Project Bike Tech
- Assets
- $50.1k
- Revenue
- $652.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Frisco, CO
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-2180378
Organization Overview
Project Bike Tech is located in Frisco, CO. The organization was established in 2009. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 12/2022, Project Bike Tech employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Bike Tech 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, Project Bike Tech generated $652.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $619.9k during the year ending 12/2022. While expenses have increased by 18.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROJECT BIKE TECH IS AN INNOVATIVE LEADER IN PROVIDING ACCREDITED TECHNICAL TRAINING TO HIGH SCHOOLS, WHICH EMPOWERS A DIVERSE RANGE OF STUDENTS TO DISCOVER CAREERS AND EDUCATIONAL OPPORTUNITIES WITHIN THE BICYCLE INDUSTRY AND BEYOND. PBTS ACCREDITED CURRICULUM PROVIDES UNIQUE EXPERIENTIAL LEARNING IN PROBLEM SOLVING, STEM AND OTHER KEY ACADEMIC CONCEPTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIKE TECH IN SCHOOL: (1) PROJECT BIKE TECH (PBT) HAS SERVED MORE THAN 3000 STUDENTS OVER THE LAST 15 YEARS. IN 2022, PBT EXPANDED IN 3 NEW STATES, FOR A TOTAL OF 12 STATES AND ADDED 8 NEW SCHOOLS TO REACH APPROXIMATELY 1000 STUDENTS EACH YEAR. (2) THE PBT IN SCHOOLS PROGRAM PROVIDES THE CURRICULUM TO BETTER PREPARE STUDENTS WITH CAREER TECHNICAL EDUCATION, PATHWAYS, AND CONTENT. PBT CONTINUALY IMPROVES THE COURSE CONTENT TO HELP "MAKE" STUDENTS JOB-READY IN THE BICYCLE INDUSTRY AND IN OTHER CAREERS WHERE AN UNDERSTANDING OF ENGINEER AND MATHEMATICS IS ESSENTIAL TO CAREER DEVELOPMENT. (3)PBT HAS SUCCESSFULLY ESTABLISHED AND MAINTAINED BICYCLE EDUCATION PROGRAMS FOR STUDENTS IN SANTA CRUZ COUNTY CA SCHOOLS AND 4 NEW SCHOOLS (MOAB UT, ST.PAUL MN, LYNDON VT,AND SUMMIT CO). THE PROGRAM OFFERS STUDENTS CTE COURSE OF STUDY TO HELP PREPARE THEM FOR COLLEGE AND THEIR FUTURE CAREER WHILE ALSO EXPOSING THEM TO A POSITIVE BICYCLE CULTURE AND THE IDEAS FOR COMMUNITY STEWARDSHIP (FOR EXAMPLE, SHARE THE ROAD KNOWLEDGE AND TRAIL BUILDING SKILLS). PBT ADVOCATES GREEN CAREERS.
EXPANSION: LEVEL 2 AND EBIKE CURRICULUM; APPRENTICESHIPS, INTERNSHIPS, AND APPROVED CURRICULUM DEVELOPMENT TO DIPICT STREAMS AND CORE. EXPANDING TO MIDDLE SCHOOLS AND JR COLLEGES - CREATING PATHWAYS ALL WHILE EXPANDING THE BIKE TECH CLASSES TO NEW SCHOOLS NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Nordmeyer Treasurer | OfficerTrustee | 10 | $0 |
Channing Nuss President | OfficerTrustee | 15 | $0 |
Bill Best Secretary | OfficerTrustee | 10 | $0 |
Berri Michel Founder&member | OfficerTrustee | 2 | $0 |
Mercedes Ross Executive Director | Officer | 40 | $0 |
Doug Emerson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $247 |
| Membership dues | $0 |
| Fundraising events | $962 |
| Related organizations | $0 |
| Government grants | $209,175 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $285,780 |
| Total Program Service Revenue | $366,467 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $652,247 |
| 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. | $114,399 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,652 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,274 |
| Payroll taxes | $17,129 |
| Fees for services: Management | $92,597 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,009 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $17,268 |
| Information technology | $4,262 |
| Royalties | $0 |
| Occupancy | $10,630 |
| Travel | $31,135 |
| 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 | $0 |
| Insurance | $3,016 |
| All other expenses | $0 |
| Total functional expenses | $619,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,147 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $50,147 |
| 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 | $37,208 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,208 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $12,939 |
| Total liabilities and net assets/fund balances | $50,147 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Project Bike Tech has recieved totaling $173,101.
| Awarding Organization | Amount |
|---|---|
Catena Foundation Carbondale, CO PURPOSE: TRAILS & YOUTH CYCLING- TEACHING BIKE MECHANIC SKILLS TO AMERICA'S NEEDIEST HIGH SCHOOL STUDENTS IN THE FOUR CORNERS AREA; LAUNCHING FOUR PROJECT BIKE TECH CLASSROOMS IN 2021 | $148,000 |
Team Evergreen Cycling Evergreen, CO PURPOSE: General Support | $15,000 |
Peopleforbikes Coalition Ltd Boulder, CO PURPOSE: GENERAL BICYCLING GRANT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $101 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
E-Institute Charter School Inc Glendale, AZ | $5,349,223 | $5,255,212 |
Calibre Academy Inc Glendale, AZ | $11,926,641 | $5,251,509 |
National Tactical Officers Association Colorado Springs, CO | $2,706,085 | $5,194,177 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
Phoenix Advantage Charter School Inc Phoenix, AZ | $6,755,365 | $3,116,244 |
Phoenix Electrical Joint Apprentice Phoenix Electrical Jatc Phoenix, AZ | $4,412,540 | $2,803,769 |
Park City Education Foundation Park City, UT | $4,266,324 | $3,020,794 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |
Big Brothers-Big Sisters Of Utah Inc Salt Lake City, UT | $1,937,672 | $2,352,525 |
Cosanti Foundation Mayer, AZ | $6,295,849 | $1,833,941 |
Rolf Institute Boulder, CO | $848,027 | $1,976,824 |
Independent Electrical Contractors Inc Colorado Springs, CO | $945,690 | $1,262,960 |