Bicycle Angels Inc
- Assets
- $52.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redondo Beach, CA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 27-2636721
Organization Overview
Bicycle Angels Inc is located in Redondo Beach, CA. The organization was established in 2013. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bicycle Angels Inc 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 12/2021, Bicycle Angels Inc generated $48.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $58.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
FOR 2021, BORROWERS OF OUR ROAD BIKES RAISED $201,000 IN DIRECT SUPPORT OF CHARITIES SUCH AS AIDS LIFE CYCLE AND LEUKEMIA AND LYMPHOMA SOCIETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David K Gold President | 10 | $0 | |
Manuel Paliungas Vice President | 10 | $0 | |
Maryam Kaissi Treasurer | 10 | $0 | |
Gillian Waldenfels Secretary | 2 | $0 | |
Sharon Wong Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,830 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $7,937 |
| Net Income from Gaming & Fundraising | $540 |
| Other Revenue | $8,055 |
| Total Revenue | $48,365 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $27,419 |
| Printing, publications, postage, and shipping | $1,230 |
| Other expenses | $29,168 |
| Total expenses | $58,817 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,055 |
| Other assets | $0 |
| Total assets | $52,055 |
| Total liabilities | $29,500 |
| Net assets or fund balances | $22,555 |