Jack The Bike Man Inc
- Assets
- $2.8m
- Revenue
- $962.3k
- Investments
- $0.0
- Employees
- 20
- Location
- West Palm Beach, FL
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0579626
Organization Overview
Jack The Bike Man Inc, operating under the name co Samuel Hairston III, is located in West Palm Beach, FL. The organization was established in 2007. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, co Samuel Hairston III employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. co Samuel Hairston III 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 12/2021, co Samuel Hairston III generated $962.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $971.5k during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN OUR COMMUNITY THROUGH BICYCLE EDUCATION AND SAFETY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
*PROVIDE COLLABORATIVE YOUTH BICYCLE EDUCATION THROUGH AFTER SCHOOL PROGRAMS THAT DEVELOP CREATIVELY, SELF-ESTEEM, RESPONSIBILITY, COMMUNITY AND LEADERSHIP.*REPURPOSE AND RECYCLE BICYCLES, PROMOTING ENVIRONMENTAL SUSTAINABILITY.*PROVIDE ACCESS TO AFFORDABLE BICYCLES FOR ADULTS AND YOUTH WHO LIVE BELOW THE POVERTY LEVEL.*PARTNERING WITH OTHER LOCAL NON-PROFITS BY PROVIDING FREE BICYCLES AND HELMETS TO ADULTS AND CHILDREM.*PROMOTE BICYCLING TO PROMOTE HEALTHY LIFESTYLES.*PROVIDE YOUTHS WITH COMMUNITY SERVICE HOURS THROUGH A UNIQUE EXPERIENCE OF LEARNING A SKILL AND GIVING BACK TO THE COMMUNITY. HOPEFULLY THE EXPERIENCE WILL ENCOURAGE THEM TO GIVE BACK THROUGHOUT THEIR ADULT LIVES.*TEACH ADULTS IN RECOVERY BASIC BICYCLE MECHANICS. THEY ALSO LEARN TEAM WORK, LEADERSHIP, RESPONSIBILITY AND ABILITY TO FOLLOW DIRECTIONS, A GOOD FOUNDATION TO HELP THEM OBTAIN A JOB AND BE SUCCESSFUL AT KEEPING A JOB.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel H Hairston III Executive Director | Officer | 70 | $67,500 |
Louis A Lara Board Chairman | OfficerTrustee | 2 | $0 |
Javier Lopez Treasurer | OfficerTrustee | 2 | $0 |
Paul Gryglass Secretary | OfficerTrustee | 2 | $0 |
Mark Mcgraw Member At Large | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $845,022 |
| Noncash contributions included in lines 1a–1f | $316,594 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $845,022 |
| Total Program Service Revenue | $47,892 |
| Investment income | $620 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $60,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $962,301 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $33,750 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,138 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,153 |
| Payroll taxes | $25,812 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,866 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,516 |
| Office expenses | $27,289 |
| Information technology | $9,079 |
| Royalties | $0 |
| Occupancy | $171,718 |
| 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 | $23,032 |
| Insurance | $18,187 |
| All other expenses | $395,666 |
| Total functional expenses | $971,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,248 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $113,985 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,072,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $273,409 |
| Total assets | $2,820,614 |
| Accounts payable and accrued expenses | $79,717 |
| 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 | $148,718 |
| Unsecured mortgages and notes payable | $421,128 |
| Other liabilities | $141,829 |
| Total liabilities | $791,392 |
| Net assets without donor restrictions | $1,936,974 |
| Net assets with donor restrictions | $92,248 |
| 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 | $2,820,614 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Jack The Bike Man Inc has recieved totaling $219,000.
| Awarding Organization | Amount |
|---|---|
Lost Tree Village Charitable Foundation Inc North Palm Beach, FL PURPOSE: For roofing at the new location, which will provide a permanent home for the bike donation and job training programs. | $100,000 |
Leslie L Alexander Foundation Delray Beach, FL PURPOSE: HUMANITARIAN CHARITY | $30,000 |
J M Rubin Foundation Inc West Palm Beach, FL PURPOSE: SUPPORT | $25,000 |
Ballenisles Charties Foundation Inc Palm Beach Gardens, FL PURPOSE: BICYCLE REFURBISHMENT & RELATED EQUIPMENT | $19,800 |
Reichel Foundation Inc Palm Beach Gardens, FL PURPOSE: FOR USE BY THE DONEE FOR THEIR EXEMPT PURPOSES. | $11,200 |
The Mirasol Foundation Inc Palm Beach Gardens, FL PURPOSE: PROGRAM | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland For Children Inc Bartow, FL | $9,440,569 | $48,626,648 |
Florida Sheriffs Youth Ranches Inc Boys Ranch, FL | $84,342,372 | $25,037,131 |
Epic-Cure Inc St Augustine, FL | $312,618 | $8,316,447 |
Gulf Coast Childrens Advocacy Panama City, FL | $5,514,072 | $7,744,827 |
Gang Alternative Inc Miami, FL | $2,177,395 | $7,044,505 |
Big Brothers And Big Sisters Of Greater Miami Miami, FL | $13,886,069 | $6,863,222 |
Pga Tour Charities Inc Ponte Vedra Beach, FL | $3,965,513 | $4,568,205 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Project Lift Inc Palm City, FL | $4,577,307 | $5,295,911 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
National Association Of School Resource Officers Inc Hoover, AL | $2,764,517 | $2,530,653 |
Chi Chi Rodriguez Youth Foundation Clearwater, FL | $6,554,423 | $3,026,645 |