Neighborhood Bike Works
- Assets
- $622.9k
- Revenue
- $620.2k
- Investments
- $0.0
- Employees
- 8
- Location
- Philadelphia, PA
- Founding
- 10/2000
- Data as of
- 06/2023
- EIN
- 23-3012779
Organization Overview
Neighborhood Bike Works is located in Philadelphia, PA. The organization was established in 2000. According to its NTEE Classification (O20) the organization is classified as: Youth Centers & Clubs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Neighborhood Bike Works employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Bike Works 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 06/2023, Neighborhood Bike Works generated $620.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $479.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD BIKE WORKS INSPIRES YOUTH AND STRENGTHENS PHILADELPHIA COMMUNITIES BY PROVIDING EQUITABLE ACCESS TO BICYCLING AND BIKE REPAIR THROUGH EDUCATION, RECREATION, LEADERSHIP AND CAREER-BUILDING OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD BIKE WORKS PROVIDED OUT-OF-SCHOOL ACTIVITIES TO 150 UNIQUE YOUTHS IN PHILADELPHIA THROUGH BIKE RIDING AND BIKE REPAID PROGRAMMING THAT BUILDS CONFIDENCE AND LIFE SKILLS. YOUTH AGES 8 TO 18 LEARN BASIC BIKE REPAIR SKILLS AND SAFE URBAN BICYCLING TECHNIQUES THROUGH OUR EARN-A-BIKE AND RIDE CLUB PROGRAMS, DROP-IN SESSIONS, SUMMER CAMP, AND MONTHLY GROUP BIKE RIDES. ADDITIONALLY, THROUGH OUR RIDE CLUB AND SUMMER CAMP, YOUTH WERE EXPOSED TO THE REGION'S CIRCUT TRAILS AND WERE EXPOSED TO WATERSHED EDUCATION TOPICS. IN TOTAL, THROUGHOUT THE FISCAL YEAR, YOUTH PARTICIPANTS RODE THEIR BIKE ALMOST 6,000 MILES IN NBW'S PROGRAMS. NBW ALSO PROVIDED DISCOUNTED RETAIL AND REPAIR SERVICES TO ALMOST 4,000 ADULT PATRONS IN THE FISCAL YEAR THROUGH ITS PART-TIME BIKE SHOP. NBW HOSTED OPEN SHOP "DIY" TIME IN WHICH ADULT PATRONS CAN UTILIZE NBW'S SPACE AND SPECIALTY TOOLS TO PERFORM THEIR OWN REPAIRS AT NO COST TO THEM, WITH EXPERT FACILITATORS ON HAND TO PROVIDE GUIDANCE; DURING FISCAL YEAR 2023 ALMOST 600 ADULTS VISTED BETWEEN OCTOBER-JUNE. NBW ALSO TAUGHT STRUCTURED ADULT REPAIR CLASSES IN WHICH ADULTS ARE INSTRUCTED THROUGH A BIKE REPAIR CURRICULUM AND CAN RECEIVE ONE-ON-ONE SUPPORT TO BUILD THEIR SKILLS; ALMOST 60 ADULTS GRADUATED FROM ADULT REPAIR CLASSES LAST FICAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Day West Executive D | Officer | 40 | $71,156 |
Mitchell Arch Treasurer | OfficerTrustee | 2 | $0 |
Patricia Bakely President | OfficerTrustee | 2 | $0 |
Eugene Cain Vice Preside | OfficerTrustee | 2 | $0 |
Seth Fishman Board Member | Trustee | 2 | $0 |
Trey Gannon Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,946 |
| All other contributions, gifts, grants, and similar amounts not included above | $507,858 |
| Noncash contributions included in lines 1a–1f | $35,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $528,804 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,163 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $84,430 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $620,172 |
| 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. | $71,156 |
| Compensation of current officers, directors, key employees. | $13,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,425 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,261 |
| Payroll taxes | $13,828 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $76 |
| Advertising and promotion | $798 |
| Office expenses | $5,630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,437 |
| 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 | $3,502 |
| Insurance | $16,235 |
| All other expenses | $3,466 |
| Total functional expenses | $479,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,935 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $188,722 |
| Accounts receivable, net | $2,300 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,000 |
| Prepaid expenses and deferred charges | $1,710 |
| Net Land, buildings, and equipment | $8,222 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,998 |
| Total assets | $622,887 |
| Accounts payable and accrued expenses | $8,411 |
| 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 | $122,065 |
| Total liabilities | $130,476 |
| Net assets without donor restrictions | $303,689 |
| Net assets with donor restrictions | $188,722 |
| 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 | $622,887 |