Humble Sons Bike Company
- Assets
- $4.8m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Broken Arrow, OK
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-2582629
Organization Overview
Humble Sons Bike Company is located in Broken Arrow, OK. The organization was established in 2009. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humble Sons Bike Company 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 12/2023, Humble Sons Bike Company generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $996.8k during the year ending 12/2023. While expenses have increased by 27.6% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING CONFIDENT CYCLISTS AND GREAT TULSANS THROUGH COMMUNITY ENGAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFTER-SCHOOL PROGRAM IN 34 TULSA PUBLIC SCHOOLS THAT PROVIDES MENTORSHIP AND SKILL DEVELOPMENT.IN-SCHOOL PE PROGRAM IN 20 TULSA PUBLIC SCHOOLS THAT TEACHES 4 UNITS OF BICYCLE SAFETY TO 3RD GRADE STUDENTS.OUT-OF-SCHOOL TIME WEEKLONG YOUTH CYCLING CAMPS HELD OVER SPRING/FALL/SUMMER BREAKS. IN ADDITION TO TRAIL DEVELOPMENT AND MAINTENANCE THAT PROVIDE SAFE PLACES FOR CAMPERS TO DEVELOP THEIR SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Whorton Executive Director | OfficerTrustee | 25 | $55,833 |
Susan Mccalman Board - President | OfficerTrustee | 0 | $0 |
Lucy Dolman Board - Vice President | OfficerTrustee | 0 | $0 |
Gabrielle Platt Board - Secretary | OfficerTrustee | 0 | $0 |
Justin Langston Board - Treasurer | OfficerTrustee | 0 | $0 |
Lucky Lamons Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,734,393 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,734,393 |
| Total Program Service Revenue | $15,386 |
| Investment income | $23,971 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $114,087 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,887,837 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,400 |
| Payroll taxes | $21,477 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,337 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,220 |
| Advertising and promotion | $0 |
| Office expenses | $2,046 |
| Information technology | $1,185 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,983 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,238 |
| All other expenses | $82,205 |
| Total functional expenses | $996,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $616,269 |
| 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 | $34,800 |
| Investments—publicly traded securities | $4,158,341 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,809,410 |
| 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 | $12,277 |
| Total liabilities | $12,277 |
| 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 | $4,797,133 |
| Total liabilities and net assets/fund balances | $4,809,410 |