Civic Intelligence

Main Line Cycle Center DBA Lowertown Bike Shop

990 • Fiscal year 2024 • EIN 27-5500795

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 20, 2025

Organization Profilewww.lowertownbikeshop.com
214 East 4th Street Suite 120St Paul, MN 55101

(651) 222-0775

Siviq Scores

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

Liabilities / Assets

88th percentile

0.40x

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.47x

Higher debt load relative to revenue than 92% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

21st percentile

-16%

Higher net margin than 21% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

89th percentile

$37,049

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 18.0% of source-year revenue.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

29th percentile

-13%

Faster asset growth than 29% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

5.8%

Faster revenue growth than 54% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$238,497

Down $81,137 (-25%) from 2022

Net Assets

Down

$142,446

Down $80,438 (-36%) from 2022

Liabilities

Down

$96,051

Down $699 (-0.7%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin21st percentile

Revenue

Down

$205,507

Down $33,531 (-14%) from 2022

Expenses

Up

$238,467

Up $11,448 (+5.0%) from 2022

Net Income

Down

-$32,960

Down $44,979 (-374%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth29th 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

2024

Assets$238,497
Liabilities$96,051
Net Assets$142,446
Open 2024 Filing

Operations Trend

Revenue Growth54th 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

2024

Revenue$205,507
Expenses$238,467
Net Income-$32,960
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.0
Gross Receipts
$414,571
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$221,786$197,718▼ $24,068
Land, Buildings, and Equipment, Net$37,290$28,820▼ $8,470
Cash and Non-Interest-Bearing Accounts$12,434$9,256▼ $3,178
Accounts Receivable$2,224$1,663▼ $561
Prepaid Expenses and Deferred Charges$1,725$1,035▼ $690
Savings and Temporary Cash Investments$5$5→ $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--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Loans From Officers Directors$0$0→ $0
Total Assets$275,464$238,497▼ $36,967
Other Assets Total$0--
Liabilities
Accounts Payable and Accrued Expenses$100,058$96,051▼ $4,007
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$100,058$96,051▼ $4,007
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$175,406$142,446▼ $32,960
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$175,406$142,446▼ $32,960
Total Liabilities and Net Assets / Fund Balance$275,464$238,497▼ $36,967

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$18,314$17,132$35,446
Equipment$10,506$10,130$20,636
Other Land Buildings$0$0$0
Land$0-$0
Leasehold Improvements$0$0$0
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jeremy WagnerExecutive Director/Board ChairFT$37,049$37,049

Board Members and Trustees

NameTitle
Jeremy WendtVice President
Andy ZurnBoard Member
Emilie HanceBoard Member
Jake McLawhornBoard Member
William ArmstrongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$205,507
Change in Net Assets
$-32,960
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$147,938
Other Expenses$90,529
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$115,445$20,373-$135,818
Occupancy$32,422$5,722$0$38,144
Insurance$0$23,126$0$23,126
Payroll Taxes$10,302$1,818-$12,120
Office Expenses$9,531$1,682$0$11,213
Depreciation Depletion$8,470$0$0$8,470
Conferences and Meetings$3,825$675$0$4,500
Fees for Services Accounting$0$1,513$0$1,513
Advertising$632$112$0$744
Information Technology$587$103$0$690
Travel$302$53$0$355
Other Expenses$89$15$0$104
Total Functional Expenses$183,025$55,442$0$238,467
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 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, 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 they 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
EIN
27-5500795
Phone
6512220775
Address
214 East 4th Street Suite 120, St Paul, MN 55101

Signing Officer

Name
Jeremy Wagner
Title
Executive Director
Phone
6122989058
Signed
2025-10-20
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
9
Volunteers
12

Preparer

Firm
Accounting Angel LLC
Address
520 Yosemite Ave N, Golden Valley, MN 55422
Preparer
Acacia Willey
Phone
6128404220
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IRS990/Desc0Retail and repair shop level services for underserved riders: Lowertown Bike Shop focused it's efforts on providing a welcoming and educational experience to all forms of underserved riders. The bicycle industry defines an affordable bike as one costing below $1,000. LBS served populations 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 underserved 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 also 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 51 people in 2024. Of those people, LBS donated 6 used bikes at no cost to the individual. LBS also supplied free and/or reduced cost bikes, parts, and services to 13 individuals in demonstrated need.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Recycling and Reuse: Lowertown Bike Shop is dedicated to sustainability in the bicycling community. We have refurbished or found a home for over 164 used bikes in 2024. 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 participated in community clean up events processing, recycling, and salvaging 61 bikes. We recycled at least 4,605 pounds of scrap metal that would have ended up in the landfill, and recycled 280 tires and 413 tubes through our on-site recycling program.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt038435
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt043148
IRS990/ProgSrvcAccomActy3Grp/Desc0Educational and training services to employees and volunteers: Lowertown Bike Shop's volunteer program clocked a total of 546 volunteer hours. LBS allowed individuals to work off community service, or help fulfill an unemployment or school requirement. LBS also continued providing jobs and competitive wages in their community. They have made it a part of their training to educate their employees and volunteers in basic maintenance, fit, riding styles, bicycle recycling and reuse, barista and coffee service, and sales through education in a welcoming environment. They provide individuals the necessary skills to seek future employment in industries that require experience for hire.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt00
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01
IRS990/PYOtherExpensesAmt098512
IRS990/PYOtherRevenueAmt0194223
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-47478
IRS990/PYSalariesCompEmpBnftPaidAmt0143190
IRS990/PYTotalExpensesAmt0241702
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0194224
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-32960
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0162921
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt048
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0414572
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0409403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0428754
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0474016
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0529615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02256360
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt048
IRS990ScheduleA/InvestmentIncomeCYPct00.00002
IRS990ScheduleA/InvestmentIncomePYPct00.00002
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99998
IRS990ScheduleA/PublicSupportPY509Pct00.99998
IRS990ScheduleA/PublicSupportTotal509Amt02256360
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0414572
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0409403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0428754
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0474016
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0529615
IRS990ScheduleA/Total509Grp/TotalAmt02256360
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0414572
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0409404
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0428767
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0474026
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0529639
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02256408
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt018314
IRS990ScheduleD/BuildingsGrp/DepreciationAmt017132
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt035446
IRS990ScheduleD/EquipmentGrp/BookValueAmt010506
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010130
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt020636
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028820
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the 990 is provided to the board of directors for careful review and approval prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Directors are required to disclose any potential conflict of interest to the Board of Directors, and they must abstain from a vote concerning matters related to the potential conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3These documents are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0275464
IRS990/TotalAssetsEOYAmt0238497
IRS990/TotalAssetsGrp/BOYAmt0275464
IRS990/TotalAssetsGrp/EOYAmt0238497
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055442
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0183025
IRS990/TotalFunctionalExpensesGrp/TotalAmt0238467
IRS990/TotalGrossUBIAmt00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$238,497
Liabilities
$96,051
Net assets
$142,446
Revenue
$205,507
Expenses
$238,467
Net income
-$32,960
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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