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Nice Ride Minnesota FY2020 filing

Minneapolis, MNUnknown exempt organization EIN 26-4372592Revenue $428K in FY2020

On file with the IRSmanagesharedmobilitymn.org2030 Elm Street Se · Minneapolis, MN

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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.

96¢ of each $1 spent went to programs.
$34K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$34K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $16
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$234K
16% of total assets
Looks good: liabilities are 16% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$428K
Spent
$1.0M
To programs
96%
Net assets
$1.2M
By yearFY2020–FY2023
Revenue
$428K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$428K
FY2021$587K
FY2022$484K
FY2023$208K
Expenses
$1.0M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$766K
FY2023$770K
Net assets
$1.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$827K
FY2022$545K
FY2023$0

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2023) →

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

96 cents of each dollar spent went to programs.

Program services 96% · $1.0M Management & general 4% · $42K Fundraising 0% · $997

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

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Who runs it and what they're paid

12 people listed on the 990; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
Bill Dossett
Executive Director
$33,500Pt VII · Sec A
Michael Laux
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Lisa Austin
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Rt Rybak
Director
$0Pt VII · Sec A
Mark Bixby
President
$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.

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2020
01

Nice ride minnesota's primary program is 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.

$1.0Mprogram expense

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
Amazonsmile FoundationFY2023$16
Total grants receivedfrom 1 funder$16
Grants paid · 3 grants · $669K · 2023–2023
Great Plains Institute for Sustainable DevelopmentMN · FY2023$643,811
City of MinneapolisFY2023$17,000
Free Bikes 4 KidzMN · FY2023$7,770

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$428K
Ln 12
Fees for servicesLn 2g$278K
Other incomeLn 4–11$92K
Gifts and grantsLn 1h$59K
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Managementcol C$42K
Fundraisingcol D$997
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$1.5M
LiabilitiesLn 26$234K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$59K
Government grantsLn 1e$59K
Fees for servicesLn 2g$278K
Other incomeLn 4–11$92K
Total revenueLn 12$428K
Assets in detailPt X, end of year
CashLn 1$1
SavingsLn 2$92K
Cash and savings togetherLn 1–2$92K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.5M
LiabilitiesLn 26$234K
Net assetsLn 32$1.2M
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 FY20End FY20
Cash and savingsLn 1–2$20K$92K
Land, buildings, equipmentLn 10c$2.0M$1.4M
Total assetsLn 16$2.1M$1.5M
LiabilitiesLn 26$191K$234K
Net assetsLn 32$1.9M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$34K$16K$17K
Pension plan contributionsLn 8$1K$530$552
Other employee benefitsLn 9$2K$901$938
Payroll taxesLn 10$4K$2K$2K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$65K$58K$7K
Advertising and promotionLn 12$20K$19K$997
Office expensesLn 13$165$79$86
Information technologyLn 14$580$468$112
OccupancyLn 16$6K$4K$2K
TravelLn 17$26$26
InterestLn 20$6K$5K$1K
Depreciation, depletion and amortizationLn 22$615K$615K
InsuranceLn 23$11K$3K$8K
Other expenses (24a–d)Ln 24$279K$278K$1K
Total functional expensesLn 25$1.0M$1.0M$42K$997

Filing history

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

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $428,474 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$58,805
I-9 Program service revenuePrior year $416,517$277,662
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $106,543$92,007
I-12 Total revenuePrior year $523,060$428,474
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $49,937$40,382
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,331,381$1,005,442
I-18 Total expensesPrior year $1,381,318$1,045,824
I-19 Revenue less expensesPrior year −$858,258−$617,350
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $428,474 across 5 lines filed
VIII-1e Government grants$58,805
VIII-1h Total contributions, gifts and grants$58,805
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $277,662$277,662
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $92,007$92,007
VIII-12 Total revenueRelated to mission $277,662 · Unrelated business $0 · Excluded from tax $92,007$428,474
Part IX · Statement of functional expenses $1,045,824 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $16,415 · Management $17,085$33,500
IX-8 Pension plan contributionsPrograms $530 · Management $552$1,082
IX-9 Other employee benefitsPrograms $901 · Management $938$1,839
IX-10 Payroll taxesPrograms $1,941 · Management $2,020$3,961
IX-11c Accounting feesManagement $1,749$1,749
IX-11g Other fees for servicesPrograms $58,226 · Management $7,126$65,352
IX-12 Advertising and promotionPrograms $18,936 · Fundraising $997$19,933
IX-13 Office expensesPrograms $79 · Management $86$165
IX-14 Information technologyPrograms $468 · Management $112$580
IX-16 OccupancyPrograms $4,419 · Management $1,894$6,313
IX-17 TravelPrograms $26$26
IX-20 InterestPrograms $5,109 · Management $1,350$6,459
IX-22 Depreciation, depletion and amortizationPrograms $614,823$614,823
IX-23 InsurancePrograms $2,932 · Management $7,954$10,886
IX-24 Other expenses (24a–d)Programs $277,662 · Management $1,494$279,156
IX-25 Total functional expensesPrograms $1,002,467 · Management $42,360 · Fundraising $997$1,045,824
Part X · Balance sheet $1,480,228 assets, 12 lines filed
X-1 Cash, non-interest-bearing$1
X-2 Savings and temporary cash investmentsStart of year $20,259$91,760
X-4 Accounts receivableStart of year $9,569$0
X-8 Inventories for sale or useStart of year $47,199$25,908
X-9 Prepaid expenses and deferred chargesStart of year $4,749$4,649
X-10c Land, buildings and equipment, netStart of year $1,972,733$1,357,910
X-16 Total assetsStart of year $2,054,509$1,480,228
X-17 Accounts payable and accrued expensesStart of year $20,810$69,844
X-26 Total liabilitiesStart of year $191,290$234,359
X-27 Net assets without donor restrictionsStart of year $1,863,219$1,245,869
X-32 Total net assets or fund balancesStart of year $1,863,219$1,245,869
X-33 Total liabilities and net assetsStart of year $2,054,509$1,480,228
Part XI · Reconciliation of net assets $1,245,869 net assets at year end
XI-1 Total revenue$428,474
XI-2 Total expenses$1,045,824
XI-3 Revenue less expenses−$617,350
XI-4 Net assets at start of year$1,863,219
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,245,869

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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