The Durham Bicycle Cooperative

“Fair market value of noncash donations was determined in the following manner: Usable donated bicycles were valued at the average sale price of all bikes sold, given away, and recycled in fiscal year 2020. Scrap bicycles were valued at the actual scrap price paid in 2021. Donated helmets were valued at the average purchase price of 103 helmets that were purchased in 2021.”

“5260 Used Parts and 5300 Scrap Metal Sales”

“Memberships at 30 dollars per year. Can be earned via three hours of volunteer time. In 2021 39 people earned a membership in this way. Membership benefits include free access to shop sessions and classes, bike repairs with the assistance of a mechanic, and one vote per person at all Board meetings of the Cooperative.”

“Interest on Savings Account”

“Inventory consists of used bikes, new parts, new helmets, lights and locks, safety vests, and T-shirts. Charitable discounts are given to children and to adult clients of our non-profit Outreach network. In 2021 the retail value of Charitable Discounts amounted to 12,128 dollars.”

“Professional services included accounting fees, notary fees, and speaker's fees for a workshop.”

“Utility fees for electricity service.”

“Description;Amount^7310 Office Supplies;211|7320 Telephone and Internet;1020|7340 Website hosting and domain fees;145|7930 Safety Accessories Given Away;4666|7940 New Parts Given Away;1111|7950 Refurbished used bikes given away;3221|8160 Shop Tools;134|8170 Materials and supplies for shop;491|8330 Business Insurance;1405|8420 Software services;528|8730 Repairs and Maintenance of Equipment;57|8760 Equipment under 500 dollars;349|9310 Depreciation;13082|9320 Bank Charges and transaction fees;3|9335 Other taxes and penalties;50^Total;26473^”

“Description;EOY Amount^1400 Undeposited Funds;564|1600 Inventory;9548|1730 Leasehold Improvements;95946|1740 Bike Shop Equipment;1469|1790 Accumulated Depreciation;-55805^Total;51722^”

“Description;EOY Amount^Sales Tax Payable;240^Total;240^”