Second Cycle Community Bicycle Shop

What it reported doing in 2024

2nd Cycle Programming Information OUR VISION: A world where the joy of bike riding is accessible to everybody. OUR MISSION: To demystify and normalize bike riding as a part of daily life, and realize the bicycle as a tool for personal and community empowerment. Bicycle Services Our organization fulfills its mission by offering the community affordable bikes, parts, and services. In our unique bike shop, we provide services not found elsewhere in our community and sell approximately 500 used bikes each year. Pedal It Forward In 2024, 2nd Cycle performed critical transportation-focused bike repairs, including 304 donated repairs to keep community members rolling safely. In keeping with 2nd Cycle? s mission, we provide free or low-cost bike repairs to needy individuals, helping keep our community moving safely regardless of financial circumstances. Pedal For The People Our bike gifting program, "Pedals For the People," gave away functioning bicycles to individuals who rely on cycling for essential transportation. We are proud of our work in distributing bikes to community members who rely on them for crucial transit but cannot afford one. Youth Programs Just Riding Around (JRA): A Teen Destination-Riding Program Just Riding Around (JRA) is a destination-based youth cycling program developed in partnership between 2nd Cycle, Cascade Bicycle Club, and WSDOT. Designed to build confidence and independence through active transportation, JRA teaches students how to navigate urban environments by bike. Through guided rides across Tacoma, teens explore local neighborhoods, parks, and community landmarks while developing critical on-bike skills. The program emphasizes safe riding habits, route planning, and real-world experience using the city? s growing bike infrastructure. Participants who complete the program earn a bicycle, a new lock, lights, and a flat repair kit, equipping them with the tools they need to continue riding beyond the program and become everyday riders, advocates, and community leaders. Classroom Support & Fleet Maintenance for the Let? s Go Statewide Program (Tacoma Public School) 2nd Cycle partners with Tacoma Public Schools and surrounding districts to deliver hands-on classroom support and comprehensive fleet maintenance for the statewide ? Let? s Go? bicycle education program. Our team works directly with educators and students, providing in-class instruction focused on bike safety, riding skills, and active transportation. This embedded support ensures every classroom receives expert guidance tailored to its unique needs, helping students build the confidence and knowledge to become lifelong riders. Beyond the classroom, we manage maintenance for school bike fleets, keeping equipment safe, functional, and ready for student use. By reducing downtime and streamlining logistics, we make it easier for schools to deliver high-quality programming that reaches more youth. This work reflects our commitment to empowering students through cycling and advancing equitable access to bike education across the state. Safe Routes to School Youth & Community Bicycle Educator: We are contracted to support Tacoma's youth and families through engaging bike education programs, including urban skills camps, school-based bike rodeos, family rides, and Earn-a-Bike courses. The program prioritizes underserved communities and empowers participants with cycling skills, safety knowledge, and confidence to safely navigate streets, fostering a healthier, more connected community. Earn-A-Bike (EAB) The Earn-A-Bike program is one of our longest-running and most impactful initiatives. Over six weeks, youth participants delve into the mechanics of bicycles, learning to repair and maintain various systems. In the first session, students pick their bikes, learn bike anatomy, and master flat tire repair. As the program progresses, they gain hands-on experience working on their bikes, culminating in a celebratory ride on their newly refurbished stee

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 80%; rating input score 80
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 22nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.2%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 12.5%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: 11.1% per year; rating input score 100; 66th percentile among comparable filings
• Revenue growth: 16.2% per year; rating input score 100; 80th percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 51st percentile among comparable filings