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Redemptive Cycles Services Inc

Redemptive Cycles

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 463471015 ✦ Birmingham, AL ✦ Designated as a 501(c)(3)

Overview

What is Redemptive Cycles Services Inc?

Redemptive Cycles Services Inc is a nonprofit organization situated in Birmingham, Alabama, dedicated to improving the city's livability by encouraging the use of bicycles. Recognizing bicycles as an affordable, eco-friendly, and health-promoting transportation solution, Redemptive Cycles aims to combat traffic congestion and pollution in urban areas. Their offerings include a Bicycle Sales and Repair Shop, selling both new and refurbished bicycles at affordable prices and providing professional repairs on a sliding scale for those in need. Furthermore, Redemptive Cycles offers an "Earn-a-Bike" program, allowing individuals unable to afford a bicycle to work in the shop, learn repair techniques, and ultimately earn their own bicycle. Through these initiatives, Redemptive Cycles strives to make Birmingham a more connected and comfortable city for its residents.


Official website here: www.redemptivecycles.com

Is Redemptive Cycles Services Inc legitimate?

Redemptive Cycles Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redemptive Cycles Services 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $213,468

For more financial information, click here


Official website here: www.redemptivecycles.com

What is the mission statement of Redemptive Cycles Services Inc?

Redemptive Cycles Services Inc aims to enhance the livability of a city by promoting the use of bicycles. This affordable mode of transportation helps combat traffic congestion and pollution in urban areas while promoting health and fitness. The organization operates a bicycle shop that sells both new and refurbished bicycles, as well as provides professional repairs at an affordable cost for those in need. For individuals who cannot afford a bicycle, Redemptive Cycles offers an "Earn-a-Bike" program. In this program, individuals work in the shop, learn bicycle repair and maintenance skills, and ultimately earn a bicycle of their own.


Official website here: www.redemptivecycles.com

Who is the CEO of Redemptive Cycles Services Inc?

Brian Gosdin is the Board Member of Redemptive Cycles Services Inc.


Official website here: www.redemptivecycles.com

What is the revenue of Redemptive Cycles Services Inc?

Redemptive Cycles Services Inc's revenue in 2022 was $457,317.


Official website here: www.redemptivecycles.com

Who are the executives of Redemptive Cycles Services Inc and what are their salaries?

The average compensation at Redemptive Cycles Services Inc during 2022 was $35,578. There are 6 employees and 103 volunteers at Redemptive Cycles Services Inc.

Here are 8 key members and their salaries:

    Danny Feldman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Robertshaw (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ryan Davis (President And Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Smith (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emily Carlton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Little (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Reeves (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Gosdin (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.redemptivecycles.com

    Where can I find the form 990 for Redemptive Cycles Services Inc?

    The Redemptive Cycles Services Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.redemptivecycles.com

    Learn more at the official website: www.redemptivecycles.com

    Mission Statement of Redemptive Cycles Services Inc

    Redemptive Cycles Services Inc, a nonprofit organization, is dedicated to enhancing the livability of cities, specifically Birmingham, Alabama, by promoting the use of bicycles. Recognizing bicycles as an affordable and eco-friendly mode of transportation, the organization aims to combat traffic congestion and pollution in urban areas while simultaneously encouraging health and fitness. Redemptive Cycles Services Inc operates a bicycle shop that sells both new and refurbished bicycles, with professional repair services offered on a sliding scale for those in need.

    For individuals who struggle with affordability, the organization offers an "Earn-a-Bike" program. This initiative allows participants to gain hands-on experience in repairing and maintaining bicycles by working in the shop. In return for their efforts, they are rewarded with a bicycle of their own. By providing this opportunity, Redemptive Cycles Services Inc not only helps address transportation needs but also equips individuals with valuable skills, fostering a sense of self-sufficiency and empowerment.

    Impact

    This information is meant to be a general summary of Redemptive Cycles Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Wednesday, July 24, 2024

    Redemptive Cycles Services Inc is significantly improving the livability and connectivity of Birmingham, AL through their focus on bicycles. By promoting bicycles as an affordable and sustainable transportation option, they are tackling issues such as traffic congestion and pollution in the city center. Their innovative programs, such as the "Earn-a-Bike" initiative, not only provide access to bicycles for those in need but also empower individuals by teaching them valuable skills like bicycle repair and maintenance. This holistic approach not only benefits the community but also promotes health and fitness among residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $15
  • Program Service Revenue: $381,075
  • Gross Receipts: $457,317

    • Assets and Liabilities:
  • Total Assets: $187,179
  • Total Liabilities: $5,272
  • Net Assets: $181,907
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Bike Shop Sales

    Revenue

    $381,075

    Organization Details

    Founding Year

    2014

    Principal Officer

    Brian Gosdin

    Main Address

    1305 2nd Avenue N 101, Birmingham, AL, 352031705

    NTEE Category

    Code: N30 - Recreation

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