Nice Ride Minnesota

Organization Overview

Nice Ride Minnesota is located in Minneapolis, MN. The organization was established in 2009. According to its NTEE Classification (W40) the organization is classified as: Public Transportation Systems, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nice Ride Minnesota 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, Nice Ride Minnesota generated $586.5k 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 (21.2%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (14.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENHANCE QUALITY OF LIFE BY PROVIDING CONVENIENT, EASY-TO-USE BIKE SHARING AND FLEET PROGRAMS THAT WILL PROVIDE RESIDENTS AND VISITORS A HEALTHY, FUN, DIFFERENT WAY TO GET AROUND TOWN.

Describe the Organization's Program Activity:

Part 3 - Line 4a

NICE RIDE MINNESOTA'S PRIMARY PROGRAM IS OVERSIGHT OF A PUBLIC BIKE SHARING SYSTEM, WHICH CREATES A SIMPLE, LOW-COST ALTERNATIVE TRANSPORTATION SOLUTION TO INCREASE PHYSICAL ACTIVITY LEVELS, REDUCE CONGESTION, REDUCE DEPENDENCE ON FOSSIL FUELS AND AUTO EMISSIONS, AND ENHANCE URBAN VITALITY. THE SYSTEM COMPLEMENTS PUBLIC TRANSIT AND CAR-SHARING PROGRAMS, PROVIDING GREATER TRANSPORTATION CHOICES. PRIOR TO JULY 2, 2018, NICE RIDE MINNESOTA OWNED AND OPERATED THE SYSTEM, WHICH INCLUDED 201 STATIONS AND 1,850 BICYCLES. IN 2018, NICE RIDE MINNESOTA BEGAN A TRANSITION. DURING THE TRANSITION PERIOD (UNTIL THE END OF OUR GRANT-FUNDED CONTRACT WITH THE CITY OF MINNEAPOLIS IN AUGUST 2021), NICE RIDE REMAINED THE EXCLUSIVE LICENSEE OF CITY OF MINNEAPOLIS AND WAS AUTHORIZED TO CONTRACT WITH MOTIVATE MINNESOTA LLC (SELECTED THROUGH A PUBLIC SOLICITATION) TO OPERATE THE SYSTEM. MOTIVATE MINNESOTA LLC SUBSEQUENTLY MERGED INTO LYFT BIKES & SCOOTERS. THROUGH OVERSIGHT OF THIS CONTRACT, NICE RIDE MINNESOTA MEETS OBJECTIVES FOR QUALITY, RELIABILITY, EQUITY, AND ORDER IN THE RIGHT-OF-WAY AS SET FORTH IN THE 2018 UPDATE TO NONPROFIT BUSINESS PLAN. LYFT MUST ALSO DELIVER A SUBSTANTIAL E-BIKE EXPANSION PURSUANT TO A MASTER PLANNING PROCESS. BECAUSE NICE RIDE MINNESOTA IS NO LONGER EMPLOYING AN OPERATIONS STAFF OR RAISING FUNDS TO PURCHASE NEW EQUIPMENT, THIS TRANSITION HAS A MAJOR IMPACT ON OUR FINANCIAL STATEMENTS. NICE RIDE MINNESOTA CONTINUES TO OWN THE OLD GRANT-FUNDED EQUIPMENT. REVENUE FROM THAT EQUIPMENT AND THE OPERATING FEE FOR THAT SYSTEM ARE REFLECTED IN NICE RIDE MINNESOTA'S FINANCIALS. ANCILLARY TO THIS OVERSIGHT WORK, NICE RIDE IS ENGAGED IN ADVOCACY, SEEKING TO SHARE THE RESULTS OF ITS TRANSITION AGREEMENTS WITH OTHER CITIES AND NONPROFITS AS AN EXAMPLE AND TO ADVOCATE FOR JOINT ACTION BY RIGHT OF WAY OWNERS TO CONTRACT WITH PRIVATELY-FUNDED SHARED MOBILITY SERVICES IN WAYS THAT WILL ACHIEVE PUBLIC GOALS. FOR MORE INFORMATION AND COPIES OF OUR UPDATED BUSINESS PLAN AND CONTRACTS, SEE: HTTPS://MANAGESHAREDMOBILITYMN.ORG/HISTORY.THE GRANT-FUNDED AGREEMENTS THAT FUNDED NICE RIDE MINNESOTA EXPIRED IN 2021, MARKING THE END OF OUR TWELVE-YEAR PILOT PROJECT. LYFT BIKES & SCOOTERS LLC IS NOW A DIRECT LICESEE OF THE CITY OF MINNEAPOLIS AND OPERATES OUR AGING GRANT-FUNDED EQUIPMENT FOR US PURSUANT TO A PROGRAM AGREEMENT. NICE RIDE MINNESOTA IS EXPLORING OPTIONS TO MERGE INTO ANOTHER LOCAL NONPROFIT ORGRANIZATION WITH A SIMILAR MISSION AND A STRONG ALIGNMENT WITH THE GOALS OF OUR FOUNDING GRANTORS.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Dossett
Executive Director
$33,500
Michael Laux
Treasurer
$0
Mark Bixby
President
$0
Jim Van Iwaarden
Secretary
$0
Rt Rybak
Director
$0
Micheal Sammler-Jones
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$521,505
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 $586,510

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Nice Ride Minnesota has recieved totaling $45,000.

Awarding OrganizationAmount
Peopleforbikes Foundation

Boulder, CO

PURPOSE: TO IMPROVE INFRASTRUCTURE TO OBTAIN OR ENHANCE "BICYCLE FRIENDLY COMMUNITY" STATUS.

$20,000
American Endowment Foundation

Hudson, OH

PURPOSE: PROGRAMS

$15,000
Mayo Clinic

Rochester, MN

PURPOSE: SUPPORT CHARITABLE PROGRAMS

$10,000
View Grant Recipient Profile

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