Queen City Bicycle Collective FY2024 filing

Manchester, NH · Public charity (501(c)(3)) · Community Development

✓ Tax-deductible
Revenue
$226K
-16% vs prior year
Spent
$222K
To programs
86%
Net assets
$230K
By yearFY2021–FY2025
Revenue
$226K
FY2024▼ -16%
Revenue by fiscal year
FY2021$156K
FY2022$294K
FY2023$270K
FY2024$226K
FY2025$327K
Expenses
$222K
FY2024▲ +3%
Expenses by fiscal year
FY2021Not on file
FY2022$186K
FY2023$215K
FY2024$222K
FY2025$263K
Net assets
$230K
FY2024▲ +2%
Net assets by fiscal year
FY2021$63K
FY2022$170K
FY2023$225K
FY2024$230K
FY2025$293K

From the FY2024 Form 990 (year ending March 2024) · see the original

You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CQueen City Bicycle Collective
EINHdr · item D47-4147461
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFSep 2019
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CManchester, NH
NTEE classificationIRS BMFCommunity Development (S99)
WebsiteHdr · item Jwww.qcbike.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.12 Fundraising $0.02
Program services86%$190K
Management & general12%$28K
Fundraising2%$4K
Total functional expensesLn 25$222K

Financial health

Is it on solid ground?

Program efficiency
86%
of spending reaches programs
Operating runway
12.5mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$242K
FY2024▲ +2%
Total assets by fiscal year
FY2021Not on file
FY2022$180K
FY2023$238K
FY2024$242K
FY2025$316K
Total liabilities
$13K
FY2024▼ -1%
Total liabilities by fiscal year
FY2021Not on file
FY2022$10K
FY2023$13K
FY2024$13K
FY2025$23K
Revenue less expensesPt I · Ln 19$4K
Total assetsPt X · Ln 16$242K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Balance Sheet

Part X · end of year
CashLn 1$231K
Total assetsLn 16$242K
Total liabilitiesLn 26$13K
Total net assetsLn 32$230K
Months of cash on handcomputed12.5

Statement of Revenue

Part VIII
Contributions & grants$140K · 62%
Program service revenue$83K · 37%
Investment income$3K · 1%
Contributions & grants62%$140K
Program service revenue37%$83K
Investment income1%$3K
— government grantsLn 1e$11K
Total revenueLn 12$226K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $231K · Operating expenses/yr $222K
12.5 months
Where the money goes
Program services
Program services $190K · Total expenses $222K
86%
Management & General
Management & general $28K · Total expenses $222K
12%
Fundraising
Fundraising $4K · Total expenses $222K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $2K · Solicited contributions (3-yr avg) $152K
$0.01 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $140K · Total revenue $226K
62%
Government reliance
Government grants $11K · Total revenue $226K
5%
Earned-income share
Program service revenue $83K · Total revenue $226K
37%
Investment reliance
Investment income $3K · Total revenue $226K
+1%
Program self-sufficiency
Program service revenue $83K · Total expenses $222K
37%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $270K
-16%
Net-asset trend (YoY)
End of year $230K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $222K
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $242K
—
Net-asset ratio
Net assets $230K · Total assets $242K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $242K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tyler Glodt · Reported title EXECUTIVE DI · Highest reported compensation $62K · Total expenses $222K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $108K · Total expenses $222K
49%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%——
Overhead ratio 12%——
Fundraising cost ratio 3%——
Revenue growth -16%——
Accounting fee ratio 4%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Di
$62,400Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Tyler Glodt’s $65K as Executive Di is at the 41st percentile of top reported officer pay among 1709 $100K–1M community 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

NameFY2025FY2024FY2023FY2022FY2021
Tyler Glodt$64,620$62,400$49,700$45,900$47,350

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 Queen City Bicycle Collective executive salaries →

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Governance & Policies

Part VI
  • 9Voting board membersPt VI · Ln 1a
  • 9Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Helps the community ride bikes safely and affordably.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $190K of program spending, described in the organization's own filed words · FY2023.
01

Open Shop/Affordable Bikes

QC bike provides "do-it-together" bike repair services for our community. The tools are in the bike user's hands, whenever possible. Our repairs are done with mostly recycled parts, culled from donated bikes. There were 1,288 documented service visits by 734 unique individuals in the last year.

$103Kprogram expense
02

Vouchered Bike Programs

QC bike offers various vouchered programs, supported by grant or donor funds, where a bike package (consisting of a refurbished bike, lights,lock, and helmet) is provided free, or at a nominal price, to the end user.

$58Kprogram expense
03

Community Outreach

QC bike continues to expand our efforts to cultivate and nurture the bike community in manchester. We offer regular, community group rides. We have held AND/OR participated in many local events, including by providing bike parking at city events.

$30Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $327K$263K+45% 990 PDF
FY2024 Viewing $226K$222K-16% 990 PDF
FY2023 $270K$215K-8% 990 PDF
FY2022 $294K$186K+88% 990 PDF
FY2021 $156K— 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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