Overview
What is Explore Bike Shareinc?
Explore Bike Shareinc is a nonprofit organization situated in Memphis, Tennessee, with a mission to revolutionize personal mobility in the city. By developing and implementing a bike-sharing program, they aim to provide a healthy, eco-friendly, and accessible transportation alternative for as many Memphians as possible. This initiative not only advances Memphis in culture and tourism but also connects various communities. Furthermore, Explore Bike Shareinc promotes bike culture through community development, education, and safety training, encouraging an active and healthy lifestyle for all residents. The organization, with a workforce of eight individuals, is dedicated to fostering a bike-friendly environment in Memphis.
Official website here: www.explorebikeshare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Explore Bike Shareinc has received a solid rating of 88%, reflecting its dedication to accountability and financial management. The charity's score is derived entirely from its Accountability & Finance metrics, indicating a strong focus on transparency and responsible governance. The organization has a fully independent board, which is a positive sign of its commitment to ethical oversight.
The strengths of Explore Bike Shareinc include its high marks in various categories such as having no material diversion of assets and a robust program expense ratio of 83.49%. This suggests that a significant portion of its resources is directed toward its mission-related activities. Furthermore, the charity has demonstrated strong practices in financial oversight, with a well-functioning Audit and Oversight Committee.
However, there are notable areas for improvement. The organization lacks a whistleblower policy and a document retention and destruction policy, which could raise concerns about internal controls and transparency. Additionally, the absence of its tax form on the nonprofit's website may hinder public access to important financial information. Addressing these issues could enhance the organization’s overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Explore Bike Shareinc legitimate?
Explore Bike Shareinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Explore Bike Shareinc 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: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $237,627
For more financial information, click here
Official website here: www.explorebikeshare.com
What is the mission statement of Explore Bike Shareinc?
Explore Bike Shareinc is fundamentally revolutionizing personal mobility by creating a healthy, clean, and accessible transportation alternative in an unspecified location. The organization's mission is to advance culture and tourism, connect communities, and promote a bike culture. To achieve this, they developed and implemented a bike-sharing program for the benefit of as many residents as possible. The organization also encourages exercise and healthy lifestyles, provides bike education, and offers safety training. Through community development efforts, Explore Bike Shareinc aims to promote the use of bikes as a viable transportation option.
Official website here: www.explorebikeshare.com
Who is the CEO of Explore Bike Shareinc?
Anton Mack is the Executive Di of Explore Bike Shareinc.
Official website here: www.explorebikeshare.com
What is the revenue of Explore Bike Shareinc?
Explore Bike Shareinc's revenue in 2022 was $809,480.
Official website here: www.explorebikeshare.com
Who are the executives of Explore Bike Shareinc and what are their salaries?
The average compensation at Explore Bike Shareinc during 2022 was $40,953. There are 8 employees and 5 volunteers at Explore Bike Shareinc.
Here are 10 key members and their salaries:
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Official website here: www.explorebikeshare.com
Where can I find the form 990 for Explore Bike Shareinc?
Explore Bike Shareinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.explorebikeshare.com
Learn more at the official website: www.explorebikeshare.com
Mission Statement of Explore Bike Shareinc
Explore Bike Share, Inc. is dedicated to transforming personal mobility in various communities by introducing a healthy, sustainable, and easily accessible transportation alternative. This nonprofit organization, based in Memphis, has spearheaded the implementation of a bike-sharing program, aiming to benefit as many local residents as possible. Beyond promoting bike culture, Explore Bike Share, Inc. also contributes to community development, offers bike education, and provides safety training. The ultimate goal of this organization is to encourage physical exercise and promote a healthy lifestyle for all Memphians, while simultaneously enhancing the city's culture and tourism scene by connecting its communities.
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Impact
July, 2024
Explore Bike Shareinc's impact is fundamentally revolutionizing personal mobility in Memphis by creating a healthy, clean, and accessible transportation alternative that also advances the city in culture and tourism and connects communities. By developing and implementing a bike-sharing program for the benefit of as many Memphians as possible, Explore Bike Shareinc promotes bike culture through community development, bike education, and safety training. Additionally, the organization encourages exercise and healthy lifestyles for all Memphians, contributing to a more active and sustainable city.
This information is meant to be a general summary of Explore Bike Shareinc. 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: $13,961
- Program Service Revenue: $170,851
- Gross Receipts: $1,028,813
Assets and Liabilities:
- Total Assets: $1,420,001
- Total Liabilities: $763,303
- Net Assets: $656,698
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP AND USAGE FEES
Revenue
$152,212
INSURANCE RECOVERIES
Revenue
$18,639
Organization Details
Founding Year
2015
Phone
(901) 590-2127Principal Officer
Anton Mack
Main Address
287 S 4TH STREET, MEMPHIS, TN, 38126
Website
www.explorebikeshare.comNTEE Category
Code: P52 - Human services
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