Ohio City Bicycle Coop Inc
- Assets
- $133.1k
- Revenue
- $223.9k
- Investments
- $0.0
- Employees
- 7
- Location
- Cleveland, OH
- Founding
- 02/2005
- Data as of
- 12/2023
- EIN
- 51-0453375
Organization Overview
Ohio City Bicycle Coop Inc is located in Cleveland, OH. The organization was established in 2005. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2023, Ohio City Bicycle Coop Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio City Bicycle Coop Inc 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, Ohio City Bicycle Coop Inc generated $223.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $214.6k during the year ending 12/2023. 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
EMPOWER THE PEOPLE OF GREATER CLEVELAND WITH RELIABLE BICYCLE TRANSPORT, EDUCATION, AND MECHANICAL SKILLS TRAINING TO INCREASE MOBILITY, IMPROVE HEALTH AND PROTECT THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT BICYCLE EDUCATION: PROVIDING AND SUPPORTING EDUCATIONAL ACTIVITIES WITHIN OUR COMMUNITY INCLUDING: BICYCLE REPAIR CLASSES; LEARN TO RIDE A BIKE LESSONS FOR BOTH ADULTS AND CHILDREN; GROUP RIDES FOR SCHOOLS AND THE PUBLIC; FIX-A-THONS, IN WHICH WE BRING TOOLS AND PARTS TO REPAIR LARGE NUMBERS OF BIKES OUT IN THE COMMUNITY; AND EDUCATIONAL SERVICE ASSESSMENTS FOR BICYCLISTS NEEDING HELP DIAGNOSING PROBLEMS WITH THEIR BIKES.
BICYCLE REPAIR & RECYCLING: REFURBISHED AND SOLD 249 DONATED, USED BICYCLES WITH GUIDANCE ON SUITABILITY (ROAD VS MOUNTAIN VS CRUISER), PROPER FITTING, BASIC BIKE MAINTENANCE EDUCATION; - REPAIRED 58 CUSTOMER'S BIKES - OFTEN BIKES THAT OTHER SHOPS HAD DECLINED TO REPAIR - KEEPING THEM ON THE ROAD; - PROVIDED COMMUNITY MEMBERS WITH 1,437 AFFORDABLE USED PARTS, PLUS USED CYCLING ACCESSORIES AND CLOTHING, EXTENDING THEIR USEFUL LIFE.THIS SERVES THE DUAL PURPOSE OF DIVERTING BICYCLES AND CYCLING GEAR AWAY FROM LANDFILLS WHILE PROVIDING AFFORDABLE TRANSPORTATION AND INCREASING BICYCLE USAGE.
VOLUNTEERING & COMMUNITY SUPPORT: PROVIDES SAFE AND RELIABLE BICYCLES AND/OR REPAIRS FOR THOSE WHO LACK FINANCIAL RESOURCES. THIS IS ACCOMPLISHED THROUGH INDIVIDUALS VOLUNTEERING TO EARN CREDITS THAT CAN BE USED IN EXCHANGE FOR BICYCLES, PARTS, TOOLS & ACCESSORIES; AND THROUGH OUR PAY WHAT YOU CAN PROGRAM, WHICH REDIRECTS DONATIONS TO THOSE WITH A DEMONSTRATED NEED. IN 2023 WE SUPPORTED 56 PAY WHAT YOU CAN CUSTOMERS WITH $18,457 IN BIKES, PARTS, CYCLING GEAR, AND/OR REPAIRS. WE ALSO GAVE $5,810.76 IN USED MERCHANDISE, TIME IN OUR COMMUNITY BIKE REPAIR SHOP, AND BIKE REPAIR CLASS TUITION IN EXCHANGE FOR VOLUNTEER CREDITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Sheehan Executive Director | Officer | 40 | $30,600 |
Rick Andersen Secretary | OfficerTrustee | 6 | $0 |
Theresa Augustin Director | Trustee | 2 | $0 |
Joe Bashover President | OfficerTrustee | 4 | $0 |
David Hull Director | Trustee | 15 | $0 |
Andrew Kinnen Vice President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,725 |
| Noncash contributions included in lines 1a–1f | $5,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,725 |
| Total Program Service Revenue | $113,717 |
| Investment income | $78 |
| 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 | $9,357 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $223,877 |
| 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. | $30,600 |
| Compensation of current officers, directors, key employees. | $6,120 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $87,149 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,000 |
| Payroll taxes | $10,170 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,254 |
| Advertising and promotion | $313 |
| Office expenses | $8,127 |
| Information technology | $4,386 |
| Royalties | $0 |
| Occupancy | $47,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $682 |
| Insurance | $5,736 |
| All other expenses | $0 |
| Total functional expenses | $214,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,185 |
| Savings and temporary cash investments | $61,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,634 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,141 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,078 |
| Total assets | $133,073 |
| Accounts payable and accrued expenses | $883 |
| 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 | $883 |
| Net assets without donor restrictions | $126,583 |
| Net assets with donor restrictions | $5,607 |
| 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 | $133,073 |