Civic Intelligence

Silicon Valley Bicycle Exchange

990 • Fiscal year 2023 • EIN 46-1608203

Jan 01, 2023 to Dec 31, 2023 • Filed on May 06, 2024

3961 E Bayshore RoadPalo Alto, CA 94303

(650) 691-5989

Siviq Scores

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

Liabilities / Assets

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

55th percentile

0.03x

Higher debt load relative to revenue than 55% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

86th percentile

40%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

90th percentile

$113,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 26.3% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

77th percentile

23%

Faster asset growth than 77% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

69th percentile

26%

Faster revenue growth than 69% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Up

$937,868

Up $172,815 (+23%) from 2022

Net Assets

Up

$924,723

Up $169,754 (+22%) from 2022

Liabilities

Up

$13,145

Up $3,061 (+30%) from 2022

Revenue

Up

$429,049

Up $88,524 (+26%) from 2022

Expenses

Up

$259,509

Up $28,172 (+12%) from 2022

Net Income

Up

$169,540

Up $60,352 (+55%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2016: $171,871Liabilities 2016: $02016Assets 2017: $240,918Liabilities 2017: $02017Assets 2018: $311,821Liabilities 2018: $0Net Assets 2018: $311,8212018Assets 2019: $431,437Liabilities 2019: $0Net Assets 2019: $431,4372019Assets 2020: $590,603Liabilities 2020: $9,641Net Assets 2020: $580,9622020Assets 2021: $767,337Liabilities 2021: $13,951Net Assets 2021: $753,3862021Assets 2022: $765,053Liabilities 2022: $10,084Net Assets 2022: $754,9692022Assets 2023: $937,868Liabilities 2023: $13,145Net Assets 2023: $924,7232023Assets 2024: $1,241,242Liabilities 2024: $3,155Net Assets 2024: $1,238,0872024

Highlighted filing

2023

Assets$937,868
Liabilities$13,145
Net Assets$924,723

Operations Trend

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

$600K$400K$200K$0Revenue 2016: $110,294Expenses 2016: $57,956Net Income 2016: $52,3382016Revenue 2017: $121,101Expenses 2017: $73,897Net Income 2017: $47,2042017Revenue 2018: $193,217Expenses 2018: $81,476Net Income 2018: $111,7412018Revenue 2019: $191,360Expenses 2019: $104,807Net Income 2019: $86,5532019Revenue 2020: $259,438Expenses 2020: $154,687Net Income 2020: $104,7512020Revenue 2021: $343,223Expenses 2021: $200,328Net Income 2021: $142,8952021Revenue 2022: $340,525Expenses 2022: $231,337Net Income 2022: $109,1882022Revenue 2023: $429,049Expenses 2023: $259,509Net Income 2023: $169,5402023Revenue 2024: $407,645Expenses 2024: $351,093Net Income 2024: $56,5522024

Highlighted filing

2023

Revenue$429,049
Expenses$259,509
Net Income$169,540
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 6, 2024
Return Version
2023v5.1
Gross Receipts
$481,663
Mission and Program Overview

Mission

The silicon valley bicycle exchange is dedicated to serving the community while inspiring people to learn the art of bicycle repair. The bike exchange accepts donations of used bicycles from the public and hosts regular volunteer workday events in which volunteers repair the donated bicycles. Repaired bicycles are then donated to a variety of charities which benefit veterans, children, and the homeless.

The Silicon Valley Bicycle Exchange is dedicated to serving the community while inspiring people to learn the art of bicycle repair.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$603,260$719,227▲ $115,967
Cash and Non-Interest-Bearing Accounts$3,298$187,377▲ $184,079
Savings and Temporary Cash Investments$146,877--
Accounts Receivable$8,618$28,264▲ $19,646
Inventories for Sale or Use$0$0→ $0
Total Assets$765,053$937,868▲ $172,815
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$10,084$13,145▲ $3,061
Unsecured Notes Loans Payable$0--
Total Liabilities$10,084$13,145▲ $3,061
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$754,969$924,723▲ $169,754
Total Net Assets Fund Balance$754,969$924,723▲ $169,754
Total Liabilities and Net Assets / Fund Balance$765,053$937,868▲ $172,815
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Andrew YeeExecutive DirectorFT$113,000$113,000

Board Members and Trustees

NameTitle
David K ForkPresident and Board Member
Bruce HildenbrandBoard Member
John P MillerBoard Member
Judy ColwellBoard Member
Roger Conley-SmithSecretary and Board Member
Lucy HsuTreasurer and Board Member
Revenue and Support

Revenue Composition

Contributions and Grants
$112,932
Program Service Revenue
$0
Investment Income
$17,722
Other Revenue
$298,395
All Other Contributions
$112,932
Change in Net Assets
$169,540

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1,561$78,050Fair Market Value (FMV) - $50/bike
Total Noncash Contributions1,561$78,050-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$192,160
Other Expenses$67,349
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$173,323$0$0$173,323
All Other Expenses$16,606$0$0$16,606
Payroll Taxes$13,637$0$0$13,637
Office Expenses$0$10,200$0$10,200
Insurance$0$8,044$0$8,044
Pension Plan Contributions$0$5,200$0$5,200
Fees for Services Accounting$0$5,185$0$5,185
Advertising$0$3,580$0$3,580
Occupancy$2,897$0$0$2,897
Information Technology$0$2,063$0$2,063
Other Expenses$586$0$0$586
Total Functional Expenses$225,237$34,272$0$259,509
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
St Anthony's PaduaMenlo Park, CA-Operational Support-
Sunday FriendsSan Jose, CA-Operational Support-
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
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
Filing and Contact Details

Filer

Filer Name
Silicon Valley Bicycle Exchange
EIN
46-1608203
Phone
6506915989
Address
3961 E Bayshore Road, Palo Alto, CA 94303

Signing Officer

Name
David Fork
Title
President
Phone
6506915989
Signed
2024-05-06

Organization Details

Principal Officer
David Fork
Formed
2013
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
610

Preparer

Firm
Bernard M Valek CPA
Address
12149 Fremont St, Yucaipa, CA 92399
Preparer
Bernard M Valek
Phone
9097057505
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The board of directors meets to review the tax filing. Each board member is provided the tax filing ahead of time. When the board meets, they can ask questions and raise any issues they may have noticed during their review. The board decides together on any issues and often uses the tax filing instructions to aid in those decisions.

Pt VI, Line 12C

The organization does not compensate board members directly or indirectly. Financial transactions that are unusual are generally reviewed by multiple board members.

Pt VI, Line 19

The organization shares its bylaws publicly on its website, Bikex.org. Tax filings are available upon request. Financial statements (other than those in tax filings)are not normally prepared. The bylaws include a conflict of interest policy. The bylaws can be found online at https://Bikex.org/about/SVBE-Bylaws.

Other

Part III, Line 4d Cash donations to bicycle non-profits $200.

Pt VI, Line 15A

Compensation for the Executive Director was determined by evaluation of the EDs performance in the previous year.

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IRS990/ProgSrvcAccomActy2Grp/Desc0The Silicon Valley Bicycle Exchange has opened a small community bike shop that circulates inexpensive, high-quality, gently-used bicycles back into the community. The bicycle exchange sold 677 reasonably priced bicycles in 2021. The vast majority of these bicycles are repaired by volunteers which gives the volunteers the opportunity to learn bicycle repair techniques. Income from the community bike shop is used to support the exchanges other programs such as bicycle donations and bicycle repair events.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Silicon Valley Bicycle Exchange promoted bicycle repair education by hosting 133 skills sharing events that were supported by and attended by 610 volunteers, who collectively volunteered over 11,039 hours of their time.
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt016615
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt027406
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt044021
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0112932
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt095408
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0113127
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0130029
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0129997
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0581493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017722
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt010386
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06476
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04722
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06287
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt045593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0298395
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0297647
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt0279106
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0166303
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt070092
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01111543
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt010386
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06476
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04722
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06287
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt045593
IRS990ScheduleA/InvestmentIncomeCYPct00.02620
IRS990ScheduleA/InvestmentIncomePYPct00.02180
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.94850
IRS990ScheduleA/PublicSupportPY509Pct00.92490
IRS990ScheduleA/PublicSupportTotal509Amt01649015
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt016615
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt027406
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt044021
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0411327
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0393055
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0392233
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0296332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0200089
IRS990ScheduleA/Total509Grp/TotalAmt01693036
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01738629
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
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt05500
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt15450
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0Bikes
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc1bikes
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Operational Support
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Operational Support
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Sunday Friends
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1St Anthony's Padua
IRS990ScheduleI/RecipientTable/RecipientEIN0941713807
IRS990ScheduleI/RecipientTable/RecipientEIN1943151091
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 24887
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13500 Middlefield Road
IRS990ScheduleI/RecipientTable/USAddress/CityNm0San Jose
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Menlo Park
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095154
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd194025
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1FMV
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01561
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0Bicycles
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0FMV - $50/bike
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt078050
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The board of directors meets to review the tax filing. Each board member is provided the tax filing ahead of time. When the board meets, they can ask questions and raise any issues they may have noticed during their review. The board decides together on any issues and often uses the tax filing instructions to aid in those decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization does not compensate board members directly or indirectly. Financial transactions that are unusual are generally reviewed by multiple board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization shares its bylaws publicly on its website, Bikex.org. Tax filings are available upon request. Financial statements (other than those in tax filings)are not normally prepared. The bylaws include a conflict of interest policy. The bylaws can be found online at https://Bikex.org/about/SVBE-Bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part III, Line 4d Cash donations to bicycle non-profits $200.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Compensation for the Executive Director was determined by evaluation of the EDs performance in the previous year.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0765053
IRS990/TotalAssetsEOYAmt0937868
IRS990/TotalAssetsGrp/BOYAmt0765053
IRS990/TotalAssetsGrp/EOYAmt0937868
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0112932
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034272
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225237
IRS990/TotalFunctionalExpensesGrp/TotalAmt0259509
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010084

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