Cincy Bike Share Inc

Organization Overview

Cincy Bike Share Inc, operating under the name Red Bike, is located in Cincinnati, OH. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Red Bike employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Bike 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, Red Bike generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.7%) each year. All expenses for the organization totaled $705.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE RED BIKE, THE CINCINNATI REGION'S BIKE SHARE SYSTEM, PROVIDING A TRANSPORTATION OPTION, THAT INCREASES MOBILITY AND ADDS TO THE VITALITY OF THE REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATED RED BIKE BIKE SHARE SYSTEM. THERE WERE 97,996 RIDES TAKEN ON RED BIKE IN 2022. THERE WERE 1,208 ANNUAL OR MONTHLY MEMBERS IN 2022, AND 9,921 CASUAL OR WALK-UP USERS. LOW INCOME MEMBER PROGRAM - RED BIKE GO HAD 489 MEMBERS, AND THEY TOOK 26,290 RIDES ON RED BIKE OR 26.8% OF ALL RIDES.


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Board, Officers & Key Employees

Name (title)Compensation
Leslie Maloney
President
$0
Anastasia Mileham
Vice President
$0
Daniel Maxwell
Secretary
$0
Patrick Newton
Treasurer
$0
Bridget Doherty
Board Member
$0
Ryan Gentil
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $174,994
All other contributions, gifts, grants, and similar amounts not included above$514,790
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$689,784
Total Program Service Revenue$303,481
Investment income $0
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 $1,002,638

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