Community Cycles
- Assets
- $3.6m
- Revenue
- $918.9k
- Investments
- $0.0
- Employees
- 23
- Location
- Boulder, CO
- Founding
- 02/2007
- Data as of
- 12/2022
- EIN
- 06-1719094
Organization Overview
Community Cycles is located in Boulder, CO. The organization was established in 2007. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Community Cycles employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Cycles 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, Community Cycles generated $918.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $765.6k during the year ending 12/2022. 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
COMMUNITY CYCLES EDUCATES AND ADVOCATES FOR THE USE OF BICYCLES AS AN AFFORDABLE, VIABLE, SUSTAINABLE MEANS OF TRANSPORTATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RETAIL SHOP: OUR IN-HOUSE EDUCATIONAL PROGRAM TEACHES PEOPLE HOW TO REPAIR BIKES. THE STUDENTS STRIP AND REFURBISH DONATED BIKES WHICH WE EITHER RECYCLE OR SELL TO SUPPORT BICYCLE COMMUTING IN OUR COMMUNITY. AT THE END OF THE PROGRAM, THE STUDENTS BUILD AND TAKE HOME A BIKE. DURING 2022, WE RECEIVED 3,368 DONATED BIKES, RECYCLED 1,758 BICYCLES, REFURBISHED AND SOLD 1,262 BICYCLES, AND GAVE AWAY 534 BIKES. IN ADDITION, THESE USED BIKE PARTS, SHOP TOOLS, MECHANICS, AND INSTRUCTORS HELP OUR MEMBERS TO MAINTAIN THEIR OWN BICYCLES.
OUTREACH AND BIKE AMBASSADORS: OUR OUTREACH PROGRAM SERVES TO EDUCATE AND ENCOURAGE POTENTIAL NEW BICYCLISTS AND TO ADVOCATE BICYCLES AS A SAFE AND VIABLE MEANS OF PRIMARY TRANSPORTATION. WE HOLD IN-HOUSE WORKSHOPS, ATTEND AND HOLD EVENTS, HOLD CLASSES AT EMPLOYER SITES AND SCHOOLS, SEND NEWSLETTERS,ETC., TO ACCOMPLISH THIS.
WALK AND BIKE MONTH: DURING WALK AND BIKE MONTH, WE ENCOURAGE PEOPLE TO TRY OUT BICYCLING AS A MEANS OF COMMUTING TO WORK. FOR 2022, WE HAD APPROXIMATELY 8,500 PARTICIPANTS AND HELD EVENTS NEARLY EVERYDAY DURING THE MONTH OF JUNE. WE TEAMED UP WITH LOCAL BUSINESSES FOR THESE EVENTS AND TO ENCOURAGE THEIR EMPLOYEES TO GIVE BICYCLE COMMUTING A TRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sue Prant Executive Dir. | Officer | 40 | $67,480 |
Sandee Cirian Director | Trustee | 1.5 | $13,275 |
Elaine C Erb President | OfficerTrustee | 1.5 | $0 |
Clark Rider Secretary | Trustee | 1.5 | $0 |
Jun Watanabe Vice President | OfficerTrustee | 1.5 | $0 |
Ivyl Boyce Treasurer | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $22,268 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $424,860 |
| Noncash contributions included in lines 1a–1f | $336,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $497,128 |
| Total Program Service Revenue | $204,495 |
| Investment income | $4,322 |
| 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 | $212,979 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $918,924 |
| 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. | $80,755 |
| Compensation of current officers, directors, key employees. | $8,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,953 |
| Pension plan accruals and contributions | $5,814 |
| Other employee benefits | $0 |
| Payroll taxes | $36,135 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,619 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,550 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,804 |
| Insurance | $11,604 |
| All other expenses | $22,360 |
| Total functional expenses | $765,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,080,850 |
| Savings and temporary cash investments | $502,457 |
| Pledges and grants receivable | $1,425 |
| 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 | $101,551 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,875,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,120 |
| Total assets | $3,609,084 |
| Accounts payable and accrued expenses | $26,201 |
| Grants payable | $0 |
| Deferred revenue | $1,908 |
| 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 | $1 |
| Total liabilities | $28,110 |
| Net assets without donor restrictions | $3,523,827 |
| Net assets with donor restrictions | $57,147 |
| 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 | $3,609,084 |