TO HELP YOUTH BUILD PASSION, PURPOSE AND A PLACE IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH AND COMMUNITY PROGRAMS: THROUGH AFTERSCHOOL AND SUMMER PROGRAMS, WE TAUGHT BIKE MECHANICS, RIDING AND RACING SKILLS TO YOUTH IN 6TH - 12TH GRADE, EMPOWERING THEM WITH PRACTICAL SKILLS AND CONFIDENCE TO TAKE INTO THEIR FUTURES. IN 2021, 220 STUDENTS SPENT OVER 3,000 HOURS LEARNING AND VOLUNTEERING IN OUR PROGRAMS. THIS INCLUDED 79 STUDENTS WHO COMPLETED OUR FOUNDATIONAL EARN-A-BIKE PROGRAM IN WHICH THEY LEARNED THE BASICS OF BICYCLE REPAIR, PRACTICED THEIR SKILLS BY FIXING A TOTAL OF 55 BIKES TO DONATE TO COMMUNITY MEMBERS IN NEED, AND REFURBISHED A BIKE TO KEEP. STUDENTS ALSO RODE NEARLY 3,000 MILES IN 26 GROUP RIDES AND ENJOYED COMPETING IN 18 RACES.
JOB TRAINING AND SHOP OPERATIONS: THE BIKE SHOP SERVES AS A VENUE FOR TEACHING YOUTH BASIC BUSINESS AND JOB SKILLS, INCLUDING CUSTOMER SERVICE AND THE ECONOMICS OF BICYCLE REPAIR AND SALES. THROUGH OUR FULL-SERVICE BIKE SHOP, WE WORKED HARD TO KEEP BIKING ACCESSIBLE TO ALL BY OFFERING ONE OF THE MOST AFFORDABLE SELECTIONS OF BOTH USED BIKES AND BIKE PARTS IN THE DC METRO AREA AND BY PROVIDING LOW-COST, HIGH QUALITY CUSTOMER REPAIRS. OUR TEAM REPAIRED OVER 900 BIKES FOR COMMUNITY MEMBERS AND REFURBISHED AND SOLD NEARLY 400 DONATED BIKES, KEEPING THEM OUT OF LANDFILLS AND ON AREA BIKE TRAILS AND ROADS INSTEAD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Gage Executive Director | OfficerTrustee | 40 | $76,008 |
Megan Jones Chair | OfficerTrustee | 4.2 | $0 |
Deirdre Mullaly Vice Chair | OfficerTrustee | 0.5 | $0 |
Joseph Corbett Treasurer | OfficerTrustee | 1.4 | $0 |
Samantha Brann Secretary | OfficerTrustee | 0.2 | $0 |
Frank Bate Member Through Dec 2021 | Trustee | 0.9 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $128,759 |
| Related organizations | $0 |
| Government grants | $54,278 |
| All other contributions, gifts, grants, and similar amounts not included above | $303,418 |
| Noncash contributions included in lines 1a–1f | $136,455 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $486,455 |
| Total Program Service Revenue | $0 |
| Investment income | $771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $11,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $507,320 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,008 |
| Compensation of current officers, directors, key employees. | $22,802 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $211,170 |
| Pension plan accruals and contributions | $1,291 |
| Other employee benefits | $6,455 |
| Payroll taxes | $22,020 |
| Fees for services: Management | $740 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,609 |
| Advertising and promotion | $16 |
| Office expenses | $903 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,297 |
| Insurance | $15,949 |
| All other expenses | $18,410 |
| Total functional expenses | $416,840 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,606 |
| Savings and temporary cash investments | $166,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $127,389 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $420,519 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,401 |
| Total liabilities | $11,401 |
| Net assets without donor restrictions | $408,536 |
| Net assets with donor restrictions | $582 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $420,519 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phoenix Bikes has recieved totaling $750.
| Awarding Organization | Amount |
|---|---|
Neil Schlussel Family Foundation Annandale, VA PURPOSE: HELP STUDENTS DEVELOP MECHANICAL SKILLS | $750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cypress Of Raleigh Club Inc Raleigh, NC | $8,631,439 | $17,789,795 |
Southeastern Virginia Areawide Model Program Inc Norfolk, VA | $2,843,692 | $8,738,729 |
Metropolitan Richmond Sports Backers Inc Richmond, VA | $2,872,546 | $6,713,495 |
Big South Conference Inc Charlotte, NC | $10,241,548 | $8,654,912 |
Cleveland County Family Ymca Inc Shelby, NC | $16,549,563 | $5,509,175 |
Charlotte City Club Inc Charlotte, NC | $14,589,819 | $3,286,480 |
Sport And Entertainment Corporation Of Maryland Baltimore, MD | $53,419 | $1,410,259 |
Marlins Of Raleigh Raleigh, NC | $1,167,559 | $2,085,324 |
Bike To The Beach Washington, DC | $0 | $1,888,538 |
A H R M A Elora, TN | $355,476 | $1,651,108 |
American Recreation Coalition Washington, DC | $671,840 | $1,140,717 |
Williamsport Volunteer Fire And Emergency Medical Services Inc Williamsport, MD | $4,234,781 | $1,522,798 |