Civic Intelligence

Main Line Cycle Center DBA Lowertown Bike Shop

990 • Fiscal year 2018 • EIN 27-5500795

Jan 01, 2018 to Dec 31, 2018 • Filed on Aug 15, 2019

Organization Profilewww.lowertownbikeshop.com
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

87th percentile

0.36x

Higher debt load relative to assets than 87% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

61st percentile

8.6%

Higher net margin than 61% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

90th percentile

$42,017

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 23.2% of source-year revenue.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$113,722

Up $37,475 (+49%) from 2016

Net Assets

Down

$72,777

Down $2,525 (-3.4%) from 2016

Liabilities

Up

$40,945

Up $40,000 (+4233%) from 2016

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin61st percentile

Revenue

Up

$181,092

Up $50,542 (+39%) from 2016

Expenses

Up

$165,565

Up $41,983 (+34%) from 2016

Net Income

Up

$15,527

Up $8,559 (+123%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

2018

Assets$113,722
Liabilities$40,945
Net Assets$72,777
Open 2018 Filing

Operations Trend

Revenue Growth70th percentile

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

2018

Revenue$181,092
Expenses$165,565
Net Income$15,527
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Aug 15, 2019
Return Version
2018v3.0
Gross Receipts
$332,063
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$90,879$101,566▲ $10,687
Land, Buildings, and Equipment, Net$7,257$6,508▼ $749
Cash and Non-Interest-Bearing Accounts$-2,823$5,357▲ $8,180
Accounts Receivable$1,605$287▼ $1,318
Savings and Temporary Cash Investments$4$4→ $0
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$96,922$113,722▲ $16,800
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$21,578$21,272▼ $306
Unsecured Notes Loans Payable$18,094$19,673▲ $1,579
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$39,672$40,945▲ $1,273
Net Assets / Fund Balance
Unrestricted Net Assets$57,250$72,777▲ $15,527
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$57,250$72,777▲ $15,527
Total Liabilities and Net Assets / Fund Balance$96,922$113,722▲ $16,800

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,508$2,291$8,799
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Crystal SurselyOperations ManagerFT$42,017$42,017
Jeremy WagnerExecutive DirectorFT$24,570$24,570

Board Members and Trustees

NameTitle
Josh RohdeBoard President
Jeremy WendtVice President
Emilie HanceBoard Member
Jake McLawhornBoard Member
Lauren BartleyBoard Secretary
Jake GilbertBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$181,091
Change in Net Assets
$15,527
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$102,363
Other Expenses$63,202
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$56,599$9,988$0$66,587
Other Salaries and Wages$30,818$0$0$30,818
Occupancy$27,495$3,055$0$30,550
Advertising$9,145$0$0$9,145
Payroll Taxes$4,266$692$0$4,958
Insurance$4,243$481$0$4,724
Office Expenses$2,542$402$0$2,944
Information Technology$1,186$420$0$1,606
Fees for Services Accounting$0$1,474$0$1,474
Depreciation Depletion$0$749$0$749
Travel$382$0$0$382
Other Expenses$0$25$0$25
Total Functional Expenses$139,223$26,342$0$165,565
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, Board Vice President President, and Lauren Bartley, Treasurer, are married.”

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

“A copy of the 990 is provided to the board of directors for careful review and approval prior to filing.”

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 compensation of the Executive Director is determined by reviewing comparable organization salary data and is voted on by the board. 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
6122989058
Signed
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeremy Wagner
Formed
2011
Legal Domicile
Mn
Voting Board Members
7
Independent Board Members
6
Employees
8
Volunteers
15

Preparer

Firm
Accounting Angel LLC
Address
520 Yosemite Ave N, Golden Valley, MN 55422
Preparer
Acacia Willey
Phone
6128404220
Raw XML AppendixShowing 400 of 573 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Retail and repair shop level services for under-served riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of under-served riders. The bicycle industry defines an affordable bike as one costing below $1,000. We served a population of female, low income, racially diverse, homeless, mentally ill, developmentally disabled, urban commuter, and novice riders, many with a budget of less than $500. Many of these communities have been under-served by the bicycle industry. We have provided for these populations by supplying new and used bikes that fit all body types, riding styles, and every budget. We accommodate these riders by custom building for their needs and budgets, often utilizing used parts and bikes. Lowertown Bike Shop built custom bikes to meet the needs of 77 people in 2018. Of those people, LBS donated 36 used bikes at no cost to the individual. We also supplied free and/or low cost bikes and parts to several individuals in demonstrated need.
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06508
IRS990/LandBldgEquipCostOrOtherBssAmt08799
IRS990/LegalDomicileStateCd0MN
IRS990/LoanOutstandingInd00
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0Lowertown 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt057250
IRS990/NetAssetsOrFundBalancesEOYAmt072777
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0181091
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0181091
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03055
IRS990/OccupancyGrp/ProgramServicesAmt027495
IRS990/OccupancyGrp/TotalAmt030550
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0402
IRS990/OfficeExpensesGrp/ProgramServicesAmt02542
IRS990/OfficeExpensesGrp/TotalAmt02944
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/Desc1Shop Supplies
IRS990/OtherExpensesGrp/Desc2Business Registration Fee
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt09056
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt225
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt12547
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/TotalAmt09056
IRS990/OtherExpensesGrp/TotalAmt12547
IRS990/OtherExpensesGrp/TotalAmt225
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030818
IRS990/OtherSalariesAndWagesGrp/TotalAmt030818
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/ManagementAndGeneralAmt0692
IRS990/PayrollTaxesGrp/ProgramServicesAmt04266
IRS990/PayrollTaxesGrp/TotalAmt04958
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 77 used bikes in 2018. 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 staffed 4 neighborhood/city clean ups and 3 large scale bike donation pick ups, at no cost to the community. We have recycled over 7,083 pounds of scrap metal that would have ended up in the landfill, and recycled 583 tires and 961 tubes through our on-site recycling program. Many more tons of material was processed and recycled at community events.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048728
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05686
IRS990/ProgSrvcAccomActy3Grp/Desc0Educational and training services to employees and volunteers: Lowertown Bike Shop volunteer program clocked a total volunteer hours to 420 hours, allowing individuals to work off community service, or help fulfill an unemployment or school requirement. We also continued 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. Lowertown Bike Shop expanded it's community outreach to include basic bike maintenance and theft prevention classes free within the community.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt027845
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt065780
IRS990/PYOtherRevenueAmt0153885
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-18053
IRS990/PYSalariesCompEmpBnftPaidAmt0106158
IRS990/PYTotalExpensesAmt0171938
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0153885
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt015527
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0175405
IRS990/RoyaltiesGrp/FundraisingAmt00
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt00
IRS990/RoyaltiesGrp/ProgramServicesAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$113,722
Liabilities
$40,945
Net assets
$72,777
Revenue
$181,092
Expenses
$165,565
Net income
$15,527
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.38$0.96$1.42$2.06$2.38$0.33
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.20$0.97$2.23$2.39$2.27$0.12
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.29$0.01$2.28$3.33$2.09$1.24
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.36$0.32$1.04$1.93$1.62$0.31
2018Detailed filing. Detailed filing data is available for this year.$1.14$0.41$0.73$1.81$1.66$0.16
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.76$0.01$0.75$1.31$1.24$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.71$0.02$0.68$0.95$0.89$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.63$0.00$0.63$0.63$0.56$0.07