Civic Intelligence

Triangle Bikeworks Inc.

990 • Fiscal year 2022 • EIN 46-1229632

Jan 01, 2022 to Dec 31, 2022 • Filed on Aug 13, 2023

Refreshing map…

117 W Main StreetCarrboro, NC 27510

(919) 452-2272

Siviq Scores

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

Liabilities / Assets

60th percentile

0.00x

Higher debt load relative to assets than 60% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Net Margin

64th percentile

17%

Higher net margin than 64% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Top Officer Pay

90th percentile

$34,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2022 filings • NTEE B99 • <$500k nonprofits • Source year 2022

Asset Growth

76th percentile

30%

Faster asset growth than 76% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

63rd percentile

40%

Faster revenue growth than 63% of similar nonprofits.

2022 filings • NTEE B99 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$145,031

Up $33,486 (+30%) from 2021

Net Assets

Up

$144,656

Up $35,188 (+32%) from 2021

Liabilities

Down

$375

Down $1,702 (-82%) from 2021

Revenue

Up

$209,892

Up $60,272 (+40%) from 2021

Expenses

Up

$174,704

Up $42,577 (+32%) from 2021

Net Income

Up

$35,188

Up $17,695 (+101%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2020: $94,052Liabilities 2020: $2,077Net Assets 2020: $91,9752020Assets 2021: $111,545Liabilities 2021: $2,077Net Assets 2021: $109,4682021Assets 2022: $145,031Liabilities 2022: $375Net Assets 2022: $144,6562022Assets 2023: $140,853Liabilities 2023: $889Net Assets 2023: $139,9642023Assets 2024: $153,805Liabilities 2024: $3,728Net Assets 2024: $150,0772024

Highlighted filing

2022

Assets$145,031
Liabilities$375
Net Assets$144,656

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2020: $116,896Expenses 2020: $110,625Net Income 2020: $6,2712020Revenue 2021: $149,620Expenses 2021: $132,127Net Income 2021: $17,4932021Revenue 2022: $209,892Expenses 2022: $174,704Net Income 2022: $35,1882022Revenue 2023: $173,075Expenses 2023: $177,767Net Income 2023: -$4,6922023Revenue 2024: $205,262Expenses 2024: $196,293Net Income 2024: $8,9692024

Highlighted filing

2022

Revenue$209,892
Expenses$174,704
Net Income$35,188
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 13, 2023
Return Version
2022v5.0
Gross Receipts
$219,595
Mission and Program Overview

Mission

To strengthen the power of youth who are Black, Latine, Indigenous, and People Of Color to overcome challenges, achieve audacious goals, and discover their true selves.

Engaging Black and ALAANA youth (African, Latine, Arab, Asian, Native American) in experiential learning opportunities that allows them to overcome challenges, achieve audacious goals, and discover their true selves

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$76,511-
Land, Buildings, and Equipment, Net$7,500$59,427▲ $51,927
Cash and Non-Interest-Bearing Accounts$103,145$8,193▼ $94,952
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$111,545$145,031▲ $33,486
Other Assets Total$900$900→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,077$375▼ $1,702
Total Liabilities$2,077$375▼ $1,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$109,160$132,552▲ $23,392
Net Assets With Donor Restrictions$308$12,104▲ $11,796
Total Net Assets Fund Balance$109,468$144,656▲ $35,188
Total Liabilities and Net Assets / Fund Balance$111,545$145,031▲ $33,486

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$50,920$3,000$53,920
Other Land Buildings$8,507-$8,507
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin HicksExecutive DirectorPT$34,000$34,000

Board Members and Trustees

NameTitle
Chris BagleyBoard Chair
Lisa NelsonVice Chair
Alex BarkerBoard Member
Dawn McClendonBoard Member
Jay ParkerBoard Member
Shevonne MartinBoard Member
Sapna VarkeySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$207,733
Program Service Revenue
$0
Investment Income
$336
Other Revenue
$1,823
All Other Contributions
$205,035
Change in Net Assets
$35,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$84,299
Other Expenses$79,249
Total Fundraising Expense$27,124
Professional Fundraising Fees$9,865
Grants and Similar Amounts Paid$1,291

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$43,000--$43,000
Current Officers, Directors, Trustees, and Key Employees$22,920$680$11,900$35,500
Fees for Services Accounting-$16,346-$16,346
Travel$15,094$507$489$16,090
Fees for Services Professional Fundraising--$9,865$9,865
Conferences and Meetings$8,968$45$35$9,048
Occupancy$4,105$1,080$815$6,000
Fees for Services Other$5,992--$5,992
Payroll Taxes$4,836$53$910$5,799
Insurance-$4,626-$4,626
Depreciation Depletion$2,850$30$120$3,000
Office Expenses$402$1,881$30$2,313
Information Technology$332$87$1,854$2,273
Grants to Domestic Orgs$1,291--$1,291
Other Expenses$815$28$21$864
All Other Expenses$85--$85
Advertising$46$13$9$68
Total Functional Expenses$121,574$26,006$27,124$174,704
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,523
Professional Fundraising Fees$9,865
Fundraising Direct Expenses$9,703
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
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$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
No
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

Prior to filing, the Form 990 is reviewed by the Executive Director, then sent to the Finance Committee for review, then to the full Board for review.

Form 990, Part VI, Section C, Line 19

The three most recent Form 990s, Articles of Incorporation, and Form 1023 Application for Exemption are available upon request.

Filing and Contact Details

Filer

Filer Name
Triangle Bikeworks
EIN
46-1229632
Phone
9194522272
Address
117 W Main Street, Carrboro, NC 27510

Signing Officer

Name
Kevin Hicks
Title
Executive Director
Signed
2023-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Hicks
Formed
2012
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
13

Preparer

Firm
Mig Murphy Sistrom CPA Pc
Address
2216 Whitley Dr, DURHAM, NC 27707
Preparer
Mig Murphy Sistrom
Phone
9194191119
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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0910
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt053
IRS990/PayrollTaxesGrp/ProgramServicesAmt04836
IRS990/PayrollTaxesGrp/TotalAmt05799
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Kevin Hicks
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0TYMBR Wolves (Triangle Youth Mountain Bike Riding)is a mountain biking team in the North Carolina Interscholastic Cycling League participating in practices and five races per spring season. Positive youth development is our goal. Through these cycling opportunities youth travel the State of NC and have off-road adventures with the option to race competitively.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt020786
IRS990/ProgSrvcAccomActy3Grp/Desc0Community Outreach & Education: Lets Ride! is up to four, low-commitment, one day, community bike ride events (March, May, Aug, Oct) to strengthen community health and community engagement. Each ride takes place in a different location in the Triangle region and is open to all riders. There were three Let's Ride! events in 2022.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt013054
IRS990/ProgSrvcAccomActy3Grp/GrantAmt01291
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0149491
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0129
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt071036
IRS990/PYRevenuesLessExpensesAmt017493
IRS990/PYSalariesCompEmpBnftPaidAmt061091
IRS990/PYTotalExpensesAmt0132127
IRS990/PYTotalRevenueAmt0149620
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt035188
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt076511
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0207733
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0149491
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0114630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0101117
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt070703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0643674
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0251
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0451
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0176
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01346
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08715
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77290
IRS990ScheduleA/PublicSupportPY170Pct00.72590
IRS990ScheduleA/PublicSupportTotal170Amt0499914
IRS990ScheduleA/SubstantialContributorsTotAmt0143760
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0207733
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0149491
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0114630
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0101117
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt070703
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0643674
IRS990ScheduleA/TotalSupportAmt0646841
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt01821
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt01821
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt050920
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03000
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053920
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08507
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt08507
IRS990ScheduleD/TotalBookValueLandBuildingsAmt059427
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Prior to filing, the Form 990 is reviewed by the Executive Director, then sent to the Finance Committee for review, then to the full Board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The three most recent Form 990s, Articles of Incorporation, and Form 1023 Application for Exemption are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0111545
IRS990/TotalAssetsEOYAmt0145031
IRS990/TotalAssetsGrp/BOYAmt0111545
IRS990/TotalAssetsGrp/EOYAmt0145031
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0207733
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt027124
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt026006
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0121574
IRS990/TotalFunctionalExpensesGrp/TotalAmt0174704
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02077
IRS990/TotalLiabilitiesEOYAmt0375

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