Overview
What is Bike Works Seattle?
Bike Works Seattle is a vibrant nonprofit organization based in Seattle, Washington, with a mission to foster sustainable communities. They accomplish this by educating youth and promoting cycling. Their primary activity involves refurbishing and repurposing donated bicycles, with the help of volunteers and program participants. This process results in affordable, eco-friendly transportation for the community. Annually, they handle approximately 8,000 bicycles and divert 250,000 pounds of waste from landfills. In addition to this, Bike Works Seattle offers meaningful volunteer opportunities, allowing individuals to gain bicycle maintenance skills and make a tangible impact on their community. Their collaborative environment brings together diverse groups, enhancing the local area and providing transportation solutions to those in need through bike giveaways. The organization currently employs 31 individuals.
Official website here: www.bikeworks.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
Bike Works Seattle has achieved an exemplary Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. This rating is based solely on their performance in financial metrics, with all categories receiving top marks, showcasing their commitment to transparency and responsible management of resources.
The organization boasts a fully independent board comprised of 16 members, which speaks to its governance strength. Further, it has robust financial oversight mechanisms, evidenced by the establishment of an Audit and Oversight Committee. They have effectively managed their financial ratios, with 73.66% of their expenses directed toward programs and an impressive fundraising efficiency ratio of just $0.07, suggesting that they utilize their funds judiciously.
There are no significant limitations or concerns highlighted in the data, reflecting positively on Bike Works Seattle's operational integrity. Their various listed policies and practices further enhance their credibility, making them a well-regarded nonprofit in the cycling and community development space.
This AI summary has been generated from information found on Charity Navigator.
Is Bike Works Seattle legitimate?
Bike Works Seattle is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bike Works Seattle 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: $144,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,166,984
For more financial information, click here
Official website here: www.bikeworks.org
What is the mission statement of Bike Works Seattle?
Bike Works Seattle's mission is focused on fostering sustainable communities by engaging in two primary activities. Firstly, they educate youth, leveraging the platform of bicycling. Secondly, they promote the use of bicycles as an eco-friendly mode of transportation. Through their bicycle recycling and reuse program, they collect unwanted bikes, refurbish them with the help of volunteers and program participants, and distribute them as affordable transportation options. This initiative not only provides a means of sustainable transportation but also offers volunteers the opportunity to gain knowledge about bicycle maintenance and riding. Bike Works Seattle also brings together diverse groups in a collaborative environment, diverting waste from landfills and helping individuals in need by providing bicycles through giveaways.
Official website here: www.bikeworks.org
Who is the CEO of Bike Works Seattle?
Edward Ewing is the President of Bike Works Seattle.
Official website here: www.bikeworks.org
What is the revenue of Bike Works Seattle?
Bike Works Seattle's revenue in 2022 was $2,455,847.
Official website here: www.bikeworks.org
Who are the executives of Bike Works Seattle and what are their salaries?
The average compensation at Bike Works Seattle during 2022 was $42,312. There are 31 employees and 275 volunteers at Bike Works Seattle.
Here are 18 key members and their salaries:
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Official website here: www.bikeworks.org
Where can I find the form 990 for Bike Works Seattle?
Bike Works Seattle's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bikeworks.org
Learn more at the official website: www.bikeworks.org
Mission Statement of Bike Works Seattle
Bike Works Seattle, a nonprofit organization, strives to foster sustainable communities by educating youth and promoting bicycling. At the heart of their mission, they undertake a bicycle recycle and reuse program, which serves as a platform for unwanted bikes to be donated. These bikes are then refurbished by volunteers and program participants, transforming them into affordable, eco-friendly transportation options. The program processes approximately 8,000 donated bicycles annually, stripping the unusable ones for parts and responsibly recycling the remainder through partnerships.
This initiative not only offers meaningful volunteering opportunities, allowing individuals to make a tangible difference in their community, but also enhances their knowledge of bicycle maintenance and riding. Bike Works Seattle's collaborative environment brings together diverse groups, fostering a sense of unity and shared purpose. By doing so, they manage to divert 250,000 pounds of waste from landfills annually and provide transportation through bicycle giveaways to those in need within their community. The bike shop serves as a vital resource for individuals who cannot afford to purchase a bicycle.
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Impact
July, 2024
Bike Works Seattle builds sustainable communities by educating youth and promoting bicycling. Through their bicycle recycle and reuse program, they process 8,000 donated bicycles every year, refurbishing them with the help of volunteers and program participants. This initiative not only provides affordable, carbon-free transportation options but also diverts 250,000 pounds of waste from landfills annually. Additionally, Bike Works facilitates bicycle giveaways to individuals in need, fostering a sense of community and promoting access to transportation for those who can't afford it. Their work not only benefits the environment but also empowers volunteers to make a tangible difference while increasing their knowledge of bicycle maintenance and riding.
This information is meant to be a general summary of Bike Works Seattle. 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: $6,270
- Program Service Revenue: $41,063
- Gross Receipts: $2,715,827
Assets and Liabilities:
- Total Assets: $3,294,414
- Total Liabilities: $874,630
- Net Assets: $2,419,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REPAIR CLASSES, CAMP F
Revenue
$41,063
Organization Details
Founding Year
1996
Phone
(206) 725-9408Principal Officer
Edward Ewing
Main Address
3709 S FERDINAND ST, SEATTLE, WA, 98118
Website
www.bikeworks.orgNTEE Category
Code: N99 - Recreation
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