2024-02-13T08:06:13-05:00 2023-03-31 273022585 GEESLIN GROUP LLC 200 WESTPARK DR STE 370 PEACHTREE CITY GA 302693506 990 2022-04-01 454335893 BEARINGS BIKE SHOP INC BEAR 4044844180 982 MURPHY AVE SW ATLANTA GA 30310 TIMOTHY O'MARA EXECUTIVE DIRECTOR 4044844180 2024-01-03 true TIMOTHY OMARA 999009999 false DALE K GEESLIN CPA P00140648 7704870001 2024-02-12 2022 2023-04-26 12:10:37Z BEARINGS BIKE WORKS TIMOTHY O'MARA 982 MURPHY AVENUE SW ATLANTA GA 30310 1394179 false X HTTP://BEARINGSBIKEWORKS.ORG X 2013 GA BEARINGS BIKE WORKS PUTS THE RIGHT TOOLS IN THE HANDS OF YOUTH, ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES. 10 9 21 50 0 753151 1132283 66270 60000 29 55 153579 159113 973029 1351451 0 0 545657 571147 0 34785 293559 451101 839216 1022248 133813 329203 2495891 2876733 73026 68095 2422865 2808638 X THE ORGANIZATION'S MISSION IS TO PUT THE RIGHT TOOLS IN THE HANDS OF YOUTH ENABLING THEM TO ADVANCE THEIR SKILLS TO BUILD PRODUCTIVE LIVES. false false 813124 60000 PROGRAMS INCLUDE: SKILLS FOR LIFE IS A DROP-IN AFTER SCHOOL PROGRAM. TO OUR KIDS, BEARINGS IS KNOWN AS THE PLACE WHERE YOU CAN EARN A BIKE AND KEEP IT IN WORKING ORDER. HOWEVER, OUR THOUGHTFUL PROGRAM DESIGN GOES WELL BEYOND THAT AND DRAWS UPON BEST PRACTICES IN YOUTH DEVELOPMENT, STEM CURRICULUM AND EXPOSURE AND PRE- EMPLOYMENT PREPARATION. GEARING UP IS BEARINGS' SCHOOL PARTNERSHIP PROGRAM THAT OFFERS HANDS-ON, STUDENT CENTERED LEARNING EXPERIENCES THAT ACTIVATE LESS TRADITIONAL LEARNING STYLES. WE USE AUTHENTIC EXPERIENCES TO TEACH THE SOCIAL-EMOTIONAL SKILLS THAT CAN MAKE A DIFFERENCE IN THE CLASSROOM AND BEYOND. YOUTH MOUNTAIN BIKING TEAM IS A COMPETITIVE CYCLING PROGRAM THAT PROMOTES MOUNTAIN BIKING AS A LIFE-LONG ACTIVITY FOR GOOD HEALTH AND CREATES A UNIQUE ENVIRONMENT FOR SKILLS DEVELOPEMNT. THE PROGRAM AIMS TO INCREASE ACCESS TO THE SPORT OF MOUNTAIN BIKING AND PROVIDE OPPORTUNITIES FOR SPORT-BASED DEVELOPEMENT, COACHING STUDENTS BOTH ON AND OFF THE BIKE DURING SOME OF THEIR MOST FORMATIVE YEARS. FRAMEWORKS IS A WORKFORCE DEVELOPMENT PROGRAM FOR TEENS AND YOUNG ADULTS THAT CREATES SKILLS-BUILDING OPPORTUNITIES THROUGH REAL-LIFE WORK EXPERIENCE IN THE CONTEXT OF A BIKE SHOP. IN ADDITION TO ON-THE-JOB TRAINING, STUDENTS PARTICIPATE IN CAREER AND PERSONAL DEVELOPMENT OPPORTUNITIES LIKE FINANCIAL LITERACY CLASSES, ADVANCED MECHANICAL TRAINING, AND VOCATIONAL FIELD TRIPS. 813124 true true false false false false false false false false true false false false false true true false false false false false false false true false false false false false false false false false false false true false true false false false false false false false false true 6 0 false 21 true false false false false false true true false false false false false false false false X 10 9 true false false false false false false true true false false true true true true true true true true false X X BECKY O'MARA 4044844180 982 MURPHY AVE SW ATLANTA GA 30310 TIMOTHY O'MARA EXECUTIVE DI 40.00 X X 107500 0 26836 STACYE BRIM CHAIRWOMAN 2.00 X X 0 0 0 ALEX DOMINGUEZ BOARD MEMBER 1.00 X 0 0 0 EDDIE FERGUSON BOARD MEMBER 1.00 X 0 0 0 JIM LOKEY BOARD MEMBER 1.00 X 0 0 0 EVAN LONGSTRETH TREASURER 2.00 X X 0 0 0 LONI METTER BOARD MEMBER 1.00 0.00 X 0 0 0 CHUCK OGLETREE BOARD MEMBER 1.00 X 0 0 0 RONDA ZENTS BOARD MEMBER 1.00 X 0 0 0 107500 26836 1 false false false 117404 1014879 54458 1132283 PROGRAM FEES 60000 60000 60000 2133 2133 2078 -2078 -2078 -2078 42129 117404 40650 1479 157634 157634 157634 1351451 217689 107500 96750 5912 4838 43835 39451 2411 1973 313098 281789 17220 14089 72194 64974 3971 3249 34520 31068 1899 1553 20550 8220 10685 1645 75496 29692 38600 7204 11716 2929 8553 234 14143 14143 31307 26611 4696 7074 7074 59175 59175 PROGRAM EXPENSES 231640 231640 1022248 813124 174339 34785 468528 180140 1006 694226 22889 6300 19825 22250 15557 17656 2154932 198771 1968086 1956161 2495891 2876733 58026 55595 15000 12500 73026 68095 X 2359981 2385392 62884 423246 2422865 2808638 2495891 2876733 X 329203 -2111 58681 X false true true false X 2277200 703863 633301 753151 1132283 5499798 2277200 703863 633301 753151 1132283 5499798 5499798 7008 14424 2406 29 2133 26000 44705 30048 21047 39616 135416 5661214 261896 0.97150 0.77350 X PART II, LINE 10 135,416 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 318142 318142 1751930 165694 1586236 1904378 X 1446807 36355 59001 95356 1351451 1351451 1063145 36355 4222 59495 100072 963073 59175 59175 1022248 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501 (C)(3). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS DURING THE YEAR ENDED MARCH 31, 2023, OR ANY TAX YEAR STILL OPEN TO TAXING AUTHORITIES. SCHEDULE D, PAGE 4, PART XI, LINE 2D IN-KIND SERVICES 18,351 SPECIAL EVENT EXPENSES 40,650 SCHEDULE D, PAGE 4, PART XII, LINE 2D EVENT EXPENSES 40,650 18,845 SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 59,175 BBQ AND BREW 154062 113208 40854 28040 155 7979 154062 113208 40854 28040 155 7979 36174 4680 REBECCA O'MARA WIFE OF EXEC. 43835 SALARY false SCHEDULE L, PART V REBECCA O'MARA IS THE WIFE OF TIMOTHY O'MARA WHO IS THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE ORGANIZATION PAID REBECCA 43,835 IN SALARY FOR THE CALENDAR YEAR 2022. X BIKES 455 54458 FAIR MARKET VALUE X MISC PARTS 64 FAIR MARKET VALUE false false false FORM 990, PAGE 2, PART III, LINE 4A PROGRAMS INCLUDE: SKILLS FOR LIFE IS A DROP-IN AFTER SCHOOL PROGRAM. TO OUR KIDS, BEARINGS IS KNOWN AS THE PLACE WHERE YOU CAN EARN A BIKE AND KEEP IT IN WORKING ORDER. HOWEVER, OUR THOUGHTFUL PROGRAM DESIGN GOES WELL BEYOND THAT AND DRAWS UPON BEST PRACTICES IN YOUTH DEVELOPMENT, STEM CURRICULUM AND EXPOSURE AND PRE- EMPLOYMENT PREPARATION. GEARING UP IS BEARINGS' SCHOOL PARTNERSHIP PROGRAM THAT OFFERS HANDS-ON, STUDENT CENTERED LEARNING EXPERIENCES THAT ACTIVATE LESS TRADITIONAL LEARNING STYLES. WE USE AUTHENTIC EXPERIENCES TO TEACH THE SOCIAL-EMOTIONAL SKILLS THAT CAN MAKE A DIFFERENCE IN THE CLASSROOM AND BEYOND. YOUTH MOUNTAIN BIKING TEAM IS A COMPETITIVE CYCLING PROGRAM THAT PROMOTES MOUNTAIN BIKING AS A LIFE-LONG ACTIVITY FOR GOOD HEALTH AND CREATES A UNIQUE ENVIRONMENT FOR SKILLS DEVELOPEMNT. THE PROGRAM AIMS TO INCREASE ACCESS TO THE SPORT OF MOUNTAIN BIKING AND PROVIDE OPPORTUNITIES FOR SPORT-BASED DEVELOPEMENT, COACHING STUDENTS BOTH ON AND OFF THE BIKE DURING SOME OF THEIR MOST FORMATIVE YEARS. FRAMEWORKS IS A WORKFORCE DEVELOPMENT PROGRAM FOR TEENS AND YOUNG ADULTS THAT CREATES SKILLS-BUILDING OPPORTUNITIES THROUGH REAL-LIFE WORK EXPERIENCE IN THE CONTEXT OF A BIKE SHOP. IN ADDITION TO ON-THE-JOB TRAINING, STUDENTS PARTICIPATE IN CAREER AND PERSONAL DEVELOPMENT OPPORTUNITIES LIKE FINANCIAL LITERACY CLASSES, ADVANCED MECHANICAL TRAINING, AND VOCATIONAL FIELD TRIPS. FORM 990, PART VI TIMOTHY O'MARA, EXECUTIVE DIRECTOR, AND REBECCA O'MARA, AN EMPLOYEE, ARE MARRIED. FORM 990, PAGE 6, PART VI, LINE 2 REBECCA O'MARA SPOUSE FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED IN DETAIL BY BOTH THE BOARD CHAIR AND TREASURER IN DETAIL BEFORE SUBMISSION TO THE IRS. THE FULL BOARD OR DIRECTORS IS AWARE OF THE 990 PROCESS AND RECEIVES A COPY PRIOR TO SUBMISSION WITH AN OPPORTUNITY TO PROVIDE FEEDBACK OR ASK QUESTIONS BEFORE SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C BEARINGS INFORMS THE BOARD OF DIRECTORS OF NEW MAJOR VENDOR RELATIONSHIPS. AS A SMALL BORAD OF DIRECTORS AND SMALL ORGANIZATION, BUSINESS RELATIONSHIPS ARE TYPICALLY KNOWN PRIOR TO VENDOR RELATIONSHIP DEVELOPEMENT. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW AND COMPENSATION COMPARISON RESEARCH PROJECT ANNUALLY FOR THE EXECUTIVE DIRECTOR. THE BOARD GOVERNANCE COMMITTEE MAKES RECOMMENDATIONS ON SALARY AND THE FULL BOARD DISCUSSES AND VOTES ON COMPENSATION AMOUNTS ANNUALLY. THE BOARD OF DIRECTORS PERFORMS A SIMILAR PROCESS OF SALARY REVIEW, RECOMMENDATION AND VOTING TO APPROVE FOR THE DIRECTOR OF DEVELOPMENT SINCE THE EXECUTIVE DIRECTOR AND DIRECTOR OF DEVELOPMENT ARE MARRIED. THE PROCESS IS DOCUMENTED IN BOARD MEETING MINUTES. A COMPARISON STUDY IS DONE BY THE BOARD GOVERNANCE COMMITTEE UTILIZING 990S FROM SIMILAR YOUTH SERVING ORGANIZATIONS IN THE CITY OF ATLANTA. THE BOARD OF DIRECTORS APPROVES COMPENSATION ARRANGEMENTS FOR THE EXECUTIVE DIRECTOR AND DIRECTOR OF DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW AND COMPENSATION COMPARISON RESEARCH PROJECT ANNUALLY FOR THE EXECUTIVE DIRECTOR.THE BOARD GOVERNANCE COMMITTE MAKES RECOMMENDATIONS ON SALARY AND THE FULL BOARD DISCUSSES AND VOTES ON COMPENSATION AMOUNTS ANNUALLY. THE BOARD OF DIRECTORS PERFORMS A SIMILAR PROCESS OF SALARY REVIEW, RECOMMENDATIONS AND VOTING TO APPROVE FOR THE DIRECTOR OF DEVELOPMENT SINCE THE EXECUTIVE DIRECTOR AND DIRECTOR ARE MARRIED. A COMPARISON STUDY IS DONE BY THE BOARD GOVERNANCE COMMITTEE UTILIZING 990S FROM SIMILAR YOUTH SERVING ORGANIZATION IN THE CITY OF ATLANTA. THE BOARD OF DIRECTORS APPROVES COMPENSATION ARRANGEMENTS FOR THE EXECUTIVE DIRECTOR AND DIRECTOR OF DEVELOPMENT. FORM 990, PAGE 6, PART VI, LINE 19 THE PUBLIC IS INVITED TO EMAIL BEARINGS TO REQUEST COPIES OF THESE DOCUMENTS. THIS INFORMATION IS AVAILABLE ON THE WEBSITE. FORM 990, PART XI, LINE 9 IN-KIND SERVICES 18,351 SPECIAL EVENT EXPENSES 40,650 EVENT EXPENSES -40,650 -18,845 BOOK / TAX DEPRECIATION DIFFERENCE 59,175 TOTAL 58,681