Explore Bike Share Inc
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Memphis, TN
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-1068028
Organization Overview
Explore Bike Share Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Explore Bike Share Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Bike Share 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 12/2021, Explore Bike Share Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 36.6% per year over the past 6 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
FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EXPLORE BIKE SHARE IS FUNDAMENTALLY REVOLUTIONIZING PERSONAL MOBILITY IN MEMPHIS BY CREATING A HEALTHY, CLEAN, AND ACCESSIBLE TRANSPORTATION ALTERNATIVE THAT ALSO ADVANCES MEMPHIS IN CULTURE AND TOURISM AND CONNECTS OUR COMMUNITIES. EXPLORE BIKE SHARE, INC. DEVELOPED AND IMPLEMENTED A BIKE-SHARING PROGRAM FOR THE BENEFIT OF AS MANY MEMPHIANS AS POSSIBLE. THE ORGANIZATION PROMOTES BIKE CULTURE THROUGH COMMUNITY DEVELOPMENT, BIKE EDUCATION, AND SAFETY TRAINING. FINALLY, THE ORGANIZATION ENCOURAGES EXERCISE AND HEALTHY LIFESTYLES FOR ALL MEMPHIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPING AND IMPLEMENTING A BIKE SHARE PROGRAM FOR THE BENEFIT OF THE GENERAL PUBLIC WITH ACCESS TO AS MANY MEMPHIANS AS POSSIBLE.
DEVELOPING AND IMPLEMENTING A BIKE SHARE PROGRAM FOR THE BENEFIT OF THE GENERAL PUBLIC WITH ACCESS TO AS MANY MEMPHIANS AS POSSIBLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anton Mack Executive Di | Officer | 40 | $90,044 |
Suzanne Carlson Vice Chairma | OfficerTrustee | $0 | |
Justin Jamerson Treasurer | OfficerTrustee | $0 | |
Doug Mcgowen Chairman | OfficerTrustee | $0 | |
Doug Carpenter Director | Trustee | $0 | |
Jaske Goff Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,490,385 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,783 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,507,168 |
| Total Program Service Revenue | $253,585 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,317 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,735,436 |
| 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. | $90,044 |
| Compensation of current officers, directors, key employees. | $13,507 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,415 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $88,396 |
| Office expenses | $21,779 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,217 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $414,182 |
| Insurance | $42,736 |
| All other expenses | $43,766 |
| Total functional expenses | $1,237,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $218,525 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $202,088 |
| 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 | $21,781 |
| Net Land, buildings, and equipment | $1,583,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,025,455 |
| Accounts payable and accrued expenses | $319,059 |
| 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 | $582,836 |
| Other liabilities | $260,000 |
| Total liabilities | $1,161,895 |
| Net assets without donor restrictions | $661,472 |
| Net assets with donor restrictions | $202,088 |
| 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 | $2,025,455 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Explore Bike Share Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rural Transit Enterprises Coordinated Incorporation Mount Vernon, KY | $20,198,790 | $18,973,393 |
Unified Human Services Transportation System Inc Roanoke, VA | $4,352,414 | $5,161,856 |
Student Transport Inc College Park, GA | $6,481,074 | $5,124,740 |
Louisville Wheels Transportation Inc Louisville, KY | $5,176,976 | $3,070,785 |
Common Courtesy Inc Atlanta, GA | $1,181,301 | $2,903,517 |
Chatham Transit Network Pittsboro, NC | $1,518,765 | $1,595,852 |
City Wide Transportation Inc Kansas City, MO | $804,508 | $2,048,331 |
Onslow United Transit System Inc Jacksonville, NC | $3,171,387 | $2,349,973 |
Honor Flight Inc Arlington, VA | $2,964,603 | $2,037,473 |
Transit Alliance Group Inc Chatsworth, GA | $1,516,616 | $1,526,515 |
The Ashe County Transportation Authority West Jefferson, NC | $1,128,766 | $1,177,758 |
Explore Bike Share Inc Memphis, TN | $2,025,455 | $1,735,436 |