St Petersburg Bike Cooperative
Nonprofit profile at a glance
- EIN
- 463844086
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2022
- Location
- Saint Petersburg, FL, USA
- Phone
- 7274220416
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $37,175
- Expenses
- $26,726
- Assets
- $46,351
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Carrie L Waite (President)
- Kendall M Reid (Vice President)
People named in this filing
- Carrie L Waite (President)
- Kendall M Reid (Vice President)
- Denise A Landay (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
Bicycle repair assistance and instruction
What it reported doing in 2024
In alignment with our mission to teach individuals of all backgrounds bicycle repair and maintenance, promote personal development and self-sufficiency, and encourage bicycle advocacy, St. Pete Bike Co-op continued to support the St. Petersburg community during the fiscal year from October 1, 2024, to September 30, 2025. 1. Community Engagement and Education - The Co-op's Open Shop Nights welcomed approximately 1,220 visitors, volunteers, and members over the year, offering numerous opportunities for hands-on learning in bicycle repair and maintenance. The shop was open for 122 nights throughout the year, providing consistent access to resources and educational workshops. The Co-op also provided free bicycle valet parking services at Localtopia, an annual community event that welcomes over 40,000 attendees each year. 2. Membership - The Co-op maintained an average of 140 active members during FY 2025. 3. Free Bike Program - As part of our mission to promote sustainable transportation and self-sufficiency, we distributed approximately 50 free bicycles, each with a U-lock, helmet, and lights, to community members in need, in partnership with local homeless and addiction support organizations. This initiative supports individuals economically with low cost and environmentally friendly transportation. 4. Volunteer Support - The Co-op was supported by an average of 21 active volunteers each month. Volunteers played a crucial role in running the shop, mentoring visitors, and facilitating educational sessions. This strong volunteer base reflects the community's dedication to our mission. 5. Bicycle Safety and Advocacy - Beyond individual repairs and donations, the Co-op advocated for bicycle safety and sustainable transportation through education, outreach, and local engagement. Board members served on the Mayor's Bicycle and Pedestrian Advisory Committee (MBPAC), contributing to citywide active transportation initiatives.
Operating model
- Revenue model
- Other-operating. 73% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 82
- Sustainability: 70
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.4%; rating input score 72
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 28.1%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 1.73; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -73.7% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -63.7% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 25.4% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 72.4% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $27K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- 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 — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.