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Nonprofiteer
← DDP BIKE SHARE CORPORATION

Form 990 for tax year 2022

Filed by DDP BIKE SHARE CORPORATION.

Totals

Total revenue
$1,777,452
Total expenses
$1,782,032
Contributions and grants received
$1,231,736
Grants paid
$0
Program service revenue
$231,929
Investment income
$0
Other revenue
$313,787
Total assets, end of year
$1,251,895
Total liabilities, end of year
$253,624
Net assets or fund balances, end of year
$998,271
Program services expenses (Part IX)
$1,453,749
Management and general expenses
$319,320
Fundraising expenses
$8,963
Program service expenses (Part III)
$1,453,749

Program services were 81.6% 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

    $1,231,736

  • 2a · Program service revenue: MEMBERSHIP REVENUE

    total $231,929 · related or exempt $231,929

  • 11a · Other revenue: ADVERTISING

    total $313,602 · unrelated business $313,602

  • 11d · All other revenue

    total $185 · related or exempt $185

  • 11e · Other revenue, total

    $313,787

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $87,894 · management and general $87,894

  • 7 · Other salaries and wages

    total $203,303 · program services $160,376 · management and general $33,964 · fundraising $8,963

  • 11a · Fees: management

    total $1,200,647 · program services $1,200,647

  • 11g · Fees: other

    total $3,634 · management and general $3,634

  • 12 · Advertising and promotion

    total $94,344 · management and general $94,344

  • 13 · Office expenses

    total $50,262 · management and general $50,262

  • 14 · Information technology

    total $1,441 · management and general $1,441

  • 17 · Travel

    total $3,435 · management and general $3,435

  • 22 · Depreciation, depletion and amortization

    total $92,726 · program services $92,726

  • 23 · Insurance

    total $37,714 · management and general $37,714

  • 24a · Other expenses: MISC EXPENSES

    total $6,632 · management and general $6,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $225,646 · end of year $565,684

  • 4 · Accounts receivable

    beginning of year $594,463 · end of year $490,584

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,161 · end of year $14,276

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

    $869,587

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

    $688,236

  • 10c · Land, buildings and equipment, net

    beginning of year $274,078 · end of year $181,351

  • 17 · Accounts payable and accrued expenses

    beginning of year $195,975 · end of year $253,624

  • 25 · Other liabilities

    beginning of year $3,972

  • 27 · Net assets without donor restrictions

    beginning of year $825,377 · end of year $753,611

  • 28 · Net assets with donor restrictions

    beginning of year $81,024 · end of year $244,660

Mission and programs · 2022

Mission

TO DELIVER AN ACTIVE TRANSIT SYSTEM OF ON-DEMAND BIKES SERVING A DIVERSE RANGE OF PEOPLE AND NEEDS.

Activities or mission (Part I)

TO PROVIDE THE NATION'S BEST IN CLASS BIKE SHARE PROGRAM AND BE A CATALYST IN MAKING DETROIT A LEADER IN MOBILITY

  • MOGO BIKE SHARE - DETROIT'S FIRST PUBLIC BIKE SHARING SYSTEM WAS LAUNCHED IN MAY 2017. THE SYSTEM IS LOCATED THROUGHOUT THE CITY OF DETROIT AND GROWS IN BOTH NUMBER OF BIKES, LOCATIONS AND PEOPLE SERVED ANNUALLY.

    Expenses $1,189,417 · Revenue $232,114

  • IN 2022, MOGO CONTINUED TO SPEND DOWN THE GRANT RECEIVED IN 2021 TO FURTHER ITS WORK IN UNDERSTANDING THE BARRIERS THAT EXIST BETWEEN CONNECTING BIKE SHARE AND BUS TRANSIT TRIPS AND TO DEVELOP SOLUTIONS THAT WOULD MAKE THIS CONNECTION EASIER AND MORE USER-FRIENDLY

    Expenses $264,332

As filed on the 2022 return.

Listed in Part VII

  • Eric B Larson

    DIRECTOR

    Total calculated
    $520,636
    From this org
    $0
    From related orgs
    $482,610
    Other
    $38,026
    Hours/week
    1 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,630 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $7,980 related
    Deferred
    $0 + $16,490 related
    Nontaxable benefits
    $0 + $21,536 related
    Filer's total
    $0 + $520,636 related

  • Ned Stabler

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Paul Trulik

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    10 + 30 related

  • Bishop Edgar Van II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Derek Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Helaine Zack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janet Attarian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Hood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Weingartner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Nuskowski Start 012022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Johnsohn-Tidjani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adriel Thornton

    EXECUTIVE DIRECTOR

    Total calculated
    $87,894
    From this org
    $76,457
    From related orgs
    $0
    Other
    $11,437
    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. 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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349330357

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