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Nonprofiteer
← PROJECT BIKE TECH

Form 990 for tax year 2024

Filed by PROJECT BIKE TECH.

Totals

Total revenue
$488,260
Total expenses
$566,710
Contributions and grants received
$64,745
Grants paid
$0
Program service revenue
$423,515
Investment income
$0
Other revenue
$0
Total assets, end of year
$22,293
Total liabilities, end of year
$58,983
Net assets or fund balances, end of year
-$36,690
Program services expenses (Part IX)
$285,579
Management and general expenses
$139,404
Fundraising expenses
$141,727
Program service expenses (Part III)
$285,579

Program services were 50.4% 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.

  • 1f · All other contributions, gifts and grants

    $64,745

  • 2a · Program service revenue: PROGRAM FEES

    total $423,515 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $286,583 · program services $95,625 · management and general $71,958 · fundraising $119,000

  • 9 · Other employee benefits

    total $23,153 · program services $7,546 · management and general $8,270 · fundraising $7,337

  • 10 · Payroll taxes

    total $22,070 · program services $6,980 · management and general $5,594 · fundraising $9,496

  • 11a · Fees: management

    total $41,535 · program services $22,727 · management and general $17,527 · fundraising $1,281

  • 11c · Fees: accounting

    total $14,960 · program services $0 · management and general $14,960 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $360 · program services $0 · management and general $360 · fundraising $0

  • 13 · Office expenses

    total $4,868 · program services $58 · management and general $4,810 · fundraising $0

  • 16 · Occupancy

    total $3,193 · program services $2,288 · management and general $905 · fundraising $0

  • 17 · Travel

    total $9,533 · program services $4,686 · management and general $3,365 · fundraising $1,482

  • 19 · Conferences, conventions and meetings

    total $5,070 · program services $275 · management and general $3,543 · fundraising $1,252

  • 20 · Interest

    total $3,503 · program services $0 · management and general $3,503 · fundraising $0

  • 23 · Insurance

    total $3,089 · program services $0 · management and general $3,089 · fundraising $0

  • 24a · Other expenses: BUSINESS TAX AND REG FEES

    total $1,520 · program services $0 · management and general $1,520 · fundraising $0

  • 24b · Other expenses: CONTINUING CLASS DIRECT

    total $89 · program services $89 · management and general $0 · fundraising $0

  • 24c · Other expenses: TEACHER TRAINING

    total $7,554 · program services $7,554 · management and general $0 · fundraising $0

  • 24d · Other expenses: REIMBURSEMENTS

    total $3,239 · program services $1,360 · management and general $0 · fundraising $1,879

  • 24e · All other expenses

    total $136,391 · program services $136,391 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $102,462 · end of year $14,462

  • 2 · Savings and temporary cash investments

    end of year $5,488

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

    $2,343

  • 10c · Land, buildings and equipment, net

    end of year $2,343

  • 15 · Other assets

    beginning of year $2,343

  • 22 · Loans and payables to officers and key people

    beginning of year $32,117 · end of year $28,983

  • 23 · Secured mortgages and notes payable

    beginning of year $30,000 · end of year $30,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $42,688 · end of year -$36,690

Mission and programs · 2024

Mission

Project Bike Tech is an innovative leader in providing accredited technical training to high schools, which empowers a diverse range of students to discover careers and educational opportunities within the bicycle industry and beyond. PBTs accredited curriculum provides unique experiential learning in problem solving, STEM and other key academic concepts.

  • Bike Tech in School: (1) Project Bike Tech (PBT) has served more than 5000 students over the last 17 years. In 2024, PBT expanded and added new schools to reach over 1100 students each year. (2) The PBT in-schools program provides curriculum to better prepare students with career technical education, pathways, and content. PBT continually improves the course content to help students become job-ready in the bicycle industry and in other careers where an understanding of technology, engineering and mathematics is essential to career development. (3) PBT has successfully established and maintained bicycle education programs for students in 46 schools nationwide. The program offers students a CTE course of study to help prepare them for college and their future career while also introducing them to a positive bicycle culture and the ideas for community stewardship (for example, share the road knowledge and trail building skills). PBT advocates green careers.

    Expenses $285,579 · Revenue $488,259

  • EXPANSION: Level 2 and eBike curriculum; apprenticeships, internships, and approved curriculum development. Expanding to middle schools, adult education and corrections/reform institutions - creating pathways all while expanding the bike tech classes to new schools nationwide.

As filed on the 2024 return.

Listed in Part VII

  • Channing Nuss

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15
  • Aaron Jacobs

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Berri Michel

    FOUNDER&MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Jean-Pierre Salgado

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8
  • Jeff Donaldson

    EXECUTIVE DIRECTOR

    Total calculated
    $120,000
    From this org
    $0
    From related orgs
    $120,000
    Other
    $0
    Hours/week
    40
  • Stephen Tomlinson

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Mike Lowe

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Aimee Ross

    MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Leigh Keatts

    CFO/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Calvin Jones

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
6 March 2025
IRS schema version
2024v5.2
Source object
202542919349300504

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