Overview
What is Ddp Bike Share Corporation?
Ddp Bike Share Corporation, operating under the name MOGO, is a nonprofit organization based in Detroit, Michigan. Their primary mission is to provide an exceptional bike-sharing program, contributing to making Detroit a pioneer in mobility. The organization aims to deliver an active transit system, catering to a diverse range of people and needs, by offering on-demand bikes. Launched in May 2017, MOGO has grown substantially, expanding its fleet, increasing locations, and serving more individuals annually. The system is strategically situated throughout the city of Detroit.
Official website here: www.mogodetroit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Ddp Bike Share Corporation has achieved a commendable 96% rating from Charity Navigator, translating to a Four-Star rating. This high score reflects the charity's strong commitment to accountability and finance, as the rating is based entirely on a single beacon designated for financial health. The organization has demonstrated exceptional governance, including having a majority of independent board members and a robust audit and oversight committee.
Strengths highlighted in the evaluation include transparency regarding financial statements, a clear conflict of interest policy, and a well-documented retention and destruction policy. Ddp Bike Share Corporation also maintains a low liabilities-to-assets ratio of 20.25%, further showcasing its financial stability. Additionally, an impressive 85.50% of its expenses go directly to programs, indicating that the funds are effectively utilized for their intended purposes.
While the data does not present any significant limitations, maintaining this level of transparency and financial health will be crucial for sustaining trust and support from donors and the community. The organization's commitment to good governance practices positions it well for future growth and impact in the bike-sharing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Ddp Bike Share Corporation legitimate?
Ddp Bike Share Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ddp Bike Share Corporation 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: $87,894
Professional Fundraising Fees: $0
Other Salaries and Wages: $203,303
For more financial information, click here
Official website here: www.mogodetroit.org
What is the mission statement of Ddp Bike Share Corporation?
Ddp Bike Share Corporation aims to establish an exemplary bike-sharing program, serving as a catalyst in promoting Detroit as a pioneer in mobility. Their mission is to deliver an on-demand bike system catering to a diverse range of individuals and needs. The corporation launched Detroit's first public bike-sharing system, Mogo Bike Share, in May 2017. Initially, the system consisted of a limited number of bikes and locations, but it has since expanded annually, increasing both the number of bicycles and service areas.
Official website here: www.mogodetroit.org
Who is the CEO of Ddp Bike Share Corporation?
Eric B Larson is the Director of Ddp Bike Share Corporation.
Official website here: www.mogodetroit.org
What is the revenue of Ddp Bike Share Corporation?
Ddp Bike Share Corporation's revenue in 2022 was $1,777,452.
Official website here: www.mogodetroit.org
Who are the executives of Ddp Bike Share Corporation and what are their salaries?
There 10 volunteers at Ddp Bike Share Corporation.
Here are 12 key members and their salaries:
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- Related: $482,610
- Other: $38,026
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- Compensation: $76,457
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- Other: $11,437
Official website here: www.mogodetroit.org
Where can I find the form 990 for Ddp Bike Share Corporation?
Ddp Bike Share Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mogodetroit.org
Learn more at the official website: www.mogodetroit.org
Mission Statement of Ddp Bike Share Corporation
Ddp Bike Share Corporation, with its mission at heart, aims to introduce and uphold a premier bike-sharing program, serving as a driving force in transforming Detroit into a pioneer in mobility. Their primary objective is to establish an active transportation system, offering on-demand bikes that cater to a wide array of individuals and their varying necessities.
Launched in May 2017, Detroit's first public bike-sharing system, MOGO, was introduced by Ddp Bike Share Corporation. This initiative has seen continuous growth in terms of the number of bikes, locations, and the population it serves annually. The corporation's commitment to providing a diverse range of people with accessible, on-demand transportation has proven to be a valuable addition to the city's mobility landscape.
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Impact
July, 2024
Ddp Bike Share Corporation, operating as MoGo Bike Share in Detroit, is making a meaningful impact by providing the city's best-in-class bike share program. Since its launch in May 2017, MoGo has been a catalyst in enhancing mobility in Detroit and promoting active transportation. By expanding its network of bikes and locations annually, MoGo serves a diverse range of people and needs, contributing to a more sustainable and accessible urban environment.
This information is meant to be a general summary of Ddp Bike Share Corporation. 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: $231,929
- Gross Receipts: $1,777,452
Assets and Liabilities:
- Total Assets: $1,251,895
- Total Liabilities: $253,624
- Net Assets: $998,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP REVENUE
Revenue
$231,929
Organization Details
Founding Year
2015
Phone
(888) 664-6123Principal Officer
Eric B Larson
Main Address
1 CAMPUS MARTIUS 380, DETROIT, MI, 48226
Website
www.mogodetroit.orgNTEE Category
Code: W40 - Public benefit
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