Phoenix Bikes
- Assets
- $477.7k
- Revenue
- $639.7k
- Investments
- $0.0
- Employees
- 23
- Location
- Arlington, VA
- Founding
- 06/2008
- Data as of
- 12/2022
- 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 12/2022, Phoenix Bikes employed 23 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 12/2022, Phoenix Bikes generated $639.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $576.8k during the year ending 12/2022. While expenses have increased by 11.2% per year over the past 5 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
2022
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 2022, 388 STUDENTS SPENT OVER 6,400 HOURS LEARNING AND VOLUNTEERING IN OUR PROGRAMS. THIS INCLUDED 144 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 154 BIKES TO DONATE TO COMMUNITY MEMBERS IN NEED, AND REFURBISHED A BIKE TO KEEP. STUDENTS ALSO RODE NEARLY 2,400 MILES IN 37 GROUP RIDES AND ENJOYED COMPETING IN 15 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. IN ADDITION TO TRAINING YOUTH VOLUNTEERS, WE TRAINED FIVE PAID HIGH SCHOOL INTERNS WHO HELPED RUN OUR FULL-SERVICE BIKE SHOP. IN THE 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 800 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Gage Executive Director | OfficerTrustee | 40 | $76,375 |
Megan Jones Chair | OfficerTrustee | 1.5 | $0 |
Deirdre Mullaly Vice Chair | OfficerTrustee | 0.5 | $0 |
Joseph Corbett Treasurer | OfficerTrustee | 0.5 | $0 |
Samantha Brann Secretary | OfficerTrustee | 0.5 | $0 |
Stephen Claeys Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $152,966 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,549 |
| Noncash contributions included in lines 1a–1f | $174,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $558,515 |
| Total Program Service Revenue | $0 |
| Investment income | $17 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,726 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,083 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $639,677 |
| 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. | $76,375 |
| Compensation of current officers, directors, key employees. | $22,912 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $264,731 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,159 |
| Payroll taxes | $26,338 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,301 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,914 |
| Advertising and promotion | $0 |
| Office expenses | $2,556 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,442 |
| Travel | $1,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,151 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,348 |
| Insurance | $17,387 |
| All other expenses | $117,419 |
| Total functional expenses | $576,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,511 |
| Savings and temporary cash investments | $166,541 |
| 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 | $520 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $112,041 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,062 |
| Total assets | $477,675 |
| 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 | $5,630 |
| Total liabilities | $5,630 |
| Net assets without donor restrictions | $457,045 |
| Net assets with donor restrictions | $15,000 |
| 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 | $477,675 |