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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star rating.
Redemptive Cycles Services Inc has achieved an impressive score of 91%, reflecting its strong performance in both accountability and financial management. The charity scored 83% in Accountability & Finance and 17% in Culture & Community, indicating a robust structure and operational integrity. The organization has an independent board with 100% compliance, and it maintains transparency through listed policies and proper documentation practices.
The charity demonstrates a solid program expense ratio of 87.57%, ensuring that the majority of its funds are directed towards its programs. Feedback from constituents has been overwhelmingly positive, with perfect scores across feedback collection, usage, and practices, showcasing a commitment to community engagement and responsiveness to needs. The organization also has a high equity strategies score, although there are some areas in equity policies and processes that could be improved.
Despite these strengths, the absence of a whistleblower policy may raise some concerns about governance practices. Overall, Redemptive Cycles Services Inc is performing well, with significant accolades for its financial health and accountability, although there is room for enhancement in specific policy areas.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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.
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Official website here: www.redemptivecycles.com
Where can I find the form 990 for Redemptive Cycles Services Inc?
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.
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Impact
July, 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.
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.
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: $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
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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
Phone
(205) 224-5631Principal Officer
Brian Gosdin
Main Address
1305 2nd Avenue N 101, Birmingham, AL, 352031705
Website
www.redemptivecycles.comNTEE Category
Code: N30 - Recreation
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