Second Chance Bikes
Nonprofit profile at a glance
- EIN
- 824670279
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- North Charleston, SC, USA
- Phone
- 8436088383
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Transportation Assistance
Reported finances
- Revenue
- $119,501
- Expenses
- $138,143
- Assets
- $67,475
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Sylvie Baele (Executive Director)
- Zoey Cole (Board Member- President)
People named in this filing
- Sylvie Baele (Executive Director)
- Zoey Cole (Board Member- President)
- Lydia Ford (Board Member-Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Basic Needs Provision
What it reported doing in 2024
Classes and Workshops: 175 people served. Participants get hands-on experience using tools and learning basic bike maintenance and repairs. Other topics include bike safety and how to upcycle old bike parts into useful things.
Operating model
- Revenue model
- Other-operating. 84% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 100
- Sustainability: 26
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -15.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
- Officer compensation ratio: 38.7%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 69% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 21.5% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 29.4% per year; rating input score 100; 87th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $138K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 11/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- High — Sustainability: Officer compensation ratio scored 8/100.