Second Cycle Community Bicycle Shop
- Assets
- $128.0k
- Revenue
- $461.1k
- Investments
- $0.0
- Employees
- 13
- Location
- Tacoma, WA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-2637950
Organization Overview
Second Cycle Community Bicycle Shop is located in Tacoma, WA. The organization was established in 2013. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Second Cycle Community Bicycle Shop employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Cycle Community Bicycle Shop 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, Second Cycle Community Bicycle Shop generated $461.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $508.3k during the year ending 12/2021. 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
TO DEMYSTIFY AND NORMALIZE BIKE RIDING AS A PART OF DAILY LIFE AND REALIZE THE BICYCLE AS A TOOL OF PERSONAL AND COMMUNITY EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BICYCLE SERVICES - WE FULFILL OUR MISSION BY PROVIDING THE COMMUNITY WITH AFFORDABLE BIKE SALES AND SERVICE. THERE ARE NO USED BIKE SHOPS LIKE US THAT PROVIDE THE UNIQUE SERVICES THAT WE DO IN OUR COMMUNITY. WE SELL APPROXIMATELY 600 USED BIKES A YEAR RECYCLE REUSE - WE RECYCLE AND REUSED 1,725 BIKES IN 2021. WE ESTIMATE THAT WE RECYCLE 34,000 LBS OF SCRAP METAL, PROCESS 10,000 LBS OF PARTS AND ACCESSORIES, AND RECYCLE APPROXIMATELY 1200 LBS OF TIRES. BIKE CAMP - WE RUN A SPRING AND SUMMER DAYTIME URBAN BIKE CAMP WHERE YOUTH EXPLORE THE CITY BY BIKE AS A GROUP. WE HAD 34 BIKE CAMPERS OVER THE TOTAL OF 6 WEEKS OF PROGRAMMING IN 2021. EARN A BIKE - THIS IS A EARNING AND LEARNING COURSE WHERE YOUTH BUILD UP A BIKE FROM THE FRAME UP. ITS A 6 SESSION COURSE WHERE STUDENTS LEARN SOMETHING ABOUT THEIR BIKE AND HOW TO FIX IT AT EACH SESSION. WE HAD 4 TOTAL STUDENTS EARN A BIKE PROGRAMMING - WE WERE JUST STARTING THIS PROGRAM BACK UP AND IT HAS BEEN SLOW TO RECOVER POST COVID. BIPOC PROGRAMMING - OUR BIPOC PROGRAMS AIM TO DIVERSIFY THE CYCLISING COMMUNITY BY INVITING IN AND MAKING SPACE FOR THE BIPOC COMMUNITY. WE HELD 7 BIPOC OPEN SHOP NIGHTS AND DID $700 WORTH OF IN KIND SERVICE FOR THAT COMMUNITY. THIS WINTER, WE INTRODUCED BIPOC COMMUNITY SHREDS, A GROUP MOUNTAIN BIKE RIDE AT SWAN CREEK. THESE RIDES ARE FOR FOLKS WHO DO NOT HAVE A MOUNTAIN BIKE OR ARE MOUNTAIN BIKE CURIOUS, AND ARE SHOWN THE TRAILS AT SWAN CREEK PARK. WE UNDERSTAND THAT THE COST OF ENTRY FOR MOUNTAIN BIKING IS VERY EXPENSIVE, SO WE LET FOLKS KNOW IF THEY DO NOT HAVE A MOUNTAIN BIKE, THEY CAN USE A BIKE FROM OUR SWAN CREEK FLEET. COMMUNITY EVENTS - WE HELD 5 COMMUNITY SLOW RIDES TO PROMOTE SAFER STREETS FOR CYCLISTS IN THE COMMUNITY. WE HAD A TOTAL OF 118 PARTICIPANTS IN TOTAL. WE DO THESE EVENTS IN THE SPRING AND SUMMER. PEDALS FOR THE PEOPLE IS A BIKE GIFTING PROGRAM FOR YOUTH AND ADULTS IN NEED. WE GAVE AWAY 67 BIKES TO YOUTH AND WE GAVE 58 BIKES TO ADULTS. THE BIKES ARE GIVEN AWAY ON A DEMONSTRATED NEEDS BASIS, USUALLY LOW INCOME OR HOMELESS FOLKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noah Struthers Executive Director | 40 | $50,964 | |
Paul Bernstein Board Chair | OfficerTrustee | 2 | $0 |
Gene Smith Treasurer | OfficerTrustee | 2 | $0 |
Kaitlan Ohler Secretary | OfficerTrustee | 1 | $0 |
Joe Cobb Director | Trustee | 2 | $0 |
Christopher James Director | Trustee | 1 | $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 | $113,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,489 |
| Total Program Service Revenue | $347,517 |
| Investment income | $51 |
| 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 | $461,057 |
| 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. | $53,964 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238,809 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,972 |
| Payroll taxes | $31,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $3,556 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,596 |
| Advertising and promotion | $3,675 |
| Office expenses | $18,252 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,865 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,092 |
| Insurance | $8,861 |
| All other expenses | $0 |
| Total functional expenses | $508,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,943 |
| 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 | $37,147 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $13,456 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450 |
| Total assets | $127,996 |
| 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 | $29,056 |
| Total liabilities | $29,056 |
| Net assets without donor restrictions | $98,940 |
| 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 | $127,996 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Second Cycle Community Bicycle Shop has recieved totaling $36,845.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $31,183 |
The Russell Family Foundation Gig Harbor, WA PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
The Russell Family Foundation Gig Harbor, WA PURPOSE: EMPLOYEE MATCHING GIFT | $592 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bogus Basin Recreational Association Inc Boise, ID | $46,317,887 | $20,708,902 |
Starfire Sports A Nonprofit Corporation Tukwila, WA | $5,436,730 | $5,826,553 |
Wood River Community Young Mens Christian Association Inc Boise, ID | $15,395,276 | $3,669,293 |
Dimond Park Field House Inc Juneau, AK | $0 | $66,071 |
Grants Pass Family Ymca Grants Pass, OR | $3,531,287 | $2,517,620 |
Eastside Community Center Qalicb Tacoma, WA | $30,479,227 | $236,034 |
Peace Community Center Tacoma, WA | $4,246,736 | $1,320,557 |
Cowlitz Timber Trails Association Salkum, WA | $1,456,183 | $1,262,956 |
Shelton Family Center Shelton, WA | $327,973 | $788,415 |
Hailey Ice Park Inc Hailey, ID | $6,029,336 | $568,542 |
Max Higbee Community Recreation Center Bellingham, WA | $885,557 | $695,669 |
Second Cycle Community Bicycle Shop Tacoma, WA | $127,996 | $461,057 |