Civic Intelligence

Main Line Cycle Center DBA Lowertown Bike Shop

990 • Fiscal year 2016 • EIN 27-5500795

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

214 East 4th Street Suite 160St Paul, MN 55101

(651) 222-0775

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.01x

Higher debt load relative to assets than 63% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.01x

Higher debt load relative to revenue than 62% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

55th percentile

5.3%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

85th percentile

$25,508

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 19.5% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

60th percentile

8.1%

Faster asset growth than 60% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

82nd percentile

38%

Faster revenue growth than 82% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$76,247

Up $5,691 (+8.1%) from 2015

Net Assets

Up

$75,302

Up $6,968 (+10%) from 2015

Liabilities

Down

$945

Down $1,277 (-57%) from 2015

Revenue

Up

$130,550

Up $36,016 (+38%) from 2015

Expenses

Up

$123,582

Up $34,528 (+39%) from 2015

Net Income

Up

$6,968

Up $1,488 (+27%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2014: $62,854Liabilities 2014: $0Net Assets 2014: $62,8542014Assets 2015: $70,556Liabilities 2015: $2,222Net Assets 2015: $68,3342015Assets 2016: $76,247Liabilities 2016: $945Net Assets 2016: $75,3022016Assets 2018: $113,722Liabilities 2018: $40,945Net Assets 2018: $72,7772018Assets 2019: $136,457Liabilities 2019: $32,325Net Assets 2019: $104,1322019Assets 2020: $229,080Liabilities 2020: $964Net Assets 2020: $228,1162020Assets 2022: $319,634Liabilities 2022: $96,750Net Assets 2022: $222,8842022Assets 2024: $238,497Liabilities 2024: $96,051Net Assets 2024: $142,4462024

Highlighted filing

2016

Assets$76,247
Liabilities$945
Net Assets$75,302

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $63,014Expenses 2014: $56,421Net Income 2014: $6,5932014Revenue 2015: $94,534Expenses 2015: $89,054Net Income 2015: $5,4802015Revenue 2016: $130,550Expenses 2016: $123,582Net Income 2016: $6,9682016Revenue 2018: $181,092Expenses 2018: $165,565Net Income 2018: $15,5272018Revenue 2019: $193,430Expenses 2019: $162,075Net Income 2019: $31,3552019Revenue 2020: $333,273Expenses 2020: $209,288Net Income 2020: $123,9852020Revenue 2022: $239,038Expenses 2022: $227,019Net Income 2022: $12,0192022Revenue 2024: $205,507Expenses 2024: $238,467Net Income 2024: -$32,9602024

Highlighted filing

2016

Revenue$130,550
Expenses$123,582
Net Income$6,968
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$208,527
Mission and Program Overview

Mission

Lowertown Bike Shop (LBS) is dedicated to providing sustainable transportation options using recycled bikes and parts. LBS provides educational opportunities to promote health, safety, environmental awareness, and connectedness within our community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$52,233$61,362▲ $9,129
Land, Buildings, and Equipment, Net$995$8,007▲ $7,012
Cash and Non-Interest-Bearing Accounts$7,808$4,278▼ $3,530
Accounts Receivable$1,894$1,973▲ $79
Savings and Temporary Cash Investments$7,627$627▼ $7,000
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$70,557$76,247▲ $5,690
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,223$945▼ $1,278
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0--
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$2,223$945▼ $1,278
Net Assets / Fund Balance
Unrestricted Net Assets$68,334$75,302▲ $6,968
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$68,334$75,302▲ $6,968
Total Liabilities and Net Assets / Fund Balance$70,557$76,247▲ $5,690

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,007$792$8,799
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Crystal SurselyOperations ManagerFT$25,508$25,508
Jeremy WagnerExecutive DirectorFT$16,835$16,835

Board Members and Trustees

NameTitle
Josh RohdeBoard President
Jeremy WendtVice President
Emilie HanceBoard Member
Jake McLawhornBoard Member
Lauren BartleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$130,550
Change in Net Assets
$6,968
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$80,127
Other Expenses$43,455
Total Fundraising Expense$163
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$35,992$6,352$0$42,344
Other Salaries and Wages$31,030$0$0$31,030
Occupancy$8,831$981$0$9,812
Other Expenses$6,993$0$0$6,993
Payroll Taxes$6,168$585$0$6,753
Office Expenses$2,279$1,167$0$3,446
Insurance$1,591$1,091$0$2,682
Fees for Services Accounting$0$1,781$0$1,781
Travel$1,737$0$0$1,737
Information Technology$1,004$112$0$1,116
Depreciation Depletion$0$570$0$570
Fees for Services Other$430$0$0$430
Advertising$0$0$163$163
Conferences and Meetings$0$79$0$79
Total Functional Expenses$107,165$16,254$163$123,582
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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, Part VI, Section A, Line 2

Jeremy Wendt, Vice President, and Lauren Bartley, Treasurer, are married.

Form 990, Part VI, Section B, Line 11B

A copy of the Form 990 is reviewed and signed by the Executive Director prior to filing. A copy of the Form 990 is provided to the Board of Directors for review.

Form 990, Part VI, Section B, Line 12C

Directors are required to disclose any potential conflict of interest to the Board of Directors, and must abstain from a vote concerning matters related to the potential conflict of interest.

Form 990, Part VI, Section B, Line 15

The Board of Directors annually reviews and approves the Executive Director's compensation. Determining other employee compensation is the responsibility of the Executive Director.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Main Line Cycle Center dba Lowertown Bike Shop
EIN
27-5500795
Phone
6512220775
Address
214 East 4th Street Suite 160, St Paul, MN 55101

Signing Officer

Name
Jeremy Wagner
Title
Executive Director
Phone
6512220775
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Wagner
Formed
2011
Legal Domicile
Mn
Voting Board Members
6
Independent Board Members
5
Employees
6
Volunteers
45

Preparer

Firm
Propel Nonprofits
Address
One Main St NE Suite 600, Minneapolis, MN 55414
Preparer
Acacia Willey
Phone
6122496758
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0981
IRS990/OccupancyGrp/ProgramServicesAmt08831
IRS990/OccupancyGrp/TotalAmt09812
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01167
IRS990/OfficeExpensesGrp/ProgramServicesAmt02279
IRS990/OfficeExpensesGrp/TotalAmt03446
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Bank Fees
IRS990/OtherExpensesGrp/Desc1Sales Tax Expense
IRS990/OtherExpensesGrp/Desc2Program Expenses
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03536
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt111110
IRS990/OtherExpensesGrp/ProgramServicesAmt26993
IRS990/OtherExpensesGrp/TotalAmt03536
IRS990/OtherExpensesGrp/TotalAmt111110
IRS990/OtherExpensesGrp/TotalAmt26993
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt031030
IRS990/OtherSalariesAndWagesGrp/TotalAmt031030
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0585
IRS990/PayrollTaxesGrp/ProgramServicesAmt06168
IRS990/PayrollTaxesGrp/TotalAmt06753
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Jeremy Wagner
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0Recycling and Reuse: Lowertown Bike Shop is dedicated to sustainability in the bicycling community. We have refurbished and found a home for over 100 used bikes in 2016. We have saved hundreds of bikes from the landfill, by keeping a stock of used bikes waiting to be fixed and rehabilitated for riders in need of a budget-friendly bike. Bikes that otherwise would have ended up in the trash. We have recycled over 1,880 pounds of scrap metal that would have ended up in the landfill, and recycled over 700 tires and tubes.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt016075
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0Educational and training services to employees and volunteers: Lowertown Bike Shop expanded its volunteer program by expanding its volunteer staff and allowing individuals to work off community service, or help fulfill an unemployment or school requirement. We also expanded our number of employees providing jobs and competitive wages in our community. We have made it a part of our training to educate our employees and volunteers in basic maintenance, fit, and riding styles without judgement in a welcoming environment.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt021433
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYExcessBenefitTransInd00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt06968
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0208527
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
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IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07627
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0627
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01460
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03567
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt014
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0208527
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0161965
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0108749
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt076394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0555635
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt014
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0559202
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0208527
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0163465
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0109356
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt077854

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Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)3 • <$500k nonprofits