Cincy Bike Share Inc
- Assets
- $1.1m
- Revenue
- $919.5k
- Investments
- $0.0
- Employees
- 18
- Location
- Cincinnati, OH
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-4043546
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 12/2021, Red Bike employed 18 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 12/2021, Red Bike generated $919.5k 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 (8.7%) each year. All expenses for the organization totaled $1.0m 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 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 95,117 RIDES TAKEN ON RED BIKE IN 2021. THERE WERE 1,204 ANNUAL OR MONTHLY MEMBERS IN 2021, AND 12,131 CASUAL OR WALK-UP USERS. LOW INCOME MEMBER PROGRAM - RED BIKE GO HAD 294 MEMBERS, AND THEY TOOK 18,300 RIDES ON RED BIKE OR 19% OF ALL RIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Maxwell Secretary | OfficerTrustee | 1 | $0 |
Patrick Newton Treasurer | OfficerTrustee | 1 | $0 |
Leslie Maloney President | OfficerTrustee | 1 | $0 |
Nancy Strassel Vice President - Term Ended | OfficerTrustee | 1 | $0 |
Anastasia Mileham Vice President | OfficerTrustee | 1 | $0 |
Jeremy Riddle Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,279 |
| All other contributions, gifts, grants, and similar amounts not included above | $395,751 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $544,030 |
| Total Program Service Revenue | $346,691 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,994 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,465 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $286,781 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,236 |
| Payroll taxes | $24,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,053 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,892 |
| Advertising and promotion | $4,005 |
| Office expenses | $13,775 |
| Information technology | $96,645 |
| Royalties | $0 |
| Occupancy | $27,863 |
| Travel | $150 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,224 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $354,403 |
| Insurance | $34,681 |
| All other expenses | $9,732 |
| Total functional expenses | $1,025,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $381,655 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $680,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,061,952 |
| Accounts payable and accrued expenses | $6,219 |
| 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 | $29,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,219 |
| Net assets without donor restrictions | $1,026,733 |
| 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 | $1,061,952 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cincy Bike Share Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: COVID-19 RELIEF: REDUCTION IN SPONSORSHIP | $50,000 |
Peopleforbikes Foundation Boulder, CO PURPOSE: TO IMPROVE INFRASTRUCTURE TO OBTAIN OR ENHANCE "BICYCLE FRIENDLY COMMUNITY" STATUS. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rfs Charitable Foundation Toledo, OH | $7,273,922 | $11,225,614 |
The Lebron James Family Foundation Akron, OH | $17,485,828 | $12,709,442 |
Pocono Services For Families And Children Inc East Stroudsburg, PA | $5,666,674 | $5,697,584 |
Tate Monroe Water Assn Inc New Richmond, OH | $29,411,991 | $5,084,515 |
Progress Michigan Education Lansing, MI | $1,376,107 | $841,661 |
Onecommunity Cleveland, OH | $10,370,909 | $1,306 |
Delta Area Transit Authority Escanaba, MI | $1,938,922 | $2,269,524 |
Monroe County United Ministries Inc Bloomington, IN | $2,769,488 | $2,039,215 |
Municipal Risk Management Inc Sewickley, PA | $1,866,015 | $1,889,170 |
Circuit Clerks Trust For Life Inc Louisville, KY | $1,495,944 | $1,535,006 |
Conservative Mennonite Financial Lebanon, PA | $46,104,322 | $1,303,669 |
Central Ohio Public Market Authority Dublin, OH | $183,043 | $435,513 |