Overview
What is Cincy Bike Share Inc?
Cincy Bike Share Inc, also known as Red Bike, is a nonprofit organization based in Cincinnati, Ohio, specifically at 600 Central Ave, 45202. Their primary mission is to operate Red Bike, the Cincinnati region's bike-sharing system, contributing to the region's mobility and vibrancy by providing an alternative transportation option. In 2022, Red Bike saw a substantial usage with 97,996 rides taken, among which 26.8% were by participants of their Low Income Member Program - Red Bike GO. The program had 489 members in total. The organization, with a staff of 15, served 1,208 annual or monthly members and 9,921 casual users that year.
Official website here: www.cincyredbike.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cincy Bike Share Inc received a two-star rating from Charity Navigator, indicating that while the organization demonstrates some strengths, there are significant areas needing improvement. The overall score of 73% reflects good accountability and finance practices, particularly highlighted by the presence of 100% independent board members and a low liabilities to assets ratio of just 2.06%. Furthermore, an impressive program expense ratio of 80% suggests that a substantial portion of their funds is directed toward their mission-related activities.
Despite these strengths, Cincy Bike Share Inc faces notable weaknesses, particularly in its financial transparency. The absence of financial statements and the failure to post required documents such as the tax form on their website have resulted in a low score in this area. Additionally, the organization lacks both a whistleblower policy and a document retention and destruction policy, which raises concerns about accountability and governance practices.
In summary, while Cincy Bike Share Inc shows commitment to its mission with a strong focus on program expenditures and an independent board, the organization's deficiencies in financial reporting and governance policies highlight the need for improvements to enhance transparency and trustworthiness. Addressing these issues could help elevate its rating and foster greater confidence among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cincy Bike Share Inc?
88% of the 7 reviewers on Facebook recommend Cincy Bike Share Inc. The primary feedback highlights a generally positive experience with the bikes, although there are concerns regarding communication, particularly related to SMS notifications for bike retrieval. One user reported difficulties in accessing bikes due to the lack of an SMS confirmation, especially given their international phone number.
While most users appreciate the service provided, this issue suggests that improvements could be made in the SMS notification system to enhance accessibility for all users, particularly those from outside the United States. Overall, Cincy Bike Share Inc is making strides in offering bike-sharing services, yet some adjustments may help better cater to a diverse user base.
This AI summary has been generated from reviews found on Facebook.
Is Cincy Bike Share Inc legitimate?
Cincy Bike Share Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cincy Bike Share 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: $297,828
For more financial information, click here
Official website here: www.cincyredbike.org
What is the mission statement of Cincy Bike Share Inc?
Cincy Bike Share Inc's mission is centered around operating a bike-sharing system, specifically Red Bike in an unspecified region. This system serves as a transportation option, contributing to increased mobility and enhancing the overall vitality of the area. The mission aims to provide a convenient and sustainable mode of transportation, thereby adding to the community's liveliness. In 2022, Red Bike saw 97,996 rides taken, with 1,208 annual or monthly members and 9,921 casual users participating. The organization also offers a low-income membership program, Red Bike GO, which had 489 members and accounted for 26.8% of all rides in the year.
Official website here: www.cincyredbike.org
Who is the CEO of Cincy Bike Share Inc?
Leslie Maloney is the President of Cincy Bike Share Inc.
Official website here: www.cincyredbike.org
What is the revenue of Cincy Bike Share Inc?
Cincy Bike Share Inc's revenue in 2022 was $1,002,638.
Official website here: www.cincyredbike.org
Who are the executives of Cincy Bike Share Inc and what are their salaries?
The average compensation at Cincy Bike Share Inc during 2022 was $19,855. There are 15 employees and 11 volunteers at Cincy Bike Share Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cincyredbike.org
Where can I find the form 990 for Cincy Bike Share Inc?
Cincy Bike Share Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cincyredbike.org
Learn more at the official website: www.cincyredbike.org
Mission Statement of Cincy Bike Share Inc
Cincy Bike Share Inc, an organization dedicated to enhancing mobility and vitality in the region, operates Red Bike, the local bike-sharing system. Their mission is to provide an alternative transportation option, contributing to the region's mobility and adding to its overall liveliness. By operating Red Bike, the nonprofit aims to cater to the needs of the community, encouraging environmentally friendly and active travel choices. In 2022, Red Bike saw 97,996 rides, with both annual and monthly members making up 1,208 users and 9,921 casual or walk-up users, respectively. Furthermore, the organization's low-income membership program, Red Bike Go, recorded 489 members who took 26,290 rides, accounting for 26.8% of all Red Bike rides during the year.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Cincy Bike Share Inc, operating under the name Red Bike, has made a significant impact on the Cincinnati region by providing a convenient and environmentally friendly transportation option that enhances mobility and contributes to the vitality of the area. In 2022 alone, there were 97,996 rides taken on Red Bike, showcasing the increasing popularity and utilization of the bike share system. With 1,208 annual or monthly members and 9,921 casual or walk-up users in the same year, Red Bike has successfully attracted a diverse range of riders.
Furthermore, the organization's low-income member program, Red Bike Go, has served 489 members who took 26,290 rides on Red Bike in 2022. These members accounted for 26.8% of all rides, highlighting the accessibility and inclusivity of the bike share system.
Overall, Cincy Bike Share Inc's impact extends beyond just providing a transportation option; it fosters a sense of community, promotes sustainability, and improves connectivity in the Cincinnati region.
This information is meant to be a general summary of Cincy Bike Share 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.
- Program Service Revenue: $303,481
- Gross Receipts: $1,002,638
Assets and Liabilities:
- Total Assets: $1,351,742
- Total Liabilities: $27,919
- Net Assets: $1,323,823
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RIDER FEES / PASSES
Revenue
$303,481
Organization Details
Founding Year
2013
Phone
(513) 621-2453Principal Officer
Leslie Maloney
Main Address
600 CENTRAL AVE, CINCINNATI, OH, 45202
Website
www.cincyredbike.orgNTEE Category
Code: W99 - Public benefit
If you are a representative of Cincy Bike Share Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.