Overview
What is My City Rides?
My City Rides is a nonprofit organization situated in Memphis, Tennessee, specifically at 111 S HIGHLAND 535. Their primary mission is to make reliable transportation affordable and ownership possible for individuals in the workforce who have limited means but immense potential. By leasing 82 new motor scooters in 2022, they aimed to boost opportunities for people in Memphis, Tennessee. With a modest team of 11 employees, My City Rides is dedicated to empowering the workforce and enhancing their mobility, thereby fostering a more equitable society.
Official website here: www.mycityrides.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
My City Rides has received a solid Three-Star rating from Charity Navigator, reflecting its strong performance in several key areas. The organization excels in accountability and financial management, indicated by a high score of 85. It demonstrates effective oversight with a material diversion of assets noted as none, and a robust program expense ratio of 85.70%, suggesting that a substantial portion of its funding is directed towards its programs.
The nonprofit also showcases a high cultural engagement with a score of 95, emphasizing its commitment to community involvement. Notably, it has 100% independent board members, which is a significant strength in governance. However, there are some areas for improvement, particularly the absence of conflict of interest, whistleblower, and document retention policies, which are essential for maintaining organizational integrity and transparency.
Financially, My City Rides holds a favorable liabilities to assets ratio of 3.04%, alongside a working capital ratio indicating a strong financial standing over 3.64 years. Despite these strengths, the fundraising efficiency ratio is concerning, marked at $0.00, which highlights a potential area for growth in fundraising strategies. Overall, while My City Rides has many commendable qualities, addressing its policy gaps could further enhance its accountability and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about My City Rides?
100% of the 10 reviews on Facebook recommend My City Rides. Here is a summary of their reviews:
The nonprofit is praised for its stellar program and the outstanding staff involved. Participants express their enjoyment of the classes, highlighting both the fun atmosphere and the supportive community that the organization fosters.
Overall, the consistent enthusiasm demonstrates that individuals feel a strong connection to the program and its impact, making it highly regarded among its users. The encouraging responses suggest that My City Rides effectively delivers on its mission and creates a positive experience for all involved.
This AI summary has been generated from reviews found on Facebook.
Is My City Rides legitimate?
My City Rides is a legitimate nonprofit organization registered as a 501(c)(3) entity. My City Rides 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: $164,875
Professional Fundraising Fees: $0
Other Salaries and Wages: $469,252
For more financial information, click here
Official website here: www.mycityrides.org
What is the mission statement of My City Rides?
My City Rides aims to make reliable transportation affordable and ownership possible for individuals in the workforce with limited means, thereby expanding opportunities for everyone. By doing so, the organization's mission is to enhance possibilities for all, recognizing the unlimited potential within these individuals. My City Rides operates with the goal of providing a solution that empowers individuals in the workforce, thereby increasing their chances of success.
In simpler terms, My City Rides focuses on making transportation an accessible and achievable asset for individuals with limited resources, thereby opening up opportunities for personal and professional growth.
During 2022, My City Rides leased 82 new motor scooters to individuals in the workforce in Memphis, TN, further demonstrating their commitment to their mission.
Official website here: www.mycityrides.org
Who is the CEO of My City Rides?
Andy Nix is the Board Member of My City Rides. The CEO's salary of My City Rides is $164,875 and their total compensation is $171,470.
Official website here: www.mycityrides.org
What is the revenue of My City Rides?
My City Rides's revenue in 2022 was $2,595,735.
Official website here: www.mycityrides.org
Who are the executives of My City Rides and what are their salaries?
The average compensation at My City Rides during 2022 was $57,648. There are 11 employees at My City Rides.
Here are 5 key members and their salaries (My City Rides's CEO's salary is $164,875 and their total compensation is $171,470):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $164,875
- Related: $0
- Other: $6,595
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mycityrides.org
Where can I find the form 990 for My City Rides?
My City Rides's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mycityrides.org
Learn more at the official website: www.mycityrides.org
Mission Statement of My City Rides
My City Rides, as an organization, aims to make reliable transportation an affordable option and ownership possible for individuals in the workforce who have limited means but vast potential. This mission serves to increase opportunities for everyone, thereby empowering individuals and fostering growth. By leasing motor scooters in 2022 to 82 individuals in Memphis, Tennessee, My City Rides has demonstrated its commitment to this goal, enabling people to access job opportunities and improve their livelihoods.
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Impact
July, 2024
My City Rides has a significant impact on the workforce in Memphis, TN by making reliable transportation affordable and ownership possible for individuals with limited means but unlimited potential. In 2022, they leased 82 new motor scooters to individuals in the workforce, increasing opportunities for everyone. Through their efforts, My City Rides is helping to address transportation barriers and empower individuals to access and maintain employment.
This information is meant to be a general summary of My City Rides. 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: -$12,486
- Gross Receipts: $3,165,983
Assets and Liabilities:
- Total Assets: $4,822,379
- Total Liabilities: $146,997
- Net Assets: $4,675,382
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Organization Details
Founding Year
2017
Phone
(901) 443-5160Principal Officer
Andy Nix
Main Address
111 S HIGHLAND 535, MEMPHIS, TN, 38111
Website
www.mycityrides.orgNTEE Category
Code: J19 - Employment
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