Franklinton Cycleworks EIN 27-4196075

Franklinton Cycleworks

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Offers free tools, space, and volunteer help for community bike repair and learning. For fiscal year 2024 it reported $555K in revenue, $532K in expenses, and $373K in net assets.Pt I

Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
Columbus, OH
Website
www.franklintoncycleworks.org
Filings
5 on file (2020–2024)
Revenue
$555KFY2024
Expenses
$532K
Net assets
$373K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  27-4196075 Public foundation / grantmaker Columbus, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers free tools, space, and volunteer help for community bike repair and learning.
Leadership
Jonathan Youngman · Executive Director · $64K
Money in and out
$555K revenue, $532K expenses
Bottom line
77% program efficiency
Grants paid & assets · FY2024
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$532K
Pt IX · Ln 25
Net assets
$373K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $23K
Where spending went · Part IX cols B–D
Program services $0.77 Management & general $0.23
Program efficiency
77%
of spending reaches programs▼ -21% vs prior filing year
Operating runway
3.7mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▼ -72% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$555K
FY2024▲ +8%
Expenses
$532K
FY2024▲ +21%
Total assets
$767K
FY2024▲ +1%
Total liabilities
$394K
FY2024▼ -4%
Total revenue
$555K
Pt VIII · Ln 12
Total expenses
$532K
Pt IX · Ln 25
Net assets
$373K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$23K
Total assetsPt X · Ln 16$767K
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $409K of program spending, described in the organization's own filed words · FY2024.
01

Bike Sales

Refurbishment and sale of bicycles, parts, and accessories. Proceeds from sales support the funding of other programs.

$258Kprogram expense
02

Open Shop and Bike School

Free bicycle repair, maintenance, and education for franklinton residents.

$125Kprogram expense
03

Youth and Adult Bicycle Programs

Includes provision of free and low-cost bicycles and accessories, education, and events to encourage an active lifestyle.

$27Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFranklinton Cycleworks
EINHdr · item D27-4196075
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jwww.franklintoncycleworks.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFOct 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$64,407Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A

Jonathan Youngman’s $64K as Executive Director is at the 61st percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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

NameFY2024FY2023FY2021FY2020
Jonathan Youngman$64,407$55,178$49,615$40,000

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
Program service revenue$398K · 72%
Contributions & grants$156K · 28%
Program service revenue72%$398K
Contributions & grants28%$156K
Investment income$310
Other revenue$2K
Total revenueLn 12$555K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$409K
Management & general23%$123K
Total functional expensesLn 25$532K

Balance Sheet

Part X · end of year
CashLn 1$164K
Total assetsLn 16$767K
Total liabilitiesLn 26$394K
Total net assetsLn 32$373K
Months of cash on handcomputed3.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $164K · Operating expenses/yr $532K
3.7 months
Where the money goes
Program services
Program services $409K · Total expenses $532K
77%
Management & General
Management & general $123K · Total expenses $532K
23%
Fundraising
Fundraising $0 · Total expenses $532K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $123K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $156K · Total revenue $555K
28%
Government reliance
Government grants — · Total revenue $555K
Earned-income share
Program service revenue $398K · Total revenue $555K
72%
Investment reliance
Investment income $310 · Total revenue $555K
+0.06%
Program self-sufficiency
Program service revenue $398K · Total expenses $532K
75%
Growth & trend
Revenue growth (YoY)
This year $555K · Prior year $516K
+8%
Revenue CAGR
FY2020 $241K · FY2024 $555K
+23%
Net-asset trend (YoY)
End of year $373K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $555K · Expenses $532K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $767K
Net-asset ratio
Net assets $373K · Total assets $767K
49%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $767K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jonathan Youngman · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $64K · Total expenses $532K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $283K · Total expenses $532K
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 77%
Overhead ratio 23%
Fundraising cost ratio 0%
Revenue growth 8%
Accounting fee ratio 0.5%

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
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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)$555K revenue · viewing · ⤓ 990 PDF
FY2023$516K revenue · ⤓ 990 PDF
FY2022$378K revenue · ⤓ 990 PDF
FY2021$345K revenue · ⤓ 990 PDF
FY2020$241K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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