Silicon Valley Bicycle Exchange

EIN: 461608203 501(c)(3) Human Services

Palo Alto, CA

Total Revenue
$429,049
Total Expenses
$259,509
Total Assets
$937,868
Net Assets
$924,723
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
CA
Principal Officer
David Fork
Phone
6506915989
Tax Period
2023-01-01 to 2023-12-31

Silicon Valley Bicycle Exchange, founded in 2013, is a small nonprofit in the Human Services sector that reported $429K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $170K, a strong 40% operating margin.

Mission

The Silicon Valley Bicycle Exchange is dedicated to serving the community while inspiring people to learn the art of bicycle repair.

Program Service Accomplishments

Program 1
Expenses: $135,142 Revenue: $0

Silicon Valley Bicycle Exchange donated 884 bicycles to charitable organizations supporting children, military veterans, and the homeless. The dates and recipients of these donations are detailed on...

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Silicon Valley Bicycle Exchange donated 884 bicycles to charitable organizations supporting children, military veterans, and the homeless. The dates and recipients of these donations are detailed on Schedule O. Over 400 bikes were repaired at off-site events held at schools and other venues. 342 locks, 150 helmets, and 131 light sets were donated.

Program 2
Expenses: $67,571 Revenue: $0

The Silicon Valley Bicycle Exchange has opened a small community bike shop that circulates inexpensive, high-quality, gently-used bicycles back into the community. The bicycle exchange sold 677...

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The Silicon Valley Bicycle Exchange has opened a small community bike shop that circulates inexpensive, high-quality, gently-used bicycles back into the community. The bicycle exchange sold 677 reasonably priced bicycles in 2021. The vast majority of these bicycles are repaired by volunteers which gives the volunteers the opportunity to learn bicycle repair techniques. Income from the community bike shop is used to support the exchanges other programs such as bicycle donations and bicycle repair events.

Program 3
Expenses: $22,524 Revenue: $0

Silicon Valley Bicycle Exchange promoted bicycle repair education by hosting 133 skills sharing events that were supported by and attended by 610 volunteers, who collectively volunteered over 11,039...

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Silicon Valley Bicycle Exchange promoted bicycle repair education by hosting 133 skills sharing events that were supported by and attended by 610 volunteers, who collectively volunteered over 11,039 hours of their time.

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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 (2023)

Revenue Breakdown

Contributions & Grants $112,932
Program Service Revenue $0
Investment Income $17,722
Other Revenue $298,395
TOTAL REVENUE $429,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $192,160
Fundraising Expenses $0
Program Expenses $225,237
Other Expenses $67,349
TOTAL EXPENSES $259,509

Year-over-Year Comparison

2023 2022 Change
Revenue $429,049 $340,525 +0.3%
Expenses $259,509 $231,337 +0.1%
Net Income $169,540 $109,188 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
610

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
7
$113,000
Key Employees
1
$113,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David K Fork President and Board Member 12.50
Officer Director
$0 $0 $0
Lucy Hsu Treasurer and Board Member 14.90
Officer Director
$0 $0 $0
Roger Conley-Smith Secretary and Board Member 4.50
Officer Director
$0 $0 $0
Bruce Hildenbrand Board Member 5.00
Director
$0 $0 $0
Judy Colwell Board Member 4.90
Director
$0 $0 $0
John P Miller Board Member 8.90
Director
$0 $0 $0
Andrew Yee Executive Director 40.00
Director Key Emp Highest
$113,000 $0 $113,000
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
2024 No data No data No data No data
2023 $429,049 $259,509 $937,868 $169,540
2022 $340,525 $231,337 $765,053 $109,188
2021 $343,223 $200,328 $767,337 $142,895
2020 $259,438 $154,687 $590,603 $104,751
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