Main Line Cycle Center: FY2022 Nonprofit Profile & Form 990 (EIN 27-5500795)

Jeremy Wagner’s $37K as Executive Director/Board Chair is at the 31st percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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
Jeremy Wagner	$37,049	$35,984	$35,984	$36,704	$36,462

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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Repairs and sells recycled bikes, teaching community members about safe, sustainable transportation.

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3 programs · $172K · in their own filed words · FY2022

01

Retail and repair shop level services for underserved riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of underserved riders. The bicycle industry defines an affordable bike as one costing below $1,000.

$77Kprogram expense

02

Recycling and Reuse

Lowertown Bike Shop is dedicated to sustainability in the bicycling community. They have refurbished or found a home for over 143 used bikes in 2022. LBS has saved hundreds of bikes from the landfill by keeping a stock of used bikes waiting to be fixed and rehabilitated for riders in need of a budget-friendly bike.

$60Kprogram expense

03

Educational and Training Services to Employees and Volunteers

Lowertown Bike Shop's volunteer program clocked a total of 492 volunteer hours. LBS allowed individuals to work off community service, or help fulfill an unemployment or school requirement. LBS also continued providing jobs and competitive wages in their community.

$34Kprogram expense

By the numbers

The FY2022 990, line by line.

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1The main four

Money inPt VIII

$239K

Ln 12

Other incomeLn 4–11$239K

Investment incomeLn 3$13

Money outPt IX

$227K

Ln 25

Programscol B$172K

Managementcol C$56K

Owns and owesPt X

$223K

net assets · Ln 32

Cash and savingsLn 1–2$2K

Total assetsLn 16$320K

LiabilitiesLn 26$97K

PeoplePt VI, VII

7

listed · VII A

PaidVII A1

Voting boardVI 1a7

IndependentVI 1b6

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$13

Other incomeLn 4–11$239K

Total revenueLn 12$239K

Assets in detailPt X, end of year

CashLn 1$2K

SavingsLn 2$5

Cash and savings togetherLn 1–2$2K

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$46K

Other assetsLn 15$0

Total assetsLn 16$320K

LiabilitiesLn 26$97K

Net assetsLn 32$223K

OperationsPt I, VI

EmployeesI 512

VolunteersI 615

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$42K	$2K
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$12K	$46K
Total assetsLn 16	$283K	$320K
LiabilitiesLn 26	$72K	$97K
Net assetsLn 32	$211K	$223K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$36K	$31K	$5K	$0
Other salaries and wagesLn 7	$89K	$81K	$8K	$0
Payroll taxesLn 10	$10K	$9K	$1K	$0
Accounting feesLn 11c	$2K	$0	$2K	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$685	$685	$0	$0
Advertising and promotionLn 12	$1K	$1K	$0	$0
Office expensesLn 13	$4K	$4K	$446	$0
Information technologyLn 14	$3K	$3K	$0	$0
OccupancyLn 16	$37K	$33K	$4K	$0
TravelLn 17	$374	$374	$0	$0
Conferences, conventions and meetingsLn 19	$3K	$0	$3K	$0
Depreciation, depletion and amortizationLn 22	$4K	$0	$4K	$0
InsuranceLn 23	$13K	$5K	$8K	$0
Other expenses (24a–d)Ln 24	$23K	$5K	$19K	$0
Total functional expensesLn 25	$227K	$172K	$56K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$206K	$238K	−$33K	$142K	990 PDF
FY2023	$194K	$242K	−$47K	$175K	990 PDF
FY2022 Viewing	$239K	$227K	$12K	$223K	990 PDF
FY2021	$226K	$243K	−$17K	$211K	990 PDF
FY2020	$333K	$209K	$124K	$228K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $239,038 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $10$13

I-11 Other revenuePrior year $226,055$239,025

I-12 Total revenuePrior year $226,065$239,038

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 $158,628$134,360

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $84,714$92,659

I-18 Total expensesPrior year $243,342$227,019

I-19 Revenue less expensesPrior year −$17,277$12,019

Part VI · Governance 6 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members6

VI-2 Family or business relationship among officers or directorsYes

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $239,038 across 4 lines filed

Lines not itemized here account for $239,025 of total revenue; see the IRS return.

VIII-1h Total contributions, gifts and grants$0

VIII-3 Investment incomeRelated to mission $13 · Unrelated business $0 · Excluded from tax $0$13

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $239,038 · Unrelated business $0 · Excluded from tax $0$239,038

Part IX · Statement of functional expenses $227,019 across 15 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $30,586 · Management $5,398 · Fundraising $0$35,984

IX-7 Other salaries and wagesPrograms $80,644 · Management $7,859 · Fundraising $0$88,503

IX-10 Payroll taxesPrograms $8,822 · Management $1,051 · Fundraising $0$9,873

IX-11c Accounting feesPrograms $0 · Management $2,288 · Fundraising $0$2,288

IX-11f Investment management fees$0

IX-11g Other fees for servicesPrograms $685 · Management $0 · Fundraising $0$685

IX-12 Advertising and promotionPrograms $1,156 · Management $0 · Fundraising $0$1,156

IX-13 Office expensesPrograms $4,014 · Management $446 · Fundraising $0$4,460

IX-14 Information technologyPrograms $2,611 · Management $0 · Fundraising $0$2,611

IX-16 OccupancyPrograms $32,990 · Management $3,666 · Fundraising $0$36,656

IX-17 TravelPrograms $374 · Management $0 · Fundraising $0$374

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $3,393 · Fundraising $0$3,393

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $4,492 · Fundraising $0$4,492

IX-23 InsurancePrograms $5,027 · Management $8,275 · Fundraising $0$13,302

IX-24 Other expenses (24a–d)Programs $4,595 · Management $18,647 · Fundraising $0$23,242

IX-25 Total functional expensesPrograms $171,504 · Management $55,515 · Fundraising $0$227,019

Part X · Balance sheet $319,634 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $6,337$2,439

X-2 Savings and temporary cash investmentsStart of year $35,516$5

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$1,148

X-8 Inventories for sale or useStart of year $227,025$269,520

X-9 Prepaid expenses and deferred chargesStart of year $1,512$503

X-10c Land, buildings and equipment, netStart of year $12,438$46,019

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $282,828$319,634

X-17 Accounts payable and accrued expensesStart of year $71,988$96,750

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-26 Total liabilitiesStart of year $71,988$96,750

X-27 Net assets without donor restrictionsStart of year $210,840$222,884

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $210,840$222,884

X-33 Total liabilities and net assetsStart of year $282,828$319,634

Part XI · Reconciliation of net assets $222,884 net assets at year end

XI-1 Total revenue$239,038

XI-2 Total expenses$227,019

XI-3 Revenue less expenses$12,019

XI-4 Net assets at start of year$210,840

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$25

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$222,884

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Main Line Cycle Center FY2022 filing

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