Nice Ride Minnesota

Minneapolis, MNUnknown exempt organizationEIN 26-4372592

To enhance quality of life by providing convenient, easy-to-use bike sharing and fleet programs that will provide residents and visitors a healthy, fun, different way to get around town.

87¢ of each $1 spent went to programs.
Run by 11 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $470K a year · 110% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$16K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$208K
-57% vs prior year
Spent
$770K
To programs
87%
Net assets
$0
By yearFY2020–FY2023
Revenue
$208K
FY2023▼ -57%
Revenue by fiscal year
FY2020$428K
FY2021$587K
FY2022$484K
FY2023$208K
Expenses
$770K
FY2023+0.5%
Expenses by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$766K
FY2023$770K
Net assets
$0
FY2023▼ -100%
Net assets by fiscal year
FY2020$1.2M
FY2021$827K
FY2022$545K
FY2023$0

From the FY2023 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $669K Management & general 13% · $101K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990; $16K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$16,235Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2022FY2021FY2020
Bill Dossett$16,235$33,500$33,500$33,500

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers convenient bike sharing for healthy, fun city travel.

Provided by the organization

This section is blank until Nice Ride Minnesota claims this page.

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1 program service account for $669K of program spending, described in the organization's own filed words · FY2023.
01

In 2022, nice ride minnesota's primary program was oversight of a public bike sharing system, which creates a simple, low-cost alternative transportation solution to increase physical activity levels, reduce congestion, reduce dependence on fossil fuels and auto emissions, and enhance urban vitality.

$669Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$16
Grants paid · 3 grants · $669K · 2023–2023
City of MinneapolisFY2023$17,000
Free Bikes 4 KidzMN · FY2023$7,770

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$208K
Ln 12
Investment incomeLn 3$168K
Fees for servicesLn 2g$33K
Other incomeLn 4–11$8K
Money outPt IX
$770K
Ln 25
Programscol B$669K
Managementcol C$101K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$33K
Investment incomeLn 3$168K
Other incomeLn 4–11$8K
Gains on assetsLn 7$168K
Total revenueLn 12$208K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 51
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$36K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$649K$0
Total assetsLn 16$699K$0
LiabilitiesLn 26$154K$0
Net assetsLn 32$545K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$669K$669K
Pay of current officers, directors and key staffLn 5$19K$19K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$42K$42K
Other fees for servicesLn 11g$11K$11K
Office expensesLn 13$3K$3K
OccupancyLn 16$13K$13K
TravelLn 17$350$350
InterestLn 20$660$660
InsuranceLn 23$9K$9K
Total functional expensesLn 25$770K$669K$101K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $208K$770K−$562K$0 990 PDF
FY2022 $484K$766K−$283K$545K 990 PDF
FY2021 $587K$1.0M−$419K$827K 990 PDF
FY2020 $428K$1.0M−$617K$1.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $208,340 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,917$32,917
VIII-7 Net gain or loss on sales of assetsExcluded from tax $167,640$167,640
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,783$7,783
VIII-12 Total revenueRelated to mission $32,917 · Unrelated business $0 · Excluded from tax $175,423$208,340
Part IX · Statement of functional expenses $769,902 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $668,581$668,581
IX-5 Pay of current officers, directors and key staffManagement $18,975$18,975
IX-10 Payroll taxesManagement $3,021$3,021
IX-11c Accounting feesManagement $42,386$42,386
IX-11g Other fees for servicesManagement $10,918$10,918
IX-13 Office expensesManagement $3,431$3,431
IX-16 OccupancyManagement $13,053$13,053
IX-17 TravelManagement $350$350
IX-20 InterestManagement $660$660
IX-23 InsuranceManagement $8,527$8,527
IX-25 Total functional expensesPrograms $668,581 · Management $101,321 · Fundraising $0$769,902
Part X · Balance sheet $0 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $36,267$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $7,770$0
X-9 Prepaid expenses and deferred chargesStart of year $5,877$0
X-10c Land, buildings and equipment, netStart of year $649,055$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $698,969$0
X-17 Accounts payable and accrued expensesStart of year $3,673$0
X-26 Total liabilitiesStart of year $154,407$0
X-27 Net assets without donor restrictionsStart of year $544,562$0
X-32 Total net assets or fund balancesStart of year $544,562$0
X-33 Total liabilities and net assetsStart of year $698,969$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$208,340
XI-2 Total expenses$769,902
XI-3 Revenue less expenses−$561,562
XI-4 Net assets at start of year$544,562
XI-9 Other changes in net assets$17,000
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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