Rustys Bicycle Recycle Inc
- Assets
- $40.7k
- Revenue
- $140.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Longwood, FL
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 82-4975971
Organization Overview
Rustys Bicycle Recycle Inc is located in Longwood, FL. The organization was established in 2019. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rustys Bicycle Recycle 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, Rustys Bicycle Recycle Inc generated $140.8k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 35.9% each year . All expenses for the organization totaled $152.2k during the year ending 12/2023. While expenses have increased by 41.3% per year over the past 3 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHARITY SEEKS TO OBTAIN, REPAIR AND RECYCLE DONATED BICYCLES TO HOMELESS SERVICES ORGANIZATIONS AND DISADBVANTAGE CHILDREN IN THE GREATER CENTRAL FLORIDA AREA. THERE ARE NO EMPLOYEES OF THIS CHARITY AND IT RELIES ON PUBLIC SUPPORT AND IN KIND VOLUNTEER SERVICES TO REPAIR THE DONATED BIKES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH REFURBISHMENT/REPAIR OF USED BICYCLES DONATES TO TEH ORGANIZATION, THE PRORAMS HAS ACCOMPLHISHED: - 2,193 REPAIRED AND RECYCLE BICYCLES WERE PROVIDED TO VARIOUES CHARITIES AND CHURCHES THAT SUPPORT HOMELESS.
THROUGH REFURBISHMENT/REPAIR OF USED BICYCLES DONATED TO THE ORGANIZATION, THE PRORAM HAS ACCOMPLISHED: - 2,193 REPAIRED AND RECYCLED BICYCLES WERE PROVIDED TO VARIOUS CHARITIES AND CHURCHES THAT SUPPORT THE HOMELESS. -OF THE 2,193 BICYCLES, 1,075 KIDS BIKES WERE PROVIDED TO DISADVANTAGED CHILDREN. -OF THE 2,193 BICYCLES, 97 BICYCLES WERE PROVIDED TO DISABLED AMERICAN VETERANS -3,219 VOLUNTEER IN KIND HOURS TO PROVIDE THE NEEDED REPAIRS AND DISBURSEMENT OF THE BICYCLES TO THE VARIOUS CHARITIES. -BOARD OF DIRECTORS ARE ALSO VOLUNTEERS TO REPAIR THE BICYCLES, WHICH ARE INCLUDED IN THE IN KIND OF HOURS - IN ADDITION TO RECYCLING BICYCLES, THE CHARITY ALSO DISTRIBUTES BIKE LOCKS AND SAFETY LIGHTS FOR EACH ADULT BIKE PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russel Durham President | OfficerTrustee | 20 | $0 |
Brad Geidd Vice Preside | OfficerTrustee | 102.5 | $0 |
Denee Hinrichs-Durham Secretary | OfficerTrustee | 37.5 | $0 |
Lars Houman Director | Trustee | $0 | |
Peter Hwang Director | Trustee | 8 | $0 |
Sundar Sinnappan Director | Trustee | 143.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,960 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,960 |
| Total Program Service Revenue | $109,190 |
| Investment income | $186 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,480 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $140,816 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $10,175 |
| Advertising and promotion | $0 |
| Office expenses | $1,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,075 |
| 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 | $0 |
| Insurance | $672 |
| All other expenses | $1,677 |
| Total functional expenses | $152,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,944 |
| Savings and temporary cash investments | $6,411 |
| 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 | $1,260 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112 |
| Total assets | $40,727 |
| Accounts payable and accrued expenses | $1,543 |
| 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 | $1,543 |
| Net assets without donor restrictions | $39,184 |
| 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 | $40,727 |