We-Cycle
- Assets
- $1.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Basalt, CO
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 36-4679302
Organization Overview
We-Cycle is located in Basalt, CO. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, We-Cycle employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We-Cycle 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, We-Cycle generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.6m during the year ending 12/2022. While expenses have increased by 22.8% 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
WE-CYCLE'S MISSION IS TO CONNECT PEOPLE TO PLACE WITH COMMUNITY-SUPPORTED BIKE SHARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE-CYCLE IS DESIGNED AS A FIRST/LAST MILE TRANSIT OPTION TO COMPLEMENT THE ROARING FORK VALLEY'S EXTENSIVE BUS SERVICE AND TO PROVIDE A CONVENIENT IN AND AROUND TOWN MODE OF TRAVEL. IN 2022, WE-CYCLE OPERATED IN THE FOLLOWING COLORADO JURISDICTIONS: CITY OF ASPEN, TOWN OF BASALT, TOWN OF SNOWMASS VILLAGE, PITKIN COUNTY, AND EAGLE COUNTY. IN 2022, WE-CYCLE OPERATED 54 STATIONS AND 278 BIKES DELIVERING A TOTAL OF 91,709 RIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Miracle Vice-Chair | OfficerTrustee | 0.3 | $0 |
Richard Rosenfeld Chair/treasurer | OfficerTrustee | 0.3 | $0 |
Darryl Fuller Executive Committee Member | OfficerTrustee | 0.3 | $0 |
Mirte Mallory Executive Director | Trustee | 50 | $120,789 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,229,907 |
| All other contributions, gifts, grants, and similar amounts not included above | $205,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,435,389 |
| Total Program Service Revenue | $246,621 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,502 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,675,508 |
| 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. | $120,789 |
| Compensation of current officers, directors, key employees. | $14,495 |
| Compensation to disqualified persons | $433,188 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $8,563 |
| Other employee benefits | $45,734 |
| Payroll taxes | $38,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $88,829 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,139 |
| Advertising and promotion | $24,419 |
| Office expenses | $19,682 |
| Information technology | $23,768 |
| Royalties | $0 |
| Occupancy | $8,313 |
| Travel | $8,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,579 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,745 |
| Insurance | $20,439 |
| All other expenses | $0 |
| Total functional expenses | $1,551,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $818,529 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $287,210 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,774 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $574,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,712 |
| Other assets | $31,775 |
| Total assets | $1,790,927 |
| Accounts payable and accrued expenses | $55,401 |
| Grants payable | $0 |
| Deferred revenue | $481,041 |
| 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 | $26,448 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $185,705 |
| Total liabilities | $748,595 |
| Net assets without donor restrictions | $1,042,332 |
| 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 | $1,790,927 |