Bike New York Inc
- Assets
- $4.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 78
- Location
- New York, NY
- Founding
- 08/2010
- Data as of
- 12/2020
- EIN
- 13-4069149
Organization Overview
Bike New York Inc is located in New York, NY. The organization was established in 2010. 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 12/2020, Bike New York Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bike New York 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 12/2020, Bike New York Inc generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.4%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ENCOURAGE BICYCLING AND BICYCLE SAFETY THROUGH EDUCATION, PUBLIC EVENTS, AND COLLABORATION WITH COMMUNITY AND GOVERNMENT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BIKE NEW YORK, INC. ORGANIZES THE ANNUAL TD BANK FIVE BORO BIKE TOUR, AMERICA'S LARGEST CYCLING EVENT, WITH 32,000 PARTICIPANTS. BIKE NEW YORK, INC. ALSO OFFERS TWO REGINAL RIDES OUTSIDE NEW YORK CITY ATTRACTING THOUSANDS OF PARTICIPANTS.
BIKE NEW YORK, INC'S BICYCLING EDUCATION PROGRAM SUPPLIES FREE CLASSES AND TRAINING FOR ADULTS AND CHILDREN ON BICYCLE SKILLS AND SAFETY. BIKE NEW YORK ALSO PROVIDES WORKSHOPS FOR NON-PROFITS, SCHOOLS AND WORKPLACES.
BIKE NEW YORK PARTNERED WITH BLOOMBERG CHARITIES, TD BANK AND CITI FOUNDATION TO PURCHASE AND ASSEMBLE MORE THAN 2,000 BIKES IN 2020. BIKE NEW YORK PLANNED THE BIKE BUILD AND DISTRIBUTION LOGISTICS. BIKES WERE DISTRIBUTED TO YOUTH IN NEW YORK CITY WHO HAD PARTICIPATED IN BIKE NEW YORK SUMMER AND AFTER SCHOOL PROGRAMS AND YOUTH IN YMCA PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth J Podziba President/ceo | Officer | 55 | $205,978 |
Andrew S Gould COO | Officer | 55 | $191,225 |
Leonard Diamond Chairman | OfficerTrustee | 4 | $0 |
Henry Chin Treasurer | OfficerTrustee | 2 | $0 |
Stuart Krohnengold Secretary | OfficerTrustee | 2 | $0 |
Thurstan Bannister Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,034 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $614,088 |
| Noncash contributions included in lines 1a–1f | $232,069 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,122 |
| Total Program Service Revenue | $1,361,788 |
| Investment income | $10,078 |
| 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 | $295,337 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,379,962 |
| 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. | $397,203 |
| Compensation of current officers, directors, key employees. | $31,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,049 |
| Pension plan accruals and contributions | $30,656 |
| Other employee benefits | $150,448 |
| Payroll taxes | $112,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $232,069 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $139,239 |
| Office expenses | $18,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $241,858 |
| Travel | $4,022 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,513 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $75,791 |
| Insurance | $148,630 |
| All other expenses | $275,766 |
| Total functional expenses | $3,304,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,100,962 |
| Savings and temporary cash investments | $2,136,141 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $38,200 |
| Prepaid expenses and deferred charges | $93,292 |
| Net Land, buildings, and equipment | $146,778 |
| Investments—publicly traded securities | $438,803 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,585 |
| Total assets | $4,166,926 |
| Accounts payable and accrued expenses | $79,917 |
| Grants payable | $0 |
| Deferred revenue | $2,090,924 |
| 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 | $2,170,841 |
| Net assets without donor restrictions | $1,956,188 |
| Net assets with donor restrictions | $39,897 |
| 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 | $4,166,926 |
Grants Awarded
Over the last fiscal year, Bike New York Inc has awarded $238,165 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
STAR TRACK PURPOSE: SCHOLARSHIP | $174,498 |
NYC DEPARTMENT OF TRANSPORTATION PURPOSE: PROGRAMATIC GRANT | $63,667 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bike New York Inc has recieved totaling $628.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
Arthur J Gallagher Foundation Rolling Meadows, IL PURPOSE: GENERAL EXEMPT PURPOSE | $112 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $16 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New York State Public High School Athletic Association Inc Farmingville, NY | $1,517,240 | $5,856,622 |
Bike New York Inc New York, NY | $4,166,926 | $2,379,962 |
Project Adventure Inc Beverly, MA | $1,895,624 | $4,703,745 |
Innercity Weightlifting Inc Boston, MA | $3,964,091 | $4,030,474 |
Laurel Highlands Ligonier, PA | $9,995,015 | $2,370,476 |
Doc Wayne Youth Services Inc Boston, MA | $1,355,215 | $2,243,484 |
Park Housing Development Fund Company Inc Flushing, NY | $4,600,496 | $988,773 |
Underground Bowling Association Inc Freeport, NY | $128,797 | $1,189,863 |
Larchmont Manor Park Society Larchmont, NY | $1,812,856 | $1,373,581 |
Atlantic Hockey Association Inc Winthrop, MA | $457,452 | $1,032,133 |
Vermont Atv Sportsmans Association Inc Barre, VT | $867,519 | $1,211,642 |
Niagara Frontier Junior Hockey Club Inc Grand Island, NY | $406,318 | $910,051 |