Overview
What is Silicon Valley Bicycle Exchange?
Silicon Valley Bicycle Exchange, located in Palo Alto, California, is a community-focused nonprofit organization with a mission to inspire individuals in bicycle repair. They have a modest workforce of two dedicated individuals. The organization is known for its commitment to donating bicycles to charitable causes, having recently distributed 1,037 bicycles to organizations supporting children, military veterans, and the homeless. More details about these donations can be found in Schedule O. The Silicon Valley Bicycle Exchange's activities extend beyond donations, as they strive to serve the community by promoting the art of bicycle repair.
Official website here: www.bikex.org
What do the Facebook reviews say about Silicon Valley Bicycle Exchange?
100% of reviewers on Facebook would recommend the Silicon Valley Bicycle Exchange based on five reviews. Here is a summary of their thoughts:
The praise for the organization highlights the staff's expertise and professionalism, which greatly impressed users. Many noted that the operation is well-organized, reflecting a commitment to quality service and customer satisfaction.
Overall, the strong endorsement indicates that Silicon Valley Bicycle Exchange successfully meets the expectations of its supporters, providing valuable services to the community.
This AI summary has been generated from reviews found on Facebook.
Is Silicon Valley Bicycle Exchange legitimate?
Silicon Valley Bicycle Exchange is a legitimate nonprofit organization registered as a 501(c)(3) entity. Silicon Valley Bicycle Exchange 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: $173,323
For more financial information, click here
Official website here: www.bikex.org
What is the mission statement of Silicon Valley Bicycle Exchange?
The Silicon Valley Bicycle Exchange is committed to serving the community and promoting the art of bicycle repair. This organization strives to inspire people through its activities, donating a significant number of bicycles to charitable organizations that support children, military veterans, and the homeless. Their mission is not just about giving bicycles, but also about fostering a passion for bicycle repair and making a positive impact on various communities.
Official website here: www.bikex.org
What is the revenue of Silicon Valley Bicycle Exchange?
Silicon Valley Bicycle Exchange's revenue in 2023 was $429,049.
Official website here: www.bikex.org
Who are the executives of Silicon Valley Bicycle Exchange and what are their salaries?
The average compensation at Silicon Valley Bicycle Exchange during 2023 was $86,662. There are 2 employees and 610 volunteers at Silicon Valley Bicycle Exchange.
Here are 7 key members and their salaries:
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- Compensation: $113,000
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Official website here: www.bikex.org
Where can I find the form 990 for Silicon Valley Bicycle Exchange?
Silicon Valley Bicycle Exchange's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bikex.org
Learn more at the official website: www.bikex.org
Mission Statement of Silicon Valley Bicycle Exchange
Silicon Valley Bicycle Exchange, a community-focused organization, is committed to its mission of serving the public while fostering an interest in bicycle repair. The primary objective of this nonprofit is to inspire individuals by providing them with the opportunity to learn this skill. Beyond its educational purpose, Silicon Valley Bicycle Exchange also demonstrates its dedication to the community by donating bicycles to various charitable organizations. These organizations cater to diverse populations, including children, military veterans, and the homeless. The details of these donations, including the recipients and dates, can be found in Schedule O.
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Impact
October, 2024
Silicon Valley Bicycle Exchange significantly impacts the community by promoting sustainable transportation and providing access to cycling. The organization has donated 1,037 bicycles to charitable entities supporting children, military veterans, and the homeless, enhancing mobility for individuals in need. By inspiring people to learn the art of bicycle repair, it fosters valuable skills, encourages self-sufficiency, and cultivates a culture of sharing and community support. Its efforts not only address immediate transportation challenges but also contribute to a healthier, more engaged community in Palo Alto and beyond.
This information is meant to be a general summary of Silicon Valley Bicycle Exchange. 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 2023.
- Investment Income: $17,722
- Gross Receipts: $481,663
Assets and Liabilities:
- Total Assets: $765,053
- Total Liabilities: $10,084
- Net Assets: $754,969
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Organization Details
Founding Year
2013
Principal Officer
David Fork
Website
www.bikex.orgNTEE Category
Code: P20 - Human services
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