Overview
What is Humble Sons Bike Company?
Humble Sons Bike Company is a small yet impactful nonprofit organization situated in Broken Arrow, Oklahoma. With a single employee, their mission is to uplift underprivileged children by providing them with bicycles, helmets, locks, and necessary parts. To achieve this goal, they employ marketing strategies and fundraising efforts to raise awareness about their cause. Their activities are centered around community engagement, aiming to build confident cyclists and contribute positively to the community of Tulsa. The organization manages the mobilization and distribution costs associated with their initiatives, ensuring that deserving children have access to these essential items.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating.
Humble Sons Bike Company has achieved a 71% rating from Charity Navigator, indicating areas of strength in governance and financial management, particularly with a high program expense ratio of 95.05%. This suggests that a significant portion of their funds is directed towards their programs rather than administrative costs. The organization benefits from having a fully independent board, which supports transparency and accountability.
However, there are notable limitations. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about operational transparency and risk management practices. Additionally, while their liabilities to assets ratio is commendably at 0%, the missed opportunities in policy implementation could hinder the organization's overall effectiveness and credibility in the eyes of potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Humble Sons Bike Company legitimate?
Humble Sons Bike Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Humble Sons Bike Company 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: $196,363
For more financial information, click here
What is the mission statement of Humble Sons Bike Company?
The Humble Sons Bike Company has a mission to help build confident cyclists and contribute positively to their community. A significant part of their mission involves providing bicycles and helmets to underprivileged children, aiming to enhance their mobility and opportunities. To achieve this, the organization employs various marketing strategies and fundraising efforts to raise awareness about the need for such support. They also manage the costs associated with procuring bikes, helmets, locks, and necessary parts, and facilitate their distribution to deserving children.
Who is the CEO of Humble Sons Bike Company?
Jason B Whorton is the Principal Officer of Humble Sons Bike Company.
What is the revenue of Humble Sons Bike Company?
Humble Sons Bike Company's revenue in 2022 was $1,100,909.
Who are the executives of Humble Sons Bike Company and what are their salaries?
The average compensation at Humble Sons Bike Company during 2022 was $196,363. There is 1 employee at Humble Sons Bike Company.
Here are 6 key members and their salaries:
- Compensation: $44,750
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Humble Sons Bike Company?
Humble Sons Bike Company's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Humble Sons Bike Company
Humble Sons Bike Company, a community-focused organization, is committed to a mission that goes beyond just promoting cycling. Their primary objective is to empower underprivileged children by providing them with bicycles and helmets. This initiative serves not only as a means of transportation but also as a tool to instill confidence and foster a sense of belonging within these children. By doing so, Humble Sons Bike Company aspires to contribute to the overall development of these young individuals, thereby nurturing great citizens for their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Humble Sons Bike Company significantly impacts the community by building confident cyclists and fostering a sense of belonging among the youth in Broken Arrow, OK. Through effective marketing strategies and community engagement, the organization raises awareness about the importance of cycling while also addressing the critical need for safe bicycles and helmets for underprivileged children.
By mobilizing resources and conducting fundraising efforts, Humble Sons successfully distributes bikes, helmets, locks, and parts, empowering children who might otherwise lack access to such opportunities. This not only promotes physical activity and healthy living but also instills a sense of independence and responsibility in young individuals. The initiative plays a vital role in developing the next generation of cyclists and contributes to the overall well-being of the community.
This information is meant to be a general summary of Humble Sons Bike Company. 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.
- Investment Income: $170
- Gross Receipts: $1,102,264
Assets and Liabilities:
- Total Assets: $872,406
- Total Liabilities: $0
- Net Assets: $872,406
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2008
Phone
(918) 607-2385Principal Officer
Jason B Whorton
Main Address
1613 WEST LINCOLN PLACE, BROKEN ARROW, OK, 74012
NTEE Category
Code: O99 - Youth development
If you are a representative of Humble Sons Bike Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.