Franklinton Cycleworks
- Assets
- $756.2k
- Revenue
- $515.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 27-4196075
Organization Overview
Franklinton Cycleworks is located in Columbus, OH. The organization was established in 2012. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklinton Cycleworks 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 12/2023, Franklinton Cycleworks generated $515.9k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $438.7k during the year ending 12/2023. While expenses have increased by 29.8% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
A COMMUNITY BICYCLE SHOP IS DIFFERENT FROM A REGULAR BICYCLE SHOP. AROUNDHERE, BIKE REPAIR IS A COOPERATIVE EFFORT RATHER THAN A WAY TO MAKE MONEY.WHAT WE'RE DOING ISN'T JUST ABOUT BUILDING BIKES. IT'S ABOUT BUILDINGRELATIONSHIPS AND BRINGING A COMMUNITY TOGETHER. OUR SHOP SPACE, STANDS,AND TOOLS ARE AVAILABLE FREE OF COST FOR ANYONE WHO WANTS TO WORK ON HIS ORHER BIKE. AND VOLUNTEER MECHANICS ARE ON HAND TO SHARE THEIR KNOWLEDGE ANDEXPERIENCE.FCW IS A PLACE OF CO-WORKING AND CO-LEARNING. WE BELIEVE EVERYONE HASSOMETHING TO LEARN AND SOMETHING TO OFFER WHICH MEANS NO MATTER WHO YOUARE, YOU HAVE A PLACE AT FCW. TOGETHER, WE'RE BUILDING MORE CONNECTED, MOREEMPOWERED INDIVIDUALS AND A MORE VIBRANT NEIGHBORHOOD.FCW IS ALSO A RECYCLING CENTER. WE ACCEPT ANY AND ALL BICYCLE RELATEDDONATIONS REGARDLESS OF CONDITION. WE REFURBISH AND RE-PURPOSE WHAT WE CANAND RECYCLE ANYTHING THAT'S NO LONGER USABLE. WE THROW AWAY AS LITTLE ASPOSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPEN SHOP AND BIKE SCHOOL: FREE BICYCLE REPAIR, MAINTENANCE, AND EDUCATION FOR FRANKLINTON RESIDENTS.
YOUTH AND ADULT BICYCLE PROGRAMS: INCLUDES PROVISION OF FREE AND LOW-COST BICYCLES AND ACCESSORIES, EDUCATION, AND EVENTS TO ENCOURAGE AN ACTIVE LIFESTYLE.
BIKE SALES: REFURBISHMENT AND SALE OF BICYCLES, PARTS, AND ACCESSORIES. PROCEEDS FROM SALES SUPPORT THE FUNDING OF OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Youngman Executive Director | OfficerTrustee | 1 | $55,178 |
Dana Dorsey Board Chair | OfficerTrustee | 0 | $0 |
Brent Adler Board Member | Trustee | 0 | $0 |
Beth Spears Secretary | OfficerTrustee | 0 | $0 |
John Turvy Treasurer | OfficerTrustee | 0 | $0 |
Kevin Dubenion Board Member | Trustee | 0 | $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 | $119,063 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $119,063 |
| Total Program Service Revenue | $396,807 |
| 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 | $515,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $59 |
| 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. | $55,178 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,716 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12 |
| Fees for services: Accounting | $1,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,530 |
| Advertising and promotion | $12,299 |
| Office expenses | $2,326 |
| Information technology | $1,004 |
| Royalties | $0 |
| Occupancy | $47,927 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,607 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,234 |
| Insurance | $1,822 |
| All other expenses | $112 |
| Total functional expenses | $438,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $148,416 |
| 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 | $607,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $756,220 |
| 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 | $411,970 |
| Total liabilities | $411,970 |
| Net assets without donor restrictions | $344,250 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $756,220 |