Civic Intelligence

Recyclable Bicycle Exchange Inc

990EZ • Fiscal year 2020 • EIN 47-3063909

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 27, 2022

1750 NE 11th StreetFort Lauderdale, FL 33304

(954) 540-7609

Siviq Scores

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

Liabilities / Assets

74th percentile

0.09x

Higher debt load relative to assets than 74% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

39th percentile

-0.6%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2020

Assets

$9,939

No earlier filing loaded for comparison.

Net Assets

$9,030

No earlier filing loaded for comparison.

Liabilities

$909

No earlier filing loaded for comparison.

Revenue

$108,429

No earlier filing loaded for comparison.

Expenses

$109,128

No earlier filing loaded for comparison.

Net Income

-$699

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$9,939
Liabilities$909
Net Assets$9,030

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$108,429
Expenses$109,128
Net Income-$699
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 27, 2022
Return Version
2020v4.0
Gross Receipts
$108,429
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.-$109,128
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFFREY S TORKELSONOfficerFT$0--
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
2022-09-27
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 545 computer software 350 merchant fees 1,894 fuel expense 314 volunteers meals 2,798 repairs and maintenance 3,537 taxes/licenses 166 charitable contributions 380 cost of goods sold 39,685 expenses office supplies 1,051 office expense 647 insurance 475 non-investment depreciation 427 total 52,269

Form 990-ez, Part I, Line 20

Book / tax depreciation difference 249

Form 990-ez, Part II, Line 24

Computer systems 0 2,133 less accumulated depreciation 0 178 security deposit 1,700 1,700 total 1,700 3,655

Form 990-ez, Part II, Line 26

SALEX TAX PAYABLE 0 909

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 Appendix119 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.

Path#Value
CompensationExplanation/CompensationExplanationGrp/PersonNm0JEFFREY S TORKELSON
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0RECYCLABLE BICYCLE EXCHANGE
IRS990EZ/BooksInCareOfDetail/PhoneNum09545407609
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01750 NE 11TH STREET
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FT LAUDERDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033304
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt07780
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt06284
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0854
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-699
IRS990EZ/FiledScheduleAInd0true
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IRS990EZ/InfoInScheduleOPartIIIInd0X
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IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt09480
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt0249
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0A 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.
IRS990EZ/PrintingPublicationsPostageAmt0129
IRS990EZ/ProgramServiceRevenueAmt0107575
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDED 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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0109128
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
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IRS990EZ/StatesWhereCopyOfReturnIsFldCd0FL
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0909
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0109128
IRS990EZ/TotalProgramServiceExpensesAmt0109128
IRS990EZ/TotalRevenueAmt0108429
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0RBXFL.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0854
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0854
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0107575
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportTotal170Amt0854
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0854
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0854
IRS990ScheduleA/TotalSupportAmt0854
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BIKE SALES AND REPAIRS ADVERTISING 545 COMPUTER SOFTWARE 350 MERCHANT FEES 1,894 FUEL EXPENSE 314 VOLUNTEERS MEALS 2,798 REPAIRS AND MAINTENANCE 3,537 TAXES/LICENSES 166 CHARITABLE CONTRIBUTIONS 380 COST OF GOODS SOLD 39,685 EXPENSES OFFICE SUPPLIES 1,051 OFFICE EXPENSE 647 INSURANCE 475 NON-INVESTMENT DEPRECIATION 427 TOTAL 52,269
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOOK / TAX DEPRECIATION DIFFERENCE 249
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPUTER SYSTEMS 0 2,133 LESS ACCUMULATED DEPRECIATION 0 178 SECURITY DEPOSIT 1,700 1,700 TOTAL 1,700 3,655
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SALEX TAX PAYABLE 0 909
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 20
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEFFREY S TORKELSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum09545407609
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0RECYCLABLE BICYCLE EXCHANGE INC
ReturnHeader/Filer/BusinessNameControlTxt0RECY
ReturnHeader/Filer/EIN0473063909
ReturnHeader/Filer/PhoneNum09545407609
ReturnHeader/Filer/USAddress/AddressLine1Txt01750 NE 11TH STREET
ReturnHeader/Filer/USAddress/CityNm0FORT LAUDERDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033304
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650824671
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0T JAY VITARELLI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05220 S UNIVERSITY DR STE 211
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVIE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0333285318
ReturnHeader/PreparerPersonGrp/PhoneNum09542527774
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0T JAY VITARELLI CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-30T16:57:56-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEFFREY S
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0TORKELSON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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