Overview
What is Dream Bikes Inc?
Dream Bikes Inc, located at 1131 N SHERMAN AVE, Madison, WI 53704, is a dedicated nonprofit organization. Its primary mission is to empower underprivileged and minority youth by providing them with training and employment opportunities in bike repair and retail business management. By operating a resale shop that sells student-repaired bicycles, the youth gain practical skills while also contributing positively to their communities. Dream Bikes Inc also extends assistance to underprivileged children and aims to make a difference in low-income, troubled neighborhoods through the use of bicycles. The nonprofit currently employs 52 individuals in its mission.
Is Dream Bikes Inc legitimate?
Dream Bikes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dream Bikes 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,500
For more financial information, click here
What is the mission statement of Dream Bikes Inc?
Dream Bikes Inc's mission is centered around providing opportunities for underprivileged and minority youth. By operating a resale shop selling refurbished bicycles, the organization offers employment opportunities where these young individuals can learn the fundamentals of bike repair and retail business operations. Additionally, Dream Bikes Inc extends assistance to underprivileged children and the community at large. The organization leverages bicycles as a tool to positively impact low-income, troubled communities. Through this mission, Dream Bikes Inc aims to make a significant difference in the lives of the youth and the communities they serve.
Who is the CEO of Dream Bikes Inc?
Matthew Martinez is the President of Dream Bikes Inc.
What is the revenue of Dream Bikes Inc?
Dream Bikes Inc's revenue in 2022 was $208,173.
Who are the executives of Dream Bikes Inc and what are their salaries?
The average compensation at Dream Bikes Inc during 2022 was $1,587. There are 52 employees at Dream Bikes Inc.
Here are 3 key members and their salaries:
- Compensation: $82,500
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Dream Bikes Inc?
Dream Bikes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dream Bikes Inc
Dream Bikes Inc, a nonprofit organization, is committed to making a positive impact in low-income, troubled communities. With a mission that is twofold, Dream Bikes Inc aims to provide underprivileged and minority youth with employment opportunities and training in bicycle repair, while also offering assistance to underprivileged children and families. The organization achieves this by operating a resale shop selling student-repaired bicycles. This setup not only offers employment to the youth, allowing them to learn the fundamentals of bike repair and running a small retail business, but also provides affordable bicycles to the community. In this way, Dream Bikes Inc leverages the power of bicycles to help improve the lives of those in need.
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Impact
October, 2024
Dream Bikes Inc makes a profound impact by empowering underprivileged and minority youth through hands-on training and employment opportunities. It operates a resale shop where students can gain practical skills in bike repair and small business management while working directly within their community.
This initiative not only provides essential job skills but also fosters personal growth and responsibility among young individuals. By using bicycles as a vehicle for change, Dream Bikes Inc addresses broader social issues, helping to uplift low-income communities. The organization creates a supportive environment that promotes education, encourages teamwork, and inspires youth to overcome obstacles. In doing so, it cultivates a sense of pride and accomplishment, ultimately enhancing the overall quality of life in the neighborhoods it serves.
This information is meant to be a general summary of Dream Bikes 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 2022.
- Gross Receipts: $617,591
Assets and Liabilities:
- Total Assets: $231,311
- Total Liabilities: $18,566
- Net Assets: $212,745
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Organization Details
Principal Officer
Matthew Martinez
Main Address
1131 N SHERMAN AVE, MADISON, WI, 53704
NTEE Category
Code: B99 - Education
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