Ddp Bike Share Corporation
- Assets
- $1.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 08/2016
- Data as of
- 12/2020
- EIN
- 81-1577310
Organization Overview
Ddp Bike Share Corporation, operating under the name Mogo, is located in Detroit, MI. The organization was established in 2016. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mogo is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE THE NATION'S BEST IN CLASS BIKE SHARE PROGRAM AND BE A CATALYST IN MAKING DETROIT A LEADER IN MOBILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOGO BIKE SHARE - DETROIT'S FIRST PUBLIC BIKE SHARING SYSTEM WAS LAUNCHED IN MAY 2017. THE SYSTEM IS LOCATED THROUGHOUT THE CITY OF DETROIT AND GROWS IN BOTH NUMBER OF BIKES, LOCATIONS AND PEOPLE SERVED ANNUALLY.
IN 2021, MOGO RECEIVE A GRANT TO FURTHER ITS WORK AROUND IN UNDERSTANDING THE BARRIERS THAT EXIST BETWEEN CONNECTING BIKE SHARE AND BUS TRANSIT TRIPS AND TO DEVELOPE SOLUTIONS THAT WOULD MAKE THIS CONNECTION EASIER AND MORE USER-FRIENDLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adriel Thorton Start 012021 Executive Director | Officer | 40 | $64,916 |
Eric B Larson Director | OfficerTrustee | 1 | $0 |
Paul Trulik Treasurer/secretary | Officer | 2 | $0 |
Derek Edwards Director | Trustee | 1 | $0 |
Janet Attarian Director | Trustee | 1 | $0 |
Jeffrey Hood Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $972,633 |
| Investment income | $0 |
| 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 | $1,904,657 |
| Statement of Expenses | |
|---|---|
| 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. | $121,163 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,624 |
| Pension plan accruals and contributions | $3,155 |
| Other employee benefits | $12,237 |
| Payroll taxes | $10,174 |
| Fees for services: Management | $918,234 |
| 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 | $57,295 |
| Advertising and promotion | $52,142 |
| Office expenses | $263 |
| Information technology | $3,075 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,091 |
| Insurance | $28,481 |
| All other expenses | $0 |
| Total functional expenses | $1,925,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $462,153 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,715 |
| 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 | $8,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,018,187 |
| Accounts payable and accrued expenses | $281,744 |
| 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 | $3,972 |
| Total liabilities | $285,716 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $732,471 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ddp Bike Share Corporation has recieved totaling $686,000.
| Awarding Organization | Amount |
|---|---|
Henry Ford Health System Detroit, MI PURPOSE: ORGANIZATIONAL SUPPORT | $550,000 |
Peopleforbikes Foundation Boulder, CO PURPOSE: TO IMPROVE INFRASTRUCTURE TO OBTAIN OR ENHANCE "BICYCLE FRIENDLY COMMUNITY" STATUS. | $110,000 |
Dte Energy Foundation Detroit, MI PURPOSE: COMMUNITY TRANSFORMATION | $20,000 |
Health Alliance Plan Of Michigan Detroit, MI PURPOSE: Organizational/Community Support | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
M-2 Rail Detroit, MI | $116,029,354 | $41,676,501 |
Huron Transit Corporation Thumb Area Transit Bad Axe, MI | $6,017,153 | $5,346,037 |
Oscoda-Wurtsmith Airport Authority Oscoda, MI | $44,123,314 | $2,449,059 |
Ddp Bike Share Corporation Detroit, MI | $1,018,187 | $1,904,657 |
International Safe Transit Association East Lansing, MI | $3,378,946 | $2,000,648 |
South Central Ohio Transit Hillsboro, OH | $984,138 | $1,105,343 |
Michigan Transportation Connection East Lansing, MI | $178,070 | $749,243 |
Tri-County Busing Inc Cadillac, MI | $985,408 | $901,544 |
Michigan Public Transit Assn Inc East Lansing, MI | $611,688 | $672,747 |
Ohio Public Transit Association Columbus, OH | $265,769 | $493,017 |
Plasterers And Cement Masons Apprenitceship Train Fund Loc 692 Merrillville, IN | $1,772,992 | $732,233 |
Indianapolis Public Transportation Foundation Inc Indianapolis, IN | $116,111 | $438,558 |