Pikeride Inc
- Assets
- $503.7k
- Revenue
- $370.8k
- Investments
- $14.3k
- Employees
- 14
- Location
- Colorado Springs, CO
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 83-4653044
Organization Overview
Pikeride Inc is located in Colorado Springs, CO. The organization was established in 2019. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Pikeride Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pikeride 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 12/2022, Pikeride Inc generated $370.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $607.1k during the year ending 12/2022. While expenses have increased by 19.4% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ELEVATE OUR COMMUNITY WITH A FUN, HEALTHY, PLANET FRIENDLY AND COST-EFFECTIVE WAY TO GET AROUND.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2022 WAS ANOTHER YEAR OF GROWTH FOR PIKERIDE WITH A 48% INCREASE IN RIDERSHIP FROM THE PREVIOUS YEAR, 10 NEW HUBS INSTALLED, MORE THAN 52,500 MILES TRAVELED ON PIKERIDES, OVER 1,800 FREE TRIPS PROVIDED TO OUR COMMUNITY, 18 BIKE VALETS HOSTED, 30 PEOPLE SERVED WITH WERIDE MEMBERSHIPS AND SERVED OVER 6,160 PEOPLE WITH A FUN, HEALTHY, PLANET-FRIENDLY, AND COST-EFFECTIVE WAY TO GET AROUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Johnson Vice Chair | Trustee | 1 | $0 |
Jill Gaebler Chair | OfficerTrustee | 1 | $0 |
Amy Long Member | Trustee | 1 | $0 |
Brian Vitulli Member | Trustee | 1 | $0 |
Adam Morley Member | Trustee | 1 | $0 |
Bill Nelson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $125,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,215 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,591 |
| Total Program Service Revenue | $110,706 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,947 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $370,789 |
| 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. | $92,387 |
| Compensation of current officers, directors, key employees. | $23,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,465 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,683 |
| Payroll taxes | $23,988 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,391 |
| Advertising and promotion | $9,349 |
| Office expenses | $20,533 |
| Information technology | $695 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $96,633 |
| Insurance | $20,907 |
| All other expenses | $946 |
| Total functional expenses | $607,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,642 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,346 |
| 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 | $5,538 |
| Net Land, buildings, and equipment | $341,941 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $14,346 |
| Investments—program-related | $0 |
| Intangible assets | $35,865 |
| Other assets | $0 |
| Total assets | $503,678 |
| Accounts payable and accrued expenses | $23,358 |
| Grants payable | $0 |
| Deferred revenue | $56,667 |
| 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 | $80,025 |
| Net assets without donor restrictions | $423,653 |
| 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 | $503,678 |