Civic Intelligence

Recyclable Bicycle Exchange Inc

EIN 47-3063909 • 501(c)3 • Fort Lauderdale, FL

Profile

A community bicycle shop/co-op to help provide quality and safe bikes to the kids of south florida as a means of introducing an entertaining activity that promotes an active lifestyle, freedom, fun and transportation. Providing affordable bikes and bike repair to the public and free bikes to local youth. Tool, knowledge and facility sharing encouraging bike/repair based educational opportunities. Encouraging safe biking and providing helmets/safety equipment. Working with local leaders/groups/cities to build a viable transportation infrastructure. Reusing bike parts for future repairs and recycling all unusable frames and parts to reduce waste in local landfills. Open shop nights, bike rodeos, bike valet/parking at public events and free helmets.

1750 NE 11th StreetFort Lauderdale, FL 33304

rbxfl.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

71st percentile

16%

Higher net margin than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

83rd percentile

$5,769

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

58th percentile

4.1%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$0

Down $10,277 (-100%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$0

Down $9,594 (-100%) from 2021

Revenue

Up

$146,138

Up $5,764 (+4.1%) from 2021

Expenses

Down

$122,136

Down $17,930 (-13%) from 2021

Net Income

Up

$24,002

Up $23,694 (+7693%) from 2021

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2020: $9,939Liabilities 2020: $909Net Assets 2020: $9,0302020Assets 2021: $10,277Liabilities 2021: $683Net Assets 2021: $9,5942021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2022

Assets$0
Liabilities-
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2020: $108,429Expenses 2020: $109,128Net Income 2020: -$6992020Revenue 2021: $140,374Expenses 2021: $140,066Net Income 2021: $3082021Revenue 2022: $146,138Expenses 2022: $122,136Net Income 2022: $24,0022022

Highlighted filing

2022

Revenue$146,138
Expenses$122,136
Net Income$24,002

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 9, 2023
Return Version
2022v5.0
Gross Receipts
$146,957
Mission and Program Overview

Mission

A community bicycle shop/co-op to help provide quality and safe bikes to the kids of south florida as a means of introducing an entertaining activity that promotes an active lifestyle, freedom, fun and transportation. Providing affordable bikes and bike repair to the public and free bikes to local youth. Tool, knowledge and facility sharing encouraging bike/repair based educational opportunities. Encouraging safe biking and providing helmets/safety equipment. Working with local leaders/groups/cities to build a viable transportation infrastructure. Reusing bike parts for future repairs and recycling all unusable frames and parts to reduce waste in local landfills. Open shop nights, bike rodeos, bike valet/parking at public events and free helmets.

Program Services

DescriptionGrantsExpenses
PROVIDED AFFORDABLE BIKES AND BIKE REPAIR TO THE PUBLIC AND FREE BIKES TO LOCAL YOUTH. ENCOURAGED BIKE/REPAIR BASED EDUCATIONAL OPPORTUNITIES. PROVIDED HELMETS/SAFETY EQUIPMENT TO ENCOURAGE SAFE BIKING.-$122,136
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFFREY S TORKELSONOfficerFT$5,769-$5,769
Filing and Contact Details

Filer

Filer Name
Recyclable Bicycle Exchange Inc
EIN
47-3063909
Phone
9545407609
Address
1750 NE 11TH STREET, FORT LAUDERDALE, FL 33304

Signing Officer

Name
Jeffrey S Torkelson
Title
Officer
Phone
9545407609
Signed
2023-02-09
Discuss with paid preparer
Yes

Preparer

Firm
T Jay Vitarelli CPA
Address
5220 S UNIVERSITY DR STE 211, DAVIE, FL 33328-5318
Preparer
T Jay Vitarelli CPA
Phone
9542527774
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Bike sales and repairs advertising 580 computer software 1,012 merchant fees 2,509 equipment rental & fuel 1,138 volunteers meals 1,706 repairs and maintenance 192 taxes and licenses 1,954 charitable contributions 93 cost of goods sold 47,095 expenses office expense 375 office supplies 1,667 insurance 2,123 non-investment depreciation 205 total 60,649

Form 990-ez, Part I, Line 20

Non profit closure -33,375 book / tax depreciation difference -222

Form 990-ez, Part II, Line 24

2,133 0 less accumulated depreciation 604 0 security deposit 1,700 0 total 3,229 0

Form 990-ez, Part II, Line 26

SALES TAX PAYABLE 683 0

Form 990-ez, Part III

A community bicycle shop/co-op to help provide quality and safe bikes to the kids of south florida as a means of introducing an entertaining activity that promotes an active lifestyle, freedom, fun and transportation. Providing affordable bikes and bike repair to the public and free bikes to local youth. Tool, knowledge and facility sharing encouraging bike/repair based educational opportunities. Encouraging safe biking and providing helmets/safety equipment. Working with local leaders/groups/cities to build a viable transportation infrastructure. Reusing bike parts for future repairs and recycling all unusable frames and parts to reduce waste in local landfills. Open shop nights, bike rodeos, bike valet/parking at public events and free helmets.

Raw XML Appendix134 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/BooksInCareOfDetail/USAddress/CityNm0FORT LAUDERDALE
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IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033304
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IRS990ScheduleA/TotalSupportAmt025848
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/BondsOutstandingInd0false
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IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BIKE SALES AND REPAIRS ADVERTISING 580 COMPUTER SOFTWARE 1,012 MERCHANT FEES 2,509 EQUIPMENT RENTAL & FUEL 1,138 VOLUNTEERS MEALS 1,706 REPAIRS AND MAINTENANCE 192 TAXES AND LICENSES 1,954 CHARITABLE CONTRIBUTIONS 93 COST OF GOODS SOLD 47,095 EXPENSES OFFICE EXPENSE 375 OFFICE SUPPLIES 1,667 INSURANCE 2,123 NON-INVESTMENT DEPRECIATION 205 TOTAL 60,649
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NON PROFIT CLOSURE -33,375 BOOK / TAX DEPRECIATION DIFFERENCE -222
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt22,133 0 LESS ACCUMULATED DEPRECIATION 604 0 SECURITY DEPOSIT 1,700 0 TOTAL 3,229 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALES TAX PAYABLE 683 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COMMUNITY BICYCLE SHOP/CO-OP TO HELP PROVIDE QUALITY AND SAFE BIKES TO THE KIDS OF SOUTH FLORIDA AS A MEANS OF INTRODUCING AN ENTERTAINING ACTIVITY THAT PROMOTES AN ACTIVE LIFESTYLE, FREEDOM, FUN AND TRANSPORTATION. PROVIDING AFFORDABLE BIKES AND BIKE REPAIR TO THE PUBLIC AND FREE BIKES TO LOCAL YOUTH. TOOL, KNOWLEDGE AND FACILITY SHARING ENCOURAGING BIKE/REPAIR BASED EDUCATIONAL OPPORTUNITIES. ENCOURAGING SAFE BIKING AND PROVIDING HELMETS/SAFETY EQUIPMENT. WORKING WITH LOCAL LEADERS/GROUPS/CITIES TO BUILD A VIABLE TRANSPORTATION INFRASTRUCTURE. REUSING BIKE PARTS FOR FUTURE REPAIRS AND RECYCLING ALL UNUSABLE FRAMES AND PARTS TO REDUCE WASTE IN LOCAL LANDFILLS. OPEN SHOP NIGHTS, BIKE RODEOS, BIKE VALET/PARKING AT PUBLIC EVENTS AND FREE HELMETS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
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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
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVIE
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T JAY VITARELLI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-05-15T19:18:46-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY S
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TORKELSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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No mirrored PDF or thumbnail assets are attached yet.