Totals
- Total revenue
- $1,351,451
- Total expenses
- $1,022,248
- Contributions and grants received
- $1,132,283
- Grants paid
- $0
- Program service revenue
- $60,000
- Investment income
- $55
- Other revenue
- $159,113
- Total assets, end of year
- $2,876,733
- Total liabilities, end of year
- $68,095
- Net assets or fund balances, end of year
- $2,808,638
- Program services expenses (Part IX)
- $813,124
- Management and general expenses
- $174,339
- Fundraising expenses
- $34,785
- Program service expenses (Part III)
- $813,124
Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$117,404
-
1f · All other contributions, gifts and grants
$1,014,879
-
1g · Noncash contributions included above
$54,458
-
2a · Program service revenue: PROGRAM FEES
total $60,000 · related or exempt $60,000
-
3 · Investment income
total $2,133 · related or exempt $2,133
-
7b · Less cost or other basis and sales expenses
other assets $2,078
-
7c · Gain or loss
other assets -$2,078
-
7d · Net gain or loss
total -$2,078 · related or exempt -$2,078
-
8a · Fundraising events: gross income
$42,129
-
8a · Fundraising events: contributions included on line 1c
$117,404
-
8b · Fundraising events: direct expenses
$40,650
-
8c · Net income from fundraising events
total $1,479
-
10a · Gross sales of inventory
$157,634
-
10c · Net income from sales of inventory
total $157,634 · related or exempt $157,634
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $107,500 · program services $96,750 · management and general $5,912 · fundraising $4,838
-
6 · Compensation of disqualified persons
total $43,835 · program services $39,451 · management and general $2,411 · fundraising $1,973
-
7 · Other salaries and wages
total $313,098 · program services $281,789 · management and general $17,220 · fundraising $14,089
-
9 · Other employee benefits
total $72,194 · program services $64,974 · management and general $3,971 · fundraising $3,249
-
10 · Payroll taxes
total $34,520 · program services $31,068 · management and general $1,899 · fundraising $1,553
-
11c · Fees: accounting
total $20,550 · program services $8,220 · management and general $10,685 · fundraising $1,645
-
11g · Fees: other
total $75,496 · program services $29,692 · management and general $38,600 · fundraising $7,204
-
12 · Advertising and promotion
total $11,716 · program services $2,929 · management and general $8,553 · fundraising $234
-
13 · Office expenses
total $14,143 · management and general $14,143
-
16 · Occupancy
total $31,307 · program services $26,611 · management and general $4,696
-
17 · Travel
total $7,074 · management and general $7,074
-
22 · Depreciation, depletion and amortization
total $59,175 · management and general $59,175
-
24a · Other expenses: PROGRAM EXPENSES
total $231,640 · program services $231,640
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $468,528 · end of year $180,140
-
2 · Savings and temporary cash investments
beginning of year $1,006 · end of year $694,226
-
3 · Pledges and grants receivable
beginning of year $22,889 · end of year $6,300
-
8 · Inventories for sale or use
beginning of year $19,825 · end of year $22,250
-
9 · Prepaid expenses and deferred charges
beginning of year $15,557 · end of year $17,656
-
10a · Land, buildings and equipment: cost or other basis
$2,154,932
-
10b · Land, buildings and equipment: accumulated depreciation
$198,771
-
10c · Land, buildings and equipment, net
beginning of year $1,968,086 · end of year $1,956,161
-
17 · Accounts payable and accrued expenses
beginning of year $58,026 · end of year $55,595
-
19 · Deferred revenue
beginning of year $15,000 · end of year $12,500
-
27 · Net assets without donor restrictions
beginning of year $2,359,981 · end of year $2,385,392
-
28 · Net assets with donor restrictions
beginning of year $62,884 · end of year $423,246
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO PUT THE RIGHT TOOLS IN THE HANDS OF YOUTH ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES.
Activities or mission (Part I)
BEARINGS BIKE WORKS PUTS THE RIGHT TOOLS IN THE HANDS OF YOUTH, ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES.
-
PROGRAMS INCLUDE: SKILLS FOR LIFE IS A DROP-IN AFTER SCHOOL PROGRAM. TO OUR KIDS, BEARINGS IS KNOWN AS THE PLACE WHERE YOU CAN EARN A BIKE AND KEEP IT IN WORKING ORDER. HOWEVER, OUR THOUGHTFUL PROGRAM DESIGN GOES WELL BEYOND THAT AND DRAWS UPON BEST PRACTICES IN YOUTH DEVELOPMENT, STEM CURRICULUM AND EXPOSURE AND PRE- EMPLOYMENT PREPARATION. GEARING UP IS BEARINGS' SCHOOL PARTNERSHIP PROGRAM THAT OFFERS HANDS-ON, STUDENT CENTERED LEARNING EXPERIENCES THAT ACTIVATE LESS TRADITIONAL LEARNING STYLES. WE USE AUTHENTIC EXPERIENCES TO TEACH THE SOCIAL-EMOTIONAL SKILLS THAT CAN MAKE A DIFFERENCE IN THE CLASSROOM AND BEYOND. YOUTH MOUNTAIN BIKING TEAM IS A COMPETITIVE CYCLING PROGRAM THAT PROMOTES MOUNTAIN BIKING AS A LIFE-LONG ACTIVITY FOR GOOD HEALTH AND CREATES A UNIQUE ENVIRONMENT FOR SKILLS DEVELOPEMNT. THE PROGRAM AIMS TO INCREASE ACCESS TO THE SPORT OF MOUNTAIN BIKING AND PROVIDE OPPORTUNITIES FOR SPORT-BASED DEVELOPEMENT, COACHING STUDENTS BOTH ON AND OFF THE BIKE DURING SOME OF THEIR MOST FORMATIVE YEARS. FRAMEWORKS IS A WORKFORCE DEVELOPMENT PROGRAM FOR TEENS AND YOUNG ADULTS THAT CREATES SKILLS-BUILDING OPPORTUNITIES THROUGH REAL-LIFE WORK EXPERIENCE IN THE CONTEXT OF A BIKE SHOP. IN ADDITION TO ON-THE-JOB TRAINING, STUDENTS PARTICIPATE IN CAREER AND PERSONAL DEVELOPMENT OPPORTUNITIES LIKE FINANCIAL LITERACY CLASSES, ADVANCED MECHANICAL TRAINING, AND VOCATIONAL FIELD TRIPS.
Expenses $813,124 · Revenue $60,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Timothy O'MaraTIMOTHY O'MARA
EXECUTIVE DI
- Total calculated
- $134,336
- From this org
- $107,500
- From related orgs
- $0
- Other
- $26,836
- Hours/week
- 40
-
Stacye BrimSTACYE BRIM
CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 2
-
Alex DominguezALEX DOMINGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Eddie FergusonEDDIE FERGUSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jim LokeyJIM LOKEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Evan LongstrethEVAN LONGSTRETH
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Loni MetterLONI METTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chuck OgletreeCHUCK OGLETREE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ronda ZentsRONDA ZENTS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400449349300805
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.