Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
4 people listed on the 990; $58K paid to officers and key staff (Part VII, Section A).
Kerri Martin’s $65K as Vice Preside is at the 56th percentile of top reported officer pay among 1992 $100K–1M youth development 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Kerri Martin | $65,000 | $60,000 | $57,750 | $54,167 | $44,167 |
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.
See Second Life Bikes executive salaries →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
Connects people through biking, skill-building, rides, safety, and art, repurposing bikes for social enterprise.
Questions for Second Life Bikes
Your first name shows with your question. Second Life Bikes answers here, for everyone.
The mission of second life bikes, inc. Is to create a biking community in the asbury park area with a focus on children. The organization primarily uses proceeds from the community bike shop to support a youth earn-a-bike program. Second life bikes, inc. Continued to fulfill its mission through the community bike shop.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-3484801) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $153K | $132K |
| Total assetsLn 16 | $268K | $311K |
| LiabilitiesLn 26 | $7K | $55K |
| Net assetsLn 32 | $262K | $256K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $97K | $85K | $8K | $4K |
| Payroll taxesLn 10 | $8K | $7K | $653 | $327 |
| Accounting feesLn 11c | $6K | $6K | ||
| Advertising and promotionLn 12 | $420 | $420 | ||
| Office expensesLn 13 | $3K | $110 | $3K | $5 |
| OccupancyLn 16 | $56K | $49K | $4K | $2K |
| InterestLn 20 | $3K | $3K | $271 | $135 |
| InsuranceLn 23 | $7K | $6K | $589 | $295 |
| Other expenses (24a–d)Ln 24 | $245K | $244K | $843 | |
| All other expensesLn 24e | $522 | $522 | ||
| Total functional expensesLn 25 | $427K | $396K | $23K | $7K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Oct 28, 2025 | $467K | $500K | −$33K | $242K | 990 PDF |
| FY2023Filed with the IRS Oct 21, 2024 | $473K | $454K | $20K | $276K | 990 PDF |
| FY2022 ViewingFiled with the IRS Oct 25, 2023 | $421K | $427K | −$6K | $256K | 990 PDF |
| FY2021Filed with the IRS Oct 28, 2022 | $483K | $437K | $46K | $262K | 990 PDF |
| FY2020Filed with the IRS Nov 12, 2021 | $470K | $438K | $32K | $216K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $421,046 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 3 to look at
Part VIII · Statement of revenue $421,046 across 7 lines filed
Part IX · Statement of functional expenses $427,029 across 10 lines filed
Part X · Balance sheet $310,993 assets, 12 lines filed
Part XI · Reconciliation of net assets $255,657 net assets at year end
Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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