Two Bikes EIN 85-3640295

Two Bikes

EIN  85-3640295 Public charity (501(c)(3)) Knoxville, TN
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Size
$100K–1M
What they do
Empowers communities by building opportunity and sustainability through bicycles.
Leadership
Joseph Mitchell Connell · Director · $37K
Money in and out
$432K revenue, $414K expenses
Bottom line
2% program efficiency

Empowers communities by building opportunity and sustainability through bicycles. For fiscal year 2024 it reported $432K in revenue, $414K in expenses, and $105K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $18K
Where spending went · Part IX cols B–D
Program services $0.02 Management & general $0.98
Program efficiency
2%
of spending reaches programs▼ -97% vs prior filing year
Operating runway
2.9mo
months of highly liquid reserves at operating expense rate▲ +93% vs prior filing year
Surplus margin
+4%
revenue over expenses, this year▲ +156% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$432K
FY2024▼ -7%
Expenses
$414K
FY2024▼ -9%
Total assets
$108K
FY2024▲ +56%
Total liabilities
$3K
FY2024▲ +236%
Total revenue
$432K
Pt VIII · Ln 12
Total expenses
$414K
Pt IX · Ln 25
Net assets
$105K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$18K
Total assetsPt X · Ln 16$108K
Program-expense ratioPt IX · col B2%
Voting members of governing bodyPt I · Ln 311
Independent voting membersPt I · Ln 411
Mission & Programs · Part III

Where the work happens

1 program service account for $8K of program spending, described in the organization's own filed words · FY2024.
01

Formation of a bicycle school to allow for community growth through hands- on learning.

$8Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTwo Bikes
EINHdr · item D85-3640295
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item Jwww.twobikes.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFMar 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a11
Independent voting membersPt VI · Ln 1b11
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
$36,699Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Joseph Mitchell Connell’s $37K as Director is at the 29th percentile of top reported officer pay among 1616 $100K–1M education 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 · 4 named individuals · Part VII

NameFY2024FY2022FY2021
Joseph Mitchell Connell$62,261$47,904
Matthew Zingg$40,415$31,846
Joseph Mitchell Connell$36,699
Sophia Etienne$22,723

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
Contributions & grants$350K · 81%
Other revenue$82K · 19%
Contributions & grants81%$350K
Other revenue19%$82K
— government grantsLn 1e$128K
Total revenueLn 12$432K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.02 Management & general $0.98
Program services2%$8K
Management & general98%$406K
Total functional expensesLn 25$414K

Balance Sheet

Part X · end of year
CashLn 1$99K
Total assetsLn 16$108K
Total liabilitiesLn 26$3K
Total net assetsLn 32$105K
Months of cash on handcomputed2.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $99K · Operating expenses/yr $414K
2.9 months
Where the money goes
Program services
Program services $8K · Total expenses $414K
2%
Management & General
Management & general $406K · Total expenses $414K
98%
Fundraising
Fundraising $0 · Total expenses $414K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $166K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $350K · Total revenue $432K
81%
Government reliance
Government grants $128K · Total revenue $432K
30%
Earned-income share
Program service revenue $0 · Total revenue $432K
0%
Investment reliance
Investment income $0 · Total revenue $432K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $414K
0%
Growth & trend
Revenue growth (YoY)
This year $432K · Prior year $464K
-7%
Net-asset trend (YoY)
End of year $105K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $432K · Expenses $414K
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $108K
Net-asset ratio
Net assets $105K · Total assets $108K
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $108K
0%
People & payroll
Highest Reported Total Compensation
Individual Joseph Mitchell Connell · Reported title Director · Highest reported compensation $37K · Total expenses $414K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $290K · Total expenses $414K
70%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 2%
Overhead ratio 98%
Fundraising cost ratio 0%
Revenue growth -7%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

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
See all 7 funders →

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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)$432K revenue · viewing · ⤓ 990 PDF
FY2023not on file
FY2022$464K revenue · ⤓ 990 PDF
FY2021$326K revenue · ⤓ 990 PDF
FY2020$0 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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