Overview
What is Working Bikes?
Working Bikes is a nonprofit organization based in Chicago, Illinois, with a mission to collect, repair, and redistribute used bicycles to both local and international communities in need. In 2022, they successfully collected 10,894 bicycles with the help of various partners, while engaging countless volunteers who donated their time and skills to the cause. Working Bikes repaired and distributed 1,067 bicycles locally, donated 554 bikes to Midwestern partners, and shipped 7,141 bikes (equivalent to 16 containers) to partners in Africa and Central America. Besides redistributing bicycles, the organization also hosts community events to provide information on safe-riding, basic bike repair, and recycling, promoting a culture of sustainable cycling. With a dedicated team of 26 employees, Working Bikes continues to make a significant impact on people's lives by providing them with essential transportation.
Official website here: www.workingbikes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Working Bikes has achieved an impressive 96% rating, reflecting its commitment to accountability and financial transparency. This high score is derived entirely from its strong performance in financial metrics, showcasing responsible management of resources and adherence to best practices in governance. The organization boasts a fully independent board and has implemented robust policies to ensure ethical operations.
Strengths include a high program expense ratio of 91.63%, indicating that the majority of funds raised are directed towards its programs rather than administrative costs. Furthermore, the organization has no material diversion of assets, and it maintains a favorable liabilities to assets ratio of just 1.24%. These factors reinforce Working Bikes' reliability as a nonprofit dedicated to its mission.
While the data highlights numerous strengths, no specific limitations are noted, suggesting that Working Bikes operates within a solid framework of accountability and performance. Overall, this nonprofit exemplifies effective governance and financial stewardship, making it a commendable choice for donors looking to support impactful work.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Working Bikes?
86% of 46 reviewers on Facebook recommend Working Bikes. Here is a summary of their reviews:
Many participants express a positive experience, particularly highlighting the welcoming nature of the staff during volunteer events. The opportunity to contribute by fixing bikes has been met with enthusiasm, reinforcing the organization's commitment to community involvement and teamwork.
Overall, there's a notable appreciation for both the program’s impact and the supportive atmosphere cultivated by the staff. Reviewers seem genuinely satisfied with their experiences, indicating that Working Bikes fosters a fulfilling environment for volunteers.
This AI summary has been generated from reviews found on Facebook.
Is Working Bikes legitimate?
Working Bikes is a legitimate nonprofit organization registered as a 501(c)(3) entity. Working Bikes 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: $73,264
Professional Fundraising Fees: $0
Other Salaries and Wages: $473,859
For more financial information, click here
Official website here: www.workingbikes.org
What is the mission statement of Working Bikes?
Working Bikes, an organization, focuses on collecting and refurbishing discarded or donated bicycles. Their mission is twofold: firstly, they donate these refurbished bicycles to underprivileged communities internationally. Secondly, they fix and sell the bicycles locally, while educating the public on bike repair, safety, and recycling. Additionally, Working Bikes supports healthy cycling by engaging volunteers and various partners to help in the collection and distribution of bicycles, as well as providing information on safe riding and recycling at community events. In 2022, they collected over 10,000 bicycles and donated a significant number to international partners in Africa and Central America.
Official website here: www.workingbikes.org
Who is the CEO of Working Bikes?
Phil Kaplan is the President of Working Bikes.
Official website here: www.workingbikes.org
What is the revenue of Working Bikes?
Working Bikes's revenue in 2022 was $1,249,483.
Official website here: www.workingbikes.org
Who are the executives of Working Bikes and what are their salaries?
The average compensation at Working Bikes during 2022 was $21,043. There are 26 employees and 534 volunteers at Working Bikes.
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Official website here: www.workingbikes.org
Where can I find the form 990 for Working Bikes?
Working Bikes's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.workingbikes.org
Learn more at the official website: www.workingbikes.org
Mission Statement of Working Bikes
Working Bikes, a nonprofit organization, is dedicated to collecting and refurbishing bicycles for distribution in both local and international communities in need. Their mission is twofold: firstly, they acquire unwanted or discarded bicycles and give them new lives by donating them abroad; secondly, they repair and donate bikes within their local Chicago community, as well as supplying them to partners around the Midwest. In addition to their redistribution efforts, Working Bikes aims to educate the public on safe cycling practices, basic bike repair, and recycling through various community events. Volunteers, who donate countless hours to the organization, play a crucial role in this process, facilitating the donation of thousands of bikes each year to both local and international partners.
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Impact
July, 2024
Working Bikes makes a significant impact by collecting, repairing, and redistributing thousands of bicycles to needy local and global communities. In 2022 alone, the organization collected over 10,000 used bicycles through various channels such as recycling fairs and community events. They also provided valuable information on safe riding, basic bike repair, and recycling to the public. Working Bikes works with numerous partners, including bike shops, property companies, and police departments, to repurpose unwanted bicycles.
The dedication of hundreds of volunteers who contributed thousands of hours of their time to the cause facilitated the donation of over 7,000 bikes to international partners in Africa and Central America. Additionally, volunteers and staff repaired and distributed over 1,000 bicycles to local organizations and individuals in Chicago, as well as donated 554 bikes to partners in the Midwest for further distribution within their communities.
Through its mission of acquiring donated or discarded bicycles and giving them new life, Working Bikes not only helps individuals in need access reliable transportation but also promotes healthy cycling habits and sustainability.
This information is meant to be a general summary of Working Bikes. 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: $142
- Program Service Revenue: $45,771
- Gross Receipts: $1,445,735
Assets and Liabilities:
- Total Assets: $1,386,342
- Total Liabilities: $17,260
- Net Assets: $1,369,082
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program service fees
Revenue
$42,902
Scrap Sales
Revenue
$2,869
Organization Details
Founding Year
2003
Phone
(773) 847-5440Principal Officer
Phil Kaplan
Main Address
2434 S Western Avenue, Chicago, IL, 60608
Website
www.workingbikes.orgNTEE Category
Code: Q33 - International
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