Form 990 for tax year 2022

Filed by MY CITY RIDES.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 19 January 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue: $2,778,417 changed to $2,595,735
Total expenses: $1,534,373 changed to $1,550,921
Contributions and grants received: $2,663,158 changed to $2,491,883
Investment income: $198 changed to -$12,486
Other revenue: $115,061 changed to $116,338
Total assets, end of year: $4,958,748 changed to $4,822,379
Total liabilities, end of year: $82,986 changed to $146,997
Net assets or fund balances, end of year: $4,875,762 changed to $4,675,382
Program services expenses: $1,288,119 changed to $1,339,616
Management and general expenses: $246,254 changed to $211,305
Program service expenses (Part III): $1,288,119 changed to $1,339,616

Totals

Total revenue: $2,778,417
Total expenses: $1,534,373
Contributions and grants received: $2,663,158
Grants paid: $0
Program service revenue: $0
Investment income: $198
Other revenue: $115,061
Total assets, end of year: $4,958,748
Total liabilities, end of year: $82,986
Net assets or fund balances, end of year: $4,875,762
Program services expenses (Part IX): $1,288,119
Management and general expenses: $246,254
Fundraising expenses: $0
Program service expenses (Part III): $1,288,119

Program services were 84.0% 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

$2,663,158
3 · Investment income

total $198 · excluded $198
10a · Gross sales of inventory

$662,625
10b · Cost of goods sold

$547,564
10c · Net income from sales of inventory

total $115,061 · related or exempt $115,061

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $164,875 · program services $137,300 · management and general $27,575
6 · Compensation of disqualified persons

total $469,252 · program services $338,295 · management and general $130,957
9 · Other employee benefits

total $58,935 · program services $44,201 · management and general $14,734
10 · Payroll taxes

total $48,655 · program services $36,491 · management and general $12,164
11b · Fees: legal

total $9,341 · program services $8,409 · management and general $932
11c · Fees: accounting

total $33,264 · program services $26,611 · management and general $6,653
11g · Fees: other

total $87,733 · program services $77,478 · management and general $10,255
12 · Advertising and promotion

total $180,322 · program services $180,322
13 · Office expenses

total $65,179 · program services $48,946 · management and general $16,233
16 · Occupancy

total $41,517 · program services $33,214 · management and general $8,303
17 · Travel

total $2,446 · program services $1,835 · management and general $611
22 · Depreciation, depletion and amortization

total $60,699 · program services $54,738 · management and general $5,961
23 · Insurance

total $70,747 · program services $63,673 · management and general $7,074
24a · Other expenses: BAD DEBT

total $105,134 · program services $105,134
24b · Other expenses: GPS MONITORING

total $34,288 · program services $34,288
24c · Other expenses: TAXES AND LICENSES

total $21,156 · program services $21,156
24d · Other expenses: UTILITIES

total $19,207 · program services $14,405 · management and general $4,802
24e · All other expenses

total $61,623 · program services $61,623

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $775,526 · end of year $688,769
3 · Pledges and grants receivable

beginning of year $750,837 · end of year $236,500
4 · Accounts receivable

beginning of year $323,183 · end of year $165,772
8 · Inventories for sale or use

beginning of year $391,598 · end of year $491,733
9 · Prepaid expenses and deferred charges

beginning of year $49,516 · end of year $34,758
10a · Land, buildings and equipment: cost or other basis

$3,345,312
10b · Land, buildings and equipment: accumulated depreciation

$125,744
10c · Land, buildings and equipment, net

beginning of year $1,489,432 · end of year $3,219,568
14 · Intangible assets

beginning of year $109,960 · end of year $121,648
17 · Accounts payable and accrued expenses

beginning of year $258,334 · end of year $82,986
27 · Net assets without donor restrictions

beginning of year $3,631,718 · end of year $4,875,762

Mission and programs · 2022

Mission

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

DURING 2022, MY CITY RIDES LEASED NEW MOTOR SCOOTERS TO INDIVIDUALS IN THE WORKFORCE IN MEMPHIS, TN.

Expenses $1,288,119

As filed on the 2022 return.

Listed in Part VII

Dan ConawayDAN CONAWAY

BOARD MEMBER

Total calculated

$0

Hours/week

2
Paulo TeixeiraPAULO TEIXEIRA

BOARD MEMBER

Total calculated

$0

Hours/week

2
Jay MartinJAY MARTIN

BOARD MEMBER

Total calculated

$0

Hours/week

2
Andrew NixANDREW NIX

PRESIDENT/CEO

Total calculated

$171,470

From this org

$164,875

From related orgs

$0

Other

$6,595

Hours/week

40

Schedule J breakdown matched by us

Base

$164,875

Bonus

$0

Other

$0

Deferred

$6,595

Nontaxable benefits

$0

Filer's total

$171,470
Patricia StringerPATRICIA STRINGER

SECRETARY

Total calculated

$0

Hours/week

5

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: 14 November 2023
IRS schema version: 2022v5.0
Source object: 202313199349304466

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