Dream Bikes INC EIN 26-0596151 Form 990 (PDF) Claim this org

Dream Bikes INC FY2022 filing

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Trains and employs youth, assists children, and uses bikes to positively impact low-income communities. For fiscal year 2022 it reported $208K in revenue, $361K in expenses, and $213K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Madison, WI
Website
dream-bikes.org
Filings
6 on file (2019–2022)
Revenue
$208KFY2022
Expenses
$361K
Net assets
$213K
People
3
Filings
6
Updates
0
More identity details & actions ⌄
EIN  26-0596151 Public charity (501(c)(3)) Madison, WI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Trains and employs youth, assists children, and uses bikes to positively impact low-income communities.
Leadership
Matthew Martinez · President · $82K
Money in and out
$208K revenue, $361K expenses
Bottom line
79% program efficiency
Where the money goes · FY2022
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$153K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Program efficiency
79%
of spending reaches programs
Operating runway
5.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-74%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$208K
FY2022▼ -55%
Expenses
$361K
FY2022▲ +22%
Total assets
$231K
FY2022▼ -40%
Total liabilities
$19K
FY2022▼ -22%
Total revenue
$208K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$213K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$153K
Total assetsPt X · Ln 16$231K
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDream Bikes INC
EINHdr · item D26-0596151
Principal addressHdr · item CMadison, WI
WebsiteHdr · item Jdream-bikes.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMar 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$82,500Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Matthew Martinez’s $69K as President is at the 61st percentile of top reported officer pay among 1615 $100K–1M education 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 · 1 named individual · Part VII

NameFY2024FY2022FY2021
Matthew Martinez$69,461$82,500$65,510

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 $287K of program spending, described in the organization's own filed words · FY2022.
01

Operation of a resale shop selling student-repaired bicycles, in which the youth will be employed and will learn the fundamentals of bike repair and running a small retail business

$287Kprogram expense
02

Training in the proper use of helmets and bicycle safety.

Pt IX · col B

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Statement of Revenue

Part VIII
Other revenue$108K · 52%
Contributions & grants$100K · 48%
Other revenue52%$108K
Contributions & grants48%$100K
Total revenueLn 12$208K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$287K
Management & general21%$75K
Total functional expensesLn 25$361K

Balance Sheet

Part X · end of year
CashLn 1$170K
Total assetsLn 16$231K
Total liabilitiesLn 26$19K
Total net assetsLn 32$213K
Months of cash on handcomputed5.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $170K · Operating expenses/yr $361K
5.6 months
Where the money goes
Program services
Program services $287K · Total expenses $361K
79%
Management & General
Management & general $75K · Total expenses $361K
21%
Fundraising
Fundraising $0 · Total expenses $361K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $570 · Solicited contributions (3-yr avg) $147K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $100K · Total revenue $208K
48%
Government reliance
Government grants — · Total revenue $208K
Earned-income share
Program service revenue $0 · Total revenue $208K
0%
Investment reliance
Investment income $0 · Total revenue $208K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $361K
0%
Growth & trend
Revenue growth (YoY)
This year $208K · Prior year $463K
-55%
Net-asset trend (YoY)
End of year $213K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $208K · Expenses $361K
-74%
Liabilities-to-Assets
Total liabilities — · Total assets $231K
Net-asset ratio
Net assets $213K · Total assets $231K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $231K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Matthew Martinez · Reported title PRESIDENT · Highest reported compensation $82K · Total expenses $361K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $114K · Total expenses $361K
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Revenue growth -55%
Accounting fee ratio 3%

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 · FY2020
Total grants receivedfrom 2 funders$1K

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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)$321K revenue · ⤓ 990 PDF
FY2023$304K revenue · ⤓ 990 PDF
FY2022$208K revenue · viewing · ⤓ 990 PDF
FY2021$463K revenue · ⤓ 990 PDF
FY2020$638K revenue · ⤓ 990 PDF
FY2019$679K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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