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

Phoenix Bikes FY2023 filing

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Empowers youth through cycling to find passion, purpose, and community belonging. For fiscal year 2023 it reported $754K in revenue, $665K in expenses, and $481K in net assets.Pt I

Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Arlington, VA
Website
www.phoenixbikes.org
Filings
5 on file (2020–2023)
Revenue
$754KFY2023
Expenses
$665K
Net assets
$481K
People
15
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 FY2023 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 · $85K
Money in and out
$754K revenue, $665K expenses
Bottom line
77% program efficiency
Where the money goes · FY2023
Total revenue
$754K
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$481K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $90K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.09 Fundraising $0.14
Program efficiency
77%
of spending reaches programs
Operating runway
11.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+12%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$754K
FY2023▲ +18%
Expenses
$665K
FY2023▲ +15%
Total assets
$492K
FY2023▲ +3%
Total liabilities
$12K
FY2023▲ +105%
Total revenue
$754K
Pt VIII · Ln 12
Total expenses
$665K
Pt IX · Ln 25
Net assets
$481K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$90K
Total assetsPt X · Ln 16$492K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

2 program services account for $510K of program spending, described in the organization's own filed words · FY2023.
01

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

$303Kprogram expense
02

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. In addition to training youth volunteers, we trained five paid high school interns who helped run our full-service bike shop.

$207Kprogram expense

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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 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$85,000Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Emily Gage’s $60K as Former Executive Director is at the 70th percentile of top reported officer pay among 1017 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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Statement of Revenue

Part VIII
Contributions & grants$634K · 84%
Other revenue$116K · 15%
Investment income$4K · 1%
Contributions & grants84%$634K
Other revenue15%$116K
Investment income1%$4K
— government grantsLn 1e$5K
Total revenueLn 12$754K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.09 Fundraising $0.14
Program services77%$510K
Management & general9%$59K
Fundraising14%$95K
Total functional expensesLn 25$665K

Balance Sheet

Part X · end of year
CashLn 1$468K
Total assetsLn 16$492K
Total liabilitiesLn 26$12K
Total net assetsLn 32$481K
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $468K · Operating expenses (Pt IX) $665K · Less non-cash grants $153K · Cash operating expenses/yr $512K
11.0 months
Where the money goes
Program services
Program services $510K · Total expenses $665K
77%
Management & General
Management & general $59K · Total expenses $665K
9%
Fundraising
Fundraising $95K · Total expenses $665K
14%
Cost to raise $1
Fundraising expense (3-yr avg) $77K · Solicited contributions (3-yr avg) $540K
$0.14 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $634K · Total revenue $754K
84%
Government reliance
Government grants $5K · Total revenue $754K
0.7%
Earned-income share
Program service revenue $0 · Total revenue $754K
0%
Investment reliance
Investment income $4K · Total revenue $754K
+0.5%
Program self-sufficiency
Program service revenue $0 · Total expenses $665K
0%
Growth & trend
Revenue growth (YoY)
This year $754K · Prior year $640K
+18%
Net-asset trend (YoY)
End of year $481K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $754K · Expenses $665K
+12%
Liabilities-to-Assets
Total liabilities — · Total assets $492K
Net-asset ratio
Net assets $481K · Total assets $492K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $492K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Emily Gage · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $85K · Total expenses $665K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $454K · Total expenses $665K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 9%
Fundraising cost ratio 15%
Revenue growth 18%
Accounting fee ratio 1%

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 · viewing · ⤓ 990 PDF
FY2022$640K revenue · ⤓ 990 PDF
FY2021$507K revenue · ⤓ 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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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