Overview
What is Second Cycle Community Bicycle Shop?
The Second Cycle Community Bicycle Shop is a nonprofit organization situated in Tacoma, Washington. Their primary mission is to make bicycles and related services accessible and affordable to the community, selling approximately 600 used bikes annually. They demonstrate commitment to sustainability by recycling and reusing bikes, scrap metal, and parts, saving around 28,000 lbs of scrap metal in 2022 alone. The organization offers various programs to nurture youth interest in cycling and promote community involvement. Their Bike Camp, Earn a Bike, and Bike Rodeo are designed to educate and engage young people in bike safety and maintenance. The Juvenile Court Programming offers alternatives for at-risk youth, while the Adult Programming focuses on making bikes a viable transportation option for everyone. The Community Tool Space and Pedal it Forward programs empower community members to maintain their own bikes, and the BIPOC Programming aims to diversify the cycling community. Additionally, they organize community events such as Slow Rides and the Pedals For the People bike gifting program, providing bikes, lights, locks, and helmets to low-income individuals. Overall, the Second Cycle Community Bicycle Shop works to demystify and normalize bike riding as a daily activity, realizing its potential as a tool for individual and community empowerment.
Official website here: www.2ndcycle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Second Cycle Community Bicycle Shop has achieved an impressive score of 97% from Charity Navigator, reflecting its strong performance in accountability and finance. The organization earned a perfect score in several categories, including having 100% independent board members and no material diversion of assets. This indicates a high level of financial integrity and governance, which is essential for donor trust.
The organization allocates 84.19% of its expenses directly to its programs, demonstrating a commitment to maximizing the impact of its resources. Additionally, it has established comprehensive policies related to conflict of interest, whistleblower protections, and document retention, further reinforcing its accountability and transparency practices.
While the rating is highly favorable, it primarily reflects financial metrics without detailed insights into program outcomes or community impact. Moving forward, Second Cycle Community Bicycle Shop may benefit from sharing qualitative data on its programs to provide a more holistic view of its performance and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Second Cycle Community Bicycle Shop legitimate?
Second Cycle Community Bicycle Shop is a legitimate nonprofit organization registered as a 501(c)(3) entity. Second Cycle Community Bicycle Shop 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: $56,841
Professional Fundraising Fees: $15,610
Other Salaries and Wages: $212,780
For more financial information, click here
Official website here: www.2ndcycle.org
What is the mission statement of Second Cycle Community Bicycle Shop?
The Second Cycle Community Bicycle Shop's mission is centered around promoting the normalization of bike riding as a daily activity and viewing the bicycle as a tool for personal and community empowerment. They accomplish this by offering affordable bikes, parts, and services in their unique shop, recycling and reusing bikes and related materials, and providing various youth and adult programs. These programs include bike camps, an "Earn a Bike" program, a Bike Rodeo for safety education, juvenile court diversion sessions, a community tool space for bike maintenance, and critical transportation repairs for low-income individuals. Furthermore, they host events and initiatives to diversify the cycling community and advocate for safer streets for cyclists.
Official website here: www.2ndcycle.org
Who is the CEO of Second Cycle Community Bicycle Shop?
Jen Doseti is the Treasurer of Second Cycle Community Bicycle Shop.
Official website here: www.2ndcycle.org
What is the revenue of Second Cycle Community Bicycle Shop?
Second Cycle Community Bicycle Shop's revenue in 2022 was $470,006.
Official website here: www.2ndcycle.org
Who are the executives of Second Cycle Community Bicycle Shop and what are their salaries?
The average compensation at Second Cycle Community Bicycle Shop during 2022 was $20,740. There are 13 employees and 58 volunteers at Second Cycle Community Bicycle Shop.
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Official website here: www.2ndcycle.org
Where can I find the form 990 for Second Cycle Community Bicycle Shop?
Second Cycle Community Bicycle Shop's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.2ndcycle.org
Learn more at the official website: www.2ndcycle.org
Mission Statement of Second Cycle Community Bicycle Shop
Second Cycle Community Bicycle Shop is dedicated to making bicycle riding a common part of daily life and recognizing its potential as a tool for personal and communal empowerment. The organization achieves this mission by offering the community reasonably priced bikes, parts, and services. In their distinctive bike shop, they sell around 600 used bicycles annually. Additionally, Second Cycle demonstrates its commitment to sustainability by recycling and reusing bikes, scrap metal, parts, and tires.
Beyond bicycle services, Second Cycle also provides various innovative programs to foster a love for cycling and positively impact the community. The organization ran a spring and summer urban bike camp in 2022, allowing youth to explore the city together while learning about bike safety and maintenance. Their "Earn a Bike" program is a six-session course that empowers students to build and maintain their bicycles, giving them a sense of accomplishment and independence. The Bike Rodeo is another popular event that teaches bike safety, road rules, and handling skills to over 300 youth participants each year.
In addition to youth programming, Second Cycle also offers juvenile court diversion programming, providing a rehabilitative path for at-risk youth and helping them avoid the justice system. Their Community Tool Space provides a welcoming environment for bike maintenance and repair, fostering self-sufficiency within their diverse cycling community. Through their Pedal it Forward project, they perform critical transportation-focused bike repairs for low-income individuals, and their BIPOC Programs aim to diversify the cycling community. Lastly, Second Cycle hosts community events, Slow Rides, and their "Pedals For the People" bike gifting program to promote safer streets for cyclists and provide bikes to those in need.
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Impact
July, 2024
Second Cycle Community Bicycle Shop's impact is significant in demystifying and normalizing bike riding as a part of daily life and realizing the bicycle as a tool of personal and community empowerment. It fulfills its mission by offering the community affordable bikes, parts, and services. The organization recycles and reuses a large number of bikes each year, demonstrating a strong commitment to sustainability. In addition, their youth programs, such as bike camps and the "Earn a Bike" program, engage young individuals and empower them to understand and repair bikes, fostering a love for cycling. They also provide adult programming, such as the Community Tool Space, which serves participants by offering tools and resources for bike maintenance and repair, making bike riding accessible to everyone regardless of their ability to pay. Through various initiatives like BIPOC programming, community events, and bike gifting programs, Second Cycle Community Bicycle Shop actively works to diversify the cycling community and advocate for safer streets for cyclists.
This information is meant to be a general summary of Second Cycle Community Bicycle Shop. 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: $27
- Program Service Revenue: $327,885
- Gross Receipts: $470,006
Assets and Liabilities:
- Total Assets: $102,122
- Total Liabilities: $38,642
- Net Assets: $63,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Bike Repairs
Revenue
$54,794
Bike Sales
Revenue
$262,059
Youth Classes
Revenue
$11,032
Organization Details
Founding Year
2011
Phone
(253) 327-1916Principal Officer
Jen Doseti
Main Address
1205 Martin Luther King Jr Way, Tacoma, WA, 98405
Website
www.2ndcycle.orgNTEE Category
Code: N31 - Recreation
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