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Nonprofiteer
← MY CITY RIDES

Form 990 for tax year 2024

Filed by MY CITY RIDES.

Totals

Total revenue
$1,762,999
Total expenses
$1,626,088
Contributions and grants received
$1,569,147
Grants paid
$0
Program service revenue
$0
Investment income
$959
Other revenue
$192,893
Total assets, end of year
$4,945,004
Total liabilities, end of year
$34,184
Net assets or fund balances, end of year
$4,910,820
Program services expenses (Part IX)
$1,423,838
Management and general expenses
$202,250
Fundraising expenses
$0
Program service expenses (Part III)
$1,423,838

Program services were 87.6% 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

    $1,569,147

  • 3 · Investment income

    total $959 · excluded $959

  • 10a · Gross sales of inventory

    $465,266

  • 10b · Cost of goods sold

    $272,373

  • 10c · Net income from sales of inventory

    total $192,893 · related or exempt $192,893

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $611,586 · program services $489,268 · management and general $122,318

  • 9 · Other employee benefits

    total $67,773 · program services $54,218 · management and general $13,555

  • 10 · Payroll taxes

    total $47,432 · program services $37,945 · management and general $9,487

  • 11b · Fees: legal

    total $91,275 · program services $79,501 · management and general $11,774

  • 11c · Fees: accounting

    total $26,466 · program services $26,466

  • 12 · Advertising and promotion

    total $42,627 · program services $42,627

  • 13 · Office expenses

    total $29,886 · program services $17,932 · management and general $11,954

  • 16 · Occupancy

    total $29,186 · program services $26,267 · management and general $2,919

  • 17 · Travel

    total $2,217 · program services $1,552 · management and general $665

  • 22 · Depreciation, depletion and amortization

    total $154,175 · program services $138,758 · management and general $15,417

  • 23 · Insurance

    total $110,521 · program services $99,469 · management and general $11,052

  • 24a · Other expenses: BAD DEBT

    total $273,441 · program services $273,441

  • 24b · Other expenses: LICENSES AND FEES

    total $80,169 · program services $80,169

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $24,354 · program services $21,919 · management and general $2,435

  • 24d · Other expenses: SUPPLIES

    total $13,047 · program services $13,047

  • 24e · All other expenses

    total $21,933 · program services $21,259 · management and general $674

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $458,587 · end of year $914,130

  • 3 · Pledges and grants receivable

    beginning of year $49,535

  • 4 · Accounts receivable

    beginning of year $492,735 · end of year $444,837

  • 8 · Inventories for sale or use

    beginning of year $360,696 · end of year $272,662

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,047 · end of year $25,651

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

    $3,763,981

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

    $476,257

  • 10c · Land, buildings and equipment, net

    beginning of year $3,439,071 · end of year $3,287,724

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,762 · end of year $34,184

  • 27 · Net assets without donor restrictions

    beginning of year $4,757,909 · end of year $4,910,820

  • 28 · Net assets with donor restrictions

    beginning of year $16,000

Mission and programs · 2024

Mission

MY CITY RIDES MAKES RELIABLE TRANSPORTATION AFFORDABLE AND OWNERSHIP POSSIBLE FOR THOSE IN THE WORKFORCE WITH LIMITED MEANS BUT UNLIMITED POTENTIAL, INCREASING OPPORTUNITY FOR EVERYONE.

  • DURING THE YEAR, MY CITY RIDES LEASED 87 NEW MOTOR SCOOTERS TO INDIVIDUALS IN THE WORKFORCE IN MEMPHIS, TN.

    Expenses $1,423,838

As filed on the 2024 return.

Listed in Part VII

  • Greg Martin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Fennell

    TREASURER /S

    Total calculated
    $0
    Hours/week
    2

  • James Rhodes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Short

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Nix

    EXECUTIVE DI

    Total calculated
    $130,552
    From this org
    $126,602
    From related orgs
    $0
    Other
    $3,950
    Hours/week
    40

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
12 November 2025
IRS schema version
2024v5.0
Source object
202543219349318214

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