Bike Net
- Assets
- $463.1k
- Revenue
- $282.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Billings, MT
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 81-0538394
Organization Overview
Bike Net, operating under the name Billings Trailnet, is located in Billings, MT. The organization was established in 2002. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2021, Billings Trailnet employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Billings Trailnet 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, Billings Trailnet generated $282.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $241.3k 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 PROMOTE A COMPLETE, COMMUNITY-WIDE TRAIL SYSTEM
Describe the Organization's Program Activity:
Part 3 - Line 4a
A GRASS-ROOTS ORGANIZATION THAT SUPPORTS URBAN TRAILS IN AND AROUND THE BILLINGS COMMUNITY. OUR ORGANIZATION INCREASES AWARENESS AND ENCOURAGES USE OF THE TRAILS IN OUR COMMUNITY, AND RAISES MONEY TO USE AS MATCHING FUNDS FOR TRAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristi Drake Executive Director | Officer | 40 | $52,075 |
Mike Ormsby President | OfficerTrustee | 2 | $0 |
Ty Schmechel Secretary | OfficerTrustee | 2 | $0 |
Wayne Erlenbush Treasurer | OfficerTrustee | 2 | $0 |
Kevin Odenthal Director | Trustee | 2 | $0 |
Kolten Knatterud Vice President | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,405 |
| Fundraising events | $50,895 |
| Related organizations | $0 |
| Government grants | $20,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,619 |
| Noncash contributions included in lines 1a–1f | $4,531 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $270,909 |
| Total Program Service Revenue | $0 |
| Investment income | $1,444 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $7,184 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $282,092 |
| 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. | $52,075 |
| Compensation of current officers, directors, key employees. | $41,660 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,667 |
| Payroll taxes | $8,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,495 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $99,876 |
| Advertising and promotion | $2,708 |
| Office expenses | $2,924 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,034 |
| Travel | $540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $564 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $323 |
| Insurance | $2,889 |
| All other expenses | $0 |
| Total functional expenses | $241,252 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,183 |
| Savings and temporary cash investments | $231,387 |
| 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 | $554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $463,124 |
| Accounts payable and accrued expenses | $10,225 |
| 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 | $10,225 |
| Net assets without donor restrictions | $452,899 |
| 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 | $463,124 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bike Net has recieved totaling $53,286.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $53,286 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Idaho Conservation League Inc Boise, ID | $7,842,765 | $3,577,511 |
Yellowstone To Yukon Conservation Initiative Bozeman, MT | $4,186,486 | $3,419,566 |
Muley Fanatic Foundation Of Wyoming Inc Green River, WY | $1,477,626 | $2,243,158 |
Wildland Firefighter Foundation Boise, ID | $4,563,249 | $2,968,585 |
Ecology Project International Missoula, MT | $4,110,685 | $862,174 |
Home Resource Missoula, MT | $3,240,079 | $1,256,759 |
Headwaters Resource Conservation And Development Area Inc Butte, MT | $5,696,045 | $1,614,818 |
Montana Association Of Conservation Districts Helena, MT | $835,726 | $1,085,544 |
Heart Of The Rockies Initiative Missoula, MT | $464,680 | $1,215,140 |
Montana Audubon Helena, MT | $3,168,959 | $1,979,314 |
Swan Valley Connections Condon, MT | $1,175,459 | $1,074,334 |
Bitter Root Resource Conservation And Development Area Incorporated Hamilton, MT | $214,191 | $828,659 |