Queen City Bicycle Collective
- Assets
- $242.3k
- Revenue
- $225.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Manchester, NH
- Founding
- 09/2019
- Data as of
- 03/2024
- EIN
- 47-4147461
Organization Overview
Queen City Bicycle Collective is located in Manchester, NH. The organization was established in 2019. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2024, Queen City Bicycle Collective employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Queen City Bicycle Collective 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 03/2024, Queen City Bicycle Collective generated $225.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $221.6k during the year ending 03/2024. While expenses have increased by 18.5% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
QUEEN CITY BICYCLE COLLECTIVE'S MISSION IS TO GET, AND KEEP, THE MANCHESTER COMMUNITY RIDING BICYCLES, SAFELY AND AFFORDABLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SHOP/AFFORDABLE BIKES:QC BIKE PROVIDES "DO-IT-TOGETHER" BIKE REPAIR SERVICES FOR OUR COMMUNITY. THE TOOLS ARE IN THE BIKE USER'S HANDS, WHENEVER POSSIBLE. OUR REPAIRS ARE DONE WITH MOSTLY RECYCLED PARTS, CULLED FROM DONATED BIKES. THERE WERE 1,288 DOCUMENTED SERVICE VISITS BY 734 UNIQUE INDIVIDUALS IN THE LAST YEAR. ADDITIONALLY, WE SOLD 161 REFURBISHED BIKES, DURING THIS PERIOD; 107 OF THOSE WERE SOLD AT A DISCOUNTED PRICE (AVERAGE PRICE AFTER DISCOUNT - 135), TO MAKE THEM TRULY AFFORDABLE
COMMUNITY OUTREACH: QC BIKE CONTINUES TO EXPAND OUR EFFORTS TO CULTIVATE AND NURTURE THE BIKE COMMUNITY IN MANCHESTER. WE OFFER REGULAR, COMMUNITY GROUP RIDES. WE HAVE HELD AND/OR PARTICIPATED IN MANY LOCAL EVENTS, INCLUDING BY PROVIDING BIKE PARKING AT CITY EVENTS. WE BOUGHT AND COORDINATED THE INSTALLATION OF BIKE REPAIR STATIONS, PUMPS, AND BIKE RACKS AT VARIOUS LOCATIONS, THROUGHOUT THE CITY, INCLUDING DOWNTOWN AND AT CITY SCHOOLS. LAST YEAR (2023), SAW US HOST OUR FIRST ANNUAL TOUR OF MANCHESTER BIKE RIDE. IT WAS A RESOUNDING SUCCESS; WE HAD 163 RIDERS AND 27 VOLUNTEERS WHO ALL HELPED TO MAKE A MEMORABLE COMMUNITY EVENT THAT WE PLAN TO REPEAT IN SEPTEMBER 2024.
VOUCHERED BIKE PROGRAMS: QC BIKE OFFERS VARIOUS VOUCHERED PROGRAMS, SUPPORTED BY GRANT OR DONOR FUNDS, WHERE A BIKE PACKAGE (CONSISTING OF A REFURBISHED BIKE, LIGHTS,LOCK, AND HELMET) IS PROVIDED FREE, OR AT A NOMINAL PRICE, TO THE END USER. OUR LARGEST SUCH PROGRAM - EARN-A-BIKE - SAW QC BIKE DELIVER BIKE PACKAGES TO 97 HIGH-ACHIEVING 4TH & 5TH GRADERS AT TWO MANCHESTER ELEMENTARY SCHOOLS IN MAY 2023. DURING THE YEAR, WE PREPARED A RECORD NUMBER OF BIKES AND ALTERNATIVE "BE ACTIVE" PACKAGES (225) TO MEET A HUGE INCREASE IN THE STUDENTS SERVED BY OUR 2024 EARN-A-BIKE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tyler Glodt Executive Di | Officer | 40 | $62,400 |
Elyza Agosta Director | Trustee | 1 | $0 |
Abigail Easterly Treasurer | OfficerTrustee | 22 | $0 |
Benjamin Godbout Director | Trustee | 1 | $0 |
Matthew Grote President | OfficerTrustee | 3 | $0 |
Peter Tamposi Director | Trustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $128,755 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $140,005 |
| Total Program Service Revenue | $82,536 |
| Investment income | $3,369 |
| 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 | $225,910 |
| 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. | $62,400 |
| Compensation of current officers, directors, key employees. | $5,624 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,093 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,678 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,660 |
| Office expenses | $3,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,811 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,144 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,946 |
| All other expenses | $165 |
| Total functional expenses | $221,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,179 |
| Savings and temporary cash investments | $61,451 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,570 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,884 |
| 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 | $1,250 |
| Total assets | $242,334 |
| Accounts payable and accrued expenses | $12,746 |
| 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 | $12,746 |
| Net assets without donor restrictions | $229,588 |
| 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 | $242,334 |