Nice Ride Minnesota is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nice Ride Minnesota 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, Nice Ride Minnesota generated $208.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (26.0%) each year. All expenses for the organization totaled $769.9k during the year ending 12/2023. 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
TO ENHANCE QUALITY OF LIFE BY PROVIDING CONVENIENT, EASY-TO-USE BIKE SHARING AND FLEET PROGRAMS THAT WILL PROVIDE RESIDENTS AND VISITORS A HEALTHY, FUN, DIFFERENT WAY TO GET AROUND TOWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, NICE RIDE MINNESOTA'S PRIMARY PROGRAM WAS OVERSIGHT OF A PUBLIC BIKE SHARING SYSTEM, WHICH CREATES A SIMPLE, LOW-COST ALTERNATIVE TRANSPORTATION SOLUTION TO INCREASE PHYSICAL ACTIVITY LEVELS, REDUCE CONGESTION, REDUCE DEPENDENCE ON FOSSIL FUELS AND AUTO EMISSIONS, AND ENHANCE URBAN VITALITY. THE SYSTEM COMPLEMENTED PUBLIC TRANSIT AND CAR-SHARING PROGRAMS, PROVIDING GREATER TRANSPORTATION CHOICES. PRIOR TO JULY 2, 2018, NICE RIDE MINNESOTA OWNED AND OPERATED THE SYSTEM, WHICH INCLUDED 201 STATIONS AND 1,850 BICYCLES. IN 2018, NICE RIDE MINNESOTA BEGAN A TRANSITION. DURING THE TRANSITION PERIOD (UNTIL THE END OF OUR GRANT-FUNDED CONTRACT WITH THE CITY OF MINNEAPOLIS IN AUGUST 2021), NICE RIDE REMAINED THE EXCLUSIVE LICENSEE OF CITY OF MINNEAPOLIS AND WAS AUTHORIZED TO CONTRACT WITH MOTIVATE MINNESOTA LLC (SELECTED THROUGH A PUBLIC SOLICITATION) TO OPERATE THE SYSTEM. MOTIVATE MINNESOTA LLC SUBSEQUENTLY MERGED INTO LYFT BIKES & SCOOTERS. THROUGH OVERSIGHT OF THIS CONTRACT, NICE RIDE MINNESOTA MET OBJECTIVES FOR QUALITY, RELIABILITY, EQUITY, AND ORDER IN THE RIGHT-OF-WAY AS SET FORTH IN THE 2018 UPDATE TO NONPROFIT BUSINESS PLAN. LYFT ALSO DELIVERED A SUBSTANTIAL E-BIKE EXPANSION PURSUANT TO A MASTER PLANNING PROCESS. BECAUSE NICE RIDE MINNESOTA NO LONGER EMPLOYED AN OPERATIONS STAFF OR RAISED FUNDS TO PURCHASE NEW EQUIPMENT, THIS TRANSITION HAD A MAJOR IMPACT ON OUR FINANCIAL STATEMENTS. UNTIL SPRING OF 2023, NICE RIDE MINNESOTA CONTINUED TO OWN THE OLD GRANT-FUNDED EQUIPMENT. REVENUE FROM THAT EQUIPMENT AND THE OPERATING FEE FOR THAT SYSTEM ARE REFLECTED IN NICE RIDE MINNESOTA'S FINANCIALS. ANCILLARY TO THIS OVERSIGHT WORK, NICE RIDE ENGAGED IN ADVOCACY, SEEKING TO SHARE THE RESULTS OF ITS TRANSITION AGREEMENTS WITH OTHER CITIES AND NONPROFITS AS AN EXAMPLE AND TO ADVOCATE FOR JOINT ACTION BY RIGHT OF WAY OWNERS TO CONTRACT WITH PRIVATELY-FUNDED SHARED MOBILITY SERVICES IN WAYS THAT WILL ACHIEVE PUBLIC GOALS. FOR MORE INFORMATION AND COPIES OF OUR UPDATED BUSINESS PLAN AND CONTRACTS, SEE: HTTPS://MANAGESHAREDMOBILITYMN.ORG/HISTORY.THE GRANT-FUNDED AGREEMENTS THAT FUNDED NICE RIDE MINNESOTA EXPIRED IN 2021, MARKING THE END OF THE TWELVE-YEAR PILOT PROJECT. LYFT BIKES & SCOOTERS LLC WAS A DIRECT LICENSEE OF THE CITY OF MINNEAPOLIS IN 2022 AND OPERATED OUR AGING GRANT-FUNDED EQUIPMENT FOR US PURSUANT TO A PROGRAM AGREEMENT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Bixby President | OfficerTrustee | 5 | $0 |
Michael Laux Treasurer | OfficerTrustee | 5 | $0 |
Jim Van Iwaarden Secretary | OfficerTrustee | 5 | $0 |
Lisa Austin Director | Trustee | 2 | $0 |
Rt Rybak Director | Trustee | 2 | $0 |
Steve Sanders Director | Trustee | 2 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $32,917 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $167,640 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $208,340 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $668,581 |
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. | $18,975 |
Compensation of current officers, directors, key employees. | $18,975 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $3,021 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $42,386 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $10,918 |
Advertising and promotion | $0 |
Office expenses | $3,431 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $13,053 |
Travel | $350 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $660 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,527 |
All other expenses | $0 |
Total functional expenses | $769,902 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
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 | $0 |
Total liabilities | $0 |
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 | $0 |
Total liabilities and net assets/fund balances | $0 |
Over the last fiscal year, Nice Ride Minnesota has awarded $668,581 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
GREAT PLAINS INSTITUTE PURPOSE: PURSUANT TO A DIRECTED GIVING AGREEMENT | $643,811 |
FREE BIKES 4 KIDZ PURPOSE: TO BE USED IN GENERAL PROGRAMS | $7,770 |
CITY OF MINNEAPOLIS PURPOSE: FOR THE CITY TO USE | $17,000 |