Humble Sons Bike Company
- Assets
- $677.1k
- Revenue
- $832.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Broken Arrow, OK
- Founding
- 05/2009
- Data as of
- 12/2021
- EIN
- 26-2582629
Organization Overview
Humble Sons Bike Company is located in Broken Arrow, OK. The organization was established in 2009. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humble Sons Bike Company 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, Humble Sons Bike Company generated $832.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.3% each year . All expenses for the organization totaled $541.8k during the year ending 12/2021. While expenses have increased by 25.4% 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
BUILDING CONFIDENT CYCLISTS AND GREAT TULSANS THROUGH COMMUNITY ENGAGEMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING STRATEGIES UNDERTAKEN TO ATTRACT ATTENTION AND PROMOTE ORGANIZATION'S PURPOSE.MARKETING AND FUNDRAISING TO RAISE AWARENESS OF NEED TO PROVIDE BICYCLES AND HELMETS TO DESERVING CHILDREN.MOBILIZATION EFFORTS AND DISTRIBUTION COSTS OF BIKES, HELMETS, LOCKS, AND PARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Whorton Executive Director | OfficerTrustee | 25 | $44,000 |
Mike Wozniak Program Manager | OfficerTrustee | 35 | $44,000 |
Lance Miller Program Manager | OfficerTrustee | 35 | $41,500 |
Adam Vanderburg Program Manager | OfficerTrustee | 35 | $41,500 |
Gary Percefull Board - President | OfficerTrustee | 0 | $0 |
Susan Mccalman Board - Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,347 |
| All other contributions, gifts, grants, and similar amounts not included above | $807,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $832,026 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $832,026 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,682 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,214 |
| Fees for services: Accounting | $5,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,712 |
| Advertising and promotion | $0 |
| Office expenses | $662 |
| Information technology | $3,185 |
| 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 | $1,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,784 |
| All other expenses | $64,389 |
| Total functional expenses | $541,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $677,094 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,094 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $677,094 |
| Total liabilities and net assets/fund balances | $677,094 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Humble Sons Bike Company has recieved totaling $551,569.
| Awarding Organization | Amount |
|---|---|
Sanford P & Irene F Burnstein Charitable Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $322,106 |
William S Smith Charitable Tr Tulsa, OK PURPOSE: BIKE CLUB GENERAL OPERATING CONTRIBUTIONS | $50,000 |
Ed Darby Foundation Inc Tulsa, OK PURPOSE: PROVIDE BICYCLES FOR CHILDREN | $50,000 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: General Operations | $50,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: GENERAL OPERATING SUPPORT FOR OUT OF SCHOOL TIME (OST) BIKE CLUB SKILLS CAMPS, AFTER-SCHOOL FACULTY SPONSOR STIPENDS AND IN-SCHOOL EXPANDED LEARNING THROUGH 3RD GRADE BIKE PHYS ED | $25,000 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $21,310 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities In Schools Of The South Plains Lubbock, TX | $5,510,037 | $11,639,897 |
Kick Drugs Out Of America Foundation Houston, TX | $3,251,630 | $6,283,893 |
With God All Things Are Possible Colorado Springs, CO | $4,122,632 | $7,003,713 |
Invest In Kids Denver, CO | $2,954,407 | $4,581,934 |
Teens Inc Nederland, CO | $2,254,072 | $4,597,611 |
Camp For All Foundation Houston, TX | $19,527,838 | $4,309,337 |
Rocky Mountain Youth Corps Steamboat Springs, CO | $3,861,712 | $4,727,186 |
Kidz Of Joy Learning Foundation Hazelwood, MO | $4,719,790 | $7,439,729 |
Positive Tomorrows Inc Oklahoma City, OK | $15,149,548 | $3,924,805 |
Colorado Rampage Monument, CO | $799,261 | $2,891,993 |
Learn Fresh Education Co Denver, CO | $4,040,428 | $5,838,413 |
Colorado Childrens Campaign Inc Denver, CO | $3,915,309 | $2,268,185 |