Redemptive Cycles Services Inc
- Assets
- $203.8k
- Revenue
- $485.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Birmingham, AL
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 46-3471015
Organization Overview
Redemptive Cycles Services Inc, operating under the name Redemptive Cycles, is located in Birmingham, AL. The organization was established in 2014. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Redemptive Cycles employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redemptive Cycles 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, Redemptive Cycles generated $485.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $406.5k during the year ending 12/2021. While expenses have increased by 22.6% per year over the past 6 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
THE MISSION IS TO MAKE BIRMINGHAM, AL A MORE CONNECTED, COMFORTABLE AND LIVABLE CITY THROUGH THE USE OF BICYLCES. BICYLCES ARE AFFORDABLE TRANSPORTATION WHICH FIGHT TRAFFIC CONGESTION AND POLLUTION IN THE CITY CENTER WHILE BOOSTING HEALTH AND FITNESS. THE BICYCLE SHOP SELLS NEW AND REFURBISHED BICYCLES ALONG WITH PROFESSIONAL QUALITY REPARS BASED ON A SLIDING SCALE FOR THOSE IN NEED. THOSE INDIVIDUALS THAT CANNOT AFFORD A BICYCLE CAN PARTICIPATE IN THE "EARN-A-BIKE" PROGRAM WHERE THEY WORK IN THE SHOP, LEARN HOW TO REPAIR AND MAINTAIN A BICYCLE AND EARN A BICYCLE OF THEIR OWN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BICYLCE SALES AND REPAIR SHOP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Olivia Hart Executive Director | Officer | 40 | $0 |
Marcus Fetch Board Member | Trustee | 0.5 | $0 |
Tom Robertshaw Board Member | Trustee | 0.5 | $0 |
Danny Feldman Board Member | Trustee | 0.5 | $0 |
Ryan Davis Board Member | Trustee | 0.5 | $0 |
Amanda Rush Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,255 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,255 |
| Total Program Service Revenue | $382,350 |
| Investment income | $13 |
| 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 | $485,618 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $128,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,789 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $983 |
| Office expenses | $836 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,441 |
| 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 | $1,295 |
| Insurance | $899 |
| All other expenses | $16,271 |
| Total functional expenses | $406,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,223 |
| Savings and temporary cash investments | $150,827 |
| 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 | $725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45 |
| Total assets | $203,820 |
| Accounts payable and accrued expenses | $6,297 |
| 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 | $6,297 |
| Net assets without donor restrictions | $197,523 |
| 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 | $203,820 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Redemptive Cycles Services Inc has recieved totaling $7,148.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Greater Birmingham Birmingham, AL PURPOSE: GENERAL SUPPORT | $7,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Newtown Recreation Inc Alpharetta, GA | $134,249 | $1,016,888 |
Florida Recreation And Park Association Inc Tallahassee, FL | $1,274,371 | $1,163,180 |
Emerald Coast Fitness Foundation Fort Walton Beach, FL | $117,412 | $758,974 |
Georgia Recreation And Park Association Inc Conyers, GA | $880,188 | $570,815 |
Streethopetn Powell, TN | $3,530,882 | $1,642,282 |
Girl Power For Good Foundation Inc Valparaiso, FL | $1,749,186 | $1,119,678 |
Rhea County Community Center Dayton, TN | $104,880 | $427,032 |
Standing Boy Inc Columbus, GA | $152,043 | $525,287 |
Redemptive Cycles Services Inc Birmingham, AL | $203,820 | $485,618 |
Catalyst Sports Inc Atlanta, GA | $145,521 | $371,257 |
Cherokee Recreation Center Inc Centre, AL | $36,036 | $305,621 |
Police Athletic League Of Clay County Green Cove Springs, FL | $320,576 | $317,151 |