Gearin Up Bicycles
- Assets
- $27.9k
- Revenue
- $371.9k
- Investments
- $0.0
- Employees
- 11
- Location
- Washington, DC
- Founding
- 04/2013
- Data as of
- 12/2022
- EIN
- 45-4857730
Organization Overview
Gearin Up Bicycles is located in Washington, DC. The organization was established in 2013. According to its NTEE Classification (P29) the organization is classified as: Thrift Shops, under the broad grouping of Human Services and related organizations. As of 12/2022, Gearin Up Bicycles employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gearin Up Bicycles 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, Gearin Up Bicycles generated $371.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $422.6k during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 5 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
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A) OPERATION OF A TRAINING FACILITY AND RESALE SHOP IN WHICH YOUTH AND YOUNG ADULTS LEARN TO REPAIR DONATED USED BICYCLES. THROUGH THE SALE OF THE REFURBISHED BICYCLES, YOUTH AND YOUNG ADULTS LEARN THE FUNDAMENTALS OF RUNNING A SMALL BUSINESS. YOUTH ARE RESPONSIBLE FOR RUNNING ALL ASPECTS OF THE BUSINESS WITH THE GUIDANCE AND OVERSIGHT OF MANAGEMENT STAFF. NEW PARTS ARE ONLY USED ON REFURBISHED BICYCLES IF SAFETY IS A CONCERN AND THE USE OF USED PARTS WOULD CREATE DANGER.B) OPERATION OF EARN-A-BIKE PROGRAM BOTH ON-SITE AT OUR TRAINING LOCATION AND OFF-SITE AT THE LOCATION OF PARTNERING ORGANIZATIONS. YOUTH COMPLETE A 16 SESSION PROGRAM (THE NUMBER OF SESSIONS CAN VARY SLIGHTLY TO MEET THE NEEDS OF PROGRAMS) WHERE THEY LEARN TO BUILD THEIR OWN BICYCLES FROM DONATED USED PARTS. NEW PARTS ARE ONLY USED IF SAFETY IS A CONCERN AND THE USE OF USED PARTS WOULD CREATE DANGER. AT THE END OF THE PROGRAM, YOUTH PARTICIPATE IN A BICYCLE SAFETY CLASS AND THEN KEEP THE BICYCLE THEY BUILT IN THE PROGRAM.C) TRAINING IN THE PROPER USE OF HELMETS AND BICYCLE SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Channing Brewer Board Chair | OfficerTrustee | 6 | $0 |
Erin Conner-Bd Treasurer Then Executive Director (beg 12/22) | OfficerTrustee | 3 | $0 |
Laurie Cooper Board Secretary | OfficerTrustee | 3 | $0 |
Stephen Hug Board Member (through 11/22) | Trustee | 3 | $0 |
Keith Jackson-Shop Manager Then Bd Member (beg 11/22) | Trustee | 3 | $43,267 |
Jioni Palmer Executive Director (through 11/22) | Officer | 40 | $54,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $157,906 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $167,906 |
| Total Program Service Revenue | $204,001 |
| Investment income | $1 |
| 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 | $371,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,974 |
| 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. | $61,205 |
| Compensation of current officers, directors, key employees. | $22,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $153,388 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,832 |
| Payroll taxes | $19,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $45 |
| Fees for services: Accounting | $1,921 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,880 |
| Advertising and promotion | $0 |
| Office expenses | $8,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,237 |
| Travel | $186 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,840 |
| All other expenses | $116 |
| Total functional expenses | $422,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,572 |
| Savings and temporary cash investments | $810 |
| 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 | $12,500 |
| 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 | $27,882 |
| Accounts payable and accrued expenses | $4,661 |
| 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 | $4,661 |
| Net assets without donor restrictions | $19,421 |
| Net assets with donor restrictions | $3,800 |
| 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 | $27,882 |