Explore Bike Share Inc

Organization Overview

Explore Bike Share Inc is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (P52) the organization is classified as: Transportation Assistance, under the broad grouping of Human Services and related organizations. As of 12/2021, Explore Bike Share Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Explore Bike Share Inc 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, Explore Bike Share Inc generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.4% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 36.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: EXPLORE BIKE SHARE IS FUNDAMENTALLY REVOLUTIONIZING PERSONAL MOBILITY IN MEMPHIS BY CREATING A HEALTHY, CLEAN, AND ACCESSIBLE TRANSPORTATION ALTERNATIVE THAT ALSO ADVANCES MEMPHIS IN CULTURE AND TOURISM AND CONNECTS OUR COMMUNITIES. EXPLORE BIKE SHARE, INC. DEVELOPED AND IMPLEMENTED A BIKE-SHARING PROGRAM FOR THE BENEFIT OF AS MANY MEMPHIANS AS POSSIBLE. THE ORGANIZATION PROMOTES BIKE CULTURE THROUGH COMMUNITY DEVELOPMENT, BIKE EDUCATION, AND SAFETY TRAINING. FINALLY, THE ORGANIZATION ENCOURAGES EXERCISE AND HEALTHY LIFESTYLES FOR ALL MEMPHIANS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPING AND IMPLEMENTING A BIKE SHARE PROGRAM FOR THE BENEFIT OF THE GENERAL PUBLIC WITH ACCESS TO AS MANY MEMPHIANS AS POSSIBLE.


DEVELOPING AND IMPLEMENTING A BIKE SHARE PROGRAM FOR THE BENEFIT OF THE GENERAL PUBLIC WITH ACCESS TO AS MANY MEMPHIANS AS POSSIBLE.


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Board, Officers & Key Employees

Name (title)Compensation
Anton Mack
Executive Di
$90,044
Suzanne Carlson
Vice Chairma
$0
Justin Jamerson
Treasurer
$0
Doug Mcgowen
Chairman
$0
Jaske Goff
Director
$0
Porsche Stevens
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,490,385
All other contributions, gifts, grants, and similar amounts not included above$16,783
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,507,168
Total Program Service Revenue$253,585
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$25,317
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,735,436

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Explore Bike Share Inc has recieved totaling $5.

Awarding OrganizationAmount
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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