Main Line Cycle Center
- Assets
- $282.8k
- Revenue
- $226.1k
- Investments
- $0.0
- Employees
- 12
- Location
- St Paul, MN
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 27-5500795
Organization Overview
Main Line Cycle Center is located in St Paul, MN. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Main Line Cycle Center employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Main Line Cycle Center 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, Main Line Cycle Center generated $226.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $243.3k during the year ending 12/2021. While expenses have increased by 15.4% 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
LOWERTOWN BIKE SHOP (LBS) IS DEDICATED TO PROVIDING SUSTAINABLE TRANSPORTATION OPTIONS USING RECYCLED BIKES AND PARTS. LBS PROVIDES EDUCATIONAL OPPORTUNITIES TO PROMOTE HEALTH, SAFETY, ENVIRONMENTAL AWARENESS, AND CONNECTEDNESS WITHIN OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETAIL AND REPAIR SHOP LEVEL SERVICES FOR UNDERSERVED RIDERS: LOWERTOWN BIKE SHOP FOCUSED IT'S EFFORTS ON PROVIDING A WELCOMING AND EDUCATIONAL EXPERIENCE TO ALL FORMS OF UNDERSERVED RIDERS. THE BICYCLE INDUSTRY DEFINES AN AFFORDABLE BIKE AS ONE COSTING BELOW $1,000. WE SERVED A POPULATION OF FEMALE, LOW INCOME, RACIALLY DIVERSE, HOMELESS, MENTALLY ILL, DEVELOPMENTALLY DISABLED, URBAN COMMUTER, AND NOVICE RIDERS, MANY WITH A BUDGET OF LESS THAN $500. MANY OF THESE COMMUNITIES HAVE BEEN UNDERSERVED BY THE BICYCLE INDUSTRY.WE HAVE PROVIDED FOR THESE POPULATIONS BY SUPPLYING NEW AND USED BIKES THAT FIT ALL BODY TYPES, RIDING STYLES, AND EVERY BUDGET. WE ACCOMMODATE THESE RIDERS BY CUSTOM BUILDING FOR THEIR NEEDS AND BUDGETS, OFTEN UTILIZING USED PARTS AND BIKES. LOWERTOWN BIKE SHOP BUILT CUSTOM BIKES TO MEET THE NEEDS OF 128 PEOPLE IN 2021. OF THOSE PEOPLE, LBS DONATED 24 USED BIKES AT NO COST TO THE INDIVIDUAL. LBS ALSO SUPPLIED FREE AND/OR REDUCED COST BIKES, PARTS, AND SERVICES TO 12 INDIVIDUALS IN DEMONSTRATED NEED. NUMBER OF PERSONS BENEFITED: 140
RECYCLING AND REUSE: LOWERTOWN BIKE SHOP IS DEDICATED TO SUSTAINABILITY IN THE BICYCLING COMMUNITY. WE HAVE REFURBISHED AND FOUND A HOME FOR OVER 128 USED BIKES IN 2021. WE HAVE SAVED HUNDREDS OF BIKES FROM THE LANDFILL BY KEEPING A STOCK OF USED BIKES WAITING TO BE FIXED AND REHABILITATED FOR RIDERS IN NEED OF A BUDGET-FRIENDLY BIKE. BIKES THAT OTHERWISE WOULD HAVE ENDED UP IN THE TRASH. WE PARTICIPATED IN SEVERAL COMMUNITY CLEAN UP EVENTS PROCESSING, RECYCLING, AND KEEPING 367 BIKES. WE RECYCLED AT LEAST 3750 POUNDS OF SCRAP METAL THAT WOULD HAVE ENDED UP IN THE LANDFILL AND RECYCLED 536 TIRES AND 425 TUBES THROUGH OUR ON-SITE RECYCLING PROGRAM. OVER 200 WHEELS AND PARTS WERE DONATED TO COMMUNITY ARTISTS, CRAFTSMEN, AND ENGINEERS WORKING ON PROJECTS. NUMBER OF PERSONS BENEFITED: 128
EDUCATIONAL AND TRAINING SERVICES TO EMPLOYEES AND VOLUNTEERS: LOWERTOWN BIKE SHOP'S VOLUNTEER PROGRAM CLOCKED A TOTAL OF 766 VOLUNTEER HOURS. LBS ALLOWED INDIVIDUALS TO WORK OFF COMMUNITY SERVICE OR HELP FULFILL AN UNEMPLOYMENT OR SCHOOL REQUIREMENT. LBS ALSO CONTINUED PROVIDING JOBS AND COMPETITIVE WAGES IN OUR COMMUNITY. THEY HAVE MADE IT A PART OF THEIR TRAINING TO EDUCATE THEIR EMPLOYEES AND VOLUNTEERS IN BASIC MAINTENANCE, FIT, AND RIDING STYLES WITHOUT JUDGEMENT IN A WELCOMING ENVIRONMENT. NUMBER OF PERSONS BENEFITED: 128
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremy Wagner Executive Director | OfficerTrustee | 40 | $36,704 |
Lauren Bartley Board President | OfficerTrustee | 1 | $0 |
Jeremy Wendt Vice President | OfficerTrustee | 1 | $0 |
William Armstrong Treasurer | OfficerTrustee | 4 | $0 |
Jake Mclawhorn Board Member | Trustee | 5 | $0 |
Andy Zurn Board Member | Trustee | 4 | $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 | $0 |
| Investment income | $10 |
| 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 | $225,831 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $226,065 |
| 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. | $36,704 |
| Compensation of current officers, directors, key employees. | $5,506 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $110,319 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $268 |
| Advertising and promotion | $1,943 |
| Office expenses | $3,479 |
| Information technology | $3,524 |
| Royalties | $0 |
| Occupancy | $35,169 |
| Travel | $4,656 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $134 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,227 |
| Insurance | $7,121 |
| All other expenses | $0 |
| Total functional expenses | $243,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,337 |
| Savings and temporary cash investments | $35,516 |
| 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 | $227,025 |
| Prepaid expenses and deferred charges | $1,512 |
| Net Land, buildings, and equipment | $12,438 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,828 |
| Accounts payable and accrued expenses | $71,988 |
| 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 | $71,988 |
| Net assets without donor restrictions | $210,840 |
| 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 | $282,828 |
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