Bikes with Wings INC

EIN 46-0746409 Public charity (501(c)(3)) Mt Washington, KY NTEE M40
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Revenue & expenses by yearFY2020–FY2022
Revenue
$15K
FY2022▲ +161%
Expenses
$2K
FY2022▲ +200%

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).


Promotes safety for bikes, skateboards, and scooters, and builds public recreational areas. For fiscal year 2022 it reported $15K in revenue, $2K in expenses, and $61K in net assets.Pt I

Type
Public charity (501(c)(3)) · Public Safety & Disaster
Location
Mt Washington, KY
Website
www.bikeswithwings.com
Filings
3 on file (2020–2022)
Revenue
$15KFY2022
Expenses
$2K
Net assets
$61K
People
3
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Provided by the organization

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Size
<$100K
What they do
Promotes safety for bikes, skateboards, and scooters, and builds public recreational areas.
Leadership
Sara Beth Goodman · Director
Money in and out
$15K revenue, $2K expenses
Bottom line
9% program efficiency

What Funders Ask

From IRS filings

Tax-deductible?

good Yes

Per the IRS master file. Details →

Can I give now?

good No revocation on IRS record

Not on the IRS revocation list. Details →

Filing up to date?

warning Last filed FY2022 — 4 yrs ago

Details →

Foundation funders?

good 1 funder — Amazonsmile Foundation

$125 in the latest grant year. Details →

Spent on programs?

critical 9% to programs

Form 990 Part IX, latest filing. Details →

Size and trend

<$100K

↑ +161% vs prior year Details →

Where the money goes · FY2022
Total revenue
$15K
Pt VIII · Ln 12
Total expenses
$2K
Pt IX · Ln 25
Net assets
$61K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $0.09 Management & general $0.73 Fundraising $0.18
Program efficiency
9%
of spending reaches programs
Operating runway
362.8mo
months of highly liquid reserves at operating expense rate▼ -63% vs prior filing year
Surplus margin
+86%
revenue over expenses, this year▼ -2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$61K
FY2022▲ +11%
Total liabilities
$0
FY2022
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$61K
Program-expense ratioPt IX · col B9%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CBikes with Wings INC
EINHdr · item D46-0746409
Principal addressHdr · item CMt Washington, KY
WebsiteHdr · item Jwww.bikeswithwings.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFPublic Safety & Disaster (M40)
Ruling yearIRS BMFJan 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $181 of program spending, described in the organization's own filed words · FY2022.
01

Passed out bike safety helments, stickers & shirts

$181program expense

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Statement of Revenue

Part VIII
Contributions & grants100%$15K
Total revenueLn 12$15K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.09 Management & general $0.73 Fundraising $0.18
Program services9%$181
Management & general73%$1K
Fundraising18%$369
Total functional expensesLn 25$2K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$61K
Total liabilitiesLn 26$0
Total net assetsLn 32$61K
Months of cash on handcomputed362.8

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $2K
362.8 months
Where the money goes
Program services
Program services $181 · Total expenses $2K
9%
Management & General
Management & general $1K · Total expenses $2K
73%
Fundraising
Fundraising $369 · Total expenses $2K
18%
Cost to raise $1
Fundraising expense (3-yr avg) $123 · Solicited contributions (3-yr avg) $10K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $15K · Total revenue $15K
100%
Government reliance
Government grants — · Total revenue $15K
—
Earned-income share
Program service revenue $0 · Total revenue $15K
0%
Investment reliance
Investment income $0 · Total revenue $15K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $2K
0%
Growth & trend
Revenue growth (YoY)
This year $15K · Prior year $6K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $61K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $15K · Expenses $2K
+86%
Liabilities-to-Assets
Total liabilities — · Total assets $61K
—
Net-asset ratio
Net assets $61K · Total assets $61K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $61K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Sara Beth Goodman · Reported title Director · Highest reported compensation $0 · Total expenses $2K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $2K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 9%——
Overhead ratio 73%——
Fundraising cost ratio 2%——
Revenue growth 161%——
Accounting fee ratio 19%——

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 · FY2023
Total grants receivedfrom 1 funder$125

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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
FY2022 (Latest)$15K revenue · viewing · ⤓ 990 PDF
FY2021$6K revenue · ⤓ 990 PDF
FY2020$10K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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