Slc Bike Share
- Assets
- $2.4m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Salt Lake City, UT
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-3547978
Organization Overview
Slc Bike Share is located in Salt Lake City, UT. The organization was established in 2012. 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. As of 12/2021, Slc Bike Share employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Slc Bike Share 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, Slc Bike Share generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ALTERNATIVE ENVIRONMENTALLY RESPONSIBLE TRANSPORTATION TO DOWNTOWN TRAVELERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS AN URBAN TRANSPORTATION SOLUTION THAT LETS THE PUBLIC ACCESS BIKES FROM A NETWORK OF AUTOMATED STATIONS. THE ORGANIZATION CONNECTS DOWNTOWN SALT LAKE CITY, UTAH OFFICE WORKERS, VISITORS AND RESIDENTS WITH NEARBY EMPLOYMENT CENTERS, MAJOR TRANSIT STOPS AND POPULAR DESTINATIONS FOR FOOD, DRINK, AND ENTERTAINMENT. THE MANY BENEFITS OF BIKE SHARING RANGE FROM HEALTH, AIR QUALITY IMPROVEMENTS, AND QUALITY OF LIFE IMPROVEMENTS TO INCREASING TRANSIT RIDERSHIP. THE ORGANIZATION ADDITIONALLY SERVES AS A MECHANISM FOR INCENTIVIZING INFILL DEVELOPMENT, REDUCING TRAFFIC CONGESTION AND SAVING PUBLIC DOLLARS BY EXTENDING THE ROADWAY LIFE CYCLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Bolte Executive Director | Officer | 2 | $114,215 |
Matt Sibul Chair | OfficerTrustee | 2 | $0 |
Amanda Smith Vice Chair | OfficerTrustee | 2 | $0 |
Manjeet Ranu Member | Trustee | 2 | $0 |
Laura Hanson Member | Trustee | 2 | $0 |
Greg Reid Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $520,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $666,092 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,186,092 |
| Total Program Service Revenue | $134,705 |
| Investment income | $49 |
| 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 | $1,515,627 |
| 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. | $114,215 |
| Compensation of current officers, directors, key employees. | $20,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $377,413 |
| Pension plan accruals and contributions | $10,854 |
| Other employee benefits | $40,124 |
| Payroll taxes | $38,794 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,978 |
| Advertising and promotion | $31,937 |
| Office expenses | $21,067 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,861 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,907 |
| Insurance | $36,798 |
| All other expenses | $14,451 |
| Total functional expenses | $1,292,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $894,043 |
| 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 | $27,107 |
| Net Land, buildings, and equipment | $861,270 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,432,275 |
| Accounts payable and accrued expenses | $22,231 |
| Grants payable | $0 |
| Deferred revenue | $5,919 |
| 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 | $29,802 |
| Total liabilities | $57,952 |
| Net assets without donor restrictions | $1,973,080 |
| Net assets with donor restrictions | $401,243 |
| 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 | $2,432,275 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Slc Bike Share has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Selecthealth Inc Murray, UT PURPOSE: COMMUNITY HEALTH IMPROVEMENT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Nevada Transit Coalition Laughlin, NV | $5,171,889 | $6,502,624 |
Treasure Valley Transit Inc Nampa, ID | $4,932,802 | $4,649,764 |
Aprender Tucson Tucson, AZ | $1,356,788 | $3,497,348 |
Slc Bike Share Salt Lake City, UT | $2,432,275 | $1,515,627 |
Clean Energy Economy For The Region Carbondale, CO | $528,483 | $1,129,621 |
Denver South Transportation Management Association Englewood, CO | $1,827,228 | $1,266,760 |
Boulder Bike Sharing Boulder, CO | $22,696 | $325,322 |
Colorado Association Of Transit Agencies Denver, CO | $286,575 | $708,186 |
Aspen Business Center Foundation Aspen, CO | $3,349,357 | $2,822,248 |
Yavapai Regional Transit Inc Chino Valley, AZ | $369,166 | $396,046 |
Arizona Transit Association Phoenix, AZ | $83,307 | $293,389 |
Wyoming Public Transit Association Evanston, WY | $67,721 | $0 |