Durham Bicycle Cooperative
- Assets
- $188.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 07/2009
- Data as of
- 12/2022
- EIN
- 26-3522625
Organization Overview
Durham Bicycle Cooperative is located in Durham, NC. The organization was established in 2009. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durham Bicycle Cooperative 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, Durham Bicycle Cooperative generated $58.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.7%) each year. All expenses for the organization totaled $41.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
COOP SHOP OPERATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Close Treasurer | 2 | $0 | |
Jennifer Swenson Secretary | 3 | $0 | |
Mason Manis Board Member | 4 | $0 | |
Hillary Porter Board Member | 5 | $0 | |
Michelle Sharpe Board Member | 5 | $0 | |
Rick Steeves Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,728 |
| Total Program Service Revenue | $1,243 |
| Membership dues | $5,590 |
| Investment income | $42 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $58,638 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,000 |
| Occupancy, rent, utilities, and maintenance | $16,345 |
| Printing, publications, postage, and shipping | $396 |
| Other expenses | $7,474 |
| Total expenses | $41,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,518 |
| Other assets | $0 |
| Total assets | $188,314 |
| Total liabilities | $255 |
| Net assets or fund balances | $188,059 |