Phoenix Bikes EIN 20-8842260 Form 990 (PDF) Claim this org

Phoenix Bikes FY2021 filing

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Empowers youth through cycling to find passion, purpose, and community belonging. For fiscal year 2021 it reported $507K in revenue, $417K in expenses, and $409K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Arlington, VA
Website
www.phoenixbikes.org
Filings
5 on file (2020–2021)
Revenue
$507KFY2021
Expenses
$417K
Net assets
$409K
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-8842260 Public charity (501(c)(3)) Arlington, VA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Empowers youth through cycling to find passion, purpose, and community belonging.
Leadership
Emily Gage · Executive Director · $76K
Money in and out
$507K revenue, $417K expenses
Bottom line
75% program efficiency
Where the money goes · FY2021
Total revenue
$507K
Pt VIII · Ln 12
Total expenses
$417K
Pt IX · Ln 25
Net assets
$409K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.11 Fundraising $0.14
Program efficiency
75%
of spending reaches programs
Operating runway
12.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$507K
FY2021▲ +12%
Expenses
$417K
FY2021▲ +8%
Total assets
$421K
FY2021▲ +6%
Total liabilities
$11K
FY2021▼ -86%
Total revenue
$507K
Pt VIII · Ln 12
Total expenses
$417K
Pt IX · Ln 25
Net assets
$409K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$421K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhoenix Bikes
EINHdr · item D20-8842260
Principal addressHdr · item CArlington, VA
WebsiteHdr · item Jwww.phoenixbikes.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MVA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N99)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$76,008Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member Through Dec 2021
$0Pt VII · Sec A
$0Pt VII · Sec A
Member Through Dec 2021
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Emily Gage$60,426$85,000$76,375$76,008$75,854
Thomas Shannon$3,958

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

2 program services account for $311K of program spending, described in the organization's own filed words · FY2021.
01

Job Training and Shop Operations

The bike shop serves as a venue for teaching youth basic business and job skills, including customer service and the economics of bicycle repair and sales. Through our full-service bike shop, we worked hard to keep biking accessible to all by offering one of the most affordable selections of both used bikes and bike parts in the DC metro…

$184Kprogram expense
02

Youth and Community Programs

Through afterschool and summer programs, we taught bike mechanics, riding and racing skills to youth in 6TH - 12TH grade, empowering them with practical skills and confidence to take into their futures. In 2021, 220 students spent over 3,000 hours learning and volunteering in our programs.

$127Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$486K · 96%
Other revenue$20K · 4%
Contributions & grants96%$486K
Other revenue4%$20K
Investment income$771
— government grantsLn 1e$54K
Total revenueLn 12$507K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.11 Fundraising $0.14
Program services75%$311K
Management & general11%$46K
Fundraising14%$60K
Total functional expensesLn 25$417K

Balance Sheet

Part X · end of year
CashLn 1$293K
Total assetsLn 16$421K
Total liabilitiesLn 26$11K
Total net assetsLn 32$409K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $293K · Operating expenses (Pt IX) $417K · Less non-cash grants $136K · Cash operating expenses/yr $280K
12.5 months
Where the money goes
Program services
Program services $311K · Total expenses $417K
75%
Management & General
Management & general $46K · Total expenses $417K
11%
Fundraising
Fundraising $60K · Total expenses $417K
14%
Cost to raise $1
Fundraising expense (2-yr avg) $55K · Solicited contributions (2-yr avg) $428K
$0.13 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $486K · Total revenue $507K
96%
Government reliance
Government grants $54K · Total revenue $507K
11%
Earned-income share
Program service revenue $0 · Total revenue $507K
0%
Investment reliance
Investment income $771 · Total revenue $507K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $417K
0%
Growth & trend
Revenue growth (YoY)
This year $507K · Prior year $452K
+12%
Net-asset trend (YoY)
End of year $409K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $507K · Expenses $417K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $421K
Net-asset ratio
Net assets $409K · Total assets $421K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $421K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Gage · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $76K · Total expenses $417K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $417K
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 11%
Fundraising cost ratio 12%
Revenue growth 12%
Accounting fee ratio 0.7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 11 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$668K revenue · ⤓ 990 PDF
FY2023$754K revenue · ⤓ 990 PDF
FY2022$640K revenue · ⤓ 990 PDF
FY2021$507K revenue · viewing · ⤓ 990 PDF
FY2020$452K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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