Overview
What is Yellow Bike Project?
The Yellow Bike Project, located in Austin, Texas, is a volunteer-driven organization dedicated to promoting bicycle accessibility in the local community and surrounding Central Texas regions. By managing community bike shops, this nonprofit teaches bicycle mechanics and maintenance skills to the public, fostering a sense of self-reliance and environmental consciousness. Furthermore, the Yellow Bike Project refurbishes and sells used bicycles, generating income while providing affordable transportation options. Additionally, the organization donates refurbished bikes to various community organizations and schools, benefiting a wide range of individuals. In total, the project employs eight mechanics and engages with the community through 180 Community Shops and 13 educational classes, impacting over 3,873 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Yellow Bike Project has earned a Three-Star rating from Charity Navigator, based on a strong score of 83% in the Accountability & Finance category. This rating is significant as it reflects the organization’s commitment to transparent financial practices and responsible management of resources. The score highlights the effective governance structure with 100% independent board members and comprehensive policies in place to address conflicts of interest and ensure proper document management.
The organization appears to excel in program efficiency, with an impressive program expense ratio of 92.15%, indicating that a substantial portion of its funds is allocated directly to its mission-related activities. Additionally, the low liabilities to assets ratio of 0.35% suggests that the Yellow Bike Project is in a stable financial position, with minimal debt relative to its assets.
While the rating underscores the nonprofit's strengths in accountability and finance, it is crucial for potential donors and supporters to consider the broader impact and effectiveness of the programs offered. Further engagement with the organization's ongoing initiatives could provide more insights into its overall mission and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Yellow Bike Project legitimate?
Yellow Bike Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yellow Bike Project 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: $224,009
For more financial information, click here
What is the mission statement of Yellow Bike Project?
The Yellow Bike Project is committed to enhancing bicycle accessibility in local communities by running volunteer-operated bike shops, educating individuals on bike mechanics and maintenance, and serving as a local bike advocacy group. Their mission is realized through various activities, including employing mechanics to refurbish and sell used bikes, donating refurbished bikes to community organizations and schools, and offering educational workshops to teach bike repair and maintenance skills to community members. The project also holds community shops to provide knowledge and tools to a large number of individuals, promoting a self-sufficient and bike-friendly community.
Who is the CEO of Yellow Bike Project?
Nick Hill is the President of Yellow Bike Project.
What is the revenue of Yellow Bike Project?
Yellow Bike Project's revenue in 2022 was $520,276.
Who are the executives of Yellow Bike Project and what are their salaries?
The average compensation at Yellow Bike Project during 2022 was $28,001. There are 8 employees and 309 volunteers at Yellow Bike Project.
Here are 4 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
Where can I find the form 990 for Yellow Bike Project?
Yellow Bike Project's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Yellow Bike Project
The Yellow Bike Project is a volunteer-driven initiative that aims to increase the availability of bicycles in Austin and Central Texas. This nonprofit organization achieves this goal by operating community bike shops, offering instruction in bike mechanics and maintenance, and serving as a local advocate for cycling. By employing eight mechanics, refurbishing and selling 436 used bikes, donating 459 adult bikes to 16 community organizations, and distributing 249 kid bikes to nine schools and seven organizations, Yellow Bike Project makes bicycles more accessible to the local community. Furthermore, the organization hosts Community Shops where 3,873 individuals gain knowledge and tools related to bike repair, and conducts 13 educational classes for 63 adults, teaching them essential bicycle maintenance skills.
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
Yellow Bike Project's impact includes putting bicycles on the streets of Austin and Central Texas, refurbishing and selling over 400 used bicycles to the local community. Additionally, they have donated hundreds of adult and kid bikes to community organizations and schools, provided education through community shops and classes, and served as a local bike advocacy group.
This information is meant to be a general summary of Yellow Bike Project. 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: $122
- Program Service Revenue: $1,888
- Gross Receipts: $576,594
Assets and Liabilities:
- Total Assets: $449,520
- Total Liabilities: $1,593
- Net Assets: $447,927
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.
EDUCATION
Revenue
$1,888
Organization Details
Founding Year
1997
Phone
(512) 524-5299Principal Officer
Nick Hill
Main Address
1216 WEBERVILLE ROAD, AUSTIN, TX, 78721
NTEE Category
Code: S20 - Community improvement
If you are a representative of Yellow Bike Project 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.