Newark Bike Project Inc

EIN: 454321156 501(c)(3) Environment

Newark, DE

Total Revenue
$185,866
Total Expenses
$147,573
Total Assets
$49,092
Net Assets
$49,092
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
JAMIE MAGEE
Phone
3025256833
Tax Period
2020-01-01 to 2020-12-31

Newark Bike Project Inc, founded in 2012, is a small nonprofit in the Environment sector that reported $186K in total revenue in fiscal year 2020. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 21% operating margin.

Mission

Newark Bike Project (NBP) aims to work towards sustainability through emphasizing Community, Education & Empowerment

Program Service Accomplishments

Program 1
Expenses: $41,529 Revenue: $125,715

NBP purchased bike parts to be used when refurbishing donated bikes to be sold at about half of what a new bike costs, refurbishing donated bikes that will be given away as part of our "Free Bike...

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NBP purchased bike parts to be used when refurbishing donated bikes to be sold at about half of what a new bike costs, refurbishing donated bikes that will be given away as part of our "Free Bike Program and our "Youth Empowerment Program". There were 1,305 bikes donated to NBP. There were 45 bikes given away with the "Free Bike Program and 65 bikes given away with the "Youth Empowerment Program." A refurbish bike is given with a helmet, lock & lights average value $175.

Program 2
Revenue: $10,791

NBP conducts "Open Shop Time"when customers bring in a bike for repair There were 1,100 Open Shot hours. The customer pays $10 per hour plus the cost of any new or used parts needed to make the...

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NBP conducts "Open Shop Time"when customers bring in a bike for repair There were 1,100 Open Shot hours. The customer pays $10 per hour plus the cost of any new or used parts needed to make the repair so that it is "road ready". We get our used parts from donated bikes that are not worth trying to repair.

Program 3
Expenses: $99,978

Other Program Expenses from Part IX

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $32,233
Program Service Revenue $137,698
Investment Income $0
Other Revenue $15,935
TOTAL REVENUE $185,866

Expense Breakdown

Grants Paid $0
Salaries & Benefits $73,005
Fundraising Expenses $0
Program Expenses $141,507
Other Expenses $74,568
TOTAL EXPENSES $147,573

Year-over-Year Comparison

2020 2019 Change
Revenue $185,866 $126,266 +0.5%
Expenses $147,573 $119,679 +0.2%
Net Income $38,293 $6,587 +4.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
10
Volunteers
51

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMIE MAGEE Board Chair 10.00
Officer
$0 $0 $0
JAMIE ORLANDO Program Chair 5.000
Director
$0 $0 $0
HEATHER DUNINGAN Secretary 5.000
Officer
$0 $0 $0
LESTER STEIN Treasurer 10.00
Officer
$0 $0 $0
STEVE REYNOLDS Shop Director 5.000
Director
$0 $0 $0
RICKY NIETUBICZ Board Member 5.000
Director
$0 $0 $0
EM MCKEEVER Board Member 5.000
Director
$0 $0 $0
TOM COSTELLO Board Member 5.000
Director
$0 $0 $0
ROBERT ROLLINGS Board Member 5.000
Director
$0 $0 $0
KATLYN COFRANCISCO Shop Manager 20.00
Highest
$25,505 $0 $25,505
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2020 $185,866 $147,573 $49,092 $38,293
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