Civic Intelligence

Triangle Bikeworks Inc.

990EZ • Fiscal year 2023 • EIN 46-1229632

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

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

65th percentile

0.01x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

67th percentile

0.01x

Higher debt load relative to revenue than 67% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Net Margin

32nd percentile

-2.7%

Higher net margin than 32% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Top Officer Pay

90th percentile

$34,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 19.6% of source-year revenue.

2023 filings • NTEE B99 • <$500k nonprofits • Source year 2023

Asset Growth

44th percentile

-2.9%

Faster asset growth than 44% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

32nd percentile

-18%

Faster revenue growth than 32% of similar nonprofits.

2023 filings • NTEE B99 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$140,853

Down $4,178 (-2.9%) from 2022

Net Assets

Down

$139,964

Down $4,692 (-3.2%) from 2022

Liabilities

Up

$889

Up $514 (+137%) from 2022

Revenue

Down

$173,075

Down $36,817 (-18%) from 2022

Expenses

Up

$177,767

Up $3,063 (+1.8%) from 2022

Net Income

Down

-$4,692

Down $39,880 (-113%) from 2022

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

2023

Assets$140,853
Liabilities$889
Net Assets$139,964

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

2023

Revenue$173,075
Expenses$177,767
Net Income-$4,692
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$173,075
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.

Program Services

DescriptionGrantsExpenses
ADVENTURE OPENS A WORLD OF OPPORTUNITY FOR SELF-DISCOVERY AND CONFIDENCE BUILDING. YOUTH EXPLORING UNTOLD HISTORY AND ENVIRONMENTAL EDUCATION IN CLASSROOM SETTINGS AND VIA CYCLING TOURS THROUGHOUT REGIONS OF THE UNITED STATES.-$90,081
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN HICKSExecutive DiPT$34,000-$34,000
SHEVONNE MARTINBoard Member-$10,787-$10,787
LISA NELSONVice Chair-$0--
SAPNA VARKEYSecretary-$0--
JAY PARKERBoard Member-$0--
DAWN MCCLENDONBoard Member-$0--
CHRIS BAGLEYBoard Chair-$0--
Filing and Contact Details

Filer

Filer Name
Triangle Bikeworks Inc
EIN
46-1229632
Phone
9194522272
Address
117 W MAIN STREET, CARRBORO, NC 27510

Signing Officer

Name
Kevin Hicks
Title
Executive Director
Phone
9194522272
Signed
2024-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Langdon & Company Llp
Address
223 US HIGHWAY 70 EAST SUITE 100, GARNER, NC 27529-4051
Preparer
Susan Dean
Phone
9196621001
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

Paypal rewards 73 total 73

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 69 office expense 287 it expense 4,907 travel 13,682 meetings 7,272 business insurance 6,375 workers comp insurance 751 background check services 36 other contracted services 431 supplies 8,158 items for resale 619 educational materials 4,547 dues & subscriptions 273 licenses & fees 2,077 staff training 1,097 staff recognition 382 equipment rental 1,086 equipment repair 2,146 small tools 457 bank charges 1,570 payroll processing fees 1,478 other expenses 837 non-investment depreciation 17,457 total 75,994

Form 990-ez, Part II, Line 24

Grants receivable 0 5,025 fixed assets 62,427 62,427 less accumulated depreciation 3,000 20,457 security deposit 900 3,000 total 60,327 49,995

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 375 889

Form 990-ez, Part III

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.

Form 990-ez, Part III, Line 28

Adventure opens a world of opportunity for self-discovery and confidence building. Youth exploring untold history and environmental education in classroom settings and via cycling tours throughout regions of the united states.

Raw XML Appendix172 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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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PrimaryExemptPurposeTxt0ENGAGING 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.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PAYPAL REWARDS 73 TOTAL 73
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 69 OFFICE EXPENSE 287 IT EXPENSE 4,907 TRAVEL 13,682 MEETINGS 7,272 BUSINESS INSURANCE 6,375 WORKERS COMP INSURANCE 751 BACKGROUND CHECK SERVICES 36 OTHER CONTRACTED SERVICES 431 SUPPLIES 8,158 ITEMS FOR RESALE 619 EDUCATIONAL MATERIALS 4,547 DUES & SUBSCRIPTIONS 273 LICENSES & FEES 2,077 STAFF TRAINING 1,097 STAFF RECOGNITION 382 EQUIPMENT RENTAL 1,086 EQUIPMENT REPAIR 2,146 SMALL TOOLS 457 BANK CHARGES 1,570 PAYROLL PROCESSING FEES 1,478 OTHER EXPENSES 837 NON-INVESTMENT DEPRECIATION 17,457 TOTAL 75,994
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GRANTS RECEIVABLE 0 5,025 FIXED ASSETS 62,427 62,427 LESS ACCUMULATED DEPRECIATION 3,000 20,457 SECURITY DEPOSIT 900 3,000 TOTAL 60,327 49,995
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 375 889
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENGAGING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ADVENTURE OPENS A WORLD OF OPPORTUNITY FOR SELF-DISCOVERY AND CONFIDENCE BUILDING. YOUTH EXPLORING UNTOLD HISTORY AND ENVIRONMENTAL EDUCATION IN CLASSROOM SETTINGS AND VIA CYCLING TOURS THROUGHOUT REGIONS OF THE UNITED STATES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN HICKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09194522272
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TRIANGLE BIKEWORKS INC
ReturnHeader/Filer/BusinessNameControlTxt0TRIA
ReturnHeader/Filer/EIN0461229632
ReturnHeader/Filer/PhoneNum09194522272
ReturnHeader/Filer/USAddress/AddressLine1Txt0117 W MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0CARRBORO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027510
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561743537
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0223 US HIGHWAY 70 EAST SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GARNER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0275294051
ReturnHeader/PreparerPersonGrp/PhoneNum09196621001
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SUSAN DEAN
ReturnHeader/ReturnTs02024-11-14T15:11:32-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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