Overview
What is Bike New York Inc?
Bike New York Inc, located in New York City, is a dedicated nonprofit organization that strives to promote and foster bicycling and safety awareness. Their primary mission is achieved through educational initiatives, public events, and collaborative efforts with local community and government organizations. One of their most notable activities is the annual TD Bank five boro bike tour, which draws in 32,000 cycling enthusiasts, making it America's largest cycling event. Beyond this, Bike New York Inc also organizes regional rides outside New York City, attracting a significant number of participants. With a workforce of 78 individuals, the nonprofit continues to play a crucial role in promoting bicycle culture and safety in the community.
Official website here: www.bike.nyc
What are the reviews and ratings of this charity?
Charity Navigator rates Bike New York Inc with a score of 71%, which translates to a Two-Star out of Four Star rating. This score reflects mixed performance in various accountability and finance metrics, indicating that while the organization has strong community engagement and leadership adaptability, there are significant areas needing improvement in financial transparency and governance practices.
The organization shines with a high program expense ratio at 94.38%, demonstrating a strong commitment to its mission through effective program spending. Additionally, it maintains a fully independent board, which is a positive indicator of governance integrity. However, several critical policies related to transparency, including conflict of interest and whistleblower policies, are missing, which could raise concerns regarding accountability.
Despite these concerns, Bike New York Inc excels in feedback collection and usage, showcasing a commitment to community involvement and responsiveness. However, the lack of essential governance policies and the low scores in accountability and finance suggest that potential donors should consider these factors when assessing their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bike New York Inc legitimate?
Bike New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bike New York Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $397,203
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,006,049
For more financial information, click here
Official website here: www.bike.nyc
What is the mission statement of Bike New York Inc?
Bike New York Inc, as an organization, is committed to promoting and advocating for bicycling and bicycle safety. They achieve this goal through various means, including educational programs, public events, and collaborations with community and government organizations. The primary objective is to increase the safety and popularity of cycling among the public. One of their significant initiatives is organizing the annual TD Bank Five Boro Bike Tour, which is the largest cycling event in the United States, attracting over 32,000 participants. Additionally, Bike New York Inc hosts regional rides outside of New York City, which also draw a substantial number of participants.
Official website here: www.bike.nyc
Who is the CEO of Bike New York Inc?
Kenneth J Podziba is the Chairman of Bike New York Inc. The CEO's salary of Bike New York Inc is $205,978 and their total compensation is $215,497.
Official website here: www.bike.nyc
What is the revenue of Bike New York Inc?
Bike New York Inc's revenue in 2020 was $2,379,962.
Official website here: www.bike.nyc
Who are the executives of Bike New York Inc and what are their salaries?
The average compensation at Bike New York Inc during 2020 was $17,990. There are 78 employees and 3500 volunteers at Bike New York Inc.
Here are 12 key members and their salaries (Bike New York Inc's CEO's salary is $205,978 and their total compensation is $215,497):
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- Compensation: $205,978
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- Other: $9,519
- Compensation: $191,225
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Official website here: www.bike.nyc
Where can I find the form 990 for Bike New York Inc?
Bike New York Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.bike.nyc
Learn more at the official website: www.bike.nyc
Mission Statement of Bike New York Inc
Bike New York Inc, as a nonprofit organization, is committed to advocating for and fostering a cycling culture. Their mission lies in promoting bicycling and enhancing bicycle safety through various means. They accomplish this by providing education, organizing public events, and collaborating with community and government organizations. By doing so, Bike New York Inc aims to encourage more individuals to adopt cycling as a mode of transportation and prioritize safety while on the roads.
One of the ways Bike New York Inc fulfills its mission is by organizing large-scale cycling events. Their most notable event is the annual TD Bank Five Boro Bike Tour, which attracts over 32,000 participants. This event not only showcases the joy of cycling but also serves as a platform for promoting bicycle safety and camaraderie among cyclists. Additionally, Bike New York Inc hosts regional rides outside of New York City, engaging thousands of participants and fostering a sense of community among cyclists.
In summary, Bike New York Inc is a dedicated organization with a mission to promote bicycling and enhance bicycle safety. Through education, public events, and collaborations with community and government organizations, they encourage individuals to embrace cycling as a sustainable and safe transportation option. By organizing events such as the TD Bank Five Boro Bike Tour and regional rides, Bike New York Inc creates opportunities for cyclists to connect, learn, and celebrate their shared passion for cycling.
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Impact
October, 2024
Bike New York Inc significantly enhances the cycling culture in New York City and beyond by promoting and encouraging bicycling and bicycle safety. Through educational programs and public events, the organization fosters a sense of community around cycling while also emphasizing safe riding practices.
One of its most notable contributions is the annual TD Bank five boro bike tour, which is America’s largest cycling event, attracting 32,000 participants each year. This event not only highlights the joy of biking but also showcases the city’s cycling infrastructure, encouraging both residents and visitors to engage in cycling as a viable mode of transportation.
Additionally, Bike New York Inc organizes regional rides outside of the city, drawing thousands of participants and promoting cycling in various communities. Their collaborative approach with local and government organizations strengthens the impact of their initiatives, ensuring a safe and supportive environment for cyclists.
Overall, Bike New York Inc plays a crucial role in transforming attitudes towards biking, making it an accessible and safe recreational activity for all.
This information is meant to be a general summary of Bike New York Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2020.
- Investment Income: $10,078
- Program Service Revenue: $1,361,788
- Gross Receipts: $2,497,072
Assets and Liabilities:
- Total Assets: $4,166,926
- Total Liabilities: $2,170,841
- Net Assets: $1,996,085
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participation Fees - Reg.
Revenue
$1,361,788
Organization Details
Founding Year
2000
Phone
(212) 682-2340Principal Officer
Kenneth J Podziba
Main Address
140 East 45th Street, New York, NY, 10017
Website
www.bike.nycNTEE Category
Code: N99 - Recreation
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