Overview
What is Bike Library Inc?
Bike Library Inc, situated in Iowa City, Iowa, is a nonprofit organization dedicated to promoting cycling as a transportation option and improving community health. They specialize in recycling and upcycling donated bikes, advocating for bicycle infrastructure, and offering educational programs. Their flagship initiative, the six-month bicycle checkout, provides refurbished bikes at an affordable cost, catering to over 200 individuals in 2022. Additionally, they sell as-is bicycles and parts, offering low-cost options to patrons. The organization offers free repair classes, guided by skilled mechanics, and provides "Rent-A-Bench" services. In 2022, they served around 800 people through various programs. Their youth initiatives offer free bikes, safety education, and partnerships for school rides and bicycle camps. Through community rides, they aim to increase cycling confidence and reduce traffic congestion.
Official website here: www.icbikelibrary.org
What do the Facebook reviews say about Bike Library Inc?
100% of 18 reviewers on Facebook recommend Bike Library Inc. Here is a summary of their reviews:
The organization is praised for its exceptionally friendly service and the helpfulness of its staff. Many users highlighted the staff's extensive knowledge about the products offered, which enhances the overall customer experience.
Additionally, customers appreciate the prices, suggesting that Bike Library Inc not only provides valuable service but also great value for money. Overall, the consensus reflects a high level of satisfaction with both the service and the offerings provided by this nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Bike Library Inc legitimate?
Bike Library Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bike Library 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: $51,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $50,082
For more financial information, click here
Official website here: www.icbikelibrary.org
What is the mission statement of Bike Library Inc?
Bike Library Inc's mission is centered around expanding cycling as a transportation option, reducing traffic congestion, and promoting the health benefits associated with cycling. The organization is dedicated to increasing the number of individuals using bicycles for transportation. They achieve this through various activities such as recycling and upcycling donated bikes, advocating for bicycle infrastructure, and providing repair, care, and education to diverse individuals. Their flagship six-month bicycle checkout program lends refurbished bikes at an affordable cost, serving as a primary mode of transportation for many. Additionally, they sell as-is bicycles and parts at low cost, offering free repair classes and guided services. In 2022, Bike Library Inc served over 800 people through their programs. Their youth initiatives provide free bikes, safety education, and partnerships for school rides and week-long bicycle camps.
Official website here: www.icbikelibrary.org
Who is the CEO of Bike Library Inc?
Mike Haverkamp is the Principal Officer of Bike Library Inc.
Official website here: www.icbikelibrary.org
What is the revenue of Bike Library Inc?
Bike Library Inc's revenue in 2022 was $278,265.
Official website here: www.icbikelibrary.org
Who are the executives of Bike Library Inc and what are their salaries?
The average compensation at Bike Library Inc during 2022 was $33,998. There are 3 employees and 140 volunteers at Bike Library Inc.
Here are 12 key members and their salaries:
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- Compensation: $47,135
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- Other: $4,776
Official website here: www.icbikelibrary.org
Where can I find the form 990 for Bike Library Inc?
Bike Library Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icbikelibrary.org
Learn more at the official website: www.icbikelibrary.org
Mission Statement of Bike Library Inc
Bike Library Inc, a nonprofit organization, is committed to expanding cycling as a transportation option, reducing automobile congestion, and promoting the health benefits associated with cycling. The mission of Bike Library Inc is to increase the number of individuals utilizing bicycles for transportation. The organization achieves this goal by recycling and upcycling donated bicycles, advocating for bicycle infrastructure, and offering repair, care, and riding education to diverse individuals.
Through their various programs, Bike Library Inc makes bicycles an affordable transportation option for many. Their flagship six-month bicycle checkout program lends refurbished bicycles, allowing individuals to explore cycling without the upfront cost. In 2022, Bike Library Inc checked out 204 bicycles, offering a primary mode of transportation for numerous people. In addition to the checkout program, the organization sells as-is bicycles and parts at low costs, serving a total of 800 people with refurbished bicycles in 2022.
Beyond these programs, Bike Library Inc offers free repair classes, guided by skilled mechanics, and a "Rent-a-Bench" service. In 2022, they sold 475 as-is bicycles through these programs. The organization also prioritizes youth initiatives, providing free bikes, safety education, and partnerships for school rides and week-long bicycle camps. Through community rides, Bike Library Inc aims to build confidence in cycling for individuals, ultimately encouraging more people to utilize bicycles as a means of transportation.
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Impact
October, 2024
Bike Library Inc significantly impacts the community by enhancing cycling transportation options and reducing automobile traffic congestion. By promoting cycling, it not only elevates public health through increased physical activity but also encourages sustainable commuting practices.
The organization's commitment to recycling and up-cycling donated bicycles facilitates affordable access to bicycles for individuals who may otherwise face transportation barriers. Their flagship six-month bicycle checkout program, which saw 204 bicycles checked out in 2022, enables many to use cycling as a primary mode of transportation. Additionally, the sale of low-cost, as-is bicycles—475 sold in 2022—further supports community members in obtaining reliable transportation.
Bike Library Inc also invests in education by offering free repair classes, safety education, and public programming that empowers individuals with essential bike care skills. Through their youth initiatives, they distribute free bicycles and provide safety instruction, fostering a new generation of cyclists. Community rides help enhance cycling confidence among participants, building a more engaged and active community.
In total, their programs served approximately 800 people with refurbished bikes in just one year, demonstrating a profound commitment to increasing cycling participation and improving overall community well-being.
This information is meant to be a general summary of Bike Library 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.
- Investment Income: $21
- Program Service Revenue: $63,998
- Gross Receipts: $278,265
Assets and Liabilities:
- Total Assets: $500,416
- Total Liabilities: $337,373
- Net Assets: $163,043
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BIKE LIBRARY
Revenue
$52,548
SUSTAINABILITY FEE
Revenue
$11,450
Organization Details
Founding Year
2004
Phone
(319) 455-6558Principal Officer
Mike Haverkamp
Main Address
1222 GILBERT COURT, IOWA CITY, IA, 522404529
Website
www.icbikelibrary.orgNTEE Category
Code: W99 - Public benefit
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