Overview
What is Velocipede Bike Project Inc?
Velocipede Bike Project Inc is a nonprofit organization dedicated to promoting bicycling accessibility and fostering community engagement. Located in a shared workspace, they offer hands-on education and provide access to second-hand bicycles. Their community bike shop program includes Open Shop, Volunteer Build Days, and Sales, enabling individuals to maintain and repair their bikes at an affordable cost. Through these initiatives, Velocipede Bike Project Inc encourages the use of bicycles while bringing people together.
Official website here: www.velocipedebikeproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
Velocipede Bike Project Inc has earned a Three-Star rating from Charity Navigator, with an overall score of 83%. This rating reflects a strong commitment to accountability and finance, as evidenced by a high program expense ratio of 91.39%, indicating that a significant portion of their budget is dedicated to their mission-driven programs. The organization also boasts a fully independent board, ensuring effective governance.
However, there are some areas where the organization could improve. Notably, Velocipede Bike Project Inc lacks a whistleblower policy and does not have a documented retention and destruction policy. Additionally, the tax form is not posted on their website, which could limit transparency for potential donors and stakeholders. Addressing these areas could enhance their overall governance and accountability practices.
In summary, while Velocipede Bike Project Inc demonstrates solid fiscal responsibility and effective program spending, the absence of certain policies may hinder its overall transparency. Continued focus on improving governance practices will be essential for maintaining trust with supporters and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Velocipede Bike Project Inc legitimate?
Velocipede Bike Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Velocipede Bike Project 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: $0
For more financial information, click here
Official website here: www.velocipedebikeproject.org
What is the mission statement of Velocipede Bike Project Inc?
The Velocipede Bike Project Inc, in its mission, aims to promote bicycling accessibility and foster community engagement. This is accomplished through its community bike shop, which includes activities such as Open Shop, Volunteer Build Days, and Sales. Individuals can visit the shared workspace to learn hands-on bicycle maintenance skills and access second-hand bicycles for a minimal fee. By providing affordable bicycles and educational opportunities, Velocipede Bike Project Inc encourages the use of bicycles and builds a sense of community among its participants.
Official website here: www.velocipedebikeproject.org
Who is the CEO of Velocipede Bike Project Inc?
Jonathon Poliszuk is the President of Velocipede Bike Project Inc.
Official website here: www.velocipedebikeproject.org
What is the revenue of Velocipede Bike Project Inc?
Velocipede Bike Project Inc's revenue in 2023 was $79,205.
Official website here: www.velocipedebikeproject.org
Who are the executives of Velocipede Bike Project Inc and what are their salaries?
There 17 volunteers at Velocipede Bike Project Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.velocipedebikeproject.org
Where can I find the form 990 for Velocipede Bike Project Inc?
Velocipede Bike Project Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.velocipedebikeproject.org
Learn more at the official website: www.velocipedebikeproject.org
Mission Statement of Velocipede Bike Project Inc
Velocipede Bike Project, Inc., a nonprofit organization, is committed to promoting bicycling accessibility and fostering community engagement. It achieves this mission by offering hands-on education and providing access to second-hand bicycles in a shared workspace. The community bike shop program, which includes Open Shop, Volunteer Build Days, and Sales, allows individuals to maintain and repair their bikes at an affordable cost. By doing so, Velocipede Bike Project, Inc., empowers people to utilize bicycles as a means of transportation and encourages a sense of communal involvement. The organization's mission is to break down barriers to bicycle ownership and usage, thereby contributing to a more sustainable and interconnected community.
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Impact
August, 2024
Velocipede Bike Project Inc has a significant impact on promoting bicycling accessibility and community engagement through its community bike shop program. By providing access to second-hand bicycles and offering hands-on education in a shared workspace, the organization empowers individuals to maintain and repair their bikes, fostering a sense of independence and self-sufficiency. Additionally, Velocipede Bike Project Inc's activities such as Open Shop, Classes, Volunteer Build Day, and Sales contribute to creating a supportive and inclusive biking community in Baltimore, MD. Overall, the organization plays a crucial role in encouraging recreational biking and enhancing community bonds through its innovative initiatives.
This information is meant to be a general summary of Velocipede Bike Project 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 2023.
- Investment Income: $257
- Program Service Revenue: $75,799
- Gross Receipts: $79,205
Assets and Liabilities:
- Total Assets: $130,164
- Total Liabilities: $2,206
- Net Assets: $127,958
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Bike Shop (see Sch. O)
Revenue
$75,799
Organization Details
Founding Year
2006
Phone
(410) 244-5585Principal Officer
Jonathon Poliszuk
Main Address
PO Box 22562, Baltimore, MD, 212034562
NTEE Category
Code: N99 - Recreation
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