Bearings Bike Shop Inc.

“Timothy o'mara, executive director, and rebecca o'mara, an employee, are married.”

“REBECCA O'MARA SPOUSE”

“The 990 is reviewed in detail by both the board chair and treasurer in detail before submission to the irs. The full board or directors is aware of the 990 process and receives a copy prior to submission with an opportunity to provide feedback or ask questions before submission.”

“Bearings informs the board of directors of new major vendor relationships. As a small borad of directors and small organization, business relationships are typically known prior to vendor relationship developement.”

“The board of directors performs an annual review and compensation comparison research project annually for the executive director. The board governance committee makes recommendations on salary and the full board discusses and votes on compensation amounts annually. The board of directors performs a similar process of salary review, recommendation and voting to approve for the director of development since the executive director and director of development are married. The process is documented in board meeting minutes. A comparison study is done by the board governance committee utilizing 990s from similar youth serving organizations in the city of atlanta. The board of directors approves compensation arrangements for the executive director and director of development.”

“The board of directors performs an annual review and compensation comparison research project annually for the executive director.the board governance committe makes recommendations on salary and the full board discusses and votes on compensation amounts annually. The board of directors performs a similar process of salary review, recommendations and voting to approve for the director of development since the executive director and director are married. A comparison study is done by the board governance committee utilizing 990s from similar youth serving organization in the city of atlanta. The board of directors approves compensation arrangements for the executive director and director of development.”

“The public is invited to email bearings to request copies of these documents. This information is available on the website.”

“Through four programs, bearings bike works uniquely provides learning experiences and resources to help youth develop in the context of work - all connected to bike building, riding, racing and related life skills. Skills for life is bearings- drop-in after school program where kids are exposed to transferable technical knowledge and skills from the starting point of a childhood icon, the bike. In skills for life, all program activities and skills assessments are based on building and fixing bikes; learning is self-paced, and earning and maintaining a bike provides natural incentives for progress. Soft skills and character strength development are embedded into the experience and supported by caring, trusted adult mentors. In 2023, over 300 students logged over 4,000 hours in skills for life programming, developing skills and building relationships. Students demonstrated skill mastery through mechanical curriculum "level ups" 150 times. Over 80% of students surveyed report having at least one high quality developmental relationship with an adult leader at bearings. Gearing up is a school-partnership program that offers hands-on, student- centered learning experiences and intervention for struggling students. Bearings staff coach the students through the mechanical curriculum, building positive developmental relationships and using authentic experiences to foster soft skills and character strengths while also providing context for classroom content. In 2023, bearings served 52 youth through gearing up; 100% completed the first level of the mechanical curriculum. School leaders regularly report to bearings that students hone skills such as self-governance, perseverance and critical thinking because of bearings' partnership program. Frameworks is bearings' workforce development program for teens and young adults that creates skill-building opportunities through real-life work experience in the context of bearings retail bike shop. Bearings takes a market-based approach to workforce development: the program rewards hard work and skills development, inviting teens to apply for employment at bearings through enrollment in the program. Frameworks currently functions in two formats: an 8-week summer internship experience for high schoolers; and a 12-18-month advanced mechanical and job training program for young adults 18-22 who are disconnected from school and work. To date, 100% of frameworks graduates have enrolled in post-secondary education or secured employment within 6 months of high school completion. As kids grow in their enjoyment of riding the bikes they've earned, bearings invites them to step into cycling and begin to learn more advanced bike handling skills. Our youth mountain biking program includes clinics, camps, and a competitive mountain biking team. Because of its infrastructure, bearings is able to provide a unique competitive sport experience in an urban setting that would otherwise be inaccessible due to the numerous barriers to entry, including the high cost of competitive cycling. Further, the importance of introducing a sport-based program not only allows youth to develop positive, mentoring relationships with coaches and a social support system among their peers, but also impacts current health determinants and long-term health outcomes.”

“Special event expenses 47,525 donated expenses 43,885 cogs 14,500 event expenses -47,525 donated expenses -43,885 cogs -14,500”