Civic Intelligence

Local Motion Inc.

990 • Fiscal year 2022 • EIN 03-0361422

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 29, 2023

Refreshing map…

1 Steele Street Suite 103Burlington, VT 05401

(802) 861-2700

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.29x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.38x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

28th percentile

-3.9%

Higher net margin than 28% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$78,479

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

71st percentile

13%

Faster asset growth than 71% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

31st percentile

-6.6%

Faster revenue growth than 31% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$1,659,000

Up $193,938 (+13%) from 2021

Net Assets

Down

$1,183,630

Down $53,330 (-4.3%) from 2021

Liabilities

Up

$475,370

Up $247,268 (+108%) from 2021

Revenue

Down

$1,254,817

Down $89,002 (-6.6%) from 2021

Expenses

Up

$1,303,872

Up $191,863 (+17%) from 2021

Net Income

Down

-$49,055

Down $280,865 (-121%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $192,398Liabilities 2010: $109,235Net Assets 2010: $83,1632010Assets 2011: $223,643Liabilities 2011: $40,445Net Assets 2011: $183,1982011Assets 2012: $709,149Liabilities 2012: $91,392Net Assets 2012: $617,7572012Assets 2013: $936,143Liabilities 2013: $335,793Net Assets 2013: $600,3502013Assets 2014: $1,188,601Liabilities 2014: $234,177Net Assets 2014: $954,4242014Assets 2015: $1,234,202Liabilities 2015: $73,775Net Assets 2015: $1,160,4272015Assets 2016: $1,300,134Liabilities 2016: $61,556Net Assets 2016: $1,238,5782016Assets 2017: $1,473,068Liabilities 2017: $82,138Net Assets 2017: $1,390,9302017Assets 2018: $1,287,196Liabilities 2018: $80,433Net Assets 2018: $1,206,7632018Assets 2019: $1,070,102Liabilities 2019: $68,500Net Assets 2019: $1,001,6022019Assets 2020: $1,058,300Liabilities 2020: $55,100Net Assets 2020: $1,003,2002020Assets 2021: $1,465,062Liabilities 2021: $228,102Net Assets 2021: $1,236,9602021Assets 2022: $1,659,000Liabilities 2022: $475,370Net Assets 2022: $1,183,6302022Assets 2023: $1,423,040Liabilities 2023: $369,520Net Assets 2023: $1,053,5202023Assets 2024: $1,390,085Liabilities 2024: $284,199Net Assets 2024: $1,105,8862024

Highlighted filing

2022

Assets$1,659,000
Liabilities$475,370
Net Assets$1,183,630

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2010: $682,1092010Expenses 2011: $649,8682011Revenue 2012: $1,307,230Expenses 2012: $889,617Net Income 2012: $417,6132012Revenue 2013: $1,065,217Expenses 2013: $1,082,624Net Income 2013: -$17,4072013Revenue 2014: $1,623,358Expenses 2014: $1,272,507Net Income 2014: $350,8512014Revenue 2015: $1,084,912Expenses 2015: $878,909Net Income 2015: $206,0032015Revenue 2016: $1,005,215Expenses 2016: $928,081Net Income 2016: $77,1342016Revenue 2017: $1,104,819Expenses 2017: $954,402Net Income 2017: $150,4172017Revenue 2018: $956,587Expenses 2018: $1,138,971Net Income 2018: -$182,3842018Revenue 2019: $938,981Expenses 2019: $1,146,908Net Income 2019: -$207,9272019Revenue 2020: $881,804Expenses 2020: $881,295Net Income 2020: $5092020Revenue 2021: $1,343,819Expenses 2021: $1,112,009Net Income 2021: $231,8102021Revenue 2022: $1,254,817Expenses 2022: $1,303,872Net Income 2022: -$49,0552022Revenue 2023: $1,312,120Expenses 2023: $1,444,198Net Income 2023: -$132,0782023Revenue 2024: $1,505,843Expenses 2024: $1,453,477Net Income 2024: $52,3662024

Highlighted filing

2022

Revenue$1,254,817
Expenses$1,303,872
Net Income-$49,055
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$1,263,874
Mission and Program Overview

Mission

Biking and walking for a better vermont.

Making it safe, accessible, and fun for everyone to bike, walk, and roll in vermont.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$680,956$664,320▼ $16,636
Savings and Temporary Cash Investments$633,785$445,859▼ $187,926
Pledges and Grants Receivable$70,005$89,494▲ $19,489
Investments Other Securities$27,015$22,964▼ $4,051
Prepaid Expenses and Deferred Charges$10,587$16,186▲ $5,599
Inventories for Sale or Use$17,813$14,533▼ $3,280
Cash and Non-Interest-Bearing Accounts$24,901$10,712▼ $14,189
Total Assets$1,465,062$1,659,000▲ $193,938
Other Assets Total-$394,932-
Liabilities
Other Liabilities-$394,932-
Unsecured Notes Loans Payable$150,000--
Accounts Payable and Accrued Expenses$67,716$63,763▼ $3,953
Escrow Account Liability$10,386$16,675▲ $6,289
Total Liabilities$228,102$475,370▲ $247,268
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,209,946$1,113,594▼ $96,352
Net Assets With Donor Restrictions$27,014$70,036▲ $43,022
Total Net Assets Fund Balance$1,236,960$1,183,630▼ $53,330
Total Liabilities and Net Assets / Fund Balance$1,465,062$1,659,000▲ $193,938

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$634,857$612,951$1,247,808
Other Land Buildings$29,463-$29,463
Other Assets Org$394,932--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$27,014-▼ $4,050-$22,964
2021$24,080-▲ $2,934-$27,014
2020$22,410-▲ $1,670-$24,080
2019$19,284-▲ $3,126-$22,410
2018$20,537-▼ $1,253-$19,284
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Karen Yacos Left 10312022Executive DiFT$76,193$2,286$78,479
Lynne Graves as of 1112022Interim E.d.FT$64,409-$64,409

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$849,098
Program Service Revenue
$405,800
Investment Income
$-290
Other Revenue
$209
All Other Contributions
$404,679
Change in Net Assets
$-49,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$795,701
Other Expenses$508,171
Total Fundraising Expense$93,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$409,210$98,463$62,853$570,526
Current Officers, Directors, Trustees, and Key Employees$23,544$103,768$15,576$142,888
Occupancy$49,444$73,534-$122,978
Depreciation Depletion$79,079$3,402-$82,481
Payroll Taxes$39,375$19,319$6,882$65,576
Fees for Services Other$39,154$23,896$1,024$64,074
Advertising$26,085$4,545$5,674$36,304
Information Technology$4,889$20,637$542$26,068
Insurance$5,044$13,126-$18,170
Fees for Services Accounting-$12,150-$12,150
Other Employee Benefits$1,680$8,089$310$10,079
Travel$4,722$2,861$203$7,786
Pension Plan Contributions$740$5,763$129$6,632
Fees for Services Legal-$5,370-$5,370
Office Expenses$176$2,812$101$3,089
Interest-$361-$361
Conferences and Meetings$185$149-$334
Other Expenses$122$2,972-$122
Total Functional Expenses$809,361$401,217$93,294$1,303,872
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$394,932
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee reviews and approves the 990.

Form 990, Page 6, Part VI, Line 12C

We rely on board members to disclose any conflict of interest during the year. Annually, members review their conflict of interest disclosure.

Form 990, Page 6, Part VI, Line 15A

The board initially sets the executive director's compensation when hired. Annual performance reviews are done by the leadership committee of the board. The board approves increases in compensation as part of the budget process at year end, which is typically in line with other employee increases.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Local Motion Inc
EIN
03-0361422
Phone
8028612700
Address
1 STEELE STREET SUITE 103, BURLINGTON, VT 05401

Signing Officer

Name
Christina Erickson
Title
Executive Director
Phone
8028612700
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christina Erickson
Formed
1999
Legal Domicile
Vt
Voting Board Members
11
Independent Board Members
11
Employees
55
Volunteers
95

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DRIVE SUITE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers perform the following services for local motion: - helping with membership mailings and data entry in the main office. - assisting bike ferry riders. - organizing events in schools and working with children as part of the bike smart program. - helping at events by talking to the public and distributing information. - parking bicycles at our valet bike program service.

Form 990, Page 2, Part III, Line 4A

Community, education & safety: community, education & safety programs are multi-age education, safety and advocacy programs including bike smart, safe routes for all, everyday bicycling project, and complete streets. Bike smart is local motion's youth education program, giving preference (and scholarships) to schools with a high percentage of students receiving free and reduced lunch. This program has reached over 70 towns in all 14 vermont counties. Safe routes for all is a comprehensive program designed to make all road users safe while using our roadways. The goal of this program is to increase walking and biking by improving the safety of our streets. The everyday bicycling project includes workshops that are inclusive and accessible to be as inviting as possible for anyone who is interested in bicycling more. Workshop leaders are experienced transportation bicycle riders who work hard to create a welcoming and inspiring atmosphere that recognizes that everyone will engage in bicycling at their own levels. The innovative and free e-bike lending library based in burlington plus satellite and traveling libraries around the state provides increased accessibility to residents to try bicycling as a sustainable mode of transportation. Local motion's complete streets is focused on improving on-street infrastructure and policy at both the state and local levels, with the goal of making vermont streets safe and comfortable for all users. We work towards this through a variety of means, including organizing and coalition building, forming and supporting local walk/bike groups, gathering community feedback and providing technical assistance for infrastructure proposals, and helping municipalities experiment with new infrastructure at a low cost through the use of our pop-up project mobile support unit.

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Local motion inc. Is the fiscal sponsor for bike fest, laplatte river pedestrian bridge committee, old east end neighbors, and brattleboro coalition for active transportation.

Schedule D, Page 2, Part V, Line 4

The income generated from the endowment fund is used to fund current operations.

Schedule D, Page 3, Part X

Local motion inc. Believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142834
IRS990/ProgSrvcAccomActy2Grp/Desc0TRAILSIDE CENTER & OTHER SERVICES: THE TRAILSIDE BICYCLE RENTAL CENTER AT THE BURLINGTON WATERFRONT RENTS BICYCLES TO CUSTOMERS FROM AROUND THE WORLD (80% FROM OUTSIDE OF VERMONT) AND THE PROCEEDS SUPPORT THE PROGRAMS DESCRIBED ABOVE. THE VALET BIKE PARKING SERVICE PROVIDES SAFE AND SECURE BIKE PARKING AT MAJOR EVENTS AROUND THE GREATER BURLINGTON AREA. LOCAL MOTION ALSO HOSTS AN INTERACTIVE MAP OF THE ISLAND LINE TRAIL AND BURLINGTON-BASED ROUTES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0255768
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IRS990/ProgSrvcAccomActy3Grp/Desc0BIKE FERRY OPERATIONS: THE WORLD-CLASS BIKE FERRY OPERATING AT THE COLCHESTER CAUSEWAY IS A VERMONT RECREATIONAL CYCLING DESTINATION, LINKING THE GREATER BURLINGTON AREA WITH THE CHAMPLAIN ISLANDS ALONG THE ISLAND LINE TRAIL. RECENT RIDERS HAIL FROM ALL 50 STATES AND 30 COUNTRIES, AS WELL AS BICYCLE TOUR GROUPS.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.39$0.28$1.11$1.51$1.45$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.42$0.37$1.05$1.31$1.44$0.13
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.48$1.18$1.25$1.30$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.23$1.24$1.34$1.11$0.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.06$0.06$1.00$0.88$0.88$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.07$1.00$0.94$1.15$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.08$1.21$0.96$1.14$0.18
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.47$0.08$1.39$1.10$0.95$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.06$1.24$1.01$0.93$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.23$0.07$1.16$1.08$0.88$0.21
2014Detailed filing. Detailed filing data is available for this year.$1.19$0.23$0.95$1.62$1.27$0.35
2013Detailed filing. Detailed filing data is available for this year.$0.94$0.34$0.60$1.07$1.08$0.02
2012Summary only. Only limited summary data is available for this year.$0.71$0.09$0.62$1.31$0.89$0.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.04$0.18$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.11$0.08$0.68