Burlington Bicycle Project Corp
- Assets
- $1.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 20
- Location
- Burlington, VT
- Founding
- 10/2016
- Data as of
- 12/2021
- EIN
- 47-2403515
Organization Overview
Burlington Bicycle Project Corp, operating under the name Old Spokes Home, is located in Burlington, VT. The organization was established in 2016. 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 12/2021, Old Spokes Home employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Spokes Home 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, Old Spokes Home generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $792.9k during the year ending 12/2021. While expenses have increased by 10.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD COMMUNITY AND OPPORTUNITY THROUGH ACCESS TO BICYCLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EVERYBODY BIKES PROGRAM PROVIDES USED BICYCLES AND BICYCLE PARTS, BICYCLE SERVICES AND CYCLING GEAR TO LOW-INCOME VERMONTERS AT A HIGHLY SUBSIDIZED RATE. DONATED BIKES ARE REFURBISHED BY VOLUNTEERS AND PROFESSIONAL MECHANICS AND MADE AVAILABLE AS A MEANS OF AFFORDABLE, RELIABLE AND ACTIVE TRANSPORTATION FOR PEOPLE WITH LIMITED FINANCIAL RESOURCES. EVERYBODY BIKES CUSTOMERS ARE REFERRED BY AGENCIES ACROSS CHITTENDEN COUNTY THAT WORK WITH VERMONTERS IN LOW WAGE EMPLOYMENT, RECOVERING FROM ADDICTION, LIVING WITH HOMELESSNESS, AND ADJUSTING TO LIVING IN THE UNITED STATES. THE EVERYBODY BIKES PROGRAM INCLUDES A MOBILE BICYCLE REPAIR UNIT WHICH REPAIRS BIKES WHERE CUSTOMERS LIVE AND WORK. THE ORGANIZATION ALSO PROVIDES HIGH SCHOOL STUDENTS WITH VOLUNTEER, INTERNSHIP, AND WORK EXPERIENCES THAT DEVELOP MECHANICAL, PROBLEM-SOLVING, AND CUSTOMER SERVICE SKILLS. WE RETURNED TO MANY OF THE PROGRAMS SUSPENDED DURING THE PANDEMIC, INCLUDING VOLUNTEER NIGHTS, YOUTH BIKE REPAIR SESSIONS, A YOUTH APPRENTICESHIP PROGRAM, KIDS BIKE GIVE-AWAYS, AND A MOBILE BIKE REPAIR UNIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Jacoby Executive Di | Officer | 30 | $30,404 |
Ted Berg President | OfficerTrustee | 2 | $0 |
Yiota Ahladas Vice Preside | OfficerTrustee | 1 | $0 |
Rich Pearce Treasurer | OfficerTrustee | 1 | $0 |
Jason Van Driesche Secretary | OfficerTrustee | 1 | $0 |
Ron Manganiello Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $20,674 |
| Related organizations | $0 |
| Government grants | $64,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,470 |
| Noncash contributions included in lines 1a–1f | $653,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $756,488 |
| Total Program Service Revenue | $1,450 |
| Investment income | $206 |
| 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 | $648,152 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,411,298 |
| 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. | $30,404 |
| Compensation of current officers, directors, key employees. | $9,121 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $443,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,995 |
| Payroll taxes | $39,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,806 |
| Advertising and promotion | $23,066 |
| Office expenses | $1,548 |
| Information technology | $10,923 |
| Royalties | $0 |
| Occupancy | $46,692 |
| Travel | $993 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,178 |
| Interest | $998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $44,534 |
| Insurance | $14,320 |
| All other expenses | $0 |
| Total functional expenses | $792,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,181 |
| Savings and temporary cash investments | $206,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $149,966 |
| Prepaid expenses and deferred charges | $3,757 |
| Net Land, buildings, and equipment | $891,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $190,240 |
| Other assets | $0 |
| Total assets | $1,479,725 |
| Accounts payable and accrued expenses | $110,342 |
| 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 | $1,930 |
| Total liabilities | $112,272 |
| Net assets without donor restrictions | $1,343,842 |
| Net assets with donor restrictions | $23,611 |
| 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 | $1,479,725 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Burlington Bicycle Project Corp has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Lintilhac Foundation Shelburne, VT PURPOSE: BIKE ACCESSINITIATIVE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
New Hampshire Catholic Charities Inc Manchester, NH | $140,545,315 | $96,098,300 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |