Heartland Bike Share
- Assets
- $1.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Omaha, NE
- Founding
- 07/2016
- Data as of
- 12/2021
- EIN
- 81-1307723
Organization Overview
Heartland Bike Share is located in Omaha, NE. The organization was established in 2016. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Heartland Bike Share employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heartland Bike Share 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, Heartland Bike Share 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 57.9% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 34.6% 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
HEARTLAND BIKE SHARE WAS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES. SPECIFICALLY, FOR THE DEVELOPMENT, PROMOTION, AND OPERATION OF BIKE SHARING PROGRAMS THROUGHOUT THE HEARTLAND REGION FOR THE BENEFIT OF THE GENERAL PUBLIC, AIMED AT (I) PROMOTING HEALTH AND QUALITY OF LIFE; AND (II) MITIGATING CLIMATE CHANGE AND PROMOTING THE USE OF SUSTAINABLE FORMS OF TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEARTLAND B-CYCLE IS A LARGE SCALE MUNICIPAL BIKE SHARING SYSTEM WITH LOCATIONS THROUGHOUT OMAHA AND COUNCIL BLUFFS. BIKE SHARING IS A NETWORK OF BIKE STATIONS LOCATED WITHIN A FEW BLOCKS OF ONE ANOTHER THROUGHOUT THE COMMUNITY. BIKE-SHARING MEMBERS CAN UNLOCK ANY OF THE SPECIALLY DESIGNED BIKES AT ANY STATION AND RIDE IT TO ANY OTHER BIKE STATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benny Foltz Executive Director | OfficerTrustee | 40 | $78,577 |
Jim Reiff President | OfficerTrustee | 1 | $0 |
Julie Harris Secretary | OfficerTrustee | 1 | $0 |
Michael Beverly Vice President/treasurer | OfficerTrustee | 1 | $0 |
Marilyn Tabor Director | Trustee | 1 | $0 |
Barb Fraser Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $855,228 |
| Noncash contributions included in lines 1a–1f | $343,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $934,028 |
| Total Program Service Revenue | $725,019 |
| Investment income | $1,562 |
| 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 | $1,665,786 |
| 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. | $78,577 |
| Compensation of current officers, directors, key employees. | $3,929 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $314,545 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,394 |
| Payroll taxes | $30,917 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,683 |
| Advertising and promotion | $13,971 |
| Office expenses | $83,748 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,506 |
| Travel | $8,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $59 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,083 |
| Insurance | $58,941 |
| All other expenses | $0 |
| Total functional expenses | $1,071,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $649,910 |
| Savings and temporary cash investments | $255,184 |
| 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 | $323,986 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,229,080 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $951,383 |
| Net assets with donor restrictions | $277,697 |
| 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 | $1,229,080 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Heartland Bike Share has recieved totaling $535,018.
| Awarding Organization | Amount |
|---|---|
Sherwood Foundation Omaha, NE PURPOSE: EQUITY FOCUSED EXPANSION GRANT | $253,004 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE CAPITAL SUPPORT TO PURCHASE 100 ELECTRIC PEDAL-ASSIST BIKES FOR HEARTLAND B-CYCLE'S EQUITY PROGRAM. | $85,000 |
Sherwood Foundation Omaha, NE PURPOSE: EQUITY PROGRAM | $50,000 |
Peter Kiewit Foundation Omaha, NE PURPOSE: TO PROVIDE THREE YEARS OF GENERAL OPERATING SUPPORT. | $50,000 |
Sherwood Foundation Omaha, NE PURPOSE: 2021 OPERATING GRANT | $25,000 |
Robert B Daugherty Foundation Omaha, NE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steamboat Health & Recreation Association Steamboat Springs, CO | $16,901,518 | $6,123,576 |
Rocky Mountain Conservancy Estes Park, CO | $24,888,812 | $7,143,663 |
Gateway Arch Park Foundation St Louis, MO | $74,261,617 | $7,108,944 |
Ramah In The Rockies Denver, CO | $14,278,108 | $2,853,813 |
Fort Lyon Canal Company Las Animas, CO | $20,042,880 | $3,412,269 |
Prospect Meadows Inc Marion, IA | $13,712,909 | $1,593,506 |
Durango Municipal Recreation Inc Durango, CO | $1,828,686 | $1,727,631 |
Denver Tennis Park Inc Denver, CO | $14,829,310 | $1,270,663 |
Lincoln Parks & Recreation Fndn Lincoln, NE | $22,794,187 | $4,049,801 |
Colorado Fourteeners Initiative Golden, CO | $1,873,073 | $1,827,685 |
William J Palmer Parks Foundation Inc Colorado Springs, CO | $8,093,853 | $2,223,881 |
Volunteers For Outdoor Colorado Inc Denver, CO | $3,054,414 | $1,492,810 |