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Nonprofiteer
← BIKE NEW YORK INC

Form 990 for tax year 2022

Filed by BIKE NEW YORK INC.

Totals

Total revenue
$6,859,968
Total expenses
$6,553,176
Contributions and grants received
$2,711,058
Grants paid
$0
Program service revenue
$4,147,157
Investment income
$1,753
Other revenue
$0
Total assets, end of year
$4,478,078
Total liabilities, end of year
$1,987,829
Net assets or fund balances, end of year
$2,490,249
Program services expenses (Part IX)
$5,643,925
Management and general expenses
$776,611
Fundraising expenses
$132,640
Program service expenses (Part III)
$5,643,925

Program services were 86.1% 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.

  • 1b · Membership dues

    $56,753

  • 1f · All other contributions, gifts and grants

    $2,654,305

  • 1g · Noncash contributions included above

    $363,993

  • 2a · Program service revenue: Participation Fees

    total $4,147,157 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,753 · unrelated business $0 · excluded $1,753

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,660,790 · program services $2,261,671 · management and general $279,383 · fundraising $119,736

  • 8 · Pension plan contributions

    total $58,821 · program services $49,997 · management and general $6,176 · fundraising $2,648

  • 10 · Payroll taxes

    total $227,894 · program services $193,709 · management and general $23,929 · fundraising $10,256

  • 11g · Fees: other

    total $325,083 · program services $276,320 · management and general $48,763 · fundraising $0

  • 12 · Advertising and promotion

    total $428,722 · program services $364,413 · management and general $64,309 · fundraising $0

  • 17 · Travel

    total $67,461 · program services $62,114 · management and general $5,347 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,223 · program services $0 · management and general $3,223 · fundraising $0

  • 23 · Insurance

    total $304,126 · program services $301,666 · management and general $2,460 · fundraising $0

  • 24a · Other expenses: Other Costs

    total $2,477,056 · program services $2,134,035 · management and general $343,021 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,029,030 · end of year $1,968,063

  • 2 · Savings and temporary cash investments

    beginning of year $1,389,704 · end of year $135,041

  • 4 · Accounts receivable

    beginning of year $137,883 · end of year $348,119

  • 8 · Inventories for sale or use

    beginning of year $78,859 · end of year $78,859

  • 9 · Prepaid expenses and deferred charges

    beginning of year $115,646 · end of year $115,208

  • 10a · Land, buildings and equipment: cost or other basis

    $774,965

  • 10b · Land, buildings and equipment: accumulated depreciation

    $633,002

  • 10c · Land, buildings and equipment, net

    beginning of year $145,186 · end of year $141,963

  • 11 · Investments: publicly traded securities

    beginning of year $518,054 · end of year $1,476,168

  • 15 · Other assets

    beginning of year $100,416 · end of year $214,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,528 · end of year $585,761

  • 19 · Deferred revenue

    beginning of year $1,703,236 · end of year $1,402,068

  • 27 · Net assets without donor restrictions

    beginning of year $1,712,014 · end of year $2,490,249

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

To promote and encourage bicycling and bicycle safety through education, public events, and collaboration with community and government organizations.

  • Bike New York, Inc. organizes the annual TD Bank five boro bike tour, America's largest cycling event, with 32,000 participants. Bike New York, Inc. also offers two reginal rides outside New York City attracting thousands of participants.

    Expenses $3,813,114 · Grants $4,941,650

  • Bike New York, Inc's bicycling education program supplies free classes and training for adults and children on bicycle skills and safety. Bike New York also provides workshops for non-profits, schools and workplaces.

    Expenses $1,684,019

  • Bike New York partnered with Bloomberg Charities, and Citi Foundation to purchase and assemble more than 2,000 bikes in 2021. Bike New York planned the bike build and distribution logistics. Bikes were distributed to youth in New York City who had participated in Bike New York summer and after school programs and youth in YMCA programs.

    Expenses $146,792 · Grants $150,000

As filed on the 2022 return.

Listed in Part VII

  • Leonard Diamond

    Chairman

    Total calculated
    $0
    Hours/week
    4
  • Henry Chin

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Stuart Krohnengold

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • William D Pettit

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • William Mastro

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Jennifer Powell

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Howard Robbins

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Matthew Rogers

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Kenneth J Podziba

    President/CEO

    Total calculated
    $322,881
    From this org
    $322,881
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $322,881
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $322,881
  • Andrew S Gould

    COO

    Total calculated
    $268,932
    From this org
    $268,932
    From related orgs
    $0
    Other
    $0
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $268,932
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $268,932
  • Thurstan Bannister

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Steven Vaccaro

    Board Member

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2025
IRS schema version
2022v5.0
Source object
202531359349310593

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