Bike Works Seattle is located in Seattle, WA. The organization was established in 1997. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Bike Works Seattle employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bike Works Seattle 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, Bike Works Seattle generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 6.6% per year over the past 8 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
BIKE WORKS BUILDS SUSTAINABLE COMMUNITIES BY EDUCATING YOUTH AND PROMOTING BICYCLING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BICYCLE RECYCLE & REUSE PROGRAM - OUR BICYCLE RECYCLE & REUSE PROGRAM PROVIDES A MEANS FOR UNWANTED BIKES TO BE DONATED, REFURBISHED BY VOLUNTEERS AND PROGRAM PARTICIPANTS, AND TURNED INTO AFFORDABLE, CARBON-FREE TRANSPORTATION. WE PROCESS 8,000 DONATED BICYCLES EVERY YEAR AND STRIP THE UNUSABLE BIKES FOR PARTS BEFORE SENDING THE REMAINDER TO BE RESPONSIBLY RECYCLED THROUGH PARTNERSHIPS. WE GIVE OUR VOLUNTEERS MEANINGFUL OPPORTUNITIES TO MAKE A TANGIBLE DIFFERENCE, WHILE INCREASING THEIR KNOWLEDGE OF BICYCLE MAINTENANCE AND RIDING. BIKE WORKS BRINGS TOGETHER DIVERSE GROUPS IN A COLLABORATIVE ENVIRONMENT. WE DIVERT 250,000 POUNDS OF WASTE FROM LANDFILLS ANNUALLY, AND PROVIDED TRANSPORTATION THROUGH BICYCLE GIVEAWAYS TO THOSE WHO CAN'T AFFORD TO BUY ONE IN OUR COMMUNITY BIKE SHOP.
SOCIAL ENTERPRISE COMMUNITY BIKE SHOP - THE BIKE WORKS BICYCLE SHOP IS AN EARNED REVENUE STREAM FOR BIKE WORKS, COMMITTED TO SERVING SEATTLE WITH AFFORDABLE BICYCLE SALES AND PROFESSIONAL SERVICE IN A WELCOMING, INCLUSIVE ENVIRONMENT. WE'RE A FULL-SERVICE REPAIR SHOP THAT ALSO SELLS QUALITY USED BIKES AND A FULL RANGE OF NEW AND USED BIKE PARTS AND ACCESSORIES. ALL THE PROFITS FROM THE BIKE SHOP GO TO SUPPORT OUR FREE- AND SLIDING-SCALE PROGRAMS.
YOUTH PROGRAMS - THROUGH BICYCLE RIDING AND MECHANICS, WE PROVIDE OPPORTUNITIES FOR YOUTH TO BUILD SELF-CONFIDENCE AND TRANSFERRABLE SKILLS, EXPLORE THE WORLD, GIVE BACK TO THEIR COMMUNITY, AND BE PHYSICALLY ACTIVE. BIKE WORKS PROGRAMS ARE ROOTED IN THE BELIEF THAT YOUNG PEOPLE THRIVE WHEN THEY ARE VALUED, VALUE THEMSELVES, AND FEEL A SENSE OF BELONGING. OUR YOUTH PROGRAMS INCLUDE: 1) EARN-A-BIKE (EAB) PROGRAMS AND DROP-IN COMMUNITY SERVICE HOURS; 2) PARTNERSHIPS WITH SCHOOLS AND COMMUNITY ORGANIZATIONS TO REACH YOUTH WHERE THEY ARE WITH A FOCUS ON BIPOC YOUTH; 3) THE JOB SKILLS TRAINING FOR YOUNG PEOPLE AGED 15 24 WITH LIMITED RESOURCES. PARTICIPANTS ARE LEARNING HARD AND SOFT SKILLS AND ARE ENCOURAGED TO APPLY FOR PAID APPRENTICESHIPS AT BIKE WORKS; 4) BICYCLE CAMPS AND CLUBS ALLOW YOUTH TO BE ACTIVE AND EXPLORE THEIR WORLD BY BICYCLE.
ADULT & COMMUNITY PROGRAMS - BIKE WORKS' COMMUNITY PROGRAMS REDUCE THE BARRIERS TO BICYCLING DUE TO COST, LACK OF KNOWLEDGE AND LACK OF NEIGHBORHOOD RESOURCES. THROUGH THESE PROGRAMS, BIKE WORKS SERVES MORE THAN 1,000 PEOPLE ANNUALLY AND INCLUDE: 1) BIKES-FOR-ALL! BIKE GIVEAWAYS, GIVING YOUTH AND ADULTS ACCESS TO BIKES, HELMETS, LIGHTS, AND LOCKS WHO CAN'T AFFORD TO BUY THEM ; 2) THE BIKEMOBILE, OUR MOBILE BIKE REPAIR SHOP, VISITS NEIGHBORHOODS WHERE PEOPLE DON'T HAVE ACCESS TO BIKE REPAIR AND CYCLING EDUCATION SERVICES; 3) ALL-AGES COMMUNITY RIDES, BRINGING PEOPLE TOGETHER TO HAVE FUN, RIDE SAFELY, AND RAISE MONEY TO SUPPORT BIPOC-LED ORGANIZATIONS IN OUR COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Marcos Franco President | OfficerTrustee | 1 | $0 |
Matt Hendel Vice President | OfficerTrustee | 1 | $0 |
Ed Yoshida Secretary | OfficerTrustee | 1 | $0 |
Larisa Lumba Treasurer | OfficerTrustee | 1 | $0 |
Cathy Blackburn Member | Trustee | 1 | $0 |
Ivory Brooks Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $274,046 |
Related organizations | $0 |
Government grants | $54,444 |
All other contributions, gifts, grants, and similar amounts not included above | $1,752,135 |
Noncash contributions included in lines 1a–1f | $136,111 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,080,625 |
Total Program Service Revenue | $41,063 |
Investment income | $5,359 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $911 |
Net Income from Fundraising Events | -$14,812 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $342,701 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,455,847 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $36,482 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $144,679 |
Compensation of current officers, directors, key employees. | $144,679 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,166,984 |
Pension plan accruals and contributions | $15,852 |
Other employee benefits | $120,533 |
Payroll taxes | $126,243 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $17,760 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $79,224 |
Advertising and promotion | $9,424 |
Office expenses | $95,406 |
Information technology | $9,334 |
Royalties | $0 |
Occupancy | $123,624 |
Travel | $4,792 |
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 | $9,839 |
Insurance | $21,129 |
All other expenses | $0 |
Total functional expenses | $2,310,738 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $374,796 |
Savings and temporary cash investments | $557,335 |
Pledges and grants receivable | $725,901 |
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 | $278,849 |
Prepaid expenses and deferred charges | $26,771 |
Net Land, buildings, and equipment | $32,584 |
Investments—publicly traded securities | $609,238 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $688,940 |
Total assets | $3,294,414 |
Accounts payable and accrued expenses | $165,514 |
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 | $709,116 |
Total liabilities | $874,630 |
Net assets without donor restrictions | $1,693,883 |
Net assets with donor restrictions | $725,901 |
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 | $3,294,414 |