Burlington Bicycle Project Corp
- Assets
- $1.2m
- Revenue
- $640.7k
- Investments
- $0.0
- Employees
- 22
- Location
- Burlington, VT
- Founding
- 10/2016
- Data as of
- 12/2023
- 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 12/2023, Old Spokes Home employed 22 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 12/2023, Old Spokes Home generated $640.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $769.9k during the year ending 12/2023. While expenses have increased by 7.9% per year over the past 8 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
2023
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Copans Executive Di | Officer | 40 | $83,000 |
Jen Green President | OfficerTrustee | 2 | $0 |
Yiota Ahladas Vice Preside | OfficerTrustee | 1 | $0 |
Mel Grant Treasurer | OfficerTrustee | 1 | $0 |
Jason Van Driesche Secretary | OfficerTrustee | 1 | $0 |
Liam Griffin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,829 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,773 |
| Noncash contributions included in lines 1a–1f | $4,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $123,602 |
| Total Program Service Revenue | $10,251 |
| Investment income | $405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,675 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $491,522 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $640,681 |
| 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. | $83,000 |
| Compensation of current officers, directors, key employees. | $21,580 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,418 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,913 |
| Payroll taxes | $40,967 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,424 |
| Advertising and promotion | $13,617 |
| Office expenses | $1,518 |
| Information technology | $21,712 |
| Royalties | $0 |
| Occupancy | $47,420 |
| Travel | $497 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,141 |
| Insurance | $16,782 |
| All other expenses | $0 |
| Total functional expenses | $769,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,780 |
| Savings and temporary cash investments | $57,662 |
| Pledges and grants receivable | $330 |
| 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 | $116,489 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $821,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $152,192 |
| Other assets | $0 |
| Total assets | $1,161,873 |
| Accounts payable and accrued expenses | $39,017 |
| 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 | $29 |
| Total liabilities | $39,046 |
| Net assets without donor restrictions | $1,094,171 |
| Net assets with donor restrictions | $28,656 |
| 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 | $1,161,873 |